How to Make a First Korea Study Budget

Turn the costs you have identified into a practical Korea study budget you can check, discuss and improve.

A Korea study budget is a working estimate, not a final prediction. Use this page to organise tuition, housing, living costs and one-time expenses for your expected study period. Start with realistic ranges and update the figures when you receive official information from universities or other providers.

Work with realistic ranges, not perfect numbers.

When an exact amount is not yet available, use a sensible minimum and maximum.
Mark the figure as uncertain and replace it later with information from an official source.

Decide what period your budget covers

Before adding amounts, decide what your first budget is meant to show.
• One semester
• One academic year
• The first year of a full degree
• A complete language programme
The period from application until the end of your first semesteris the most useful starting point.

Keep long-term study costs visible.

For a multi-year degree, make a detailed budget for the first year and a broader estimate for the remaining years.
Do not assume that tuition, rent or exchange rates will stay unchanged.

Need help identifying the right cost categories?
Review which costs to include, when they may need to be paid and what can make your budget higher or lower.

Your first cost overview

Add the costs that apply to your study plan.
For each amount, record when it must be paid and whether it is confirmed, estimated or not yet checked.

View the costs of studying in South Korea

Korea Study Budget

Step 1 — Build your cost estimate

Start with the amounts you know. Estimates are fine at this stage. Use the same currency for every amount.
What period does this budget cover?
Enter the currency name or three-letter code, for example GBP, CAD or AUD.
nclude application fees, translations, certified copies, legalisation and document delivery.
Use the amount for your programme and study period.
Include deposits, dormitory prepayments and basic setup costs.
Enter the expected housing cost for one month.
Enter the number of months covered by this budget.
Monthly housing cost multiplied by the number of months in your budget.
Include food, local transport, phone and ordinary personal expenses for one month.
Enter the number of months covered by this budget.
Monthly living costs multiplied by the number of months in your budget.
Include expected insurance premiums and healthcare costs.
Include international travel, airport transport and other major travel costs.
Include temporary accommodation, bedding, household items and initial setup costs.
Money reserved for unexpected costs, not for ordinary monthly expenses.
Add other costs that are not included above.
The total of all estimated costs for the selected study period.