The USA is undoubtedly a popular study abroad destination for international students. This country is known to welcome thousands of students for every new academic intake. Top-Notch Academia and vibrant career prospects have been among the top reasons for students to choose this country. Irrespective of your study institution, the USA experience will be unmatched.
Moving to a different country to study comes up with a lot of new monetary matters. To have an idea of the cost to study in the USA, we assure you that this article will provide you with all the necessary information pertaining to this topic.
Cost of Higher Education in the USA
The cost of higher education in the USA varies from institution to institution. The tuition fees of public universities are lower than private institutions. Let’s dive into understanding the average cost of higher education in the USA.
1. Undergraduate Degree
The undergraduate degree in the USA usually has a course duration of 4 years. The cost of tuition fees depends on the study program selected by the study abroad aspirant. Generally, subjects like engineering, science, and business have higher tuition fees as compared to subjects like humanities and education.
The average annual tuition fees for undergraduate degrees range between $10,000 – $40,000.
2. Postgraduate Degree
Studying Masters in the USA is a dream of many students. This country offers thousands of postgraduate courses that interest many students to pursue their degrees in the USA. Computer Science, Information Technology, Applied Sciences, Engineering, Business, Management, and Healthcare are some of the popular course options that international students prefer to study in the USA.
The average annual tuition fees for postgraduate degrees range between $12,000 – $60,000.
Annual Cost of Living in the USA
The next major expense that the student needs to understand is the annual cost of living in the USA. This will obviously depend on the student’s standard of living and budget. To give a clear understanding of the average annual cost of living, we have mentioned the costs below.
1. Accommodation - $10,000
2. Food - $ 8000
3. Transportation - $ 3000
4. Books and Supplies - $ 10,000
5. Bills and Miscellaneous Expenses - $ 2000
6. Student Health Insurance - $1,000 – $1,500
Pre-arrival Costs in the USA
The Pre-arrival Costs in the USA includes application fees, language proficiency test, standardized tests, students visa, SEVIS fees, etc. The average pre-arrival costs to study in the USA are given below.
1. University application fees – $ 50
2. IELTS exam fee – INR 15,500
3. TOEFL exam fee - $190
4. GRE fees - $213
5. GMAT exam fees – $275
6. Student visa – $160
7. SEVIS – $350
Ways to Finance Your Studies in the USA
Now that you are aware of the average cost of studying in the USA. Let’s discuss the ways to finance studies in the USA. There are multiple ways to fund your education in this country. To cover the expenses, you can apply for scholarships or take overseas education loans. There are several scholarships for international students in the USA that are merit-based, partially or fully funded scholarships.
Overseas education loans are also easily available for studying in the USA. Based on the student’s profile the loan is sanctioned by the financial institution. Overseas education loans cover the entire cost of studying in the USA.
The USA is a leading study destination among international students. Studying here will provide an excellent student experience and open doors for abundant opportunities.
So, if you are planning to go for undergraduate and postgraduate study programs in this country, you can connect with any of the best overseas education consultants for application assistance.
