💵Cost Of Studying In New Zealand: Key Details

Hi! I’m Astronaut Alex 👨‍🚀🚀, and today, we’re talking about the cost of studying in New Zealand. If you are someone, who wants to study in New Zealand, then this is the right place for you as I’ll take you through the whole process of studying in New Zealand.

Located in the Pacific Ocean, New Zealand is an island country which is known for its spectacular beauty, Maori culture, and its rugby team. Apart from this, it is also known for providing excellent higher education opportunities across various disciplines. When compared to other developed countries, the cost of studying in New Zealand is comparatively lower. With its world-class faculty and high-tech infrastructure, the country attracts more than 1 lakh students from across the globe. Before applying to any degree program, it is important to take certain expenses like the tuition fee, accommodation costs, meals, travel, health coverage, etc in mind. In this blog, we will shed light on the approximate cost of studying in New Zealand.

Cost of Studying in New Zealand: Tuition Fees

Tuition fees form an important part of the final estimation of the cost of studying in New Zealand. Since every university has its fee structure, the total fees vary from one institute to another. Given below are the general cost estimates for courses at undergraduate and postgraduate levels: 

Tuition Fees For Undergraduate Programs

The yearly tuition fees for international students studying undergraduate courses in the prestigious universities of New Zealand generally range between NZ$ 22,000 – 32,000 (INR 10 lakhs-14 lakhs). This fee is higher for those who want to major in fields like Engineering, Medicine, Veterinary Science, Dentistry, etc. and have to pay approximately NZ$ 25,000 to 75,000 (INR 11 lakhs to 35 lakhs) per year. 

Also Read: MBBS in New Zealand

Tuition Fees For Postgraduate Programs 

The cost of studying in New Zealand for graduates is somewhat more expensive than the cost of studying undergraduate courses. The international students have to bear the tuition fees which range between NZ$ 26,000 – 37,000 (INR 12 lakhs- 17 lakhs). However, international PhD students shed the same amount as domestic PhD students, which is approximately NZ$ 6,500 – 9,000 (INR 30,000 –  40,000).

Also Read: Masters in New Zealand 410

Cost of Studying in New Zealand: Accommodation 

For international students, the student accommodation costs have to be included in the final estimates of the cost of studying in New Zealand. Although the majority of universities provide students with on-campus residential facilities, the students also have the option of staying off-campus or self-catered accommodations. On average, the cost of staying in the residential apartments of universities is NZ$ 270 (INR 13,000) per week. On the other hand, the cost of self-catered settlements is approximately NZ$ 170 (INR 8,000) per week. 

Note: The accommodation costs may vary from one city to another

Cost of Studying in New Zealand: Student Visa

While calculating the total cost of studying in New Zealand, student visa charges are also considered. You can apply for the visa either online or through paper and based on the mode, the fees vary. On average, NZ$270(INR 13,000) is charged for applying through the online mode. Apart from a valid full-time student visa, you also need to have medical and travel insurance. As an international student, you can stay in the country for up to 4 years and work 20 hours per week.  To know about the application process in detail, you can visit the immigration department website of the Government of New Zealand.

Note: Being an international student, you also need to keep approximately NZ$ 15,000 (INR 68,000) to prove that you can support your living expenses throughout the year.

👉Other Expenses

Apart from the basic expenses like tuition fees, accommodation costs, and student visa, the cost of studying in New Zealand also includes other essential living expenses, the approximate costs of which have been tabulated below: 

Transportation/Travel	NZ$ 4 (INR 180)
Books and Supplies	NZ$ 500 (INR 23,000)
Electricity/Gas/Water	NZ$ 100 (INR 4,600)
Mobile Plan	NZ$ 10 (INR 500)
Food and Entertainment	NZ$ 170 (INR 7,000)

👩‍⚕️Health Support And Insurance

Before the start of their program, all students leaving India for New Zealand must get medical insurance. For overseas students, several New Zealand colleges and universities have started offering comprehensive health insurance policies, however, they only apply while your program is still in effect and end when it does.

You may need to make arrangements for private health insurance since certain universities may not provide any coverage. The average annual cost of medical insurance in New Zealand is between $200 and $700. (indicative). All Indian students studying in New Zealand have access to a wide range of health and support services.

For international students, health insurance is relatively reasonably priced. For instance, StudentSafe’s StudentSafe (a popular option among students) offers yearly health and travel insurance coverage for about $590.

Taxes And Deductions

Without an IRD number, often known as an Inland Revenue Department number, Indian students in New Zealand are unable to get employment. You can work 20 hours per week throughout the school year and full-time during breaks thanks to this. Your earned income will be taxed if you decide to work while you study.

Keep in mind that changes in currency rates may have an impact on your budget. While you are studying in New Zealand, we advise you to hunt for part-time employment or apply for scholarships at the colleges you are interested in. This can significantly reduce the cost of your study abroad programme.

Also Read: Cost of Studying in Canada

🇳🇿 Funding to Study in New Zealand

You might hunt for a part-time job to support yourself financially while you study. It is not advised to rely on this to pay for living expenses. You may work part-time for up to 20 hours a week while enrolled in school for at least two years (and full-time during university holidays).

For overseas students, the government provides a variety of scholarships. These scholarships may be identified using this search engine on Education New Zealand’s website. To see whether any institutions in New Zealand are offering their scholarships, you might also visit their official websites. Here is a link to our list of New Zealand study-abroad scholarships. The StudentCard is only NZ$20 (about US$13.50) and will pay for itself after a few uses, so it’s worth it to take advantage of student discounts on anything from dining to skydiving.

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100 Interesting Facts About New Zealand	Medical Colleges in New Zealand
Cheapest Universities In New Zealand	Top Engineering Colleges in New Zealand
MBA in New Zealand	MBA in New Zealand Without GMAT 410

Mr. Astronaut👨‍🚀🚀- “ Kiddos, I have answered all your queries with the utmost precision that I was capable of. Now, I will be taking my leave, but if you think that I might have missed something do check out the FAQ section or drop a comment. I always respond!”

FAQs

Hopefully, with this blog, you are now aware of the cost of studying in New Zealand. If you are planning to pursue higher education in the country but are not sure about how to get started with it then the experts at Leverage Edu will assist you in not only choosing a course that aligns with your professional goals but will also help in completing the admission formalities of the colleges in New Zealand.