It can be unsettling when you consider studying overseas, especially when it comes to finances. Money issues are real, and we hope to help make that a little easier by helping you keep up with the average fees and costs you could be spending on.
It can be unsettling when you consider studying overseas, especially when it comes to finances. Money issues are real, and we hope to help make that a little easier by helping you keep up with the average fees and costs you could be spending on.
Public colleges receive funding from the state government and private colleges get their funding from private organizations and donations. Community colleges also usually get their funding from the government just like public colleges.
Subjects like the arts, education, and humanities tend to be less expensive than courses that require different facilities such as laboratories in the teaching experience such as engineering and medical courses.
The cost of undergraduate degrees in the US varies greatly between institutions, and it is even higher for international students. International students pay $25,000-$35,000 per year at a public university and $30,000-$45,000 at private colleges on average. The cost can reach up to $50,000-$55,000 per year for some private colleges.
Postgraduate levels are usually more expensive than undergraduate courses. The college tuition fees depend on the college or course that you are planning to pursue. They differ from one institution to another. As international students, you are expected to pay more than the local students, thus you would have to refer to the international fee stated on the university website. Fees would generally be different due to the nature of the course. In general, a PhD or Master’s courses will cost less than the MBA, JD, or MD courses. International students usually pay $20,000-$35,000 for public colleges and $35,000-$50.000 for private colleges per year.
However, you can choose to stay at a non-campus residence as well. You can share an apartment with other students or you can live alone as well. The rent depends on the area you are staying in. The Midwest region is cheaper than the East and Northeast in the US. You have to pay your electricity, internet, and water bills along with the rent. The usual rate for a single bedroom apartment is between $6,000-$15,000 per year – depending on the apartment and location.
Read more about student accommodation in the US.
If you want to read more about U.S. Trends in College Pricing and Student Aid in 2020, read this in-depth study published by College Board.
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