Calculation method of study abroad guarantee fund:
Study abroad guarantee fund
Because there are some differences in price and consumer index in different countries, the amount of economic security for studying abroad is different. Except Germany, the applicant's financial guarantee can be calculated by the following formula: ((average consumption level/year+tuition fee/year) × planned years of studying abroad )× (20% ~ 50%).
Judging from the current situation, the cost of studying in Britain and the United States is the highest, so the guarantee is also high. Applying for studying in Canada, Australia and New Zealand costs about RMB 800,000-6,543,800+for one year, so applying for an undergraduate course (four years) needs nearly RMB 500,000-600,000. To apply for studying in Japan, you generally need 3 million yen (about 2 1 000 RMB) as a guarantee for studying abroad. To apply for studying in Germany, because its public universities are free, no matter how long the study time is, the applicant only needs to provide12,500 marks (about 50,000 yuan) as a study guarantee. Some Southeast Asian countries don't even need any proof of economic guarantee.
Therefore, I would like to remind every applicant to choose a country of study according to their own economic ability, and never follow blindly, otherwise they will not be able to obtain a visa smoothly. In addition, the author also advises those applicants who intend to improve their study abroad guarantee by borrowing money to be cautious on this issue. Without follow-up financial support, their studies may fall by the wayside.