Intro
Many international students after finishing high school
think about going abroad for higher education. However, studying in a foreign
nation/foreign university can be very financially draining. Why? Because you
will need to bear many expenses if you plan to study in a foreign country. So,
today we are going to share with you the different costs that you will need to
incur to study abroad. This will help
you determine how much money you will actually need if you seek to study
overseas.
Average Cost of Studying in a Foreign Country
The cost of studying overseas can vary depending on the
study destination you choose for finishing your training. For instance, many
countries offer education to students without charging a single penny.
Moreover, it also depends on various other factors such as your lifestyle,
living expenses, etc. But on average, you might require around USD 6000 to
45,000 to study at a foreign learning institution. Following is the amount of
money that you need to study at some of the most popular study destinations:
·
USA: $35,000
·
UK: £38,000
·
Russia: 122,500 rubbles
·
Argentina: USD 15,000
·
Spain: €1,200. To learn about the best Spanish
training institutes in which you can complete your education feel free to
contact our education
abroad consultants.
Studying Overseas Expenses
Studying in a foreign nation is extremely expensive. Why?
Because you have to bear many other expenses other than tuition fees for it.
Thus, you must create a proper budget if you are planning to study in a foreign
nation. Following are the different expenses that you will need to pay if you
want to study in a foreign nation:
1. Tuition Fees
Most foreign universities charge hefty fees for their
learning programs. Thus, you must have a lot of money if you seek to study in a
foreign study destination. Following is the tuition fee that different
countries charge for their programs from international students:
·
USA: $60,000
·
China: $2000
·
Canada: $15,750
·
Australia: $35,730
2. Textbooks and Supplies
Most foreign universities include the cost of textbooks and
supplies in tuition fees. However, many universities charge extra money for
textbooks/supplies from students. On average, you will need around $1000 per
month to cover your textbooks/supplies costs overseas. Following is the amount
of money you need to cover your textbooks/supplies costs in different
countries:
·
USA: $1240
·
China: $100
·
Canada: $1500
·
Australia: $1,080
3. Accommodation
Rent can significantly increase your cost of studying in a
foreign country. However, if you do your research you can easily find
affordable accommodation in any country. Following is the average cost of
accommodations at the most popular study destinations:
·
USA: $3100/month
·
China: $1000/month
·
Canada: $500/month
·
Australia: $600/month
4. Living Expenses
The cost of living in a foreign study destination depends
entirely on your preferences and lifestyle. For instance, if you love to live a
luxurious life then you will need lots of money to cover your living expenses.
However, if you a maintain simple lifestyle then you can easily reduce your
cost of living in a foreign nation. Following is the amount of money that you
need to meet your living expenses in different countries:
·
USA: $18000
·
China: $10,000
·
Canada: $15,750
·
Australia: $19,288
5. Transportation
Transportation cost is another big factor that can influence
your cost of studying in a foreign nation. But this cost can vary depending on
the mode of transportation you are using for traveling in the nation. For
instance, if you use public transport then your transportation cost will not be
that high. However, if you use cabs for traveling in the nation then you will
need lots of money to cover your transportation cost. Following is the average
cost of transportation in different countries:
·
USA: $130
·
China: $20
·
Canada: $80
·
Australia: $150
6. Visa Fees
Before you can travel to any foreign nation for education
you must get a visa. However, to get a study permit from any nation you will
need to pay a specific visa fee. Following is the visa fees that different
countries charge for granting visa to students:
·
USA: $510
·
China: $90
·
Canada: $210
·
Australia: $420
Scholarships to Study Abroad
As said earlier pursuing your training in a foreign nation
can create a big hole in your pocket. But don’t lose hope a lot of financial
aid programs are there for students who seek to finish their training overseas.
Following are some of the most popular scholarships when it comes to studying
abroad:
·
Benjamin A. Gilman International Scholarship
Program
·
CIEE Study Abroad Scholarships & Grants
·
USAC Scholarships
·
The Intern Group Global Leadership Grants
·
CEA Study Abroad Scholarships. To learn about
CEA Study Abroad Scholarships in more detail feel free to contact our Study
abroad consultants in India.
Conclusion
Now you are aware of how much it may cost you to study in a
foreign nation. So, make sure you have sufficient funds if you plan to complete
your studies at a foreign study destination. However, if you feel it's
extremely expensive to study in a foreign nation then you can apply for a
financial aid program. By doing this you can easily make your education in a foreign
nation/country economical.