Studying in the US – Cost estimate

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What will be the budget for studying in the USA? Here are some pointers to expenditure types.

Pre-departure Expenditure

When we talk about the budget for studying in the US, we also have to consider the amount you will spend before departure, during the application process.

i) University Application Fee

The fee will vary from USD 30 to USD 110 (INR 2,004 to INR 7356). You will also need to mind the courier charge you will have to incur since most universities in the US require your hard copy documents such as recommendation letter, transcripts etc. in hard-copy.

ii) Entrance Exam fee

To qualify for a degree admission in any US universities, you need to take a standardised admission and English language test. Undergraduates will need to take IELTS/TOEFL and SAT; graduate degree applicants will have to take the IELTS/TOEFL and GRE/GMAT depending on the type of programs that is being chosen.

For a more detailed information on this, you can refer to our previous comprehensive article on “Which Exams Should be Cleared if you Want to Study in the US?

Exam Cost Purpose Qualification
TOEFL INR 11,358 approx(USD170) English language test Graduate & Undergraduate
IELTS INR 11,300 approx English language test Graduate & Undergraduate
SAT INR 7,015 approx (USD 105) Standard admission test Undergraduate
GRE INR 13,795 approx (USD 205) Standard admission test Graduate (non-business)
GMAT INR 16,743 approx (USD 250) Standard admission test Graduate (Management)

iii) Visa Fee

Before you apply for US student visa, you are required to get the certificate of eligibility for nonimmigrant (F-1) student status also known as form I-20. The fee for getting the form I-20 is USD 200, approximately INR 13,338. Once received, you can apply for visa and book your appointments. The visa fee will account to USD 160 (approx INR 10,671). The total cost of a visa application process tallies up to of USD 360.

To know more about this process in details, you can read “Quick Guide: The US Student Visa Process for Indian Students”.

Total Cost of Attendance

If you are looking forward to pursuing a graduate or undergraduate degree in the US, you must already have had a rough idea of the approximate cost of studying in the US. But if you haven’t looked that up yet, here is an estimated cost of attendance based on- Tuition and fees, average living cost and mandatory insurance cost.

Undergraduate Cost of Attendance

Tuition and Fees 20,000 – 30,000 (USD)
Average Living Cost(On Campus) 15,000 – 20,000 (USD)
Insurance: 2,000 – 2,500 (USD)
Total Cost of Attendance: 37,000 – 52,500 (USD)

 

Graduate Cost of Attendance

Tuition and Fees 15,000 – 25,000 (USD)
Average Living Cost (Off Campus) 12,000 – 18,000 (USD)
Insurance 2,000 – 2,500 (USD)
Total Cost of Attendance 29,000 – 45,500 (USD)

The tuition and fees will vary from university to university, and also on the subject course, you have chosen. The quotes figures are for reference only.

If you have narrowed down your course and the university, you can simply access the university’s net price calculator since every university in the US is legally required to have a fee and financial aid calculator on their website. This will help you get a rough idea of how much the course will cost you. With the same calculator, you can also check if you are eligible for any financial aid.

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