Education Cost?
Cost of Studying in the US – One of the major factors that determine a country for higher education is the cost. The studying cost in the US and the living cost in the US are major factors that determine whether the United States of America (USA) is a feasible destination for higher studies. The tuition fee for the USA varies according to the different universities, courses, and cities within a country. Colleges in the US which offer undergraduate programmes which are for a longer duration could cost students more than the usual one-two years of postgraduate study, however, the tuition fee is not to be taken as a yardstick for the quality of education being provided in the institution. Moreover, students looking to study in the US should remember that tuition fees for government-funded institutions are much lesser than private universities.
|
USA Colleges |
US Undergraduate Tuition Fee |
US Post Graduate Tuition Fee |
US MBA tuition Fee |
|
Private University |
$32,000 |
$35,000 |
$60,000 |
|
State University |
$24,000 |
$30,000 |
$48,000 |
|
Community College |
$200 per credit* |
$250 per credit* |
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The top universities in the US are Princeton University, Harvard University, Yale University, Columbia University, and Stanford University among several others. Most of the best colleges in the country are situated in cities like Boston, New York, Cambridge, Old Saybrook, and New Haven. Business Management, Computer Science, Finance and Accounting, Economics, Communications/Media are popular courses that Indian students pursue in the US. The cost of studying in the US for a full-time MBA Course is 21.41 lakhs, cost of studying for a full-time MS course is 16.99 Lakhs and the cost of studying a full-time BE/ BTech course is 19.88 lakhs per year in the US.
Average Cost of Studying in the US (in lakhs)
|
Average Studying Cost in the US (Tuition) |
17.98 |
|
Average Living Cost in the US |
7.37 |
The tuition fees for a particular country forms one major chunk of the expenditure, the other is the living cost while in the country. It goes without saying that students who live in the city would be shelling out more money than students who choose to stay in the suburban part of the country. On an average, a student spends approximately $10,000–$12,000 per year on living expenses. But this amount entirely depends on the location where a student inhabits. If a student decides to reside in a metropolitan city, he would be spending more than a student who opts for a hostel or suburban accommodation.