Posted By: 04 May 2022
Total Expense to Pursue Master in USA in INR
If you aspire to pursue a master's degree in the United States, you must calculate your budget before applying for a master's degree programme. So, if you're wondering what the overall cost of a master's degree in the United States is for Indian students? This is the ideal place for you to be. The most important elements are listed here to provide a fair sense and understanding of the cost of completing MS in the United States.
Expense before Landing in the USA
Entrance Exam Fee for MS in the United States of America in INR
- Graduate Record Examination (GRE) - Cracking the GRE is the initial step toward your master's in America. Most US colleges that offer MS degrees require a valid GRE score. Students can register for the GRE online, via phone, or by mail, and their results are valid for five years. The GRE Exam Fee is 15,200 INR.
- English Language Proficiency Test:
- IELTS: Another well known English language test is conducted by IDP. The registration fee is 15,500 INR. If the student wishes to repeat the exam, he or she will be charged an extra 15,500 INR.
- TOEFL: 11,000+ colleges across the globe accept the TOEFL exam, which is the most often accepted Language test at US universities. The TOEFL registration fee is 14,197 INR.
Application Expense
Application fee for applying to universities in America for Masters's degree ranges from 3700 INR ($50) to 12,000 INR ($150).
Visa Expense
While the fees are an essential factor, it's also important to understand the complete VISA procedure.
You must pay the VISA price of INR 11,840 and the SEVIS fee of $200 after obtaining your I20. Therefore, the total cost to obtain a US study vis is INR 14,800.
SIEC helps students to be stage-ready and prepared for the visa interview by providing mock interviews and basic interview questions.
Airfare Expenses from India to the United States
The cost of your flight ticket may vary depending on several factors, including your departure and arrival locations, when you purchase the ticket, and which airlines you fly with. Flight tickets to the United States typically cost between 50,000 and 1,00,000 INR for a one-way trip.
SIEC's Special Service Unit Assist students with the best discounts available in the market for flight tickets and accommodation.
Expenses Post Landing in the USA
Post-arrival in America, students' expenses vary depending on lifestyle, location, college and mode of travelling. The cost of living in large places like New York City, California, Chicago, and others is much greater. Your lifestyle choices will also affect the costs you may experience while studying in the United States.
However, having a lifestyle and routine planned smartly may help students stay within their budget while pursuing a master's in the USA.
Tuition Fee
The tuition fee is the major part of the budget of your master's in the USA, and the fee varies depending on your chosen university and course. Tuition expenses for a two-year MS programme are estimated to be INR 29,60,000. Of course, you may be eligible for scholarships or other forms of financial aid to help you cover these fees. You might also need an education loan to pay for your tuition.
| University Name | Tuition Fee Range (INR) |
|---|---|
| Stanford University | 28 Lacs - 41 Lacs |
| Yale University | 33 Lacs - 40 Lacs |
| Harvard University | 42 Lacs |
| MIT | 13 Lacs |
| Cornell University | 14 Lacs |
| University of Chicago | 42 Lacs |
| Princeton University | 36 Lacs |
| Duke University | 43 Lacs |
| California Institute of Technology | 46 Lacs |
| Columbia University | 28 Lacs - 60 Lacs |
| University if California, Berkeley | 24 Lacs |
2. Living Expense
There's no way to accurately calculate living expenditures because of the following factors:
Location, Size of the Apartment, number of roommates they have and their proximity to the university. On the other hand, students spend an average of $500 to $1100 a month on everything.
| Type of Expense | Estimated Cost (Per Month) |
|---|---|
| Housing | 70,000 - 1,50,000 |
| Travel | 7,500 - 22,000 |
| Health | 33,000 - 50,000 |
| Food | 2,500 - 3,000 Per Meal |
| Other Miscellaneous | 20,000 - 40,000 (Optional) |
In summary, the information provided above will assist students in being aware of all of the costs associated with studying in USA for two years. For Indian students, the overall average cost of a master's degree in the United States is INR 40 lakhs per year. Not to worry, contact SIEC today to make your application process easier and learn about financial assistance.
