Stepping on the path of study abroad, Finance is the substantial determinant for every aspirant. Nowadays, there is scarce choice accessible to the aspirants available in terms of support of funds to study abroad.
The primary financial components to study abroad are the aspirant’s tuition fees and living cost, which differ for each country chosen for studies. The average cost can come between $30,000 to $40,000 per year.
Apart from the aforementioned elements, students must also include one-time Supplementary costs like Local Visa Fees, Air Travel, initial transition costs in overseas city, Initial Deposit for Lease of apartment or deposit for ‘on campus’ accommodation and some more basic expenditures.
Aspirants from India, Nepal, Sri Lanka and other subcontinent countries, education loans are offered by some nationalized Banks and some private Banks or financial institutes. Total cost of the studies combined with the living costs overseas, education loans are granted by the banks whereas nationalized banks offer low interest rates for such loans. Procedure to avail loan is very in facilitated manner of the banks and financial institutes.
| Collage (P.A) | University (P.A) | |
|---|---|---|
| UG Course | 12,000-14,000 | 15,000-22000 |
| PG Course | 12,000-14,000 | 15,000-22000 |
| Living Cost (as per govt rules) |
$10,000 | $10,000 |
| Collage (P.A) | University (P.A) | |
|---|---|---|
| UG Course | 16,000-17,000 | 18,000-25000 |
| PG Course | 16,000-17,000 | 18,000-25000 |
| Living Cost (as per govt rules) |
$15,000 | $15,000 |
| Collage (P.A) | University (P.A) | |
|---|---|---|
| UG Course | $19,000 | 22,000-28,000 |
| PG Course | $19,000 | 22,000-28,000 |
| Living Cost (as per govt rules) |
$15,000 | $15,000 |
| Collage (P.A) | University (P.A) | |
|---|---|---|
| UG Course | 9,000-11,000 | 34,000-37000 |
| PG Course | 9,000-11,000 | 34,000-37000 |
| Living Cost (as per govt rules) |
$12,000 | $12,000 |
| Collage (P.A) | University (P.A) | |
|---|---|---|
| UG Course | 18,000-22,000 | 15,000-20,000 |
| PG Course | 18,000-23,000 | 15,000-20,000 |
| Living Cost (as per govt rules) |
$10,000 | $10,000 |
| Collage (P.A) | University (P.A) | |
|---|---|---|
| UG Course | 5,000-9,000 | 8,000-12,000 |
| PG Course | 8,000-12,000 | 8,000-12,000 |
| Living Cost (as per govt rules) |
7200/1000* | 7200/1000* |
Another prominent method to incur the education cost, however this is more driven towards specific admission criteria of each individual institutes. Typically students with high academic or sports background ten to receive higher scholarships. Scholarships varies from small part of the Tuition fees or living cost support to Full scholarships for students where Total Tuition Fees and Living is supported by the Institute.
There are liberate bodies and education trusts, which provide scholarships to aspirants who have strong academic background but are incapable to avail high costs of education overseas.
