How Much Does it Cost to Study in the US?

About the USA:

America is a place where the world’s top and feature universities are established to provide a world-class education to the students. The cost of studying in America will be depending on many factors. Firstly the cost is for tuition and also for the cost of living. Then the college must be having a scholarship available for the students who are qualified in the entrance exams and fulfill the general eligibility rules and also about the traveling and VISA procedures.

The student needs to know about all the FAQs about insurance for health and for the police, the communication, transportation, the study material for the best subjects they select and the placement they are looking for. Some students will be doing part-time jobs to earn an average salary to find more support from their side.

 What is the Cost of living in United States of America?

The cost of living includes food, dressing, transportation and other personal expenses. Usually, the students are provided with accommodation by the university and they can search for a new one in a year. Some of the top and featured universities will be providing Host family accommodation services to the students. This will be expensive for living.

There are many agencies that explain the FAQ’s about the VISA procedure and general eligibility rules for scholarships and the list of different universities that offer best subjects of you interest and about the universities that provide grants on the basis of the grades. So you need to be careful with these agencies also.  These consultancies also help in knowing about the scholarship available for your qualifications and the average salary your family is earning. There are both private and public universities in America. These universities will be offering different cost of tuition fees, a public university will be less when compared to the private university.

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And when it comes to the subjects engineering courses will be less expensive and the management programs like MBA and other courses like medicine will be more expensive as these include some research and training. The health insurance which includes medical treatment and it is compulsory for every student to apply for this health insurance facility.

While the US is the dream destination for most students across the globe who wish to pursue higher education, even the thought of soaring cost of study in US holds them back.

Thinking how much does it cost to study in the US? Here’s the answer. Although the basic cost of study is undoubtedly high, there is a wide choice of funding options and scholarship programmes available in the country that makes education considerably affordable.

Cost of study in the US

Studying in top tier US universities, majority of which happen to be private non-profits, can be an expensive affair as the fees and living costs can sum up to approximately US$60,000 per year. However, students need not get disheartened with this whooping figure as it is possible to study in the US at a much lower cost too. The public universities in the country charge lower tuition fees making them the ideal choice for students seeking affordable education in USA. The average fees at US universities 2016-17 is as follows:

  Public two-year colleges Public four-year colleges (in-state fees) Public four-year colleges (out-of-state fees) Private non-profit four-year colleges
Tuition and other fees $3,520 $9,650 $24,930 $33,480
Accommodation cost

 

$8,060 $10,440 $10,440 $11,890
Total (per year) $11,580 $20,090 $35,370 $45,370

After adding transportation cost and other living expenses to the above mentioned total cost, College Board estimates the education cost in USA in 2016-17 to be :

  • $17,000  for community college
  • $24,610  for in-state students at a four-year public college
  • $39,890  for out-of-state students at a four-year public college
  • $49,320  for private non-profit four-year college

Academic funding in the US

Loads of funding opportunities are provided in the way of scholarship, assistantship, work-study schemes and grants, etc, by the universities in the US. When estimating the cost of study in the US, one should always remember that by availing these financial aids, they can reduce their study cost by a significant amount. The most prestigious and expensive US universities offer excellent and generous financial support to their students. MIT, the highest ranking university in US and the world, offers financial aid to 91% of undergraduates while almost 60%, 98% and 99% of undergraduate students, graduate students, and doctoral candidates, respectively, studying at Caltech receive complete financial support.

Although few funding sources are only available for US citizens, loads of aid opportunities are also present for international students to avail of. Funding information is available on the website of every US University and students are advised to apply for the available financial aids at the same time when they submit their application.

Fees and financial aid calculator

Can you calculate how much does it cost to study in the US all by yourself? The answer is yes you can. All US universities are now legally bound to have fees and financial aid calculators on their website which makes it a lot easier for students to calculate and determine the expected cost of studies in the US. The students can get a fair idea about how much it would cost to pursue an academic program of their choice in the US and also what financial aids are they eligible to apply for. The US government’s College Affordability and Transparency Centre also provides details about various US universities with their corresponding tuition fees and net costs.

Other costs

The cost of application and the examination charges before applying for the university also comes into play. The academic tests will cost you more and then the reporting of the score will also affect the cost of the application.

If the student plans to take another person with them to the states then the cost will be increased for two people to survive. There are many universities and organizations run by the government and private bodies that provide scholarships and financial supports. The students are required to meet all the requirements to get this opportunity and there are some Indian associations to help the students of India and also for the women of Asia. These organizations will help in lowering the cost of living and cost of studying.

So the student should approach the banks in their countries before leaving to make sure they are getting enough resources

Still have questions, consult with our team of exclusive experts: https://www.meetuniversity.com/ask-expert

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