5 Ways to Raise Money For Studying Abroad or Migration
Travelling abroad has always been on the agenda of millions of people worldwide, especially young adults. However, not everyone got this dream realized because of the huge money involved.
No matter how much you want to ignore the financial involvement, studying abroad or relocating abroad will burn a hole in your pocket. However, if you have a payment platform like Pay4Me App, you can save more when you make your international payments.
But wait, we should be telling you how to raise money for your relocation. Yes, we will tell you how you can travel even if you are broke. When you want to leave your comfort zone and start a new life in a new country, here are some of the ways you can raise money:
Start a Cause
Get your heart pumping with a fundraising clause for your study abroad or relocation dream. You can decide to race, dance, read-a-thon, or speak for a cause. For instance, 44-year-old Kunle Adeyanju left London and arrived in Lagos, Nigeria, with his bike. He completed the arduous 41-day trip to raise funds to fight polio in Nigeria after crossing 13 countries and speeding through 8,000miles.
While you may not try this fundraiser because you want to relocate from your country, you can start a noble cause that can raise money for your travel.
Think of an Affordable Country
The amount you spend in your quest to relocate depends on the country you choose. The first challenge you might face is the exchange rate against your local currency. However, with Pay4Me, you can save more when you make your visa, tuition, and other foreign fees.
It would help if you considered countries with a low cost of living, including affordable housing and food. Some countries in South America or Asia can offer you this luxury.
Apply for Scholarships and Grants
We can tell you that grants are significant. With grant, you can get free money for your relocation needs. Ensure that you search for grants months before you start applying to relocate.
If you cannot get a grant, scholarships can make the magic for you. If you are a student, you should consider fellowships, grants, or scholarships for your study abroad funding.
Here are some of the largest platforms for your study abroad:
· Fulbright Scholarship: The scholarship offers 2,000 grants to students in more than 140 countries annually.
· Gilman Scholarship: The Gilman Scholarship provides international students grant to study or intern in more than 149 countries.
· Boren Awards for International Study: You can use this program for your long-term study abroad.
Start a Crowdfunding
Why not start a crowdfunding project for your relocation quest? While many people use this fundraiser for their medical bills or causes, you can create a unique one for your study abroad or relocation support.
You can never tell how complying your story might be to the public if you don't try. So here is a way to do this:
1. Make sure that you craft a compelling fundraiser story that tells people why you need to make this life-changing move. Don't forget to display the educational value.
2. It will help if you read the stories of other study abroad fundraisers who succeed with this option. Learn how they achieve their quest.
3. Highlight the expenses you tend to raise money for to ensure people understand why you need the actual money.
4. Share your fundraiser on social media.
5. Talk to close friends and family members with a persuasive fundraising letter.
Get a Side Hustle
If your regular job may not provide you with the complete fund to relocate abroad, you may consider starting a side hustle while holding your full-time job. Find a side hustle that would not affect your job and start. For example, you can become a chef, a professional photographer, or a night trader on stock or crypto. Find something that can put more money in your pocket.
These five tips can help you relocate abroad. Don’t forget to use Pay4Me in making your international payments.