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Calculating Costs

Note that the yearly costs given below are rough estimates. Costs such as
tuition and fees will vary between different schools. Costs such as travel
and room and board will vary between different cities in the US.
Also, you should assume about a 5% increase per year for each cost. This is
due to inflation.

Tuition will be the largest component of your education cost. It will vary
widely between different schools, so it is best for you to refer to the
schools where you are planning to apply to get a realistic amount. As a very
rough guideline, the cost for tuition can range from $10,000 to $35,000 per
year. Public schools will typically charge lower tuition than private
schools, and community colleges usually have the lowest tuition costs of all
public schools.

Room and board
This is normally the second largest component of your education cost. The
cost for room and board can also vary widely between schools, so you should
check with the schools where you are planning to apply to get the right
estimate. A rough guideline is between $3,000 and $9,000. If you are
considering living off campus and getting your own apartment, you will also
need to calculate the cost of furnishing that apartment, paying your monthly
utilities (such as electricity), and the cost of transportation to and from
school. The most practical and economical choice for a first year
international student is often to live on campus with a roommate at least
for the first semester. You should note that residence halls will often
close during the summer. If you will not be returning to your home country
during that time, you will have to find alternate housing.

In addition to tuition, most colleges and universities will also charge
fees, such as student activity fees.
These help to support student clubs and organizations on campus. They are
usually relatively small, only a few hundred dollars per year.

Books and supplies
Students must pay for all their text books, as well as supplies such as
notebooks, paper, pens, etc. You can sometimes lower this cost by buying
used books from the school’s bookstore. A good estimate for this cost is
between $500 and $1,500. It will be cheaper to take books from India.

Medical insurance
Because the cost of healthcare in the US is very high, many schools require
international students to purchase medical insurance. It is a very good idea
to buy insurance even if your school does not require it to protect yourself
from extremely high medical bills should you become ill or has an accident.
A comprehensive insurance policy (which covers doctor’s visits, medication,
hospitalization, and surgery) will cost between $500 and $1,000 for one

You should calculate how much it will cost you to travel between your school
and your home country. You will need to determine how many times during the
length of your education you will go home and multiply that by the cost of
airplane fare between the two locations.

Personal expenses
These expenses include clothing, entertainment, and telephone bills. This
will vary depending on where you will live and on your personal lifestyle;
therefore, it is difficult to provide an estimate.

When preparing a budget, you will need to account for the following costs:

Application fees average $50 to $100 per school For Business Schools it is
almost 100% more.
Academic entrance examinations will cost you about $130 to $200 per
examination, and most students take at least two tests. Assume that you will
be spending at least $500 on tests.
Tuition and fees will cost between $5,000 and $30,000 per academic year
(nine months), depending on the type and quality of institution.
Books and study materials will cost $500 to $1,000 per academic year.
Travel costs to the US vary, but will be between $500 and $2,000. Travel
costs within the US will be between $500 and $1000.
Room and Board will cost between $3,000 and $7,500 per academic year.
Allow an extra $1,000 to $2,000 for vacation periods when the dormitory
might be closed.
If you will be living off campus, the cost of renting an apartment will be
between $300 and $600 a month, but could be substantially higher depending
on the location of the school. Meals should cost about $2,500 a year,
assuming that you do not eat in restaurants too frequently.
Clothing will cost $500 or more a year.
Health insurance will cost $500 to $1000 a year for one person, $2,000 to
$3,500 for a family.
Personal expenses will cost about $2,000 a year.
If you bring other family members with you, assume that your annual expenses
will increase by about 15% or $5,000 for each additional family member.
If you intend to buy a car, assume that it will cost you about $4,000 a
If you will be traveling during the summer, assume a cost of $50 to $75 a
day for tourist activities. If you will be continuing your education during
the summer, add half the figure you calculated for the academic year.
Assume that your costs will increase by about 5% per year due to inflation.
Don\’t forget to include an allowance of about 10% to account for
fluctuations in exchange rates.
Use the financial planning worksheet to estimate your costs for a year of
study in the US. Be realistic when estimating costs for personal expenses.

Financial Planning Worksheet

Estimated Cost

Application and Test Fees $____________
Tuition and Fees $____________
Books $____________
Travel to US $____________
Room and Board $____________
Expenses when school is closed $____________
Clothing $____________
Personal expenses $____________
Health insurance $____________
Summer study or travel $____________
Additional family members $____________
Other $____________
TOTAL FOR ONE YEAR $____________
Multiply the total by the number of years in your program (___)
U.S.A. Cost/AID Facts
The cost of Study (Tuition and fees) in USA varies from $10000 to $35000 per
year. The cost of living depends on location. For example States like
Washington, California and area around New York is costly.

In general for Students from countries like India, Bangladesh, China, Taiwan
the cost of living may vary from $4000 to $9000.It is assumed that students
will live in shared Apartments, Live out of Campus and have less Telephone
bills and other expenses are at bay. Most of (nearly) all expenses can be
met while working on Campus Jobs. The hourly pay for on Campus jobs Pay from
$5.15 to $12 per hour. Foreign Students can work for 20 hrs per week and 40
hrs per week during summer. Students may be allowed to work out Campus
after nine months of their arrival at USA.Students receiving any type of AID
TA/RA/Fellowship or GA need not have to worry about costs. But Students not
receiving any AID must come prepared for Tuition fees and Living cost for
initial 2-3 months.

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