The United States of America is home to the largest international student population. It offers various prestigious degrees but is also notorious for its high tuition fees. So, it is best to know the different costs you will have to bear during your time in the USA.
Here are the costs you need to make a budget and manage your living expenses.
1. Tuition Fees
Your tuition fees are where you will spend most of your money. Universities here fall under two categories. Public or state-owned universities are comparatively less expensive than private universities.
Your cost will vary depending on the type of education, degree and program. If you get admitted to a public university, you will have to spend an average of $25,000 per year. For private universities, the fees can go up to $50,000 per year.
The most expensive courses are engineering, business and MBBS. Liberal arts courses are usually cheaper. Fees for postgraduate degrees are higher, and MBAs are the most expensive.
2. Accommodation Costs
Once you have decided where you want to study, you have to figure out where you want to stay. Most universities have on-campus accommodation for international students.
On-campus accommodations can cost about $5,000-$8,000 annually. You also have the option of renting an apartment. Single bedroom apartments usually cost about $500-$2,500 per month.
On average, no matter where you stay, you will have to spend $5,000-$15,000 on accommodation, including utilities.
3. Miscellaneous Expenses
For your transportation pass, you will have to pay $40-$60 monthly. If you own a vehicle, petrol can cost about $2.30. For your academic supplies, you will have to spend about $1,000 each semester. Depending on your diet, your grocery shopping will cost you about $20-$70 each week.
Remember, these numbers will vary depending on the type of university, accommodation and lifestyle you choose. Be sure to consider all these to make a budget that fits your finances before going to the USA for higher studies.