Study in US: How expensive is studying in America? Know how much will be the cost from admission to living and food

Studying Cost in USA: It cannot be denied that America is the first choice of Indians for studying abroad. Not only for bachelors and masters, but Indian students also prefer to go to America for research. The number of Indian students studying in America is also increasing every year. Out of 10 lakh foreign students studying in different universities of America, about 25 percent i.e. about 2.5 lakh students are from India. However, studying in America is not everyone’s cup of tea. The main reason for this is the cost of studying there. The highest amount is for the course fee. This fee depends on which course you are taking admission in. The expenses incurred in America can be divided into two parts. The first is the tuition fee and the second is the cost of living and food. In such a situation, let us know how much a student spends while studying in America.

How much does it cost to study in America?

Management degree is one of the most sought-after degrees in American universities. Even though you have to spend a lot of money while studying management, this degree also increases your chances of getting a job. This is the reason why students are ready to spend lakhs and sometimes even crores of rupees to study courses like MBA. The fees of every university for management degree are different.

The fee for one year of MBA studies at the world’s most prestigious Harvard University is $1.15 lakh, which is approximately Rs 93 lakh in Indian rupees. The MBA course is of two years, the total fee of which is more than Rs 1.8 crore. However, if a student takes admission in a state university, the fee is reduced to a great extent. For example, the total fee of MBA at Arizona State University is $1.07 lakh, which is approximately Rs 87 lakh.

Apart from MBA, the fees of other courses are also in several lakhs. For bachelor’s studies also, students may have to spend 50 to 60 lakh rupees. In this way, the maximum money is spent on studies only. Where the fees go in lakhs.

How much does it cost to live in the US?

America is also counted among the most expensive countries in the world. If you do not live a very luxurious life, then the cost of living in America for an international student is between $ 12,000 (about Rs 9 lakh) to $ 20,000 (about Rs 17 lakh) annually. The rent of a small room is about $ 500-700 per month. If we add another $ 500-600 for transport and food, then the total monthly expense becomes $ 1,000-1,300 (about Rs 84 thousand to Rs 1.10 lakh). But this is a rough estimate. It can be more or less if you live in different cities.

Funds have to be shown for visa

When a student visa is granted in the US, the student has to show proof of funds to manage his/her expenses. Details of money in the bank have to be shown so that it can be proved that when the student goes to the US, his/her expenses will be met with this money. Showing the bank account details of your parents or close relatives also works. By close relatives, we mean grandparents and uncles and aunts.