How much does it cost to study abroad?

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The cost of studying abroad cannot be pinpointed with an all inclusive figure. The study costs are bound to change according to the country in which you are looking to pursue your higher studies and the course you are looking forward to studying. In this blog, we will try to shed some light on the expenses that you can expect if you are planning for your studies abroad. The costs mentioned here are just a ballpark estimate and can differ based on multiple factors. To know more about the costs based on a particular course, please feel free to book an overseas consultancy with our experts in Globor. Now, we are rounding up cost talks in the USA, UK, Canada, New Zealand, and Australia.


  • United States of America

The US has always been at the top of the list of priority countries for Indian students pursuing their studies abroad. The educational institutions in America are known for their culture and academic excellence on par with the rest of the world. The courses offered by universities and colleges in the USA are also very extensive and broad, which is yet another reason for choosing it. 

Let’s look at the average costs of studying in the USA for Indian students:

  1. The living expenses in the United States of America ranges from USD 800 to USD 1000 per month. It is around INR 65000 to INR 81000 per month.
  2. The minimum that needs to be spent on undergraduate courses in the US will be INR 15 Lakhs per year.
  3. The minimum cost for postgraduate studies in the US will be INR 25,00,000 for two years.

These costs are the bare minimum and do not include premium universities or colleges. Also, the fee structure for professional courses is different from that of the courses mentioned above. 

There are many scholarships offered by universities throughout the length and breadth of the USA. These scholarships are either based on the meticulous performance of the students or given as financial aid for students who are talented but do not have the financial support. The scholarships are very coveted and will have thousands of applicants around the globe, making your chances slim. Another way will be to enrol in public universities and colleges, which have comparatively lower tuition fees than private universities. 

The education system in the US is made to reflect global scenarios, and it is still considered world number one, providing much better opportunities when compared to other countries. This is the main reason why students try their luck to get admission into the coveted universities of the country.

  • United Kingdom

The United Kingdom has seen an influx of students, especially from India, in the past few years, and there has been a rise in the number of students post Brexit because of the relaxation of some of the immigration rules. The large number of universities in the country is the main reason why it is a popular study abroad destination for students in India.

Here are the living expenses in the UK:

  1. Cost of living in the UK depends on the province that you choose to study. There are multiple options that you can choose from for your stay options in the UK. The expenses can be dialled down to a great extent if you have a family to stay with or options for homestay. If you are planning to live within the limits of London, then your overall living expenses can be around INR 12,00,000 and if you plan to stay out of London, then the expenses can be anywhere around INR 9,00,000. 
  2. The average amount to be spent on undergraduate courses in the UK will range from INR 12 Lakhs to INR 25 Lakhs. 
  3. The postgraduate studies in the UK can go up to 30 Lakhs and depending on the university can even go beyond that. 
  • Canada

Canada is another popular study abroad destination among Indian students. It is a big country and has many provinces inside of it, which gives vast opportunities for students in terms of the number of colleges. The educational system followed in Canada is similar to that of the United States of America, and migration to the USA is fairly easy when compared to other countries in the world. This is one of the reasons why Canada is so in demand. Post-study work visas and the opportunities associated with them make them a much more desirable option for students globally.

The average cost of living in Canada and the education expense are as follows:

  1. The living expenses in Canada can be easily met for around INR 5.5 Lakhs per year. 
  2. The average cost of studying an undergraduate course in Canada will be a minimum of INR 5.5 Lakhs per year.
  3. The average cost to be spent on a postgraduate course will be a minimum of INR 28 Lakhs.
  • New Zealand

New Zealand is gradually making its way onto the list of countries preferred by Indian students for study abroad. The quality of education and living conditions are the two main reasons for choosing New Zealand. It is a peaceful country with one of the best scenic views and a good living atmosphere. The country contributes to a global student exposure system and has students from different facets all over the world. 

The cost of living in New Zealand is as follows:

  1. The reason why New Zealand is only slowly coming to picture is because when compared to other destinations, the standard of living in New Zealand is high. It ranges from INR 7 Lakh to INR 10 Lakh. Managing finances in a better way and finding good part-time jobs can help you stride through the expenses to a good extent.
  2. The cost of education for an undergraduate course will be starting from 6 Lakhs.
  3. The cost of education for postgraduate courses will be a minimum of 7 Lakhs per annum. 
  • Australia

Australia is the top priority for Indian students while they are looking for options to study and settle in. The country is known for its state of the art educational infrastructure and is home to many world renowned universities. The cultural diversity that Australia offers is yet another reason why it is famous among global student communities. 

Here’s the average cost of living and educational expenses in Australia:

  1. The cost of living expenses are higher when compared to many other countries and comes up to around INR 12 Lakhs an year.
  2. The expenses of undergraduate courses in Australia can average up to 15 Lakhs and if you want to study in premium universities it can average around 25 Lakhs.
  3. The postgraduate courses can cost around INR 16 Lakhs and if you are looking at the top 8 colleges or universities, it will be around 27 lakhs per year.


These are just some of the countries and the ballpark figure on the average cost of education and living expenses. These might vary depending on the scholarships and financial aid you can get, so make sure to get hold of all available sources that can help you bring down the costs. We, at Globor, help each student that comes with an aspiring dream of education abroad and guide them to find out the best overseas education consultants and get hold of the best universities and the best possible offer in terms of studying and managing the expenses as well.