Preparedness for all the expenses you may incur during an education in the USA can help you sail through your university years. Factoring in all areas of expenditure, even if it is something small like the cost of buying books, will let you plan accordingly. And once you know how much money you will need towards tuition and living costs in the USA, you can take appropriate steps towards arranging for the funds well before you get on the flight.
Broadly, you need to incorporate the following costs when you calculate a budget for your study in USA.
This is the bulk of your foreign education expenses. In the USA, cost of studying is certainly on the higher side compared to some other countries, but it is well worth it for the excellent research and internship opportunities it opens up for you. Tuition fees vary widely depending on the course you take and the university you go to. Annual tuition fees may range anywhere between $5000 and $50,000.
Accommodation types for students fall into three categories: on-campus accommodation, off-campus accommodation and living with a host family. Living on-campus is the most expensive among these, but if you want to be in the center of student activity even after regular college hours, it would be a great option for you. Living with a host family is a good idea for undergrad students as they get the local support they need, but it is again slightly costlier than living off-campus.
Budget in at least $10,000 per year for the basics like food and transportation within your city. This cost will vary a little based on which state you are going to.
Include the cost of flying to and from the US. Return tickets to India during a non-peak-season may cost about $1500. Besides traveling back home, you may want to make the most of your stay in the States by exploring the cities around. So do reserve some funds for that too!
If you have never lived alone before, you will be surprised by how much these apparently small costs add up to. Plan for them in advance to avoid any bad surprises.
Student life is incomplete without the weekend fun. After long weeks of hard work, you will need some time to chill with your new friends, and however prudent you try to be here, there is no avoiding a bit of expenditure on rejuvenation drills.
At Kanan International, we can help you arrange for the funds for your study in USA. We, can, on your behalf, give you the best scholarship options you can apply to. In addition, if you need to go for a student loan, we can steer you towards the best schemes available in the market. Contact us for an A to Z guidance on foreign education!