EVALUATING THE TRUE COST OF STUDYING ABROAD

Insight

Caxton has partnered with wealth management and luxury lifestyle brand Spear’s to conduct a unique study that looks into the true cost of studying abroad, taking into account not just the associated financial factors, but the cultural and social benefits that such a move brings.

With the cost of attending university in the UK spiralling in recent years, we are increasingly looking overseas to broaden our knowledge and experience. This study reveals that educational institutions across the continent, for example Lund (Sweden) and Maastricht (Netherlands) universities, as well as in further afield cities, such as Melbourne and Peking, can offer much greater value from both a fees and cultural perspective, whilst still ranking highly in education and employability tables. Take the cost of accommodation, for example – to live in some of the UK’s most popular university towns and cities can be an astronomical expense, but overseas educational hotspots like Lund (avg. inner-city apartment: £175,241.46) and Maastricht (£147,527.52) can offer much better value without sacrificing on the quality of education and experience.

As with any large foreign currency transaction, the impact of exchange rates can be significant. This is where Caxton Premier can help with decades of expertise in advising our HNW clients on international payments. Whether you are looking to support a child’s overseas university ambitions, searching for a thriving cultural hub to explore as a mature student the new Caxton Premier service can potentially save you thousands on the cost of your overseas degree course. Those last minute expenses are all taken care of by simply moving money onto your Caxton Card – ensuring the same great rates while they are there. At the highly ranked Stanford University, for example, where the cost of a four-year degree (including living costs) can total £180,756, students potentially save £3,702 with Caxton Premier.

Caxton Premier is specially designed to deliver a personal and dedicated relationship manager service, hedging expertise and rate transparency. So, with Caxton’s experts ensuring the most beneficial exchange rates for transfers, you can focus more on how to make the best use of your funds.

Visit www.spearswms.com to view the full study.

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