As we enter 2024, the dream of studying abroad is big for Indian students. But, let’s face it, figuring out the money side can be challenging. With costs rising, we’re here to help you find where you can get a good education without breaking the bank. This Abroadin article talks about cost of studying abroad for Indian students in six different countries. Our guide is your go-to for understanding how much it costs to study abroad.
In this guide:
- Australia, Cost of Studying Abroad for Indian Students
- Canada, Studying Abroad Expenses for Indian Students
- Germany, Cost of Studying Abroad for Indian Students
- UK, Studying Abroad Expenses for Indian Students
- US, Cost of Studying Abroad for Indian Students
- Conclusion
Australia, Cost of Studying Abroad for Indian Students
The quality of education, diverse culture, and beautiful landscapes make Australia an attractive and worthwhile choice for international students.
In 2023, India was Australia’s second-largest source country for international student enrollments, with over 95,000 Indian students pursuing their studies across various universities and institutions.
Although the cost of living in Australia tends to be higher, the overall expenses for studying in Australia remain more budget-friendly compared to the USA, UK, and Canada.
These are some estimations about the cost of studying in Australia for Indian students:
| Expense | Average Cost in Rupees |
| Tuition Fee | 1,000,000 per annum |
| Accommodation | 24,500 to 60,500 per month |
| Food | 27,500 to 55,500 per month |
| Miscellaneous | 20,000 to 30,000 per month |
| Total | 155,500 to 229,500 per month |
Pre-arrival costs, including airfare, exams, college applications, and visa charges, are approximately 162,000 rupees.
To ease study costs, international students can explore various scholarships like the following:
- ANU Chancellor’s International Scholarship,
- Gates Cambridge Scholarships,
- UNSW’s Future of Change Scholarship,
- and UWA’s Global Excellence Scholarship.
The Australian student visa allows part-time work, offering students valuable experience, though income for amounts exceeding 1,000,000 rupees is taxable.
Canada, Studying Abroad Expenses for Indian Students
In 2023, India was Canada’s most significant source country for international student enrollments, with over 226,000 Indian students pursuing their studies across various institutions.
A significant portion of the overall cost of studying in Canada is attributed to tuition fees at Canadian universities.
The specific amount of tuition varies based on the type of qualification and the institution an applicant selects for their studies in Canada.
These are some estimations about the cost of studying in Canada for Indian students:
| Expense | Average Cost in Rupees |
| Tuition Fee | 1,900,000 per annum |
| Accommodation | 23,500 to 45,000 per month |
| Food | 18,000 to 24,500 per month |
| Miscellaneous | 20,000 to 30,000 per month |
| Total | 219,500 to 257,500 per month |
Beyond tuition fees, expenses fluctuate based on the institution, chosen program, and individual lifestyle.
Pre-arrival costs, including tests, registration fees, and flight tickets, should be considered, along with purchasing a Guaranteed Investment Certificate (GIC) and study permit expenses.
When selecting a college, students can estimate tuition fees, witnessing a 4.9% increase in the average. With varying costs across provinces, understanding the province-based tuition fees aids in making informed choices.
Germany, Cost of Studying Abroad for Indian Students
In 2023, India was Germany’s third-largest source country for international student enrollments, with over 35,000 Indian students pursuing their studies across various universities and institutions.
In Germany, many government universities provide education for free, no matter where you’re from. It makes it one of the most affordable places to study in Europe.
But, there might be some fees when you apply, and if you’re going for a Master’s degree without finishing your bachelor’s in Germany, you might have to pay tuition fees.
These are some estimations about the cost of studying abroad for indian students:
| Expense | Average Cost in Rupees |
| Tuition Fee | 250,000 per annum |
| Accommodation | 21,000 to 64,000 per month |
| Food | 4,500 to 12,500 per month |
| Transportation | 2,500 to 7,500 per month |
| Miscellaneous | 18,000 to 27,000 per month |
| Total | 67,000 to 132,000 per month |
A government plan implemented in 2014 abolished tuition fees for all students, including international ones.
While a semester contribution fee of approximately 30,000 Euros covers student union, public transport, and administrative costs, private universities may charge around 3,000,000 rupees annually.
Course fees vary, with vocational or diploma courses bachelor’s, and master’s degrees costing around 30,000 rupees per year. Pursuing an MBA in Germany is cost-effective, especially at state-funded universities with no tuition fees.
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UK, Studying Abroad Expenses for Indian Students
The UK has a rich tradition of embracing students from all over the world, providing Indian students with an academic and living experience that is unparalleled globally.
It is made possible by a cost of living that is within reach, an inclusive and diverse culture, and an environment that is safe and conducive to students’ needs.
These are some estimations about the cost of studying in the UK for Indian students:
| Expense | Average Cost in Rupees |
| Tuition Fee | 970,000 per annum |
| Accommodation | 43,000 to 60,000 per month |
| Household Bills | 3,500 to 4,500 per month |
| Food | 8,500 to 17,500 per month |
| Transportation | 2,500 to 3,500 per month |
| Miscellaneous | 17,000 to 26,000 per month |
| Total | 155,500 to 192,500 per month |
In the UK, the cost of education primarily hinges on tuition fees, a significant element of the overall expenditure. Among prominent private universities, those in England often charge around 940,000 rupees for various courses.
In Buckingham, MBA or MIM courses typically range from 1,400,000 to 1,600,000 rupees, while 3-year BBA courses may cost around 1,740,000 rupees.
London-based universities may have fees from 1,850,000 rupees for B.Sc courses to 2,500,000 rupees for MIM courses.
For public universities, prestigious institutions like Oxford, Cambridge, Imperial College London, London School of Economics and Political Science, and University College London have average tuition fees ranging from 1,150,000 to 1,850,000 rupees annually.
US, Cost of Studying Abroad for Indian Students
Substantial tuition fees primarily dominate the cost of education in the USA. Nevertheless, these fees fluctuate depending on the selected course, degree program, and university.
While tuition is a considerable aspect, financial aid, and scholarship opportunities can help alleviate the expenses for students pursuing education in the United States.
These are some estimations about cost of studying abroad for indian students:
| Expense | Average Cost in Rupees |
| Tuition Fee | 4,000,000 per annum |
| Accommodation | 65,000 to 75,000 per month |
| Food | 8,000 to 11,000 per month |
| Miscellaneous | 30,000 to 50,000 per month |
| Total | 433,000 to 466,000 per month |
Despite its high living expenses, the USA is a favored destination for Indian engineering students. Engineering degrees in the USA range from 3,000,000 to 4,000,000 rupees per year.
Notable universities include MIT, Harvard, Caltech, and Stanford, with annual fees varying. Popular engineering specializations include Software, Petroleum, Civil, Environmental, Mechanical, and Chemical Engineering.
English language exams like TOEFL or IELTS, costing around 14,000 to 15,000 rupees, are mandatory. Application fees range from 5,500 to 7,000 rupees, and sending TOEFL scores costs approximately 1,500.
The student visa application costs around 13,000 rupees, and airfare varies from 40,000 to 70,000. USA universities also offer scholarships for tuition, accommodation, travel, and health insurance.
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Conclusion
As we wrap up this exploration into the cost of studying abroad for Indian students in 2024, remember: your dream is closer than you think. Abroadin’s guide decodes the prices, trends, and top picks, making quality education accessible. From Australia to the US, we’ve spilled the beans on expenses.
Your journey begins with knowledge, and we’re here to guide you every step of the way. If you have any questions, feel free to leave a comment below.
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