Cost of Education
Cost of education differs from country to country & accordingly the students take their steps. These are either self funded or bank financial aids which help a student to determine his costs while studying abroad. Before applying abroad, the foreign nationals have to show concrete proof of sufficient funds to the universities which can cover their expenses at least for the first year of their college. Only then can they apply for a student visa.
Though, university funding is comparatively easier for entering the US universities, it is really tough in other destinations as in U.K., Canada, Australia or New Zealand. More formalities have to be met while applying to these particular universities. Since, cost of education varies, they all deal with the two vital aspects including tuition costs & living expenses.
U.S.A.
US Universities are either public or private institutions. Thus, public school tuition expenses are based on nonresident costs which are less expensive than private universities. It differs from university to university ranging from public cost $ 5000 a year to $ 30000 per annum for private institutes. Whereas, living expenses come to around $10,000 a year. One can even apply for loans in the USA by using the following modes :
- University funding/scholarships
- U.S. bank loans
- Other sources aid
- Native country's loans & support
- U.K.
Canada
The tuition fees for both undergraduate & postgraduate differs in the varied Canadian provinces. As it comes to around $6,660 for undergraduates while $1,896 - $3,549 for a postgraduate in Newfoundland while it comes to $6,500 - $12,202 & $7,450 - $15,000 for undergraduates & postgraduates respectively in the Ontario province. The average accommodation cost however comes to approximately CDN $ 400- 800 per month in Canada.
Australia
The average total cost including tuition fees & accommodation costs differ for undergraduate, postgraduate, PhD & MBA students in Australia. It even differs on the basis of varied streams. As it is $58,628 for undergraduates, $19,640 for postgraduates & $60,562 for PhD students as far as science stream is concerned.
New Zealand
New Zealand has different fee structure for varied universities based on distinct courses. It differs for both undergraduate & postgraduates. As it comes to around NZ $ 10,000 - $ 12,000 for an undergraduate & NZ $ 14,000 - $ 16,000 for a postgraduate in the Arts / Humanities / Social Sciences stream. Similarly, the living expense touches to around NZ $ 7,000 per year for these students which again differ on the basis of their lifestyle pattern.
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