Studying abroad isn't just about books and lectures – it's a life-changing adventure. Imagine exploring vibrant cities, making friends with people from around the world, and embracing new cultures. It's a chance to grow personally and academically, with access to top-notch professors and exciting courses.
However, there are expenses that come with living and studying abroad. The foreign exchange rate itself is enough to make you consider your plans. Plus, you may be unsure of the required budget. We are here to support you every step of the way on your educational journey.
To assist you, we've outlined the common expenses you may incur while studying in popular destinations like the US, UK, Ireland, Australia, New Zealand, and Canada. We hope these insights help ensure you're well-prepared for the road ahead.
Important Costs to Consider and Manage
Studying at a university overseas can be costly, with various expenses to consider. The costs also depend on the city you are going to, the university you have chosen, and the degree program you have applied to.
Typically, you may only plan for tuition fees and accommodation costs. But there are always additional expenses to account for. These costs can add up, especially abroad.
- Monthly bills for necessities like phone plans, TV subscriptions, Wi-Fi, and utilities can quickly mount, especially for those experiencing independent living for the first time.
- Consider travel expenses, including commuting to campus, exploring new surroundings, food, entertainment, and travelling home during breaks.
- University-related costs such as field trips, club memberships, and course-specific materials may arise unexpectedly.
It's important to anticipate these costs and research the most cost-effective options. Planning and evaluating the value of these extras can assist in budgeting effectively.
How can you manage the costs of studying abroad?
● Being financially aware and prepared is half the battle won.
● Cut out unnecessary expenses.
● For a more affordable study abroad experience, consider various scholarships and internships offered by universities for international students.
● Research more affordable options regarding universities, accommodation, cities etc... before proceeding.
Reach out to IDP for any assistance regarding these and more.
What is the cost of studying in the USA?
There are no prizes for guessing the top choice for Indian students when deciding to study abroad, the United States. With the US being home to several highly-ranked universities from the Ivy League, it’s no wonder it’s one of the most sought-after destinations. Picture this. About 4 lakh plus Indian students went to the US in 2022 for studies, as per statistics from the US Citizenship and Immigration Services (USCIS).
Note that study costs can depend on the type of course and university you choose. Typically, subjects such as humanities, education, and arts are cheaper to study than STEM subjects. If you’re considering the US, you should know that there are two types of universities in the US that you can apply for, public and private. Public or state universities are cheaper than private ones in terms of education costs.
Check out the universities in the US.
Here are the indicative figures for education and living costs in the US:
Parameters |
Cost in USD |
Cost in INR |
Tuition fees |
20,000-55,000 yearly (depending on graduate, postgraduate, or doctoral programs) |
20 -50 lakhs |
Housing expenses (including rent, electricity, and other utilities) |
450-3,600 monthly depending on the type of accommodation (hostel, rental, homestay, campus etc) |
37,000-3,00,000 lakhs |
Living expenses (food, groceries, clothing etc) |
1,200 approx per month |
10,00,00 per month, 10-12 lakhs per year |
Transport expenses |
80 for a monthly pass |
6,700 |
Visa costs |
160-180 |
15,000 |
Entertainment costs |
70-100 monthly |
8,500 |
Health insurance |
700-1,000 per annum |
84,000 |
Miscellaneous expenses |
100-300 monthly |
25,000 |
What is the cost of studying in Canada?
Canada is also another excellent option for Indian students to study abroad. It also offers globally reputed universities and programs that attract international students. There were more than 1,83,310 Indian students in Canada (in 2023), and the numbers keep growing (ICEF Monitor).
Compared to the US, it is more affordable for education and living costs.
There are also a number of scholarships on offer to deserving students. Our website lists more than 1500 scholarships offered by Canadian universities. Again, don't forget that STEM subjects are costlier when compared to humanities or art.
Explore the list of Canadian universities and apply to the ones that suit you best!
Here are the indicative figures of education and living costs in Canada:
Parameters |
Cost in CAD |
Cost in INR |
Tuition fees |
12,000-50,000 p.a (depending on graduate, postgraduate, or doctoral programs)
|
65,000-30,000,000 lakhs |
Housing expenses (including electricity and other utilities) |
250-2,300 monthly depending on type of accommodation (hostel, rental, homestay, campus etc) |
142,500 |
Living expenses (food, groceries, clothing etc) |
approx 2,200 |
136,300 |
Transport expenses |
105 for a monthly pass |
6,500 |
Visa costs |
150 |
9,300 |
Entertainment costs |
70 per month |
4,300 |
Health insurance |
300-900 per annum |
50,000 |
Miscellaneous expenses |
100-200 per month |
12,400 |
What is the cost of studying in the UK?
The UK is another popular destination for Indian students. Again, the costs depend on various factors, such as the selected course, university, and location. For example, the cost and rules may vary depending on the country in the UK you opt for - Scotland, England, Wales, or Northern Ireland.
The UK offers student-friendly benefits, from scholarships to post-study work visas. This makes it an attractive option for international students looking to study and further their careers in the country.
Discover the top universities in the UK!
Here are the indicative figures of education and living costs in the UK:
Parameters |
Cost in GBP |
Cost in INR |
Tuition fees |
10,000-25,000 p.a. (depending on graduate, postgraduate, or doctoral programs) |
2,633,000 lakhs |
Housing expenses (including rent, electricity, and other utilities) |
1,200-1,300 monthly depending on type of accommodation (hostel, rental, homestay, campus etc) |
136,950 |
Living expenses (food, groceries, clothing etc) |
600-800 per month approx |
85,000 |
Transport expenses |
68-70 for a monthly pass |
7,300 |
Visa costs |
350 |
36,872 |
Entertainment costs |
60-100 monthly |
10,500 |
Health insurance |
300 p.a. |
31,604 |
Miscellaneous expenses |
200-300 monthly |
31,604 |
What is the cost of studying in Ireland?
Even though Ireland may not be the top choice for Indian students opting to study abroad, it is worth looking into as an alternative to the UK or the US. Not convinced? Explore our article on Why and Where to Study in Ireland for more information.
Students from over 160 countries study in Ireland. According to India’s Ministry of External Affairs, over 5,000 Indian students opted for Ireland in 2022, and the numbers are increasing each year. An important aspect is that it is a highly affordable study destination.
Ireland’s rich history and landscape is another attractive feature for international students. Moreover, the academic approach of Ireland universities is like that of British institutions, and it is the only English-speaking country in the EU.
Explore universities in Ireland.
Here are the indicative figures of education and living costs in Ireland:
Parameters |
Cost in Euros |
Cost in INR |
Tuition fees |
11,000-35,500 |
8-31 lakhs |
Housing expenses (including electricity and other utilities) |
1,500-2,000 monthly |
126,000 – 180,000 |
Living expenses (food, groceries, clothing etc) |
1,400 monthly |
126,000
|
Transport expenses |
100 monthly pass |
9,000 |
100 |
9,000 |
|
Entertainment costs |
60 monthly |
5,400 |
160 for one year or less |
14,400 |
|
Miscellaneous expenses |
100 monthly |
9,000 |
What is the cost of studying in Australia?
Australia is also quite popular for Indian students looking to study abroad. With renowned institutions, especially the Group of Eight, Australia attracts many students from across the globe. The active lifestyle and outdoor adventures that Australia offers are unparalleled, making it very attractive to young people.
For example, Melbourne hosts a huge international community and is very liveable. It ranks 4th according to the QS Best Student Cities Rankings, 2024. Remember that the cost of studying and living in Australia varies from city to city and university.
Check out universities in Australia.
Here are the indicative figures for education and living costs in Australia:
Parameters |
Cost in AUD |
Cost in INR |
Tuition fees |
8,000-45,000 p.a. (depending on graduate, postgraduate, or doctoral programs) |
2,500,000 lakhs |
Housing expenses (including electricity and other utilities) |
2,400-2,900 monthly |
158,907 |
Living expenses (food, groceries, clothing etc) |
1,800-2,800 monthly |
153,400 |
Transport expenses |
170 for a monthly pass |
9,315 |
Visa costs |
630 |
35,000 |
Entertainment costs |
100 monthly |
5,400 |
Health insurance |
609-900 p.a |
188,269 |
Miscellaneous expenses |
100-200 monthly |
10,950 |
What is the cost of studying in New Zealand?
Considered as a sibling to Australia, New Zealand is one of the most scenic places to study. It is smaller in area than Australia, with two islands and a population of just over five million, but big on opportunities. Its beautiful coastline along with plenty of outdoor activities that one can indulge in makes it a favourite destination for today’s Gen Z. New Zealand is home to almost 35,000 international students and welcomes people from all over the world.
Did you know that New Zealand is home to many top universities as well?
Here are the indicative figures for education and living costs in New Zealand:
Parameters |
Cost in NZD |
Cost in INR |
Tuition fees |
7,000-50,000 (depending on graduate, postgraduate, or doctoral programs) |
2,500,000 lakhs |
Housing expenses (including electricity and other utilities) |
2,100-2,500 monthly |
127,100 |
Living expenses (food, groceries, clothing etc) |
2,300 monthly |
116,940 |
Transport expenses |
200 for a monthly pass |
10,000 |
Visa costs |
438 |
22,291 |
Entertainment costs |
80 monthly |
4,000 |
Health insurance |
647 p.a. |
32,909 |
Miscellaneous expenses |
100-200 monthly |
10,000 |
Get in Touch with IDP Experts
The list above should give you a fair idea of the budget required to plan your studies abroad. Always do your due diligence, plan well, and consult experts before deciding.
Quality often comes at a cost, and choosing good universities abroad for your academic journey is no exception. University education abroad is expensive, but with planning and research, you can achieve your dreams.
If you’re stuck, our expert education counsellors are always glad to assist you. Get in touch with us for a free consultation.
This article was last updated in February 2021 by our content writer, Roshna Mohan. We have since revised it to include up-to-date information and ensure its comprehensiveness.
Source: Numbeo.com, ICEF Monitor, Indian Ministry of External Affairs