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The USA, being the dream destination of worldwide students, is emerging as a top choice to be made by parents for sending their child to study abroad. No doubt that the USA has everything that one should be running behind. Academic excellence and pioneering technology are one of the most sought attributes of higher education which are present in the Education system of America. American Universities provide a perfect environment of in-depth research and industry skills. Because of such standardized education, the USA is the most expensive among other countries. While planning to study abroad, it is worth scrutinizing how much it is going to cost on average!
The total cost of studying abroad not only includes the fees that university will be taking but your living and traveling expenses also. So let us analyse all the costs one by one.
The fees of public universities are low for residents but for international students, these are also very expensive. Here is a table that will brief you about the fee structure of both private and public universities according to the number of years that course is of.
These figures are average values that are estimated after considering the fee structure of all American universities. Although, different universities have different tuition fee that widely depends upon the nature of course. Many of you will be eager to know the total cost of study at Harvard University. According to the statistics for the year 2020-21 of Harvard University for Master Degree and PhDs,
Full Tuition Fee ( first two years of study) = $49,448
Reduced Tuition Fee ( third and fourth year of study) = $12,858
Facilities Fee ( post fourth year of study) = $3,272
Active File Fee (minimum charge for approved non-resident status) = $300
Harvard University Student Health Plan (HUSHP) fees = $1,206
*The Computational Science and Engineering (CSE) and Data Science master’s programs have different tuition structures than other degree programs in the Graduate School of Arts and Sciences:
Ø Computational Science and Engineering master of science (SM): $54,880 (each year of the two-year program).
Ø Computational Science and Engineering master of engineering (ME): $54,880 (first year); $27,440 (second year). Ø Data Science master of science (SM): $54,880 (first year); $27,440 (second year – one term only)
Ø Computational Science and Engineering master of engineering (ME): $54,880 (first year); $27,440 (second year).
Ø Data Science master of science (SM): $54,880 (first year); $27,440 (second year – one term only)
(These figures are subject to annual increase).
Similarly, other Universities are also having slight variations in their fee structure.
Apart from the fees that you have to pay to university, there are a lot of living and traveling expenses that you have to consider while planning and funding your overseas education. Some of them with an estimated cost are listed below:
Renting of an Apartment will vary between $300-$600.
Electricity charges $20.
Internet Facility $15
Petrol for car $75
Groceries for home-cooked meals $150
International calling charges $15
Weekend activities $100
Books and study material will cost you around $500-$1000 per year
Traveling charges within the country will vary but can be estimated as $300-$700.
Also, there might be some medical emergencies, and costs for the same cannot be estimated in advance. You have to pay for travel costs also between India and the US every vacation. There are miscellaneous expenses also. So, on an average, you can survive with $700-$1000 per month.
With these trends in cost, Indian students who either belong to any rich family or fund themselves with any financial aid can prefer going to such an expensive Country.