The cost of studying in the U.S. is very high when compared to the cost that students pay to study in India. If you plan to study at U.S. universities, then plan for worst case scenarios.
Make sure you take into account of all possible expenses you will likely and unlikely come across. Never assume that you can readily get scholarship or assistantship as soon as you reach the U.S.
Always plan for the worst of situations. It takes time to plan and get things. Some students wait for a long time before they get to financial aid (4 different ways to get funding).
The first set of questions parents typically ask when you tell them of your plan to study in the U.S. would include: “How much would it cost to study in the U.S.? Do we have enough money to pay for it? Will you be given aid for studying at U.S. Schools?” and many more…
Total Cost of MS in US
I have written a few articles about the cost of living in the U.S. for international students and how much a typical student from India would typically spend per month.
But as soon you reach the U.S., all the things you heard about will become a reality.
You will come face to face with some uncertainties and a new way of life. But that’s the way it will be and you have to face it.
Most of the information that gets passed to students back in India or other places are not true. Don’t believe in rumors.
You will be amazed with some of the crazy questions that I had received over the years. I always try to clarify doubts and answer questions with facts and sound opinion.
In this article, I’m going to assume that you are a student coming to the US to study M.S. without any financial aid.
International students usually share the apartment rent, grocery bills, food expenses, phone bill, internet cost, and many more day-to-day expenses.
Normally, a new student tends to spend very less for the first few months.
You can read more about the spending habits of international students. But as time goes by, you will not convert $ to Rs. It takes time, but after 3-4 months, you will see $1 equals Rs.1.
As time progresses, you will see considerable changes in your lifestyle, but it’s for the better.
You can expect to spend from $250 to $700 per month by living life with basic necessities. Remember, the cost of MS in the U.S. varies based on location and type of school.
Tuition fee is the single major cost you will incur while studying in the USA. By law, international students have to automatically pay out of State Fees. In-state fees is usually 1/3rd the amount of out of state fees.
So if you don’t get any scholarship, get ready to pay $5,000 to $9,000 (or maybe more) per semester for 3 courses (9 credits).
A master’s degree will take 2 years to 2.5 years to complete, which is about 5 to 6 semesters.
Why Pay so much to study in the U.S.?
Why? For starters, you can get to pay back the student loan in 2-3 years’ time after you get a job.
You also get to study the latest technologies that are invented and used by the rest of the world.
You might be able to take a course under a professor at a U.S. university, whose books you could have used as part of syllabus/required readings back in India and other places in the world.
The cost of studying MS in the US comes with a high price tag. But it’s worth every penny.
You will fully understand the real value of studying in the USA when you read Why International Students in the U.S. are Unique.