The USA is considered one of the most expensive destinations in the world. The most popular course is MS in the USA.
In this blog, we’ve covered all you need to know regarding the cost of studying MS in the USA.
The number of credits required for the course and the type of university determines how much an MS in the USA costs (private or public).
An MS program must have 30 hours of credit hours as a minimum. The typical cost of pursuing an MS in the USA ranges from USD 30,000 USD to USD 1,20,000 (INR 22.7 – INR 90.9 Lakhs).
Additionally, it differs from one institution to another.
Top universities in the USA to pursue MS
| Top Universities | Tuition Fee in INR |
| Harvard University | 41.5 lakhs |
| Stanford University | 28 lakhs- 41 lakhs |
| Yale University | 33 lakhs- 40 lakhs |
| Columbia University | 28 lakhs- 60 lakhs |
| Duke University | 43 lakhs |
| MIT | 64.92 lakhs |
| University of California, Berkeley | 24 lakhs |
| Cornell University | 14 lakhs |
| California Institute of Technology | 46 lakhs |
| Princeton University | 36 lakhs |
| University of Chicago | 42 lakhs |
1. Cost of living in the USA
Planning to study abroad requires setting up money for living expenditures including rent or mortgage, food, transport, and shopping, among other things.
The incidental costs resulting from your lifestyle choices are what make the most impact when you consider how expensive studying in the US may be.
| Type of Expense | Cost Per Month in INR |
| Housing Expense | 70,000 – 1.48 lakhs |
| Food Expenses | 2,200 – 3,000/ meal |
| Travel Expenses | 7,398 – 22,194 |
| Health Insurance | 33,000 – 51,000 |
| Miscellaneous Expenses | 22,000 – 44,000 |
2. Cheap universities to study MS in the USA
There are several economic institutions in the United States for students on a tight budget. Here is a list of a few American colleges that charge master’s degree candidates tuition that is relatively reasonable:
| Universities | Tuition Fee in INR |
| Alabama State University | 14.22 lakhs |
| University of North Carolina | 15 lakhs |
| University of Minnesota | 21.20 lakhs |
| Purdue University | 10.88 lakhs |
| Florida State University | 15.90 lakhs |
Best MS courses to study in the USA
The course you choose to take will rely on a number of variables, including your area of interest, potential career paths, the course structure and content, length, and overall cost for an MS in the USA.
The following are some of the top programs to enroll in the USA in 2023.
- MS in Cyber Security
- MBA
- Master of Science in Information Systems
- MS in Computer Graphics Technology
- Master of Science in Materials Science and Engineering
- MS in Information Systems Management
- Master of Science in Data Science
- Master of Science in Civil Engineering
- Master of Science in Computer Science
- MA in Animation
Eligibility for studying MS in the USA
Depending on the university and course you want to pursue, there may be different qualifying criteria to study MS in the USA.
However, the following requirements must be satisfied generally for you to be qualified to pursue your MS in the USA:
- The candidates must have completed their master’s degree at a reputable school in a related discipline with a minimum average GPA of 3.5.
- Must have a good GRE score.
- Students from other countries must have passed one of the English language competency tests. TOEFL and IELTS are recommended.
- As an undergraduate, the candidate must have had relevant professional experience. Experience is said to be gained through field internships
Different investment options to fund your child’s cost of studying MS in the USA
There are several investment opportunities to help pay for your child’s MS studies in the United States. Fixed deposits and other traditional products might not be enough to cover your child’s educational costs.
It is crucial to take other products into account, such as shares, balanced funds, and equity funds. You can select one of the following investment techniques based on your time frame:
- If your child will want the money within five years, debt mutual funds are the best choice. Such funds have the ability to produce returns that are higher than the rate of inflation while also supplying liquidity.
- For long-term objectives, you can combine several financial instruments. US stocks and ETFs, gold, equities, and debt are all investment options available to you. Buying stocks gives investors the chance to eventually generate more money, even if exposure to the stock market may be dangerous.
- One of the best investment alternatives for supporting a child’s education is the PPF. To amass significant wealth, you must begin this early and invest consistently.
- A variety of child-focused services are offered by several insurance companies. When your kid needs the money to pay for higher schooling, you could opt to set more responsible regulations in place.
Children’s investment plans can assist you in preparing financially for rising education costs, unexpected illnesses, and unfortunate circumstances.
As soon as you can, you should start making plans for your child’s future. By doing this, the associated risks are dispersed and your assets have more time to grow.
