How Much Will It Cost to Study Abroad in 2025?

According to a Reserve Bank of India report, Indian students spent more than USD 5.16 billion on studies abroad in 2021-2022. Furthermore, according to education consultancies, the number of students wishing to study abroad is increasing by 50 to 60%. This is despite the Indian rupee’s depreciation against the US dollar, the global economic downturn, and visa issues in many countries. Experts attribute this increase to a variety of factors, the most important of which is that countries are becoming more accepting of international students and are granting more visas than ever before. Here’s how much will it cost to study abroad.

Comparison of Study Abroad Costs

Regardless of the country, students will be expected to spend around Rs 30-32 lakh per year studying abroad. This would include tuition fees of Rs 15-20 lakh and living expenses of Rs 10-12 lakh. “Depending on the university, tuition fees in the United States would range between Rs 12-13 lakh per year.” If you get into a community college in Canada, it could cost you around Rs 9 – 10 lakh. Tuition fees in the UK would be around Rs 12-14 lakh. It would cost around Rs 14 lakh in Australia. “The average annual living costs in each of these countries would be around Rs 10-12 lakh,” said Piyush Agarwal, director of Abroad Education Consultants.

The breakdown of the approximate costs that a student will have to bear during their studies abroad in select countries is provided below. The value in rupees is based on conversion rates as of November 26, 2022.

Cost of Studying in the UK

Here is how much will it cost to study abroadin the United Kingdom:

Factors	Average Cost (EUR)	Average cost (INR)
Tuition Fee	11400 – 38,000 per annum	11.4 lakhs – 38 lakhs per annum
Accommodation	280 – 1,000 per month	30,000 – 1,15,000 per month
Food, groceries	100 – 200 per month	10,000 – 20,000 per month
Transportation	40 – 50 per month	2,500 to 3,400 per month
Household Bills	40 – 50 per month	4,000 – 5,000 per month
Miscellaneous	200 – 300 per month	20,000 – 30,000 per month

Cost of Studying in Canada

Here is how much will it cost to study abroad in Canada:

Factors	Average Cost (CAD)	Average cost (INR)
Tuition Fees	13,000 – 40,000 per annum	9.75 – 30 lakhs per annum
Flight Expense	1,600 per flight	1.2 lakhs per flight
Study Permit Fees	150	11,250
Work Permit Fees	155	11,625
IELTS Fees	–	15,500
Accommodation	5,000 – 10,000 per annum	3.75 – 7.5 lakhs per annum
Travel Costs	80 – 110 per month	6,000 – 8,250 per month
Health Insurance	300 – 800 per annum	22,500 – 60,000 per annum
Food	300 – 400 per month	22,500 – 30,000 per month

Cost of studying in USA

The following is a breakdown of the approximate costs that a student will incur while studying in the USA.

Factors	Average Cost (USD)	Average Cost (INR)
Tuition Fees	25,000 – 50,000 per annum	20 lakhs – 40 lakhs per annum
Study Visa Fees	510	40,000
Accommodation	9,800 to 11,100 per year	7.84 lakhs – 8.88 lakhs per year
Health Insurance	500 to 1,000 annually	40,000 – 80,000 annually
Food	150 to 200 per month	12,000 – 16,000 per month

Cost of Studying in Australia

Here is how much will it cost to study abroad in Australia:

Factors	Average Cost (AUD)	Average Cost (INR)
Tuition Fees	20,000 – 45,000 per annum	10.8 lakhs – 24.3 lakhs per annum
Study Visa Fees	630	34,800
Accommodation	440 – 1,100 per month	23,760 – 59,400 per month
Travel Costs	30 – 70 per month	1,620 – 3,780 per month
Health Insurance	500 – 1,000 per annum	27,000 – 54,000 per annum
Food	500 – 1,000 per month	27,000 – 54,000 per month

Cost of Studying in Germany

A breakdown of the estimated costs that a student will incur while studying in Germany can be found below

Factors	Average Cost (Eur)	Average Cost (INR)
Tuition Fees	3,000 – 20,000 per annum	2.5 hs – 17 lakhs per annum
Study Visa Fees	75 – 350	6,300 – 29,400
Accommodation	250 – 750 per month	21,200 to 64,000 per month
Health Insurance	105 – 111 per month	9,000 – 9,400 per month
Transportation	30 – 90 per month	2,500 – 7,600 per month
Food	50 – 150 per month (EUR)	4,200 – 12,800 per month

Student Loans to Study Abroad

You can apply for a federal or private student loan if you are studying abroad for a semester or a year (at most). The type of loan you choose is determined by several factors, including the length of your study abroad programme, the type of university you are attending, the country you intend to study in, and the tuition and living expenses.

Applying for a loan to study abroad may be a different process than applying for a regular student loan. It is best to consult with the university’s financial aid officials to determine which option is best for you.

The international student loan can pay for all or a portion of the following student expenses:

• Tuition costs.
• Expenses for living.
• Accommodation and food services are available.
• Health coverage.
• Expenses for travel.
• Textbooks.

Loans for studying abroad can significantly reduce the overall costs of studying in a foreign country.

Scholarships for Studying Abroad

The vast majority of international students studying abroad in various countries around the world first look for funding and scholarship opportunities to help fund their studies.

Here are some of the world’s most popular study-abroad scholarships:

• Fund for Education Abroad: $1,250 – $10,000 depending on the duration of the program.
• Benjamin A. Gilman International Scholarship Program: $3,000 during summer; $4,000 per two semesters; $5,000 per academic year.
• CIEE Study Abroad Scholarships & Grants: up to $2,000 depending on the program duration.
• USAC Scholarships: award amount varies depending on the study program and course.
• The Intern Group Global Leadership Grants: award amount varies depending on the study program and course.
• CEA Study Abroad Scholarships: $400 – $1000 per summer; $500 – $3,000 depending on the duration of the program.

Factors to consider while Estimating the Cost of Studying Abroad as an Indian Students

The cost of study abroad varies. Therefore, these are some factors you need to consider while studying abroad-

1. One of the major expenses you are going to incur is the tuition fees. However, the tuition fees vary depending on the country, the university you are going to study, and the cost of the specific programme.
2. The next major expense you are going to incur is the accommodation cost. Therefore, you need to choose appropriately between the on-campus accommodation and the off-campus accommodation.
3. The travelling expenses are another thing you need to consider. The cost of transportation while in the country, the cost of a student visa, etc are things you need to estimate.
4. Tuition fees are not the only express you are going to have. Apart from the obvious fees, you will have to pay for certain learning devices. For example, notepads, laptops, and printers.
5. Study material expenses. For example, the cost of books, documents, etc are some things you will have to pay for.
6. Additional costs like cost of utilities, food and clothing must also be included.

What to Do If Studying Abroad is Expensive For You?

Studying abroad is going to be expensive. However, if you cannot afford the cost of living there are alternatives. These are some tips that will help you to study abroad-

1. Scholarships– Several universities offer scholarships that partially cover your tuition fees. You can also check out fully funded scholarships from top organisations.
2. Choose an affordable study destination– Choose to study in a country that has a low cost of living. For example, Finland, Norway, or even Germany.
3. Part-time work -You can take up part-time work in the country. For example, Part time jobs in the UK.
4. Education loans– You can also consider applying for low-interest education loans.
5. Cost cutting- Make a proper budget and choose to live your life frugally while abroad. For example, choosing a shared housing facility.
6. Exchange Programs– There are exchange programs that are funded. For example, the Erasmus+ program.
7. Educational Sponsorships- You can also apply for educational sponsorships. Contact alumni associations, companies, or educational institutions for the same

FAQs

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