Financing Your Medical Degree Abroad

Studying medicine abroad is a significant investment, so it is important to plan your finances carefully. As well as tuition fees, you will need to take into account rent, everyday living costs and personal expenses. There are also several ways to fund your studies, including support from your family, BAföG for studying abroad, scholarships, your own income and student loans.

To help you work out how much you may need each month, we have brought the key costs and funding options together in our Study Finance Planner. Simply choose your degree programme and university, adjust your expected expenses and available funding, and you will immediately see how your budget looks. If your chosen university is above your budget, the planner will also suggest comparable options with lower tuition fees.

The right way to finance your studies depends on your personal circumstances. It therefore makes sense to look at tuition fees and living costs together and check early on how well your available funding matches your actual monthly needs.

Depending on the university, tuition fees may be paid annually, by semester or in several instalments. For day-to-day budgeting, however, it is useful to convert these costs into an average monthly amount. This gives you a clearer idea of how much regular funding you will need and makes it easier to compare the financial impact of different study locations.