The number of international students in the US has been increasing every year as large number of students opt United States as the place they want to broaden their experience and continue their education adding to its popularity among international students every year despite of it’s huge cost.
As per HSBC’s 2016 report, The Value of Education: Foundations for the future, the US has emerged as the top choice even among parents considering university abroad for their child. But yes as the most expensive with the average annual cost of tuition fees to study in the US is estimated around $33,215.
Kindly begin arranging for funds now and do a personal calculation of all the costs to make sure that you have enough in your budget before your child arrives in the USA and begin researching sources of financial aid well in advance. Some scholarships are available to international students to help them cover costs while they study in USA as it remains among the most expensive choices.
Let us give youproper information on all the costs that you may approximately incur while you are thinking to study in USA in 2017 or 2018.
ESTIMATED COSTS FOR INTERNATIONAL STUDENTS, 2017-18
|Liberal Arts & Sciences||Business||Engineering||Nursing||Pharmacy|
** Living expenses are estimated for 12 months.
Business international students third- and fourth-year business students pay $30,366 approximately.
Engineering international students second-year engineering students pay $28,700; third- and fourth-year engineering students pay $30,210 approximately.
MS vs MBA fee for International Students:
An MS program fee is relatively less as compared to MBA program. Depending on the number of credits for MS program fees can vary anywhere between $7000 to over $21,000 and more depending on the public or private school and the program you apply. The tuition fee for MBA is much more than MS program, especially for private schools. For state schools, it can be anywhere around 30,000 USD per year or about 60,000 USD for full program for international students. The living expenses may vary based on the place and school you go to. Most of the international students who study MS stay outside with friends sharing apartment. Depending on how you lead your life the cost of living for a month can vary anywhere from $300 to $1000. For a semester of 5 months, the living expense varies from $1500 to $5000 based on the city you live and your lifestyle. If you want to save money on living expenses, you have to apply to schools in smaller towns and NOT big cities. Also, you should be having more roommates to save money. But, having more roommates has its own disadvantages. If you stay on-campus in student dorm rooms, the expense may go quite high as well and it can range from $700 to over $1200 depending on the school. It is your preference based on your financial situation.
Both the tuitionfees and living costs keep on varying considerably between different universities/colleges, educations and cities. Tuition is usually between $5,000 and $50,000 per year. Costs for food and living are normally between $8,000 and $12,000 dollars per year. Additionally to paying tuition fees, you would also need money for personal expenses, transportation and course literature. These expenses may be daunting, but there are a number of support systems in place for students to get financial assistance. Thousands of students avail funding for college in the USA through grants and loans. Loans are amount of money borrowed that must be paid back with interest (interest rates are usually low for students). Grants are gifts of money which do not need to be paid back. However, grants often have stipulations such as maintaining a certain grade point average to keep the money.
Many students may also be eligible for scholarships, which must be earned, whether through academic merit, athletic talent, or civic performance.
Many UI students hold on-campus jobs and the work opportunities are available to them. Students can be paid about $8.20 per hour and can avail work in a laboratory or in food service.
Generally, students in F-1 and J-1 status are allowed to work 20 hours per week on campus during the fall and spring semester and 40 hours per week during school breaks when classes are not in session. A student in J-1 status has to first receive written permission from the responsible office for their J-program to work on campus.