High school graduates often dream about accomplishing two essential goals once their diploma is in hand. They want to travel to foreign countries and obtain their college degrees.

“How much is THAT going to cost,” ask concerned parents. Travel and college studies may seem mutually exclusive, but some students may find that a willingness to travel abroad to get a college degree will cost them far less than studying at a U.S. School.

The least expensive university in the U.S. is Brigham Young University – Provo with an annual tuition rate of less than $6,000. That includes room and board, too. Small class sizes and plenty of available financial aid make this school a top choice for affordability in the U.S.

How surprised would you be to know that you have even more affordable choices around the world? Here are some of the world’s most affordable universities:

University of Bergen

Although the cost of living in Bergen is higher than in New York City, students may find that the price justifies the means. Annual living expenses average $17,000. Tuition at Norwegian universities is free, which means that the only expenses you’ll occur while studying abroad is your living costs.

Tecnológico de Monterrey

This university is anchored in beautiful Monterrey, Mexico, but it has satellite campuses throughout the country. Tuition costs average $5,000 annually, and room and board will set you back $6,000 a year. Prices for getting a college degree in Mexico are similar throughout the country, although you may find it more expensive to live in Mexico City.

Universiti Malaya (UM)

If you’ve wanted to attend school in Asia, consider Malaysia as your number one choice for value and affordability. Tuition is less than $4000 annually, and you can expect to pay less than $4300 a year for living costs. The University of Malaysia continuously improves its rankings among colleges in the world, but there are other universities here to consider as well, such as the University of Nottingham (UK) and University of Southern California – School of the Cinematic Arts (US).

Options for Graduate School

Affordability isn’t limited to just undergrads. Graduate students seeking options that are easy on the wallet can find plenty of affordable universities around the world. Many of them offer online courses, as well.

Students interested in an MBA program in the U.S., for example, can find plenty of colleges with annual tuition rates of less than $8,000 annually. Living expenses are additional, of course.

Candidates interested in studying abroad can find more affordable options, though. King Abdullah University of Science & Technology in Saudi Arabia (KAUST), provides a free education (including tuition, living expenses and medical care) through subsidized financial aid.

Thanks to some of the most affordable universities in the world, you can live abroad and get your degree at the same time, more economically than studying in the states.

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