How to Finance your Education in Ireland : 6 Best Ways to Fund Your Studies In Ireland  Image
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How to Finance your Education in Ireland : 6 Best Ways to Fund Your Studies In Ireland

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Yocket Editorial Team
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Studying in Ireland can be a mesmerizing experience for you as an international student. Picture yourself living in a picturesque town, driving across the Atlantic way or having a stroll at the iconic Cliff of Moher. These thoughts do seem dreamy. Isn’t it? However, as splendid as it may sound, finance remains a big hurdle for many students. But, what if we told you it is POSSIBLE! It is possible to smart finance your education to study in Ireland. Funding your study to Ireland as an international student can be done in six simple and efficient ways. Let’s discuss them  in detail in this blog. 

   

Table Of Contents:

 

  1. Cost Of Studying In Ireland: How Much Will You Spend In Ireland?
  2. 6 Best Ways To Fund Your Finances To Study In Ireland
  3. Frequently Asked Questions About Financing Your Education In Ireland

Cost Of Studying In Ireland: How Much Will You Spend In Ireland?

 

Studying in Ireland is a tempting opportunity. But, here’s something you need to know before moving to Ireland - Ireland is an expensive country to live in! This means that your study expenditure and your cost of living in Ireland is expected to be slightly high.

 

The cost of studying in Ireland will vary according to the program you are studying. The annual tuition fee in Ireland may start from upto €9,000 for UG course to up to €35,000 for courses such as MBA, MBBS, etc.

 

Although the cost is high, studying there can be totally worth it once you get a job. The ROI of your study expenditure can be covered within a year or two after taking up a job in Ireland.

 

Apart from the cost of studying, students also have to bear the cost of living. Let’s list out your basic regular expenses and jot your monthly expenditure:

 

Expense Factor

Cost in Ireland

Rent

€ 1000 - € 1200

Food and drinks

€ 150 - € 200

Education, stationary and others

€ 100 - € 250

Travel

€ 100 - € 150

Others

€ 300 - € 500

 

All in all you will need about € 1850/per month in Ireland. This definitely seems like a massive amount to cater to every month. However, you can strategically finance your education and ease out on your expenses.

 

SUGGESTED: A Complete Breakdown of Cost of Living In Ireland

 

Financing Your Education: Ways To Fund Your Ireland Study As An International Student

 

Traveling to Ireland for further education can seem alot financially at the beginning. But, if planned in the right manner, you will surely be able to afford a decent lifestyle in Ireland.

 

To assist you with this planning, let’s discuss in detail about the ways you can fund your study in Ireland:

 

  1. Personal Savings

 

Most students heading over to the Irish land tend to have work experience of a couple of years. This is done with an intention to be exposed to the industry they are from. Therefore, many students hold some amount of personal savings to spend in Ireland.

 

You will also be pleased to know that having work-experience while you study in Ireland eases your job hunt abroad. You will be able to find a job for yourself sooner with previous work experience.

 

  1. Parental Sponsorship

 

In case you don’t intend to invest your savings and your parents are your education sponsors, you will still be able to study abroad. Parental sponsorship is an accepted financial aid in Ireland.

 

All you need to do is submit documents that prove your parental income. Pay your fees and keep the receipts of the same handy. This way you will be able to get a visa without any hassle.

 

  1. Education loan

 

If you are keen on studying in Ireland but don’t have enough savings, you don’t have to be dejected. Studying in Ireland is still doable with the help of an education loan. Banks lend low interest student loans to study in Ireland. So, if you wish to get a loan you can visit your preferred bank or consult a Yocket professional to get a bank loan sanctioned.

 

Study abroad experts can help you ease your loan process by helping you calculate the approximate amount you will need in Ireland. Post that, they also provide you with assistance to get a low-interest loan that suits your needs.      

 

  1. Scholarships

 

There are a number of scholarships available to study in Ireland. You can check on the university you are applying to or government portals to check the scholarship options available. Grants, scholarships and financial aid ease your expenses while studying in Ireland.

 

To get scholarships take the assistance of a professional counselor. As study abroad experts they will be able to help you reduce your Ireland costs.

 

Some of the popular scholarships to study in Ireland as an international student are:

 

  • The Government of Ireland International Education Scholarship
  • University of Cork Scholarships
  • Maynooth University Scholarships
  • The Intel Scholarship
  • Caroline Walsh Bursary in Creative Writing
  • V. Giri Global Excellence Scholarship
  • Global Excellence Graduate Scholarships
  • Max Arthur Macauliffe Special Merit Scholarship
  • Quercus Taught Masters Academic Scholarships

 

SUGGESTED: Learn all  you need to know about getting Scholarships in Ireland

 

  1. Employer Contributions

 

Some of the students moving abroad for further studies can also have their company fund their education. Employees working in an establishment long enough to develop mutual trust can be offered employer contributions to study.

 

In such a case, the company you’ve been working for will pay for your study expenses. If you are one of those lucky chaps, make use of the opportunity to study in Ireland for free.

 

  1. Part-time Jobs

 

The sources of fundings discussed above help you before you step into Ireland. However, most of your funds may get exhausted in the primary expenses incurred while moving to Ireland. To manage regular expenses in Ireland, international students can take up part time jobs in Ireland. This is the most sought after method to fund education in Ireland.

 

International students are allowed to work upto 20 hours/week in Ireland. Part time jobs help you manage your regular expenses as well as add to your professional experience (if you work in the same field as your study).  

 

SUGGESTED: What are the best options for part-time work for students in Ireland?

 

Frequently Asked Questions About Financing Your Education In Ireland

 

  1. What are some of the ways to fund your education in Ireland?

Some of the ways to fund your education are:

  • Personal savings
  • Parental sponsorship
  • Education loan
  • Part-time jobs
  • Employer contributions
  • Scholarships

 

  1. Can international students work part-time in Ireland?

International students are allowed to work for 20 hours/week in Ireland. They can also work full-time during college holidays.

 

  1. How much do international students in Ireland spend?

International students need at least about €1200 - €1500/ month in Ireland. Major part of your expenditure in Ireland is of your rent. Depending on the place of residence, you can adjust your expenses.

 

  1. Is it possible to study for free in Ireland?

You can study in Ireland for free if you are being sponsored by your company or some other organisation. It is only for students from Ireland,  EU/EEA countries, and Switzerland, that Bachelor’s degrees can be completed without having to pay any tuition fees.

 

Studying in Ireland can be a great step towards your personal and professional growth. Therefore, don’t let the financial constraints limit your opportunities. The above methods are some of the most practical ways to fund your education. By opting for these methods, you will be able to manage your student life in Ireland. Once you complete your education, you can look for a post study job in Ireland and get an ROI on your initial investment.

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