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Studying abroad offers seniors a unique mix of learning and adventure—this guide highlights key cost of living factors to consider when planning an educational journey overseas.

For some, retirement is no longer just about golf courses and calm, quiet mornings—many seniors aged 65 and older choose to continue their education and experience new cultures by studying abroad. Whether it’s marking “learning how to speak Italian in Rome” or “taking an art history course in Paris” off their bucket list, studying abroad offers intellectual stimulation and adventure.

But before packing your bags, it’s beneficial to take into consideration the cost of living abroad, especially when living on a fixed retirement income. This also includes knowing which Medicare provider offers international coverage or the right amount to have saved up before leaving on your adventure.

Tuition and Educational Program Costs

Seniors often qualify for reduced tuition or free courses at public universities, especially in Europe! For example, several countries like Germany, France, and Norway offer low-cost or tuition-free education for international students, regardless of their age. In addition, many learning institutions offer continuing education programs tailored to older adults. Senior citizens should also research language schools or cultural immersion programs, which are typically more affordable and flexible in their course requirements.

Housing and Accessibility

Comfortable and safe housing is a top priority for seniors studying abroad. Older adults may need accommodations that are not only affordable but also senior-friendly, such as ground-floor units, elevators, grab bars in bathrooms, and secure neighborhoods.

While student dorms may be available, seniors aged 65 and older may not be interested in this type of housing. Instead, short-term rentals or off-campus serviced apartments may offer better comfort and convenience. Costs vary widely by location, so you’ll want to take into account where you want to study abroad. Cities like Lisbon or Chiang Mai offer budget-friendly options, while places like London or Tokyo can be much more expensive.

Healthcare costs and coverage options

One of the most important (and often misunderstood) topics for seniors thinking of studying abroad is health insurance, especially Medicare. You can expect to pay 100% of healthcare costs abroad since Original Medicare offers very limited coverage for those traveling outside the U.S. for certain emergencies only. You will also not want to disenroll from Part B when going overseas, or you could be hit with late enrollment penalties for going a certain amount of time without creditable coverage. Some Medicare Advantage plans offer limited emergency coverage abroad, but routine care is typically not covered. Additionally, if you move outside of your plan’s service area, your plan can drop your coverage. Seniors should strongly consider purchasing a standalone international health insurance policy that includes emergency care, hospitalization, and prescription drug coverage while abroad.

Everyday Living Expenses

From groceries to transportation and electricity bills, everyday costs can add up quickly. Seniors on a fixed income should carefully research the average cost of daily living in the city they intend to study in. Southeast Asia and parts of Eastern Europe offer a lower cost of living, allowing your dollars to stretch further, while Western Europe, the UK, and major Asian cities tend to be more expensive. Using local transportation and buying your groceries at local markets to cook at home can reduce costs compared to relying on imported goods or ride-sharing.

Transportation and Mobility

Getting around safely and affordably is important, especially if you intend to attend classes almost every day. Research the reliable and accessible public transportation to your destination. Many cities abroad offer senior discounts on trains, trolleys, and buses.

Cities with high walkability, like Florence or Kyoto, are often ideal for older adults who prefer a slower pace and easy access to cultural attractions. On the other hand, rural areas may offer lower housing costs but require car rentals or taxis to get around—another added expense.

Planning for Leisure and Emergencies

Studying abroad is as much about learning as experiencing a new culture. Budgeting for casual, everyday activities like museums, cooking classes, or weekend trips is important—these moments make the journey meaningful! On the other hand, emergency funds are equally crucial. Always set aside money for unforeseen circumstances like emergency medical care or last-minute flights home.

Final Thoughts

Studying abroad after 65 is not only possible—it’s incredibly enriching. Seniors bring a lifetime of experience and curiosity to the classroom. To fully enjoy the experience, it’s important to carefully consider the cost of living while studying abroad, including their healthcare coverage beyond Medicare.

With thoughtful planning, seniors can live comfortably, learn passionately, and explore the world in this exciting new chapter of life.