Norway

Money matters

A cautionary note: Banking and money matters are your responsibility. The program does not have the means to aid you if you find yourself without funds.

The currency in Norway is the kroner. You can check daily exchange rates online.

Cost of living information

Regardless of your nationality, you must be able to support yourself financially to study in Norway. It is estimated that you need at least NOK 13,790 per month or NOK 151,690 per year (as of 2024/25) to cover your living expenses in Norway. Students from outside the EU/EEA/Switzerland are required to show proof of funds to obtain a study permit.

Earning money in Norway

If you earn income while abroad, check the U.S. IRS website to see if you need to file a tax return on foreign-earned income.

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