How Much Does it Cost to Study Abroad?
Studying abroad opens up numerous chances. However, the cost of studying abroad for Indian students depends on the country you desire to relocate to. Students wishing to study overseas should first learn how to handle their finances. The expense of living in a foreign country can be higher than expected at times.
Top institutions in certain foreign nations may have hefty tuition prices and costly lifestyles, necessitating massive savings or education loans. In such situations, logical planning and critical thinking are required. This post will explore the cost of studying abroad for Indian students, nations with the lowest tuition costs, better career chances, highest healthcare benefits, and more.
Know the Cost of Studying Abroad for Indian Students
- Canada
When compared to other nations, the cost of studying abroad for Indian students in Canada is high. Moving to Quebec, Ottawa, or Montréal could help you save money; Calgary or Vancouver are the most expensive cities in Canada.
The Bachelor and Master’s fee ranges from INR 4,00,000 per year to INR 76,00,000 per year.
Student housing ranges in price from INR 14,000 to INR 36,000, while university-sponsored housing costs between INR 23,000 and INR 46,000 a month. Pay between INR 17,000 to INR 40,000 approximately if you intend to share a room.
- Australia
Australia is one of the most popular and sought-after places for higher education. Some of the world’s top universities are located in Australia. Due to its high standard of living, good quality of life, profitable future employment opportunities, research opportunities, and comparably low educational expenditures, the nation draws many international students. In the labour market, Australia welcomes its university graduates.
The fee structure for Bachelor’s and Master’s degrees for different universities varies, but the average cost is around INR 26,00,000 to INR 35,00,000.
It is, without a doubt, one of the most popular places to pursue higher education, with more than 700,000 Indian students.
The average monthly cost of housing in Australia ranges from INR 64,000 to INR 1,00,000. It costs INR 1,00,000 in Sydney, INR 98,000 in Melbourne, and INR 79,000 in Perth to stay in a hotel.
Australia has a moderately priced food market. In Australia, the price of groceries can range from INR 7,000 to INR 15,000 each week.
Students in Australia can afford the expense of transit because they qualify for discounts. But in Australia, shipping costs can range from INR 1,000 to INR 3,000.
- USA
The United States of America (USA) is called the “Land of Opportunities” because it offers its inhabitants and immigrants a wealth of opportunities to construct successful lives. The nation takes pride in having some of the best universities in the world. Numerous students are drawn to these institutions by their high standards of instruction and worldwide exposure.
The fee structure for Bachelor’s and Master’s degrees for different universities varies, but the average costs are around INR 9,00,000. In the USA, a month’s lodging costs approximately INR 14,000. However, where you reside, and the neighbourhood you choose to live in also plays a role. You can live alone, with other renters, in a flat or a dorm the institution provides (if any).
In the USA, travel expenses range from INR 20,000 to INR 51,000.
The annual cost of meals prepared at home will be about INR 1,00,000. It can end up costing more to eat out.
- Germany
One of the top five most sought-after places to study abroad in Germany. Compared to other European nations, looking in Germany is less expensive. Germany is one of the most popular locations for international students due to its emphasis on providing high-quality education and tuition price abolishment laws.
Believe it or not – the fee structure for Bachelor’s and Master’s degrees averages around INR 12,000 per semester to INR 26,000 per semester.
Depending on where you decide to stay, lodging costs vary. Frankfurt and Cologne are relatively reasonable compared to Hamburg, Munich, and Berlin’s high prices. Between INR 63,000 and INR 89,000 are charged as the rental fee.
A weekly increase of about INR 4,500 is incurred for meals. If you dine out each day, the cost can increase slightly.
You must pay about INR 7,000 each month for travel. The cost-effectiveness of public transport makes it the favoured choice.
While studying in Germany, you can also work. You’ll be able to save more!
Thus, consider your choices before choosing a country to pursue your dreams of!
For further information and guidance about the cost of studying abroad for Indian students, you can contact First Edu India’s top professionals and counsellors for additional guidance and advice.
For further information and guidance about the cost of studying abroad for Indian students, you can contact First Edu India’s top professionals and counsellors for additional guidance and advice.
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