The cost of studying abroad includes destination, universities, course of study, and lifestyle you want to adopt. Below are some key expenses and average costs for studying overseas.
Cost Breakup to study abroad
Studying abroad is a dream for many but are not sure how much money they need to get into the right college and course.
Tuition Fees:
USA
- $20,000 – 50,000 per annum for a course at an undergraduate level
- $20,000- 45,000 per annum for a course at a graduate level
UK
- Average tuition fees in the UK: Between £10,000 to £26,000 for undergraduate programs.
- Between £11,000 to £32,000 for graduate programs.
Canada
- CAD 15,000- CAD 30,000 per year (For Undergrads to Graduate).
Australia
- AUD 20,000 to AUD 45,000 per year for undergraduates
- AUD 22,000 to AUD 50,000 per year for postgraduates.
Germany
- Public universities usually have very low or free tuition fees, private/independent could cost 10 to 20 K EUR for an academic year.
Living Expenses
- USA: $10,000 – $20,000 a year in the USA (variable according to location and lifestyle).
- UK: AU $16,347–$21,796 per year
- Canada: 10,000 CAD to 15,000 CAD a year.
- Australia: 18,000 to 25,000 AUD per year.
- Germany: 8000€ — 11000€ per year
Additional Costs:
- Health Insurance: $500 to $1,500 per year (country dependent)
- Books: $500-$1,000/year.
- Transport: Depends on how far and how often you travel
- Visa Processing Fees: between $160 and $550 depending on the country.
Miscellaneous Costs
USA
- Register with College Board: $12 per registration + SAT Fee: $47(+$31 with essay) application Fees: $50 to $200 university
- Fees for Standardized Tests: TOEFL, IELTS, GRE, GMAT, etc., $200 – $300/test.
- Tuition Fees: $30,000
- Living Expenses: $15,000
- Health Insurance: $1,000
- Study Materials: $750
- Travel and Visa Fees: $2,000
- Total: $48,750/year
Germany
- Tuition Fees: €500 (state-based)
- Living Expenses: €9,000
- Health Insurance: €1,000
- Study Materials: €500
- Travel and Visa Fees: €1,500
- Total: €12,500 per year
Funding and Scholarships to study abroad
Students who are exceptionally good academically and wish to study abroad but have no means to fund for themselves, there are some options open:
- Academic student scholarships: There are quite a lot of universities that provide financial aids and scholarships to international students based on academic accomplishments, the university course become eligible for such assistance you should check for one.
- Private Scholarships: These are scholarships offered by organizations and foundations who fund student grants like the DAAD, Rotary International or the Gates Foundation.
- Student loans: Conditionality: the ability to cover tuition fees and maintenance loans from banks or financial institutions.
- Grants and Fellowships: Many universities offer research grants and fellowship opportunities for eligible candidates.
Which Are The Best Study Abroad Programs?
The perfect courses to study abroad allow global career opportunities and hold an international legacy and unique learning experience. Some of the best courses are as follows:
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Business and Management:
Courses in international business, finance, marketing, and management are preferred due to global relevance and strong career avenues.
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Engineering:
Popular fields like civil, mechanical, electrical, and computer engineering have demand globally and most of the universities come with state-of-the-art research facilities.
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Computer Science & IT:
The world needs developers, data scientists, artificial intelligence, and cybersecurity programmers.
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Career Pathways:
Medical degrees, nursing, public health, and biomedical sciences are high-priority global industries leading to opportunities in Medicine and Healthcare.
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Law:
Learn about useful law schools focusing on international law, human rights law, and corporate law abroad, to pursue a career in the global legal field and understand the world with different legal orders.
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Environmental Science and Sustainability:
As the earth faces increasing environmental threats, climate change, renewable energy, and sustainable development have become pressing topics.
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Hospitality and Tourism Management:
This field is boosted by international internship opportunities in top tourism destinations.
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Social Sciences:
International relations, history, languages, and cultural studies degrees provide extensive ethnic knowledge bases and versatile careers in arts and humanities.
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Architecture and Urban Planning:
If you want to study either of these two fields abroad, you will have an opportunity to learn from different architectural styles that are coming forth as well as urban planning systems.
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Fashion and design:
Studying abroad fashion design, interior design, and industrial design freely exposes students to worldwide trends and globally leading fashion capitals.
However, the course that is right for you depends on what career you want, your interests, and which universities & especially countries offering the best programs in a particular field. Program ranking, staff, and industry relations research determine the best course for your study abroad effort.
Conclusion
Studying abroad entails individual costs. The cost depends on your chosen area, institution, and lifestyle. Be sure to do comprehensive research and financial planning to afford all fees and avail of any financial aid/scholarships so you can get a cheaper yet productive experience studying abroad.
FAQ’s
Who Is the Best Study Abroad Consultant in Noida?
Eduler is one of the best overseas education consultant in Noida due to its comprehensive and personalized approach, experienced team, and high success rate in securing admissions to top universities worldwide. They offer end-to-end services, including career counseling, university selection, application assistance, and visa support, ensuring that students receive expert guidance at every stage of their journey.
Which are the best countries to study in?
The USA, UK, Ireland, Germany, Canada, and Australia are some of the countries that are suitable for studying as they offer quality education at an affordable price.
Which Is the Most Preferred Degree in the USA?
Computer science, Accounting, business administration, finance, and nursing are some of the preferred degrees in the USA.
What are the eligibility criteria for pursuing an MBA in the USA?
Each institute may vary in criteria but the basic things like a bachelor’s degree from an authorized college, GMAT score, and TOEFL or IELTS are basic requirements.
What should i look for while choosing foreign education consultants in Noida?
Reputation, experience, services provided, transparency, accreditations, success rate, accessibility are the main things to look for while hiring a study abroad consultant in Noida.
Also Read our Previous Article: Which Degree Is in Demand Abroad?
