Study Abroad Cost Calculator

Estimate tuition, housing, living expenses, insurance, flights, and exchange-rate impact for studying abroad.

Net program cost

91,692 local

91,692 home

Gross cost

108,900 local

Before scholarship and income offsets

Monthly run rate

3,821 local

Net cost spread across study months

Buffer amount

6,792 local

8% contingency

Study abroad inputs

Estimate tuition, living costs, offsets, exchange rate, and buffer.

Annual base cost

54,000 local

Tuition, housing, living, insurance, and flights

Offsets

24,000 local

Scholarship and part-time income

Home currency cost

91,692 home

Net local cost multiplied by exchange rate

Study months

24 mo

Program years converted to months

Related calculators

What is the study abroad cost calculator?

This calculator estimates the full cost of studying abroad by country and program type. It combines tuition, rent, food, transportation, insurance, visa fees, airfare, test fees, settlement cost, scholarships, part-time income, loans, and exchange-rate assumptions.

The Korean guide uses 2026 exchange-rate and tuition assumptions for the United States, United Kingdom, Canada, Australia, Japan, Germany, France, and other countries so that families can compare realistic cash needs before applying.

Country cost references

United States and United Kingdom

  • US public university tuition is shown around KRW 35,000,000 to KRW 45,000,000 per year, while private universities can reach KRW 50,000,000 to KRW 70,000,000.
  • Large-city US living cost is shown around KRW 2,350,000 to KRW 4,000,000 per month.
  • A 4-year US undergraduate plan can reach roughly KRW 200,000,000 to KRW 400,000,000 on public-university assumptions.
  • The UK can be efficient because many master programs take 1 year; the guide shows a 1-year master around KRW 50,000,000 to KRW 80,000,000.
  • UK undergraduate study is often 3 years, with total cost around KRW 150,000,000 to KRW 250,000,000.

Japan, Germany, Canada, and Australia

  • Japan national university tuition is shown around KRW 5,000,000 to KRW 8,000,000 per year, with monthly living cost around KRW 1,000,000 to KRW 1,900,000.
  • Japan language study for 1 year is shown around KRW 15,000,000 to KRW 25,000,000, and a 4-year undergraduate plan around KRW 60,000,000 to KRW 100,000,000.
  • German public universities usually waive tuition, leaving semester fees around KRW 500,000 to KRW 2,000,000 and monthly living cost around KRW 930,000 to KRW 1,700,000.
  • A German 2-year master is shown around KRW 25,000,000 to KRW 40,000,000, mostly living cost.
  • Canada undergraduate 4 years is shown around KRW 120,000,000 to KRW 180,000,000, and Australia master 2 years around KRW 80,000,000 to KRW 120,000,000.

Work rules, scholarships, and exchange-rate risk

Part-time work and scholarships

  • US F-1 students are generally limited to on-campus work up to 20 hours per week.
  • UK student visa holders can usually work up to 20 hours per week during term.
  • Japan permits up to 28 hours per week with permission for activities outside status.
  • Australia is modeled at 48 hours per two weeks, with minimum wage A$24.10 in the guide.
  • Canada is modeled at 24 hours per week, with minimum wage around C$16 to C$17 depending on province.
  • Scholarship references include KGSP, Fulbright, DAAD around EUR 1,000 per month, and university merit scholarships based on GPA and test scores.

Financing and currency

  • The Korean guide mentions student loans at 2.2% annual interest with up to KRW 10,000,000 per semester as a 2026 reference.
  • A 10% exchange-rate move can change total study cost by millions to tens of millions of KRW. A 4-year US plan at KRW 300,000,000 becomes about KRW 30,000,000 more expensive if KRW weakens by 10%.
  • Use split currency exchange, rate alerts, foreign-currency deposits, and a local bank account to reduce transfer and FX timing risk.

Planning checklist

  • One year before departure: choose countries and schools, prepare TOEFL, IELTS, JLPT, scholarships, and funding plans.
  • Six months before departure: submit applications, gather financial certificates and admission documents, book flights, and compare insurance.
  • Three months before departure: apply for the visa, reserve housing, exchange funds, prepare cards, and complete health checks or vaccinations.
  • One month before departure: organize luggage, eSIM or SIM, emergency contacts, and any international driver permit if needed.