The majority of international students are studying in the United States of America. Although it offers a wide range of prominent and valued degrees, it is also renowned for its astronomical tuition costs. Understanding the numerous expenses you will have while in the United States is crucial.
At V4U Global, we make sure that you are led properly and that you are aware of the costs involved in managing and budgeting for your living expenses. Let’s examine the split of costs when you decide to pursue higher education in the US.
Tuition will take up most of your financial resources. In this city, there are two different kinds of universities. Public or state-owned universities are less expensive than private universities.
International students often pay between $25,000 and $35,000 per year for public universities and between $30,000 and $45,000 for private institutions. Some private institutions have annual costs as high as $50,000–$55,000.
One of the most expensive courses is one that you choose to pursue when you choose to study engineering, business, or medicine. Liberal arts courses, however, are usually less expensive. The most expensive postgraduate degrees are MBAs, which are more expensive overall.
You have to choose where you want to live after determining where you want to study. Yet, the majority of colleges offer dorms or other on-campus housing for visitors.
The annual cost of dorms can range from $5,000 to $8,000. Even so, you always have the option to rent a flat, which is typically less expensive than on-campus lodging. Depending on your preferences, one-bedroom apartments typically range in price from $500 to $2,500 per month.
Regardless of where you stay, budget between $5,000 and $15,000 for housing, including utilities.
Your monthly transportation pass will cost you an average of $58.53. Yet, if you have a car, petrol might only cost you up to $1.37.
You will have to spend about $1,000 on school materials each semester. Also, your weekly grocery expense will likely be between $20 and $70 depending on your diet.
Keep in mind that these numbers will vary depending on the university, housing, and lifestyle that you choose. As a result, budget your resources according to your financial circumstances before moving to the United States for higher education.