The United States of America has the greatest number of international students. Offering a variety of prestigious and esteemed degrees, however, it is also known for its exorbitant tuition fees. Therefore, it is critical to understand the various costs you will incur while in the United States.
At PFEC Global we ensure that you are guided in the proper way and are aware of the expenses you'll need to budget for and manage your living expenses. Let us look at the breakdown of expenses when you choose to go to the US for higher studies.
The majority of your money will be spent on tuition. There are two types of universities in this city. Private universities are more expensive than public or state-owned universities.
On average, international students pay $25,000-$35,000 per year at public universities and $30,000-$45,000 at private colleges. Some private colleges can cost up to $50,000-$55,000 per year.
When you pursue courses such as engineering, business, and MBBS you are opting for one of the most expensive courses. Whereas liberal arts courses are typically less expensive. However, postgraduate degrees are more expensive, with MBAs being the most expensive.
After deciding where you want to study, you must decide where you want to live. However, most universities provide on-campus housing for international students such as dormitories.
Dormitories can cost between $5,000 and $8,000 yearly. Nevertheless, you can always choose to rent an apartment, which usually costs less than on-campus housing. Single-bedroom apartments typically cost between $500 and $2,500 per month, depending on your preferences.
Estimate a budget of $5,000-$15,000 for housing, including utilities, regardless of where you stay.
You will have to pay $58.53 on average per month for your transportation pass. However, if you drive a car, gasoline might cost around a maximum of $1.37.
Each semester, you will need to spend approximately $1,000 on academic supplies. Furthermore, depending on your diet, your weekly grocery bill will range from $20 and $70 approximately.
Remember that these figures will change depending on the type of university, housing, and lifestyle you pick. Thus, before travelling to the United States for higher education, allocate resources that meet your financial situation.