The USA is a dream destination for many students wanting to pursue their masters from abroad. The country is home to many of the best universities in the world. But before making any decision, wise would calculate all of the expenses of doing Masters from the United States of America.
The currency of the USA is in Dollars hence hold a greater value in comparison to Indian National Currency. Here we have everything you need to know before making the decision so that you can make arrangements and get an idea of the total estimate.
Cost of Doing Masters from the USA
The Average cost of doing masters from the USA comprises three factors- The tuition fee of college, the total time duration of the course, and the third factor is the expense of living in the city. All of these three things will make the average cost of living in the USA and while calculating your budget, always keep them in mind.
Tuition fee to study Masters in the USA
The tuition fee primarily depends on the type of institution you choose to pursue your education from. It varies from university to university. If one decides to go to the state university, the tuition fee will be around to $12,000 to $25,000 per year. State universities are mostly cheaper in comparison of a private university. Private university cost around $20,000 to $ 30,000 annually.
Here are the cost of top 5 most affordable University in the USA and Top 5 highest ranked University along with their tuition fee –
Top 5 most affordable Universities
- California State University– Average is $8,000 per year
- Marshall University- Average is $11,000 per year
- Depaul University– Average is $25,000 per year
- University of Maryland- Average is $18,000 per year
- Tulane University– Average is $14,000 per year
- Princeton University- Average is $41,300 per year
- Harvard University- Average is $25,000 per year
- University of Chicago- Average is $50,000 per year
- Yale University- Average is $50,000 per year
- Columbia University- Average is $50,000 per year
Tuition fee according to the course you opt for-
For some areas, there are different tuition fees like for business field the tuition fee is $40,000 and for engineering courses are $20,000 per year. For the law, the tuition fee is $20,000 per year, and for medical courses, the tuition fee is between $17,000 to $50,000 per year.
Cost of Accommodation
It depends on the options you choose and the way of life you live there. But most of the international students who go to the USA find the total cost out of their budget. For example finding the house in New York City, Pennsylvania, Boston, Chicago is way more complicated and if you do the rentals will start from $500 to $800. So the best option is to live in sharing with some friends.
Talking about living expenses in the USA, a person can live in an average budget of $1,000 to $1,500 per month. One can use public transport and cut off all the extra expenses like partying, eating out and owning the car. Owning the car means extra cost in fuel and repairing. So live smartly and have a health insurance. Most universities insist on having one.