Financial advice for Kenyan students in the EU

Studying in the EU is the dream of thousands of youngsters worldwide, specifically Kenyan students. While you always see some exciting TikTok or Reels about romanticising the life of international students in Europe, there are hidden challenges—one of them is finance management. Calculating expenses, searching for part-time job opportunities, and, at the same time, trying to enjoy your student years requires careful planning. Here's a comprehensive guide with financial tips for students and examples of EU scholarships for international students to help you nail your international student experience.

Start with a realistic budget

Creating a budget is essential for Kenyan students to manage their finances as pros. Begin by listing all scholarships, stipends, or family support—and estimating rent, groceries, transport, and leisure expenses. Once you know where you gain and where you lose, it’ll be easier to adapt your budget to specific needs.

Use budgeting apps like Mint or YNAB, some people prefer using Google Sheets or paper notes. Try different options and find the one that makes tracking your budget less stressful.

Don’t spend it all at once: remember about the day when you unexpectedly need money—keep your budget flexible.

Apply for scholarships early

Scholarships can significantly ease your financial burden. The EU offers several options:

• EU scholarships for prospective students: cover tuition fees and living expenses in some cases.
• Erasmus scholarship for non-EU students: This prestigious program provides funding for students pursuing exchange or degree programs in Europe. Erasmus communities throw amazing parties and events to make students’ life fuller and funnier. You’ll not feel left out.
• Country-specific EU scholarships for international students: You can search for them all over Europe. Here are some of the EU scholarships for international students:

1. DAAD Scholarships in Germany
2. Eiffel Excellence Scholarship Program in France
3. Holland Scholarship in the Netherlands
4. Swedish Institute Scholarships for Global Professionals in Swede
5. Italian Government Scholarships (Italy)

Applying early increases your chances of securing funding, so monitor deadlines and gather your documents in advance.

Choose the best EU country for international students

You probably already have specific countries in mind, but have a look at three student-friendly options:

Germany

Known for low or no tuition fees, Germany is a great option for Kenyan students. In cities like Berlin and Leipzig, you’ll meet many active students to befriend and also find part-time job opportunities. Overall, Germany and Kenya are on good terms, so this country will feel comfortable.

Poland

Poland is a hidden gem for students dreaming about getting a European diploma without breaking the bank. Finding a job in Poland is also less complicated than you may think.

Portugal

With affordable living expenses, mild weather, and welcoming locals, Portugal is another excellent choice.

But remember that selecting the best EU country for international students depends on your goals and preferences. Think carefully, as it may drastically change your life.

Master money-saving habits

Being a student doesn’t mean you need to splurge to enjoy life. Here are some money-saving hacks:

• Shop smart: Students can get discounts on transport, meals, and entertainment (for example, the Louvre is free for those under 25 years old who hold an EU resident permit).
• Cook at home: Preparing meals at home is significantly cheaper than eating out. Explore local markets for fresh and affordable ingredients.
• Second-hand shopping: From clothes to furniture, second-hand stores in the EU offer quality goods at a fraction of the price. For example, you can easily find cheap basic clothing in Berlin.

Work part-time

You can work part-time in most cases. It will not affect your academic performance, yet it will open more opportunities to travel and explore European life. Some of the options include jobs in retail, hospitality, or on-campus roles or, if you can drive, consider taxi and delivery jobs. Plan ahead and choose an industry in which expats in Europe can obtain high salaries.

However, read your scholarship and visa requirements carefully—usually, there’s a limit on how many hours you can work as a student.

Leverage financial tips for students

Kenyan students can benefit from this tried-and-true financial advice for students studying in the EU:

• Go to a local bank: Avoid hefty conversion fees and receive your wage.
• Use cashback apps: Many EU countries have cashback programs for everyday purchases.
• Plan your travels: Search for cheap flight/accommodation/entertainment options to explore Europe on a budget.
• Save on sending money back home: use Profee for unmatched rates and 0% fee for all transfers.

Stay informed

The EU regularly updates its scholarship offerings and funding opportunities:

• Check university websites for the latest EU scholarships for prospective students.
• Research Erasmus scholarships for non-EU students, as they often include travel allowances and monthly stipends.
• Approach Kenyan organisations that support students abroad.
• Search for more financial advice for students.

Final thoughts

Use these financial tips for students to save money, get the most out of your student life and create precious memories about this chapter in your story. Remember, the best EU country for international students isn’t just about affordability—it’s where you feel supported, inspired, and empowered to succeed. And while you’re abroad, remember to support your family with fast and secure Profee transfers.