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Hidden costs of sending your child to the USA

Hidden costs of sending your child to the USA

United States is known for its top-notch universities, improved academic facilities, easy options for paying tuition to study in the USA, and incredible lifestyle. While tuition fees and accommodation are expenses most parents save for, there are many hidden costs of sending your child to the USA that you may have overlooked. Let’s look at how much you need to save to send your child to the USA! 6 Hidden costs of sending your child to the USA From visa fees to health insurance to flights, there are a lot of costs that parents do not consider while saving and investing in their child’s education. Let’s look at some hidden costs of sending your child to the USA: 1. College application fee A non-refundable application fee must be paid by students when submitting their application forms. The cost will vary depending on the university. However, the majority of application fees are in the INR 5,000 – INR 8,000 range. Cost of Studying LAW in the USA Read More 2. Entrance exams Depending on the degree studied, students needed to take and pass entrance exams. ExaminationsExam FeesMCAT₹25,000NEET₹1,600IELTS₹15,500TOEFL₹14,200GRE₹17,000GMAT₹20,000SAT₹7,700 3. Fees for SEVIS The Student and Exchange Visitor Information System (SEVIS) is a database that houses all data on international students, including their main reasons for visiting the United States. They will share the SEVIS number on the I-20 with your child once they’ve been admitted to their ideal university. Before submitting the paperwork for a visa application, students need to pay the SEVIS cost, which is around ₹28,000. Apply for Education Loans to Study Abroad 4. Visa Application Fees It is typical for students to apply for an F1 visa alone. Students who enroll in undergraduate, graduate, or study courses with more than 18 hours of study time each week should take note of this. Students have to pay a visa application fee of between ₹10,000 and 15,000. 5. Health Insurance One of the most crucial things to think about when estimating the study costs in the USA is health insurance. It is more economical for your child to receive medical care in the nation if they have health insurance. In the USA, getting health insurance costs between ₹40,000 and ₹80,000 a year. 6. Flight tickets The cost of the airfare ranges from ₹30,000 to 1,05,000 one-way to the US. This amount may vary depending on the type of journey taken, the airline chosen, the dates of booking, the location from which you're departing, the location in the United States where your child will be landing, etc. Invest via Mutual Funds in Global Companies Cost of studying in the USA One of the most significant and initial costs of studying in the united states is the tuition fees. Our college cost calculator estimates the average tuition for an undergraduate program in the USA to be between ₹1.6 to 1.9 crore. The cost of attending an American university varies depending on several variables, including the course, chosen, the kind of degree program, the type of university, etc. The USA offers a variety of scholarship alternatives to international students who are struggling financially. Students can apply for the best scholarship based on the criteria. Most regular costs like tuition, living expenses, etc. Are covered by these scholarships. https://www.youtube.com/shorts/AokbOsD5nC8 Living costs for students in the USA The price of living in the US is the next element that affects how much it will cost Indian students to study there. The cost of living in the USA typically ranges from 70 lacks to 1 crore. The place your child chooses to reside in the United States, the type of accommodation, the mode of transportation they use to get around, the restaurants they frequent, and most significantly, the lifestyle they lead, all affect the cost of living. Yearly living expenses include paying for apartment housing including utilities (₹13 - 14 lakhs), food (₹5 - 6 lakhs), dormitory housing (₹6 - 9.5 lakhs), food for dormitory (₹1.6 - 2 lakhs), books and supplies (₹65,000 - 75,000), and miscellaneous expenses (₹5 - 6 lakhs). Check out our college cost calculator to find out the cost of studying in the USA! It becomes simple to enjoy the academic and cultural life in America if your child can control the tuition they pay while studying there. The USA has consistently been ranked among the top places for studying abroad, and now that you know how much it would cost you to send your child to college there, it will be simpler for you to arrange their expenses. TALK TO OUR EXPERTS FAQs What is the cost of college applications for US universities? However, the majority of application fees are in the INR 5,000 – INR 8,000 range. Some universities do not charge application fees whereas some are willing to refund the application fee if you meet their criteria. What is considered a hidden cost or charge of studying abroad? Hidden charges or implicit charges are those that parents or students have to pay for once they start the application process. These costs are not accounted for as the actual cost of attendance and are costs or expenses that one has to bear in order to start the process. For instance, application fees, test exam fees, visa fees, health insurance, travel insurance, and even fights. What are some hidden charges for sending your child to the USA? Here are some hidden costs of sending your child to the USA for higher education: College application fee Entrance exams Fees for SEVIS Visa Application Fees Health Insurance Flight tickets
Pros and Cons of sending your child to an IB board school

Pros and Cons of sending your child to an IB board school

Sending your child to an IB Board school in India? You are not alone! Many Indian parents, over the years, gravitated toward the International Baccalaureate (IB) Board. So much so that the number of international schools offering IB programs has grown tremendously over years. In 2003, there were merely 11 schools with IB boards, now there are nearly 208 world schools located across the subcontinent!   IB board is typically offered by international schools in India and opted for by parents who want to send their children abroad. Parents prefer IB for its teacher-student ratio, holistic curriculum, global exposure, and focus on sports and extracurriculars. IB curriculum offers an innovative, inclusive, and interactive approach to learning.   Let’s look at some pros and cons of sending your child to an IB world school in India:  Pros of sending your child to an IB Board School  https://www.youtube.com/watch?v=6jTgEWL5sXw 1. Global Exposure and Cultural Diversity IB is a global program with 5000 schools in 160 countries like Australia, Norway, India, China, and Zambia! The learning approach is dynamic and international. The IB board is popular and recognized by top universities; its curriculum is updated regularly to keep up with the changing skill requirements and career developments.    2. The balance between Extracurriculars and Academics IB schools believe in skill building and offer a great number of subjects like Art, Music, Sciences, and extracurriculars like sports, debating, MUNs and community service, etc. The focus is on personality development and offering students a variety of facilities to grow and nurture their interests! The exposure can help students decide their passion and can add value to college applications!  https://www.youtube.com/shorts/wQbhsWtOPpU 3. Help with university applications IB boards encourage students to develop skills that align with foreign universities and their requirements. They value communication skills, interpersonal skills, research ability, and open-mindedness.   IB has programs like Theory of Knowledge (ToK), Extended Essay (EE), and extracurricular activities related to Creativity, Action, and Service (CAS) to help with university applications!  4. Great student-to-teacher ratio IB world schools maintain a pupil and teacher ratio of 25:1 for all classes. The ratio can differ from school to school in India. This is an advantage for parents, teachers, and students hoping to send their child to an IB school because the regular classroom size of a CBSE or other state board is 45 – 50 students and 1 teacher.   IB schools ensure smooth teacher and student interaction by reducing the class size and ease for teachers to offer assistance to every student adequately.  source: pexels Cons of sending your child to an IB Board School  1. Expensive IB world schools charge more than CBSE/ISCE board-run schools. The average tuition cost of studying at IB schools in India is Rs. 4-5 lakhs per annum. The average tuition cost does not include school trips, daily transport, or hostel fees. Additionally, parents have to spend on uniforms, course material, or other expenses separately this can tally up as a huge expense for parents.     2. Location Most IB schools in India are located in urban cities like Delhi, Chennai, and Bangalore, and sometimes on the outskirts of the city. This means parents have to opt for school-assigned buses or spend money on private vehicles for daily travel. Public transportation is not viable because of the lack of connectivity (in the case of some schools) and is often unsafe in some cities for younger kids.   Long-distance travel to school can be expensive and mentally draining on your child so check the location before enrolling!   3. Workload Students studying at IB schools are often overburdened with essays, projects, and assignments for a range of subjects. It is a great way to prepare for college, but it can be tiring and hectic for students. It can lead to burnout, fatigue, or stress among students.  During the middle year program, subjects have to manage 8 subject areas and during the last two years, they have 6 subject areas and a diploma program core. DP core includes Theory of Knowledge (ToK), Extended Essay (EE), and extracurricular activities related to Creativity, Action, and Service (CAS).  4. Lack of flexibility The IB board offers 6 subject areas for students to choose 6 subjects from in classes 11 and 12.  These subjects areas area:   Studies in language and literature  Language acquisition  Individuals and societies  Sciences  Mathematics  Arts   Every student can choose only one subject from one category – if you decide to exclude the arts category then the student can opt for two subjects from the same category but not beyond this.   There is also a possibility that the school does not have the infrastructure to offer certain subjects that the IB board may include in its curriculum! For example, the IB board includes films as a subject, but the school may not have a teacher to teach the course.  The problem of education in Slums in India Read More Do IB world schools give your child an edge in foreign applications?   Yes and no! While IB world schools offer a great amount of exposure, there is no guarantee that your child will end up at an Ivy League or Oxbridge after graduating. Foreign admissions offices consider hundreds of applications for limited seats, and each application consists of an academic record, extracurriculars, your child’s statement of purpose, recommendations, and much more. All these factors together determine whether your child is the right fit for a particular course at the university.   Your child’s developmental skills, problem-solving abilities, and eligibility for a course determine their selection, not any particular school board. However, the school board can help tremendously in developing these skills and giving your child the exposure, they need to further their ambitions.  Schools help shape children academically, and developmentally and nurture them during their formative years. They play a huge part in deciding your child’s career path which is why whether you send your child to an IB school or a CBSE school should be a well-researched decision. Talk To an Expert FAQs What are the disadvantages of the IB board? The International Baccalaureate (IB) curriculum can be demanding and rigorous, potentially leading to high-stress levels for students. Its comprehensive nature may limit specialisation. The program's availability might be limited, and some students might find it challenging to adapt to its unique assessment methods and workload expectations. Is IB good for kids? The International Baccalaureate (IB) program can be beneficial for certain students. It places a focus on critical thinking, research techniques, and an international viewpoint. However, its rigor and comprehensive approach may not suit all learning styles. Parents should consider their child's strengths, preferences, and goals when deciding if IB is a good fit. Why is the IB curriculum better than CBSE? The IB curriculum offers a broader global perspective, emphasizing research, critical thinking, and international mindedness. It promotes interdisciplinary learning and holistic development. While CBSE is rooted in Indian education, IB's international focus prepares students for diverse global challenges and fosters a deeper understanding of cultures, making it preferable for some seeking an international outlook. Is the IB board better than CBSE? Individual tastes determine whether a student chooses the International Baccalaureate (IB) or CBSE (Central Board of Secondary Education). IB offers a global perspective and emphasizes critical thinking, while CBSE follows a standardized Indian curriculum. Both have merits; IB suits those seeking international exposure, while CBSE aligns with Indian education standards.
Hidden costs of sending your child to the UK

Hidden costs of sending your child to the UK

Many international students consider the United Kingdom to be their ideal study destination because of the country's outstanding academic reputation and dynamic student community. There is no question about the quality of education, but the cost of studying in the UK for Indian students is one of the most concerning facts. Let's face it, studying in the UK is costly. Pound to rupee ratio, international tuition fees, and the general cost of living are just some reasons for this expense. But beyond the obvious expenses, there are some hidden costs of sending your child to the UK that you may not have considered. 5 hidden Costs of Sending Your Child to the UK There are some hidden costs of sending your child to the UK that may stretch your budget. These costs are hidden because parents usually do not consider them when planning their child’s foreign education until it's too late. 1. Student Visa fees All students need to apply for a student visa to go to the UK. It's a hidden cost of expense because it rears its ugly head after you have finished your child’s application process and can be an added expense to the overall budget. Type of VISAApplication FeeShort-term study student visa₹8,000 for 6 months and ₹15,000 for 11 monthsTier 4 student visa (General)₹28,500Tier 4 student visa (Child)₹28,500Disclaimer: This is the current fee and is subject to change. 2. Immigration health surcharge Through the National Health Service, the UK is renowned for having one of the top healthcare systems in the world (NHS). Your child must pay the visa fee and an additional premium for health insurance as an international student. It will cost them between ₹38,000 and 40,000 a year to obtain entry to the NHS. At NHS health centers, students will have access to free medical care as well as discounted dental care. 3. Entrance exams Some universities mandate language tests for international students, while others do not. Popular standardized examinations that are provided to potential international students for them to study in the UK include: ExaminationExam FeesGRE₹15,912GMAT₹18,500IELTS UKVI₹15,500TOEFL₹14,200Disclaimer: This is the current fee and is subject to change. 4. University application fee While master's or Ph.D. Candidates must apply directly through the website of their chosen university, undergraduate candidates must use the UCAS application website. To apply to several universities in the UK, you need to spend between $1,500 and $7,500. Please be aware that depending on the number of programs and universities your child applies to, the application fee may increase. 5. Flight tickets You must book your child’s flight tickets right after the visa allocation. The cost of flight tickets can change according to the city, destination, and airline. For students traveling from India, one-way airfares can cost around ₹60,000 - 1,00,000. Why a Parent should consider the UK for child education? Read More Tuition fees for international students in the UK The majority of international students living expenses in the UK are the cost of their tuition. It may differ substantially depending on the university, the region, and the program they select. Our college cost calculator estimates the average tuition for an undergraduate program in the UK to be between 60 lakh and 1 crore. Fee Structure of the UK University Read More Living expenses in the UK Another significant component of the overall cost of studying in the UK is living expenses. For the duration of a course, the average cost of living in the UK is between 40 and 50 lakhs. Similar to tuition costs for UK universities, living costs might change based on your child's, lifestyle, where they choose to reside, etc. For instance, rent is more expensive in cities like London or brighter than it is in Aberdeen or Manchester. Invest in Mutual Funds Other Living Costs in the UK Aside from accommodation, there are other significant living expenses to consider. Utilities (electricity, heating, cooling, water) can cost around £100-£150 per month. Food costs vary depending on personal choices and habits, but a rough estimate is around £200-£300 per month. Transportation expenses include the London Underground or buses, which can cost approximately £100-£150 per month. However, these costs can be lower in other cities with more affordable public transportation options.  Monthly living expenses in the UK for average Indian students Accommodation₹40,000 - 60,000Food₹8,000 - 16,000Transportation₹2,000 - 3,500Household bills₹3,000 - 4,000Entertainment₹3,000 - 5,000Miscellaneous Expenses₹15,000 - 20,000Total₹70,000 - 1,10,000 UK Scholarships for International Students:  Recognizing the financial burden on international students, many UK universities offer scholarships and financial aid. These scholarships can cover partial or full tuition fees and, in some cases, also provide a stipend for living expenses. Some well-known scholarships for international students in the UK include the Chevening Scholarship, the Commonwealth Scholarship, and university-specific scholarships like the Rhodes Scholarships at the University of Oxford and the Gates Cambridge Scholarship. Eligibility criteria and application processes for these scholarships vary, but they provide valuable opportunities to make studying in the UK more affordable.  Impact of Brexit: Brexit, the UK's decision to exit the European Union (EU), has had several potential impacts on various aspects of life in the UK, including education and living costs.  Tuition Fees: EU students used to be treated as domestic students, paying the same tuition fees as UK citizens. However, after Brexit, most EU students are now classified as international students, leading to higher tuition fees. This change could potentially affect the affordability of studying in the UK for EU students.  Scholarships and Funding: Some scholarships and funding opportunities previously available to EU students might no longer be accessible. However, the UK government and universities have introduced new scholarships and funding options specifically for international students, helping to mitigate this impact.  Living Costs: Brexit's impact on living costs is more indirect. Changes in the economy and exchange rates could influence the overall cost of living for international students. For instance, fluctuations in the value of the British pound might affect the purchasing power of students' home currencies.  Research and Collaboration: Brexit has raised concerns about the UK's participation in EU research programs and collaborations. Previously, UK universities and researchers had access to EU research grants and partnerships, which could have contributed to funding opportunities and lowered costs. While the UK government has expressed intentions to establish its own research initiatives, the full extent of these programs' impact remains to be seen.  Cultural Diversity: The UK's appeal as a diverse and welcoming destination for international students might be affected by changes in immigration policies and the overall atmosphere following Brexit. This could indirectly influence the attractiveness of studying in the UK.  While Brexit has brought changes that could potentially impact the cost of studying and living in the UK for international students, it's important to note that the UK remains committed to hosting international students and maintaining its reputation for quality education. The introduction of new scholarships and funding options aims to ease the financial burden, and universities continue to strive to create an enriching environment for students from around the world. As the situation continues to evolve, it's recommended that prospective international students stay updated with the latest information and carefully assess the financial aspects before making decisions about studying in the UK.  There are many options to pay for a UK university, including selecting scholarships, financial aid, student loans, and other options. If you want to send your child abroad for undergraduate then it's time to consult financial experts to discover new-age savings to beat the demon of rising costs! This might make it much easier for you to manage your child's tuition costs. An education fund, scholarships, and part-time jobs can help cover the growing cost of studying in the UK. Start saving if your child is planning to fly to the UK for their undergraduate before it's too late! TALK TO AN EXPERT
Mastering Costs: Why is Schooling in India Expensive?

Mastering Costs: Why is Schooling in India Expensive?

What is the real cost of schooling in India? Can the average Indian parent afford to send their child to a private school? Did you know more than 91% of Indian parents want their children to have an undergraduate degree, and more than 80% want them to get a master’s degree too? The cost of school fees has been on the rise in the past two decades. Before choosing a particular school for your child, we recommend you get accurate information on the complete expenditure involved. Let’s understand specific crucial parameters involved with a child’s schooling in India. The ideology of parents for their child’s education Parents are earnest about their child’s education in India. They start having high expectations from their children from the day they start schooling. They motivate them to get the best results in class from day one. Furthermore, most parents would risk almost everything for their child’s better education. Start Saving Now For Child Education Cost of education in schools The cost of education varies from one school to the other, whether it is a government or private school. On a usual basis, in tier 1 and tier 2 cities, the tuition fees of private schools are somewhere around Rs 2,500 to Rs 8,000 every month. The total cost paid is not restricted to the tuition fees. Parents have to pay other charges, including maintenance fees, lab and technology fees, fees for books and stationery, transportation fees, and so on. Hence, the amount almost doubles itself. If we take the example of DPS RK Puram, we get to know that they demand Rs 25,200 just for admission. The annual tuition fees are Rs 1,09,200.   The fees also differ from class to class. If your child is in primary, you will have to pay comparatively less considering a high school student. On average, parents have to pay Rs 6,000 for their child in primary school. When the child goes to secondary or senior secondary, this amount rises to Rs 8,000 and Rs 10,000.   With all this data, we can understand the cost of school education in India is quite costly and can be heavy on the pockets of middle-class parents. Families with an income of Rs 3 lakhs or less in a year prefer to send their children to government schools because they cannot afford a private one. A government school requires Rs 20,000 or less per annum for a child to get a school education.  Impact of Education Inflation on Student Loan Interest Rates Read More Why is the cost of school education so high? Since education costs are so high, let’s understand why it is this way. Multiple factors contribute to the rise in the price of education.  1. Lack of Policies  According to a survey, many parents have an opinion that the government lacks proper policies for schools in India. In the absence of these policies, there is no adequate regulation over schools on the criteria of fees. Every child would have received a quality education at a very minimal cost if it had been there.  2. The ratio of students and teachers  If you try to analyze the ratio of students to teachers, you will realize that it is pretty high. Quite a few times, teachers are not adequately trained, which affects the students’ quality of education. But this is not true in all cases. Most private schools have a proper selection procedure for selecting the teachers, so students receive the best education possible.  3. Infrastructure  Infrastructure is the next important factor contributing to the increase in the total fees. The administration plans to build a space that provides overall progress for a student. They want to give the best facilities for a student’s education, including computer labs, auditoriums, intelligent classes, games room, etc. All of these also require maintenance, which the students charge. Most Expensive Schools in India for Child Education Read More Which is better in terms of education? Private schools or government schools? If you compare the quality of education in private and government schools, you will realize that private schools have better teachers with proper degrees and knowledge. Also, the private school has better infrastructure and facilities, which helps students' overall growth. On the contrary, they demand fees that are pretty high and sometimes unaffordable for all parents.   Private Colleges vs Government Colleges Read More Government schools of India need more experienced teachers who can provide quality education to students. Most of the time, the buildings of government schools are pretty old and are not maintained properly. On the other hand, these schools demand a minimal fee, which most people in India easily afford. Hence, it entirely depends on the parents’ priorities and what they want for their children. FAQs What is the cost of schools in India? The cost of education varies from one school to the other, whether it is a government or private school. On a usual basis, in tier 1 and tier 2 cities, the tuition fees of private schools are somewhere around Rs 2,500 to Rs 8,000 every month. If we take the example of DPS RK Puram, we get to know that they demand Rs 25,200 just for admission. The annual tuition fees are Rs 1,09,200. Which is better in terms of education: Private schools or government schools? If you compare the quality of education in private and government schools, you will realize that private schools have better teachers with proper degrees and knowledge. Also, private school has better infrastructure and facilities, which helps students' overall growth. On the contrary, they demand fees that are pretty high and sometimes unaffordable for all parents. Why schools are so costly in India? Schools are costly in India because of privatization and education inflation. Both these factors have made annual school fees unaffordable for many parents. The lack of government capping and regulation in private school management means private schools dictate fee structures and increase them based on their expenses and needs. Parents prefer private schools over public schools because they offer better opportunities and infrastructure.
Affordable Singapore Universities

Affordable Singapore Universities

While the cost of education in Singapore can be relatively higher compared to other Asian countries, the government provides tuition fee discounts and subsidies for local and international students. In this article, we will explore some of the most affordable universities in Singapore, along with their programs, fees, and available financial assistance. How Affordable Are Universities in Singapore? While Singaporean universities may not be the most affordable in Asia, the government offers financial aid to international students. These grants enable students to benefit from lower tuition fees than other international students. Additionally, many scholarships are available to support students financially throughout their academic journey. Scholarships in Singapore Read More What is the Cost of Living in Singapore? It is important to note that the cost of living in Singapore can be higher than in other Asian countries. Accommodation expenses typically constitute a significant portion of the budget. For more cost-effective options, students can explore the possibility of securing a place in student residences or seeking affordable rental accommodations. The official currency in Singapore is the Singaporean dollar (SGD), with an exchange rate of approximately 1 SGD = 74 INR. For instance, renting a one-bedroom apartment in Singapore can range from approximately 1,18,700 INR to 2,04,500 INR, depending on the location and size of the unit. Monthly expenses for public transportation can amount to around 8,100 INR. Depending on personal preferences, groceries can cost approximately 15,000 to 18,750 INR monthly. Eating out can vary in cost, with some local restaurants and street markets offering meals for less than 750 INR. At the same time, higher-end establishments may charge more due to Singapore's popularity as a tourist destination. Top Value German Universities Read More Cheapest Universities in Singapore 1. National University of Singapore (NUS) Tuition Fee Range: 4,00,000 INR to 9,00,000 INR per year (varies by course and program) The National University of Singapore (NUS) is Singapore's oldest and largest higher education institution. It offers various programs across disciplines and consistently ranks among the top universities globally. NUS is known for its academic excellence and is divided into 17 schools and faculties, including business, medicine, arts and social sciences, and engineering. The university also collaborates with prestigious international institutions to provide exceptional learning opportunities. 2. Nanyang Technological University (NTU) Tuition Fee Range: 3,50,000 INR to 7,50,000 INR per year (varies by course and program) Established in 1981, Nanyang Technological University (NTU) is the second-largest university in Singapore. It offers a wide range of humanities, arts, social sciences, business, science, and engineering programs. NTU is known for its research and innovation and consistently ranks among the top universities globally. 3. Singapore Management University (SMU) Tuition Fee Range: 6,50,000 INR to 12,50,000 INR per year (varies by course and program) Singapore Management University (SMU) was established in 2000 and specialized in business and social sciences. It offers undergraduate and graduate programs across various disciplines. SMU emphasizes employability and provides internship programs in collaboration with companies to enhance students' practical skills and work experience. 4. Singapore University of Technology and Design (SUTD) Tuition Fee Range: 8,00,000 INR to 14,00,000 INR per year (varies by course and program) The Singapore University of Technology and Design (SUTD) was established in 2009 and focused on design, humanities, arts, social sciences, data science, and artificial intelligence. It is a specialized institution with a commitment to innovation and collaboration. SUTD offers programs that differ from those offered by universities in the United States, such as partnerships with prestigious institutions like MIT and Duke University. 5. Singapore University of Social Sciences (SUSS) Tuition Fee Range: 10,50,000 INR to 17,50,000 INR per year (varies by course and program) The Singapore University of Social Sciences (SUSS) was established in 2005 and offers various flexible part-time programs. SUSS specializes in humanities and behavioral sciences, science and technology, law, business, and human development. It prioritizes partnerships with polytechnics and overseas universities to provide accelerated pathways and diverse learning opportunities. While education costs in Singapore may be relatively higher compared to some Asian countries, the government's provision of tuition fee discounts and subsidies for international students makes pursuing education in Singapore an attractive option. The National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, and Singapore University of Social Sciences offer excellent programs at affordable rates. By taking advantage of available scholarships and financial assistance, students can navigate the cost of living in Singapore and access world-class education in a dynamic and vibrant environment. Talk To An Expert
How expensive is an education abroad for a parent?

How expensive is an education abroad for a parent?

Parents are always determined to give their children the best. There is no better investment than education for your child in this hyper-competitive world. Moreover, quality education is the only thing that will allow your child to make a mark in their respective careers. Many parents consider sending their children abroad to provide them with the best education.  When studying abroad, your kid will have access to great educational infrastructure. Foreign education is considered a sound investment irrespective of the finances of the parents.   Over the years, a majority of students who have managed to go abroad to pursue education in a good university have found a great career and future. Many students are opting for overseas education to optimize their career prospects. https://www.youtube.com/watch?v=ObWmCHWgwAw 1. Cost of living   Living expenses usually vary based on several parameters. For instance, the location where your child chooses to live and the type of accommodation they prefer greatly determines the cost of living. Many students these days opt for shared accommodation to cut costs.  In this manner, you’ll be able to save a considerable amount of money. Let’s cite an example to understand better. For instance, if you are sending your child to London for higher studies, the total cost will be INR 12 lakhs. On the other hand, if they stay outside London, the overall cost will be INR 9 lakhs.     https://www.youtube.com/watch?v=tdwqQH0xkFw 2. Cost of pursuing Undergraduate and Post Graduate Courses   Irrespective of the country, the cost of pursuing UG courses will be between INR 14 lakhs to INR 25 lakhs per year. On the other hand, the cost of pursuing postgraduate courses will be between INR 15 lakhs to INR 30 lakhs annually.   3. Cost of studying in the USA   If you are sending your child to the USA for higher studies, it is crucial to be aware of the overall costs. College tuition can cost close to INR 15 lakhs to INR 40 lakhs per year. Moreover, the fee depends upon the college where your child has enrolled.   4. Cost of studying in the UK   The cost of studying in the UK can be close to INR 20 lakhs annually. But it depends on the course and the college chosen by your child. However, the cost of living in the UK is affordable when compared to other countries.   https://www.youtube.com/watch?v=F3QCgLruQzc 5. Cost of studying in Canada   Canada is another country that has been getting a lot of attention from students. Compared to other countries, Canada has a decent educational infrastructure. And what makes the country appealing to students is the lower fees. The approximate cost of studying in Canada is between INR 80,000 to INR 10 lakhs per year. But the overall fees depend on the course and college selected by your child.  6. Cost of studying in Australia If you are planning to send your child to Australia, the average cost will be between INR 10 lakh to INR 16 lakh annually. Note that this is applicable if your child pursues undergraduate courses. On the other hand, for a post-graduate course, the approximate fees will be between INR 12 lakhs to INR 18 lakhs per year. The cost of living can range from INR 70,000 to INR 1 lakh for a year.   https://www.youtube.com/watch?v=ynH9mdMWmDs 7. Steps to tackle expenses of your Child’s foreign education  An overseas education offers an array of advantages to your child. However, sending your child abroad can be pretty expensive. It comes with a heavy price tag, and parents should be knowledgeable in tackling the challenges. Here are some ways in which you can fund your child’s foreign education.   10 ways to plan education abroad Read More 8. Applying for an Education loan Based on the views of industry experts, the inflation rate in education is increasing sharply. With exorbitant costs, savings alone can’t be enough to fund your child’s education. Moreover, unplanned situations and emergencies can adversely affect your savings. One of the efficient ways to fund your child’s foreign education is to opt for a loan. Nowadays, most lenders offer customized education loans to students. You can apply for these loans to fund your child’s foreign education.   https://www.youtube.com/watch?v=d0nVcGABfGs 9. Start investing early   If you want to send your child abroad, it is crucial to start investing early. For instance, you can invest in mutual funds to get good returns. Note that it is always important to commence as early as possible to get better returns in the long term.    Indian Scholarships to Study Abroad Read More 10. Shift your corpus to less risky funds   Experts recommend investing aggressively in the market in the initial stages. In the initial stages, you can afford risks and increase your finances for good returns. If you are not experiencing good returns or the market is volatile, you can transfer your corpus to less risky funds.     ​The cost of studying abroad is something that you have to recognize from the start. Start investing in the right channels to fund your child’s education in foreign countries. Ensure that you invest early to reach the amount you need for your child’s education. FAQs Can you study abroad as a parent?   Yes, it is possible for parents to study abroad, but it may involve additional considerations such as childcare arrangements and financial planning. Many universities offer family-friendly programs to accommodate parents pursuing their studies while managing family responsibilities.  Why do parents want their children to study abroad? Parents may want their children to study abroad to provide them with opportunities for personal growth, cultural exposure, and a global perspective.  Is it very expensive to study abroad?   The cost of studying abroad varies depending on the country, university, and program chosen, but it can be relatively expensive. 
Studying in Delhi or Mumbai: A Comparative Analysis

Studying in Delhi or Mumbai: A Comparative Analysis

India is home to some of the best colleges and universities in the world, and Delhi and Mumbai are two of the most popular cities in India for students. With a plethora of colleges and universities in both cities, students have a wide range of options to choose from. However, one of the biggest factors that students consider when choosing a city to study in is affordability. In this article, we will delve deeper into the cost of education in Delhi and Mumbai and help you determine which city is best for affordable education. https://www.youtube.com/watch?v=tdwqQH0xkFw Deciding Between Delhi and Mumbai for Studies Tuition Fees Tuition fees are one of the biggest expenses students incur during their education. In Delhi, the tuition fees for top universities and colleges are generally lower than in Mumbai. For example, the annual tuition fee for Delhi University ranges from Rs. 10,000 to Rs. 30,000, while Mumbai University charges an annual fee ranging from Rs. 20,000 to Rs. 40,000. Similarly, the Indian Institute of Technology (IIT) in Delhi has an annual fee of Rs. 2 lakh, while the IIT in Mumbai has an annual fee of Rs. 2.2 lakh. This means that students can save some amount of money on tuition fees if they choose to study in Delhi. Accommodation The cost of accommodation is another crucial factor that students consider when choosing a city to study in. In Delhi, the cost of PGs and hostels is generally lower than in Mumbai. An average PG in Delhi costs between Rs. 8,000 to Rs. 15,000 per month, while in Mumbai, the rent for similar accommodations ranges from Rs. 10,000 to Rs. 20,000 per month. Similarly, the cost of a one-bedroom apartment in Delhi ranges from Rs. 10,000 to Rs. 20,000, while in Mumbai, it ranges from Rs. 20,000 to Rs. 40,000. This means that students can save a significant amount of money on accommodation if they choose to study in Delhi. Transportation The cost of transportation is also an important consideration for students. In Delhi, the public transportation system is more affordable, and the cost of a monthly pass for Delhi Metro ranges from Rs. 800 to Rs. 1,500. In Mumbai, there is also a public transportation system, but the cost of Mumbai Local and taxis is generally higher than that of Delhi. Similarly, the cost of owning a car in Mumbai is higher than in Delhi. According to a study by ICICI Lombard, the cost of owning a car in Mumbai is around 11% higher than in Delhi. This means that students can save a significant amount of money on transportation if they choose to study in Delhi. Cost of Living The cost of living is another crucial factor that students consider when choosing a city to study in. In Mumbai, the cost of living is generally higher than in Delhi. According to the Cost of Living Index released by Numbeo, the cost of living in Mumbai is 16.24% higher than in Delhi. Similarly, the cost of food and groceries is also higher in Mumbai than in Delhi. According to the same report, the cost of groceries in Mumbai is 16.01% higher than in Delhi. This means that students can save a significant amount of money on living expenses if they choose to study in Delhi. Scholarships and Financial Aid Both Delhi and Mumbai universities and colleges offer scholarships and financial aid to students. Delhi University offers merit-based and need-based scholarships, while Mumbai University also offers similar options. Similarly, IIT Delhi and IIT Mumbai also offer scholarships and financial aid to eligible students. Students can apply for scholarships and financial aid to offset their education costs. Conclusion As we have seen, Delhi and Mumbai are both great cities for students who are looking for an affordable education. While Delhi is generally more affordable than Mumbai, students should consider their budget, financial situation, and the college they want to attend before making a decision. Students can save a significant amount of money on tuition fees, accommodation, transportation, and living expenses if they choose to study in Delhi. However, Mumbai also offers a range of excellent colleges and universities, and students can still obtain an affordable education in this city with careful planning and budgeting. Ultimately, it is up to the individual student to decide which city is best for them based on their unique circumstances. Talk To An Expert
Fee Structure of Canadian Universities

Fee Structure of Canadian Universities

Thanks to its renowned universities, vibrant student cities, and well-planned lifestyle, Canada is a highly sought-after location for international students to pursue their studies. In 2023, Canada's tuition fees for international students will reflect the vast array of opportunities available with both high-end and affordable universities. With more than 30 universities featured in the prestigious World University Rankings by THE (Times Higher Education), Canada boasts some of the finest academic institutions in the world. Keep reading for valuable insights into the tuition fees for international students in Canada in 2023, the cost of living, and scholarship possibilities for studying in "The Great White North." https://www.youtube.com/watch?v=x9B8449Iuw4 Canadian Tuition Fees for international students in 2023 In 2023, international students studying in Canada can expect to pay tuition fees generally lower than those in countries like the United Kingdom, the USA, or Australia. However, they can still be relatively high. The actual cost of tuition may vary from year to year and can also depend on factors such as the city or specific degree program being pursued. For example, some of the cheapest universities in Canada can be found in Newfoundland, while Ontario tends to have the most expensive options. https://www.youtube.com/watch?v=k8c_dfmXMkA 1. Bachelor's degrees For Bachelor's degrees specifically, it is possible to find affordable universities in Canada with tuition fees ranging from ₹70 to 95 lakhs for the entire program. However, it is essential to note that programs such as Medicine, Engineering, and Social Science fall under the most expensive categories. Bachelors in Business & Management: ₹85 – ₹95 lakhs Bachelors in Computer Science & IT: ₹75 – ₹80 lakhs Bachelors in Engineering & Technology: ₹85 – ₹95 lakhs Bachelors in Social Sciences: ₹70 – ₹80 lakhs Bachelors in Law: ₹80 – ₹90 lakhs 2. Master's degrees The tuition fees range from ₹20 to 80 lakhs, with the highest costs typically associated with pursuing a Master's degree in Business, Engineering, Computer Science, and Law. Masters in Business & Management: ₹70 – ₹80 lakhs Masters in Computer Science & IT: ₹20 – ₹30 lakhs Masters in Engineering & Technology: ₹30 – ₹40 lakhs Masters in Law: ₹20 – ₹30 lakhs Masters in Social Sciences: ₹20 – ₹30 lakhs The tuition fee ranges for Bachelor's and Master's programs in Canada serve the purpose of helping you determine the budget required for your studies. Selecting the most costly programs is unnecessary, as high expenses do not always equate to better education. Similarly, choosing the cheapest university for financial convenience may not ensure satisfaction. It is recommended to strike a balance between your budget, tuition fees, and your educational goals.  Please note that Canadian college fees can be extremely high, sometimes exceeding ₹60 lakhs per year, but we have excluded them from the tuition ranges as they are infrequent. 3. Inexpensive Canadian universities Here is a list of universities in Canada that are more affordable: University of Regina: ₹1.5 – ₹8.5 lakhs Memorial University of Newfoundland: ₹3.5 – ₹12.5 lakhs Athabasca University: ₹11 – ₹13.5 lakhs University of Saskatchewan: ₹18 – ₹44 lakhs Royal Roads University: ₹20 – ₹30 lakhs Several study programs at Canadian universities, even the most affordable, have an annual cost exceeding ₹20 lakhs. Typically, these programs include Master's degrees in Business, Law, Dentistry, and MBA (Master of Business Administration). Pursuing an MBA can be particularly expensive, with tuition fees exceeding ₹30 lakhs per year. Recommended universities in Canada University of Toronto Thompson Rivers University York University University of Winnipeg Humber College The tuition fees for international students studying in Canada in 2023 that were previously mentioned are derived from the study programs featured on our portals. You may come across degree programs that are less expensive or more costly than the ones offered by these universities. Fee Structure of UK Universities Read More Cost of living for a student in Canada Living expenses in Canada vary by location, ranging from ₹50,000-92,000/month in most provinces to ₹1.25 lakhs/month in Vancouver and Calgary.  Accommodation options include: Student residences cost ₹15,000 - ₹40,000/month. University-arranged homestays cost ₹25,000 - ₹50,000/month. Apartment rentals cost ₹18,000 - ₹43,000/month. Essential utilities cost around ₹10,000/month, and the internet typically runs between ₹3,000-4,300/month.  Food costs can be kept to around ₹18,000/month by shopping at affordable supermarkets while dining out can be expensive (₹600 - ₹1,500/meal).  Monthly transport passes are discounted at ₹5,500 for university students aged 18-25. Taxis cost ₹120-400/kilometer. Funding and financial support Although tuition fees for international students in Canada may be high in 2023, don't let that discourage you from pursuing your dreams! Fortunately, numerous financial aid programs are available to support international students in Canada. Below are just a few examples: 1. Scholarships offered by Canadian universities for Masters's and PhD programs. 2. Scholarships designed to promote collaboration between non-Canadian academic institutions and the local academic community. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts. Consult an expert advisor to get the right plan Talk To An Expert
Fee Structure for UK Universities

Fee Structure for UK Universities

International students have always favored the United Kingdom as a study-abroad location. This has been particularly true for international students, including those from the European Union (EU), European Economic Area (EEA), and Switzerland. However, due to Brexit, new regulations have taken effect in 2021 for all EU/EEA and Switzerland citizens. We have compiled this blog with all the information you need about tuition and living expenses in the UK to clarify everything for your child and all the other international students. https://www.youtube.com/watch?v=o-xEGg3N0Os UK University tuition fees There have previously been two different tuition fee structures available in the UK: The cost for domestic students, Irish nationals, and those from the EU, EEA, and Switzerland often pay these lower fees. The cost for international students is significantly higher for all remaining non-EU/EEA students, sometimes by two or three times. However, after Brexit, a lot is different. For students who are from Switzerland or the EU/EEA and have started studying in the UK after January 1, 2021, the following are the key details they need to be aware of: They do not have the domestic fee status or access to student loans and are required to pay the total tuition costs set by each university individually if they have arrived in the UK after January 2021 and began their study program after August 2021. These changes do not affect Irish nationals and students who began courses before implementing this new policy. https://www.youtube.com/watch?v=EyP3Li4ofNg 1. Tuition fees at UK’s public universities Tuition fees at public UK universities can vary widely. Depending on the university, the discipline, and the length of the studies, the domestic cost typically runs from ₹5 to 9.2 lakhs per year. The international fee is typically more than the initial domestic fee by ₹2.5 – 7.2 lakhs. In some circumstances, it may even be twice as expensive as the domestic cost. 2. Tuition fees at UK’s private universities Private higher education is often more expensive, while private university study programs offer tuition fees equivalent to those at public institutions. Furthermore, these institutions frequently do not distinguish between people of the EU/EEA and those of other countries. Students may pay anything from ₹4.5 to over 32 lakhs per school year. Business and medicine are the most expensive majors at both public and private colleges. Living Expenses in the UK for International Students Read More Recommended universities in the UK Imperial College London King’s College London Coventry University Hult International Business School Leeds Beckett University Living expenses of students in the UK Living as an international student in the United Kingdom is not inexpensive. However, where they choose to live significantly impacts how much money they spend. Monthly living expenses in well-known locations like London might easily exceed ₹1.3 lakhs. But they can live comfortably in smaller towns with a monthly budget of ₹60,000 - 1.1 lakhs. 1. Costs of student accommodation  Many colleges offer dorms for students in the UK. These places provide excellent value for money and include utility fees in the final cost. First-year students mostly prefer student residential halls. Many graduates rent a private space after their first academic year, alone or with other students. Although it is more expensive, this choice provides a more accurate picture of what life is like in the actual world. These accommodations cost between ₹60,000 to 1.3 lakhs/month. Monthly expenses and utilities will cost another ₹10,000–17,000 to your expenditure. 2. Cost of food in the UK Students will be spending between ₹15,000 and 26,000 on food and groceries. This budget will increase quickly if they eat out and order food often.  3. Transportation costs Your child can choose from various public transport options for their daily commute, most of which offer discounts to students or young people. There may be regional or city-specific variations to these discounts, but the following are a few instances: Train: Full-time students who purchase a Young Persons Card, which typically costs ₹3,000, receive a 30% discount. Tube within London: 30% off the Oyster Student Card bus for students over 18.  Bus: For a one-way ticket, they must pay ₹150-300. 4. University scholarships and grants International students can apply for scholarships and other financial aid forms in the UK. They must fulfill the admission requirements to be a successful applicant. Scholarships are typically given out based on various factors, including financial need, nationality, prior academic success, etc. Criteria to obtain higher education loans for the UK Read More Conclusion  Universities and colleges in the United Kingdom are sought after for their quality of education. Hence, it is a great destination to send your child to study. But it is one of the most expensive countries to live and study in. Always look for scholarships and financial aid options before finalizing the university. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts. Consult an Expert Advisor
Tips for preparing for college application

Tips for preparing for college application

Preparing your college application can be a daunting task, but it's an important step toward securing your future in higher education. As a high school student, you're likely to encounter a myriad of options when it comes to colleges to apply online. The right choice can pave the way for an enriching academic journey, but the wrong one can lead to missed opportunities. To ensure that you put your best foot forward, it's crucial to prepare your college application thoroughly. In this article, we'll provide you with essential tips for preparing your college application, including what to include and what to avoid. By following these tips, you'll be well on your way to creating an impressive application that showcases your potential for success in higher education. Tips for your college application 1. Start early One of the most crucial tips for preparing your college application is to start early. Many students make the mistake of waiting until the last minute to start working on their application, which can lead to a rushed and subpar result. Starting early gives you ample time to research your options, gather your documents, and prepare your application carefully. 2. Research the colleges Before you start filling out your college application, take the time to research the colleges you're interested in. Look at their admission requirements, tuition fees, programs offered, and campus culture. This will help you determine which colleges are the best fit for you and ensure that you're only applying to schools that align with your academic and personal goals. 3. Tailor your application When preparing your college application, it's essential to tailor it to the specific college you're applying to. This means paying attention to the school's admission requirements and ensuring that you meet them. You should also customize your application to highlight your strengths and experiences that align with the college's mission and values. 4. Focus on your personal statement Your personal statement is one of the most critical components of your college application. You have an opportunity to impress the admissions committee by showcasing your character, values, and accomplishments. To make your personal statement stand out, focus on telling a compelling story that highlights your unique qualities and experiences. 5. Avoid common mistakes When preparing your college application, it's important to avoid common mistakes that can derail your chances of admission. Some of these mistakes include submitting incomplete or inaccurate information, using inappropriate language, and failing to proofread your application for errors. 6. Seek guidance Preparing your college application can be a challenging process, but you don't have to go through it alone. Seek guidance from your high school counselor, college admissions advisors, and other trusted sources to ensure that your application is the best it can be. They can provide you with valuable feedback and advice that can help you improve your application and increase your chances of admission. 7. Use the same email address Another way to maintain consistency in your college application is by using the same email address. This will ensure that all communication from the colleges you're applying to will go to the same inbox, making it easier for you to keep track of everything. 8. Be consistent with dates When filling out forms, make sure that all dates (such as your birthdate or graduation date) are consistent. This will help avoid any confusion or discrepancies that may arise when colleges are reviewing your application. 9. Check for consistency in your essays If you're submitting essays as part of your application, be sure to check for consistency in your writing. For example, make sure you're using the same tense throughout the essay and that you're consistent in your use of abbreviations or acronyms. 10. Review your application for consistency Before submitting your application, take the time to review it for consistency. Double-check that your name, email address, dates, and other information is consistent across all forms and essays. This will help ensure that your application is accurate and professional-looking. 11. Consider using a checklist To make sure you're consistent in all aspects of your application, consider using a checklist. This can help you keep track of what you've already submitted and what still needs to be done, reducing the chances of mistakes or oversights. Conclusion preparing a college application can be a daunting process, but being consistent in your approach can make it easier and increase your chances of success. Starting early, researching colleges, tailoring your application, focusing on your personal statement, avoiding common mistakes, and seeking guidance are all important tips to keep in mind. Additionally, maintaining consistency across all aspects of your application, such as using the same name, email address, and dates, can help ensure accuracy and prevent delays or errors. By following these tips and striving for consistency, you can create an impressive college application that showcases your strengths and potential, setting you on the path toward a successful academic career.
What is the cost of studying medicine in the USA?

What is the cost of studying medicine in the USA?

The United States is an attractive destination for those looking to pursue an MBBS, with its highly regarded medical facilities and top-notch professionals who can provide students with endless career opportunities.  In addition, studying in the USA offers access to state-of-the-art medical technology and updated educational resources. Medical universities in the USA also have strong ties to renowned hospitals, further enhancing students' learning experiences.  The cost of pursuing an MBBS in the USA from top institutions ranges from 18,000 USD to 86,000 USD annually. For Indian students, the average cost of MBBS fees in the USA falls between 18 and 52 Lakhs. It is recommended that students apply between April and June to take advantage of this program.  This article provides comprehensive research on the fees and other expenses associated with pursuing an MBBS in the USA. Factors affecting the total expense of MBBS study in the USA  When considering the expenses of studying MBBS in the USA, one must take into account the cost of tuition fees and living expenses. The overall cost can seem quite significant, as the cost of living in the USA is generally high and can vary depending on the location. These expenses can be divided into three main categories: tuition fees, living expenses, and pre-arrival and post-arrival costs.  However, it is also important to consider the pre-arrival costs associated with studying MBBS in the USA. These expenses include various costs that must be incurred before arriving in the country.  Pre-arrival fees for MBBS programs in the USA  Before traveling to the USA to study MBBS, there are certain pre-arrival costs that must be taken into consideration. These expenses include:  Entrance Exam: Most medical schools in the USA require applicants to take the MCAT (Medical College Admission Test) as a prerequisite for admission. The cost of taking the MCAT can range from $320 to $410 depending on the location and date of the exam.   Flight Tickets: The cost of flight tickets to the USA varies depending on the airline, season, and location of departure. It is advisable to book tickets well in advance to get the best deals.  Medical Checkup: International students are required to undergo a medical checkup before entering the USA. The cost of this checkup varies depending on the country of origin and the medical facility.  Student Visa Fees: International students are required to obtain a student visa to study in the USA. The application fee for a student visa is $160, and it may take several weeks for the visa to be processed.  Medical Insurance: Most universities in the USA require international students to have medical insurance. The cost of medical insurance can vary depending on the coverage provided.  It is important to keep in mind that these pre-arrival costs are in addition to the tuition fees and living expenses associated with studying MBBS in the USA.  Post-arrival fees for MBBS studies in the USA  The cost of studying MBBS in the USA can be divided into two main categories: tuition fees and cost of living.  Tuition Fees: The tuition fees for an MBBS course in the USA can range from 18,000 USD to 86,000 USD per year. For Indian students, the fees can range from INR 17 Lakhs to 55 Lakhs per year. The fees vary depending on the medical school and program selected.  Cost of Living: The cost of living in the USA can range from 1,200 USD to 2,500 USD per month. This cost includes accommodation fees, room and board, food, travel, study materials, and other expenses. The living expenses can vary depending on the location and lifestyle of the student.  In addition to the tuition fees and living expenses, international students must also consider pre-arrival and post-arrival costs, such as entrance exams, flight tickets, medical checkups, student visa fees, and medical insurance.  It is important to note that the cost of studying MBBS in the USA can be quite high. However, there are various scholarships and financial aid options available for international students to help offset these expenses.  Cost of MBBS Education in the USA  When it comes to studying MBBS in the USA, tuition fees play a significant role in determining the cost. The MBBS course fees in the USA can range between 18,000 USD to 86,000 USD per year, depending on the university and its location. Here is a list of some top medical institutions along with their annual average fees in USD and INR.  Harvard University charges 66,000 USD or 51.64 Lakhs INR per year  Stanford University charges 55,300 USD or 42.91 Lakhs INR per year  Johns Hopkins University and the University of California, Los Angeles (UCLA) charge almost similar fees, which are 55,680 USD or 43.15 Lakhs INR and 49,400 USD or 38.29 Lakhs INR, respectively.   Yale University charges 59,000 USD or 45.79 Lakhs INR per year  The University of California, San Francisco (UCSF) charges 49,400 USD or 38.29 Lakhs INR per year.   Columbia University charges the highest fees among these institutions, which is 63,9000 USD or 49.55 Lakhs INR per year.  The University of Pennsylvania, Duke University, and the University of California, San Diego also charge substantial fees, ranging from 47,700 USD or 36.97 Lakhs INR to 62,100 USD or 48.12 Lakhs INR per year.  Cost of living in the USA for Indian Students  The cost of living for an international student pursuing an MBBS in the USA includes various expenses, such as accommodation fees, food, electricity, stationary, transportation, and miscellaneous expenses. The monthly cost of accommodation ranges from 1,000 USD to 2,500 USD, depending on the type and location of the accommodation. On average, students spend around 1,475 USD per month on accommodation.  The cost of food can range from 300 USD to 1,000 USD per month, with an average cost of 500 USD per month. Electricity bills usually cost around 75 USD per month. Stationary expenses, including books, materials, and supplies, can range from 100 USD to 500 USD per semester or quarter, with an average cost of 250 USD per month.   Transportation costs also vary depending on the location and mode of transportation, with an average cost of 150 USD per month. Miscellaneous expenses, such as health insurance, personal care items, and leisure activities, can range from 100 USD to 500 USD per month, with an average cost of 200 USD per month.  Studying MBBS in the USA is a significant investment for international students. The cost of studying MBBS in the USA involves both pre-arrival and post-arrival expenses, including entrance exam fees, flight tickets, medical checkups, visa fees, medical insurance, tuition fees, and cost of living expenses.   The tuition fees for MBBS in the USA vary depending on the institution and location, ranging from 18,000 USD to 86,000 USD per year. The living expenses, which include accommodation, food, transportation, and other miscellaneous costs, can range from 1,200 USD to 2,500 USD per month.   Therefore, it is essential for students to plan their finances and research thoroughly before making a decision to study MBBS in the USA. Despite the high costs, studying MBBS in the USA offers excellent opportunities for students to gain a world-class education, access to advanced medical facilities, and exposure to diverse cultures and experiences. 
Cost of universities for Parents

Cost of universities for Parents

Parents who genuinely want to ensure that their kids receive the best are going above and beyond and spending a sizable sum of money on their children's upbringing.  Young children have many options, particularly in large cities like Bangalore, Pune, Delhi, etc. Expensive foreign schools, premier engineering universities, luxury dance academies, and a large variety of extracurricular activities are all options.  Any prospective student and their parents should start saving money now. Even if your child starts college in a few months, it's always possible to start saving, mainly since the first few months may be the most expensive. Cost of Universities  Parents' spending on their children's university education includes various costs, from tuition fees and accommodation to laptops and textbooks. The tuition fee is only one part of the expense. The travel cost is relatively high if the child is abroad and wants to visit home at least twice a year. Not considering the living expenses is one of the most common mistakes people make while planning their child's education. Eating out and takeaways make for the biggest spend. Educational tech purchases like laptops make for a large chunk of the total expense. However, globally, students spend most on paying credit card bills, personal loans, and student debt. 1. Indian universities Universities in India are highly competitive and provide quality education and co-curricular activities. Government universities and private ones, have a lot of scopes and offer great placements. Engineering, commerce, and medicine are a few fields that are given maximum value due to their sought-after departments in most Indian universities. Indian parents roughly contribute about ₹10 lakhs towards their child's higher education in India. The overall expenditure is about ₹20 lakhs for the university program, including living expenses, bills, and lifestyle costs. There are, of course, scholarships available, but they depend on many factors, including merit and availability. 2. American universities The charm of the United States will never fade. The United States of America is desirable for students and citizens everywhere. Hundreds of American colleges and universities have made it onto lists of the most outstanding universities in the world, proving that they are of the highest caliber.  The estimated cost of living is ₹80 lakhs or roughly ₹20 lakhs per year to cover living expenditures. For the full degree, the cost of undergraduate studies can be between ₹90 lakhs to ₹1 crore. Scholarships for education in the USA are available, which can lessen the financial load. Institutions in the United States provide need-based and merit-based scholarships. Enrolling at public or state-funded universities in the USA is another way to ensure affordable education. Compared to private universities, these are less expensive. 3. Canadian universities Canada is steadily rising in popularity as a top choice for students looking to study abroad. Students from across the world view Canada as an affordable and secure location for education because of its multicultural culture and inviting atmosphere.  For Indian students, the cost of studying in Canada can range from ₹50 to 60 lakhs for living expenditures and ₹80 to 90 lakhs for undergraduate programs. These significant expenses include many small expenses like study materials, clothes, travel expenses, etc., given that your child does not follow a luxury lifestyle. 4. UK universities In the UK, there are many top-notch institutes of higher learning. It is a well-liked location for higher education abroad because of its policies regarding post-study work visas, as well as the financial aid and scholarships provided to international students.  The cost of living varies depending on where you live and the kind of housing you choose. You might spend less on other needs in the UK if you plan to stay with a family. Most of your daily costs will be covered by a homestay, which can help you budget for the price of studying abroad. For the length of the program, the average cost of living in the UK can be between ₹30 lakhs. and ₹35 lakhs. Additionally, undergraduate courses would cost between ₹75 - ₹85 lakhs. 5. Australian universities Australia has been and always will be one of the top choices for students worldwide seeking higher education. The nation is renowned for its top-notch educational institutions, especially the Group of Eight. Another element luring individuals to this nation is the standard of living there.  For the duration of the program, living expenses in Australia can be in the range of ₹50 – ₹60 lakhs. You should budget an average of ₹80 – ₹90 lakhs for the cost of an undergraduate program. It's tougher to get into an Australian University as they require higher merit, and there are fewer scholarships available due to the same. Conclusion  University tuition is typically expensive. When budgeting for your child's education, be practical and factor in all expenses. Today's students tend to spend more on lifestyle costs, so talk to your kids about this to help them make better financial decisions. Help them find ways to save money, and encourage them to use apps and calculators for budgeting.  Also, make early preparations to ensure that your child attends the university of their preference without putting you under a financial burden. FAQs How much do universities cost in India? Studying in India will cost anywhere between INR 30,000 to INR 350,000 ($5,000) per academic year. The tuition cost is determined by a host of factors like course fees, type of institution (private or public), candidate's financial background, and nationality of the candidate. What is the average budget of a student? The budget of any student depends on their course, country, and college. Course fees are the biggest expense for a student, followed by the country's living expenses and finally the college's lifestyle and extra expenses and annual costs. In India, it can range between 20,000 to 2 lakh for college students based on their lifestyle and expenses. Are any universities free? Yes, there are many universities in countries like India, Taiwan, Mexico, Denmark, Finland, Iceland, Norway, and Sweden all offer opportunities to study free or at low cost. However, it depends on the university and the course you opt for. How much do universities cost in the UK? The average tuition fee in the UK can be between ₹30 lakhs- 35 lakhs per annum for international students. International students are charged a higher fee than national students in the UK. TALK TO AN EXPERT
How much does it cost to study MBA in Canada

How much does it cost to study MBA in Canada

Planning to do an MBA? But can’t decide where to go and get this degree. Canada could be the answer! Known for its exceptional courses, the cost to study MBA in Canada starts from INR 20 -30 lakhs for international students.   It is one of the most popular and competitive courses offered by Canadian Universities and has an exceptional ROI. Students from across the globe have access to working with the world’s best companies like Goldman Sachs, BCG, Johnson & Johnson, Gartner, etc.  Canada's high standard of education draws students from around the world. The teaching style, updated course offerings, range of MBA specialties, and internship and job placement options offered by Canadian colleges have raised their global standing. In the QS World University Rankings, a number of universities are ranked highly.   To start an MBA program at a Canadian university, you must first be financially prepared. To start an MBA program at a Canadian university, you must first be financially prepared. To assist you in taking the first step, this article will provide you with a thorough understanding of the associated expenditures.  Leading elements that affect MBA tuition in Canada  A foreign student's decision to pursue an MBA in Canada is mostly influenced by the cost of tuition, living expenses, and other costs. The cost of living might vary significantly depending on the lifestyle, spending plan, and spending habits of the student. Students can get a general idea of the costs connected with studying in Canada by familiarizing themselves with the anticipated MBA fee structure in Canada.  Application fee - 3,020 INR - 9,318 INR per application  Academic test- 15,475 INR - 22,400 INR per exam  Additional scorecard - 1,500 INR - 2,850 INR per scorecard  Average tuition fee - 24,16,593 INR - 60,71,690 INR per annum  Canadian student visa fee - 9,170 INR  MBA costs in Canada for Indian students  The majority of the total MBA costs in Canada are made up of the MBA fees for overseas students. The actual cost of attending school in Canada, particularly for MBA specialties, varies depending on your preferences and the institution you attend. You can check the university's official website for the admission and school year you are planning to apply for as an overseas student. The table below contains a ranking of the top MBA universities in Canada for Indian students.  Ivey Business School, University of Western Ontario - 74,61,231 INR per annum  Desautels Faculty of Management, McGill University - 60,11,275 INR per annum  Rotman School of Management, University of Toronto - 82,41,186 INR per annum  Smith School of Business, Queen’s University - 62,89,183 INR per annum  Schulich School of Business, York University - 67,81,564 INR per annum  Living expenses and MBA costs Next, let's talk about the living costs for overseas MBA students studying in Canada. These are significant contributing variables to the price of an MBA program in Canada. The table below is a list of all the basic and required expenses that must be paid when an international student is studying in Canada. The average cost of an MBA program in Canada.  Accommodation - INR 24,500 - INR 36,700 Food & Grocery -INR  12,053 - INR 18,000 Transportation - INR 6,000 - INR 15,000 Internet- INR 1,800 - INR 3,000 Miscellaneous - INR 36,200 - INR 42,200 Other important MBA studying costs There are other necessary charges to be paid in addition to the MBA in Canada fees and living costs. Below, we have a detailed explanation of them.  Visa Cost   You must pay the visa cost as an international student when you apply for a student visa to study for an MBA in Canada. It costs 150 CAD or 9,170 INR, and the biometric fee is 85 CAD or 5,200 INR.  Application Fees  You should submit an application fee when submitting your MBA application through a Canadian university's official website. It needs to be paid at the same time as submitting the online application. Each university has a separate price. The price ranges from 45 CAD (2,750 INR) to 200 CAD (12,220 INR).  Student Health Insurance Abroad  International students may be eligible for health insurance from some universities. You can look for MBA tuition costs in Canada on the university's official website. If such were the case, other expenses would be covered by the MBA tuition for overseas students in Canada. Before you apply for your student visa, you must have health insurance. Therefore, you must buy health insurance if your university does not provide coverage and the government of the state in which your university is located does not provide health insurance to international students.  Conclusion  You can make additional plans now that you are fully aware of the different costs associated with studying for an MBA in Canada. You can choose the style of lodging you wish to stay in and come to a decision regarding the whole cost of your MBA studies in Canada. In order to achieve your educational objectives, it is crucial to pick the best MBA specialization and a Canadian university.  TALK TO AN EXPERT
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