Study Abroad: How much money do you need to study at a US university?

recently, Video A video of an Indian student from Hyderabad went viral, in which he was seen bleeding profusely. In America he was beaten and robbed.

After this the American President Joe Biden Said that the US administration is working very hard to stop such attacks against international students from India.

There is no denying the fact that the US, along with Canada and the UK, remains one of the most sought-after study destinations among Indian students for higher studies including undergraduate and postgraduate programmes.

The number of international students going to America from India increased by 35 percent All time high of 268,923 According to the Open Doors Report (ODR), in 2022-23. Of the more than one million foreign students in the United States, more than 25 percent are Indian students.

Here, we present an estimate of the costs involved in studying abroad at a US university.

Basically, the cost has two parts: one is the tuition fee and the other is the cost of living.

As one might expect, tuition fees comprise the majority of the cost depending on the course you plan to undertake.

Course fees vary widely depending on which university you choose. For example, a less prestigious or state university costs less while top private universities charge far more.

management education

Management degrees are one of the most sought-after qualifications in American universities. It may burn a hole in your pocket, but since it is a highly employable qualification and increases your employability to a great extent, students do not mind spending huge sums of money to pursue a management degree from an American university. it occurs.

Again, the fees vary from university to university. The cost of an MBA at Harvard is $1,15,000 (approximately Rs 92 lakh per year in US dollar equivalent) 80) That is, all around Rs 1.8 crore for a two-year course.

But if you go to a state university, such as Arizona State University, the total fee is $107,923 i.e. approx 86.33 lakh.

Bachelor Degree

As mentioned above, course fees vary widely depending on which educational institution you choose. For example, an MS in Computer Science at the University of Chicago will make you anywhere between $59,337 and $79,116 poorer (i.e., between 47 lakh more 63 lakh).

Kent State University, on the other hand, charges approximately $20,000 per year in tuition fees, which is equivalent to only 16 lakhs in Indian currency.

F-1 Visa (Academic Student) Proof of Funds: You have to show the funds in the account of your parents or even your blood relative. If it’s blood related, you have to show the relationship. Relatives include grandparents, aunts and uncles. More than one sponsor may also be included in the fund show.

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Published: March 27, 2024, 08:50 PM IST