Staying at home has a cost! Whatever you do!
Personal funding
High quality international university training opens the door to a prosperous career. For students and their families, financing studies is a profitable, short term investment!
Staying at home has a cost, whatever you do. Spending money on studies is not overspending, it is an essential cost. It is estimated that in any country one needs €300 per month to live, that is almost €7,500 for 24 months which can be invested in studies abroad.
Students can also negotiate a bank loan which will easily be repaid after the course, once they find employment.
Internships in France
Internships are a compulsory part of Master’s degrees. They usually take place in companies and internships of 2 months or more are paid (at a minimum of €420 per month). On average, internships last 6 months, which makes minimum earnings of €2,500 in the 2 years in France!
Warning: Studies are equivalent to working full-time, continuously. It is not recommended to spend too much time and effort on non-school work!
Temporary work and part-time jobs
Under French law, students are authorised to work part-time, up to 17 hours per week.
Foreign students can therefore find part-time employment such as giving private language lessons, working in a restaurant etc.
Students are requested to inform the school of their employment.
A year out
This is an intermediary year, between M1 and M2, spent entirely with a company. The student remains registered with the school, retains student status and social security cover but has a job with the company.
The job is remunerated. The amount depends on the company, but remuneration is obligatory. It can vary between a legal minimum of 420 Euros and over 1000 Euros net, per month.
It’s a wonderful professional and cultural experience, the opportunity to make contacts for subsequent employment and great help with financing studies in France. Finding a company with which to take a year out is not automatic: the school internship department can help students, but, like finding internships, students need to be proactive and dynamic and make contacts of their own accord. The year out is subject to approval by a panel at the end of M1 period.
Earnings from the year out are not taxed but should be declared to the French fiscal authorities.
Personal investment, plus the salaries from internships comes to around €10,000. The remaining €23,000 can be financed with grants.
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