Study Abroad: Tips & Updates

10 Most Affordable Countries to Study Abroad in 2024

Yocket Editorial Team

What is the one thing you need to primarily keep in check when planning your study abroad journey?

Your budget!

But believe it or not, the most affordable study-abroad destinations, which we will discuss in this blog, provide international students with inexpensive tuition. To your surprise, they also rank highly in prominent international publications like THE Young University Rankings and QS World University Rankings. These low-cost study-abroad destinations sometimes don't even charge any tuition and provide a ton of scholarships and incentives for students.

If you need assistance with shortlisting and familiarizing yourself with overseas universities offering cutting-edge education at low costs, utilize Yocket College Finder!

Want to learn more? This blog will unveil the top 10 best economical places to study abroad as well as a wealth of other relevant details!

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Table of Contents 

List of 10 Cheapest Countries to Study Abroad for Indian Students

The perk of studying at the most affordable study-abroad destinations is that they provide international students with regularizations on two important expenditures: the tuition at top colleges and the living costs incurred in that nation. The best universities in the world are not just located in the cheapest study-abroad locations; these locations are also renowned for providing great education to international students and high employment rates.

Here are the top 10 cheapest countries to study abroad:

  • Norway 
  • Taiwan 
  • Germany 
  • France 
  • Mexico 
  • India 
  • Argentina 
  • Poland 
  • Malaysia 
  • South Africa 

Moving on, let us know about each of these cheapest places to study abroad in detail: 

1. Norway 

The Nordic nations are renowned for being the least expensive locations to study abroad. Both domestic and international students are not required to pay any tuition in Norway. Additionally, international students have a wide selection of English-taught courses to choose from.

Average Tuition Fee in Norway

EUR 7,000 - EUR 9,000 or INR 6,25,870 - INR 8,04,690

Average Cost of Living (per year)

NOK 139,600 or INR 12,32,800 

Popular Programs Offered 

  • Biotechnology
  • IT & Computer Science
  • Digital Media
  • Law 

Top Universities 

Read: Complete Guide on MS in Europe vs US

2. Taiwan 

Taiwan is one of the least expensive places for overseas students to study because it has 120 English-taught programs and 40 recognized universities. You can learn Mandarin while still enjoying incredibly inexpensive living costs in Taiwan!

Average Tuition Fee in Taiwan (per year)

TWD 8,300 to TWD 10,300 or INR 22,000 to INR 27,300 

Average Cost of Living (per year)

TWD 7,000 - TWD 10,000 or INR 18,500 - INR 26,500

Popular Programs Offered 

  • Information Technology
  • Chemical Engineering 
  • Mechanical Engineering 
  • Computer Science

Top Universities 

  • National Taiwan University 
  • National Tsinghua University 
  • National Taiwan University of Science and Technology

Suggested: Asia to Grow as the Largest Student Source Market! 

3. Germany 

Germany is known as the "land of ideas" and has a combination of renowned universities, research-intensive programs, and high employability rates. The German education system offers everything a student looking to study abroad needs, making it a top choice for cheap study abroad destinations for Indian students!

Average Tuition Fee in Germany (per semester)

EUR 100 - 1500 or INR 8,300 1,25,600 

Average Cost of Living (per month)

EUR 600 - EUR 900 or INR 50,000 - INR 80,000

Popular Programs Offered 

  • Finance 
  • Business Management
  • Medicine 
  • Mechanical Engineering

Top Universities 

Suggested: Benefits of Studying in Germany for International Students 

4. France 

France is regarded as one of the greatest and most affordable countries to study abroad since it provides students with over 1,500 courses that are taught in English. You'll have the opportunity to experience small class sizes and universities in gorgeous cities, thanks to the distinctive French education system.

Average Tuition Fee in France (per year)

EUR 170 - EUR 380 or INR 14,242 - INR 31,840

Average Cost of Living (per month)

EUR 700 - EUR 1200 or INR 50,000 - INR 85,000

Popular Programs Offered 

  • Fashion 
  • Art 
  • Engineering

Top Universities 

Suggested: Top 5 Cheap Universities in France

5. Mexico 

One of the least expensive places for international students to study abroad is Mexico. Mexico, which is renowned for being very welcoming to students, has a large number of Spanish and English-taught courses at reasonable tuition and living costs!

Average Tuition Fee in Mexico (per year)

USD 6,300 or INR 4,81,100

Average Cost of Living (per year)

USD 6,450 - USD 9,000 or INR 4,00,000 - INR 6,00,000

Popular Programs Offered 

  • International Business
  • Engineering
  • Law

Top Universities 

  • Instituto Politécnico Nacional 
  • Universidad De Guadalajara 

6. India 

India is undoubtedly the place for you if you want a top-notch education, along with accessibility and cultural diversity. India draws a large number of study-abroad students each year due to the abundance of English-taught courses and the lowest cost of living.

Average Tuition Fee in India (per year)

USD 8,000 or INR 6,11,000

Average Cost of Living (per year)

USD 4,600 or INR 3,51,000

Popular Programs Offered 

  • Business Administration 
  • Engineering 
  • Finance and Accounting

Top Universities 

  • University of Delhi
  • Indian Institute of Technology Bombay

7. Argentina 

Argentina is a superb choice if you want a combination of stunning scenery, student safety, and genuinely well-taught courses. Argentina is renowned for having extremely low private university tuition costs and completely free public university tuition.

Average Tuition Fee in Argentina (per year)

USD 5,100 or INR 3,89,500

Average Cost of Living (per year)

USD 5,000 or INR 3,81,000

Popular Programs Offered 

  • Healthcare Administration 
  • Sociology 
  • Information Technology

Top Universities 

  • University of Buenos Aires 
  • National University of Cordoba 
  • Austral University 

Suggested: Cheapest colleges in Canada!

8. Poland 

Poland is one of the oldest and most popular study-abroad locations in Europe and is well known for its affordable educational standards. The capital city of Warsaw has also received a ranking for affordability in the QS Best Student Cities Index, coming in at number 20.

Average Tuition Fee in Poland (per year)

EUR 2,500 or INR 2,09,400

Average Cost of Living (per year)

EUR 6,000 or INR 5,02,600

Popular Programs Offered 

  • IT & Computer Science 
  • Engineering 
  • Biotechnology 

Top Universities 

  • Warsaw University of Technology 
  • AGH University of Science and Technology 

Read: Top 10 Young Universities to Study Abroad!

9. Malaysia 

Malaysia is renowned for being among the most economical nations for Indian students to study abroad and for having minimal living expenses. Many major foreign universities, like Monash University and the University of Nottingham, have branches in Malaysia.

Average Tuition Fee in Malaysia (per year)

USD 4,000 or INR 3,05,500

Average Cost of Living (per year)

USD 3,550 or INR 2,71,100

Popular Programs Offered 

  • Business Management 
  • Mass Communication

Top Universities 

  • University of Malaya 
  • University Putra Malaysia 
  • Universiti Teknologi Malaysia 

Suggested: Cheapest Countries to study MBA

10. South Africa 

South Africa offers cultural diversity, outstanding academics, and natural beauty, undoubtedly listed as one of the most affordable nations to study abroad due to its reasonable tuition and cost of living.

Average Tuition Fee in South Africa (per year)

USD 4,000 or INR 3,05,500

Average Cost of Living (per year)

USD 3,550 or INR 2,71,100

Popular Programs Offered 

  • Medicine and Surgery 
  • Engineering 

Top Universities 

  • University of Cape Town 
  • University of the Western Cape 

The cheapest countries to study abroad offer international students with a low tuition fee as well as affordable living costs, consisting of expenses related to accommodation, travel, food, books, etc. To gain more clarity on the benefits of choosing the cheapest places to study abroad, connect with Yocket counselors today!

From The Desk of Yocket

Preparing to study abroad requires the applicants and their families to be mindful of a lot of factors.  From acing the standardized tests, scoring an adequate GPA, writing a strong SOP, and gathering LORs, each step matters - each step plays a crucial role in the application process. However, above all, the most elemental factor remains to be is the tuition and living costs for studying abroad.

Getting into a university that not only is affordable, but also ranks amongst the top, offers excellent academics, and job prospects post-studying is not a cakewalk. But you’ve landed at the right place!. Yocket can help you with shortlisting universities that best match your profile and offer education at cheap costs, amongst other things.

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Frequently Asked Questions About Cheapest Countries to Study Abroad

What are some cheap countries to study for Indian students?

What factors are considered when choosing the most affordable countries to study abroad?

Which are the famous countries for low-cost MBA abroad?

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