Education in the United States may appear expensive, but you have probably realized that it offers excellent value for the money invested. This chapter looks in more detail at the costs involved and the ways that you might cover your expenses, including financial aid from colleges and other sources.
Before you plan to study abroad it is important to have an understanding of the cost and financing involved. Usually, the Universities ask for a financial statement of the applicant before confirming the student admission. Before applying for a student visa it is important to prove your university that you have sufficient funds to support your financial expenses during your stay.
Calculating Your Expenses
The expected costs involved in studying abroad majorly include tuition fees and cost of living. Let us have a look at these expenses closely:
The tuition fee is the cost of instruction and includes fees for other services such as the library, student activities, or the health center. International students are required to pay both tuition and fees. Some universities may also charge international students an additional mandatory health insurance fee. The fee range may vary from University to University and there is no connection between the tuition fees asked and the quality offered.
Cost of Living
The cost of living depends upon on individual lifestyles. For an example, if you are living with your family then you will have increased monthly expenses in comparison to living alone. The cost of living will be higher in the large cities such as California and in the Northeast and will be comparatively low in the South, the Midwest, and other areas. Within the total living costs they quote, you will usually find an approximate breakdown of costs for items such as room, board, books, medical insurance, and personal expenses. You can refer to the website of the university you are approaching to.