For Indian Students in USA and students planning to start a life in USA the financial factor is as important as the course they are planning to take part in. USA like any other foreign country can be tough if you are not aware and adjusting towards its lifestyle and culture. With Culture and a life in USA come the load of financing your life and thus it becomes very important to know about the cost of living in USA beforehand.
The tuition costs to study in USA and living costs vary 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 $5,000 and $11,000 dollars per year. In addition to paying tuition, you need money for traveling, course literature, and personal expenses.
The tuition fee varies according to different universities, courses, and the city. The tuition expenses in US might be up to $10,000-$30,000 per year for an undergraduate course. And if you are thinking of applying for a postgraduate course, the cost would be $15,000-$55,000 per year approximately. It’s important to note that the cost of a program in a US school does not necessarily affect its quality. It can vary from as low as $5,000 per year for state universities to as much as $50,000 per year for some private universities.
On an average, a student spends approximately $10,000–$12,000 per year. But the expenses also depend on the place where a student stays. If a student stays in a metropolitan city like New York, San Francisco, Chicago etc. the expenses could go up to $15,000 in comparison to a student studying in the suburbs where the expenses would be around $8,000-$10,000 per year.
Insurance Policy is mandatory for international students, as students have to stay abroad for a long period of time. Insurance costs are generally around $500-$1,000 per year. Before getting an insurance make sure that it covers medical expenses, personal accident, dental treatment, study interruption, passport loss etc. Insurance is basically cashless so a student does not need to pay money at the time of hospitalization.
Life in USA might be tough but would be easier when there’s a friend nearby.