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Studying Abroad Is Costly, But Not Impossible: Experts On Smarter Financial Planning

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Studying Abroad Is Costly, But Not Impossible: Experts On Smarter Financial Planning


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Experts urge students to begin financial planning 18–24 months before studying abroad, factoring in all costs, buffers, and realistic job prospects.

From Fees To Living Costs: How Students Should Plan Finances For Studying Abroad In 2026

Getting a good education is becoming costlier, especially when it comes to higher education. For those students planning to study abroad, the cost of education increases manifold times, because of the associated costs of living, accommodation and food in a foreign, developed country.

Middle class students tend to dream of studying in a foreign institute, but the cost barrier makes him/her reconsidering it. However, proper financial planning and support will catapult the young ones to achieve their dreams of studying abroad.

Experts say students aiming to study abroad in 2026 should treat education as a long-term financial decision, not a last-minute expense.

Start early, think long term

From a personal finance point of view, planning should ideally begin 18–24 months before the intended intake, says Neeraj Saxena, MD & CEO of Auxilo Finserve. This window helps families realistically map the full cost of education, including tuition fees, visa and travel expenses, living costs, health insurance and emergency buffers.

Starting early also allows room to plan for post-study costs, such as living expenses during the job-search period. Saxena notes that early planning gives families time to build savings, compare funding options and secure better loan terms instead of rushing into costly decisions.

Rajesh Narayan Kachave, Chief Business Officer – Student Lending International Business, Avanse Financial Services, also adds that students should begin financial preparation well before application deadlines. Early planning helps align course selection, funding strategy and long-term career goals, especially as tuition and living costs have risen sharply across global destinations.

Calculate the real cost, not just fees

One common mistake is focusing only on tuition. Experts advise students to calculate the total cost for the entire course duration, not year by year. This includes education fees, accommodation, food, utilities, local travel, insurance, visa costs and one-time pre-departure expenses.

Saxena recommends keeping an extra 5–10 percent buffer to manage currency fluctuations and inflation. Kachave adds that destination-specific requirements, such as insurance or mandatory deposits, should also be factored in, along with a separate emergency fund for unexpected situations.

Avoid common money mistakes

Experts warn that chasing university rankings without understanding actual costs and job prospects can lead to long-term financial strain. Families often overestimate post-study salaries and underestimate how competitive global job markets have become.

To reduce risk, Saxena suggests aligning loan amounts with realistic salary expectations, choosing destinations with strong post-study work policies and keeping at least one semester’s expenses liquid. Kachave adds that relying fully on family savings or delaying documentation can create avoidable pressure.

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Middle East war affects tens of thousands of bookings, Lastminute says

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Middle East war affects tens of thousands of bookings, Lastminute says



Travel agent Lastminute.com said war in the Middle East has impacted some 17,000 bookings, while holidaymakers are shifting towards alternative destinations like the Canary Islands and Sardinia.

The website, which offers holiday packages to destinations including Dubai and Abu Dhabi, said it was having to “adapt quickly” to travellers changing their preferences in light of the conflict.

The US-Israeli war with Iran, which escalated at the end of February, led to disruption and cancellations of some flights to Gulf states including the United Arab Emirates, Saudi Arabia and Qatar.

The airspace closures, coupled with consumer sentiment when it comes to travel taking a hit, affected approximately 17,000 bookings, Lastminute revealed.

It said the total volume of affected travel around the region is currently the equivalent of about a day and a half of its normal daily operations.

Despite the conflict influencing where and when people choose to book trips, the “overall intent to travel remains high”, according to Lastminute.

Consumers have been seeking reassurance and flexibility, and early booking patters indicate a shift in the preferences of travellers.

It noted increased demand toward alternative destinations such as Spanish archipelagos the Canary and Balearic Islands, Italian islands Sicily and Sardinia, and other European city breaks.

Lastminute’s chief executive Alessandro Petazzi said: “We continue to closely monitor the evolving situation in the Middle East, with supporting our customers remaining our top priority.

“At the same time, Lastminute.com’s flexible, pan-European model enables us to adapt quickly as travel patterns evolve, with demand naturally rebalancing across destinations.”

The Netherlands-based company reported a 15% jump in revenues to 361 million euro (£315 million) for the 2025 financial year, compared with the year before.

Adjusted earnings before tax and other costs increased by a third to 55 million euro (48 million).

The company said it was remaining “vigilant” against the geopolitical situation in the Middle East, but added that it was sticking to forecasts of a roughly 10% increase in revenues and profits in the year ahead.



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Oven Pride firm McBride sees ‘first signs’ of supply shortages due to Iran war

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Oven Pride firm McBride sees ‘first signs’ of supply shortages due to Iran war



Oven Pride household goods group McBride has revealed “temporary” price hikes to cover increased costs from the Iran war and warned it was seeing the first signs of supply shortages caused by the conflict.

The group, which makes branded and white label household and cleaning products for the likes of Tesco and Sainsbury’s, said until now it had only seen a small impact from higher haulage costs due to fuel price rises, but said “these conditions have now started to change”.

It said the “most heavily impacted” chemical and packaging suppliers are pushing through price increases as they face rising costs for petrochemical-derived feedstocks and higher energy costs in chemical and packaging production.

“The first signs of possible shortages in supply chains around the world are beginning to emerge,” it added.

McBride said its costs are increasing this month and will rise further due to the war, and is set to lift prices to offset the hit.

“The group has already informed all customers about temporary price adjustments, or surcharges to current pricing, to recover these higher, beyond our control, cost impacts from the Middle East conflict,” McBride said.

The warnings come amid mounting worries over the impact of the conflict on supply and costs, having sent oil prices surging above 100 US dollars a barrel and causing widespread disruption to global shipping.

Supermarkets met with Chancellor Rachel Reeves and Energy Secretary Ed Miliband at No 11 on Wednesday to look at issues caused by the war and agreed to explore together how to ease the cost-of-living impact for consumers.

McBride’s comments came in an update as it also announced a £34.5 million deal to buy Eurotab – a French-based specialist in cleaning tablets, such as for dishwashers.



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Tiger Woods won’t captain 2027 Ryder Cup team as golf future remains uncertain

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Tiger Woods won’t captain 2027 Ryder Cup team as golf future remains uncertain


Tiger Woods of Jupiter Links Golf Club looks on before the match against the Los Angeles Golf Club at SoFi Center in Palm Beach Gardens, Florida, March 24, 2026.

Adam Glanzman | TGL Golf | Getty Images

Tiger Woods’ future in professional golf remains unclear as he seeks treatment after a rollover car crash last week.

Woods was arrested for a DUI after the accident in Jupiter Island, Florida, his second rollover in five years, and said in a statement on X that he would be stepping back from golf “to return to a healthier stronger, and more focused place.”

Woods did not provide a timeline for his return, only that he would be stepping away for a “period of time.”

On Wednesday, the PGA of America announced that Woods will no longer serve as captain of the 2027 U.S. Ryder Cup Team.

“We support his decision,” the PGA of America said in a statement on X. “We commend Tiger for prioritizing his long-term health and deeply respect the courage it takes to make such a personal decision.”

The latest developments leave Woods at least temporarily at the fringes of the sport that made him a household name. The golf community has rallied around the sport’s biggest star as he vows to “focus on his health,” and the PGA Tour said in a statement that Woods has the organization’s full support.

“Tiger Woods is a legend of our sport whose impact extends far beyond his achievements on the course. But above all else, Tiger is a person, and our focus is on his health and well‑being,” the tour said.

Off the course, Woods has been serving as chairman of the PGA Tour’s Future Competition Committee since August. That group has been responsible for creating a vision for the future of professional golf.

A PGA Tour spokesperson said that Woods will return to that role when he is ready to do so.

Golf Channel analyst and former tour pro Brandel Chamblee suggested it could be time for Woods to consider retirement following his latest accident. Woods, 50, has been recovering from various injuries sustained in his car crash in 2021.

“Why would he need to play golf anymore?” Chamblee asked Friday on the Golf Channel’s “Golf Central.” “I think he should probably ask himself that. Consider not playing golf anymore.”

Until Friday’s accident, Woods held onto hope that he would compete in the upcoming Masters Tournament this month.

Augusta National Golf Club Chairman Fred Ridley confirmed this week that Woods would not play.

“Although Tiger will not be joining us in person next week, his presence will be felt here in Augusta,” Ridley said. “Augusta National Golf Club and the Masters Tournament fully support Tiger Woods as he focuses on his well-being.”

TGR, Woods’ education foundation, said it remains committed to serving its students and communities.

“Our thoughts are with our founder as he takes the time needed to focus on his health,” its CEO Hrag Hamalian said in a statement.

Woods’ apparel brand, Sun Day Red, also voiced its support this week.

“He is not just our partner, he is our friend. We are here for him and we remain focused on the work we are building together,” the company said in a post on the Meta-owned Threads platform.

TGL, the indoor golf league founded by Woods and Rory McIlroy, declined to comment about Woods’ hiatus and potential return.

Woods made his first TGL playing appearance of the season for the Jupiter Links team last week in front of a notable audience. ESPN said nearly 1 million viewers tuned in to watch Woods’ return, making it the largest audience this season.

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