Managing Your Student Finances in Morocco
Plan your budget effectively with this guide to tuition fees, living costs, scholarships, and financial requirements for studying in Morocco.
Morocco Student Money Guide
Tuition per year
Free at public universities. FGSES master's: up to MAD 72,500 a year. Al Akhawayn University (AUI) charges by the credit.
Money topics
Read each guide for the details.
Example campus costs in Morocco
These are example prices from one university. Use your own university's prices.
Essential Monthly Expenses
A private room on campus.
Cheaper campus prices: breakfast MAD 15, lunch MAD 25, dinner MAD 20.
Banking in Morocco
After you arrive, you must register with the police for a residence card (your permit to live in Morocco for more than 90 days). For this you need a Moroccan bank account.
- If you have an AMCI scholarship, you collect your grant money at the bank counter and show your passport.
Why you need a Moroccan account
- The police ask for a letter from your Moroccan bank that proves you have an account (attestation bancaire) when you apply for the residence card.
Money Transfer Options
Bank Wire Transfers
Traditional bank-to-bank transfers using SWIFT/BIC codes.
Money Transfer Services
Services like Wise, Remitly, Western Union, and MoneyGram.
Common Payment Methods
Cash
Keep some cash on hand for small purchases and emergency situations. ATMs are widely available.
Smart Financial Tips
Expert advice to help you manage your finances effectively while studying in morocco
Budgeting
Use your university's own prices for rooms and meals.
Add the fee for the residence card (the card from the police that lets you stay in Morocco for more than 90 days): MAD 100 (Moroccan dirhams) for each year the card is valid. It is a government tax.
Saving money
AMCI students can ask AMCI for a room in a public university residence.
Eat at campus restaurants, where your university has them. Prices are cheaper because the university pays part.
Pro Tips for morocco
Currency Management
- • Monitor exchange rates and transfer money when rates are favorable
- • Use multi-currency cards to avoid conversion fees
- • Keep some local cash (MAD) for emergencies
Local Financial Culture
- • Learn about local tipping customs and practices
- • Understand tax obligations for international students
- • Explore local student financial support programs
Remember: Financial planning is key to a successful study abroad experience. Start planning early and don't hesitate to seek advice from financial advisors or your university's international student services.
Complete Guide to Morocco
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