Posted On : 17 June 2024     |     By : kangarooNepal

Studying abroad is an exciting feeling for most Nepalese students. However, one must understand and prepare for the financial aspects associated with it. To help you with this, in this blog, we will be providing an estimate of the cost of studying in the UK, Australia, New Zealand, Canada, and the United States.

Also Read: Guide To Studying In Australia From Nepal: Costs, Requirements, And Opportunities

Study in the UK

Understanding the Full Cost of Study in the UK

The United Kingdom is a preferred place because of its top universities and rich cultural heritage. Following is a listing of the costs:

Also Read: Study In The UK From Nepal: Costs, Requirements, Application Process

Tuition fees in the UK

– Bachelor’s degrees: £10,000 to £38,000 per annum

– Postgraduate Courses: £11,000 – £30,000 a year

Study in the UK_

Living Expenses in the UK

– Accommodation: £500 – £1,200 a month

– Bills: £50 – £100

– Food: £150 – £250 per month

-Transfer: £50 – £150 per month

– Miscellaneous: £100 – £200 per month

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Other Charges

– Health Insurance: £776

– Study Materials: £300 – £500 per annum

Budgeting for Education and Living in Australia

Australia boasts a high quality of education with a lively lifestyle. Here is what you must expect to have included in your budget when coming here:

Also Read: The Benefits Of Study In Canada For Nepali Students

Education and Living in Australia

School fees

–  Undergraduate programs: AUD 20,000- AUD 45,000 per annum

– Postgraduate: from AUD 22,000 to AUD 50,000 per year

Living Expenses

– Accommodation: AUD 600 to AUD 1,100 per month

– Food: $200 – $400 per month

– Transportation: AUD 100 to AUD 150 per month

– Other: AUD 150 – AUD 250 per month

Also Read: Exploring The Benefits Of Studying In New Zealand From Nepal

Additional Costs

• Health Insurance: AUD 500 – AUD 1000 per annum

– Study materials: AUD 500 – AUD 1,000 per annum

Breaking Down the Expenses: New Zealand Edition

New Zealand is well known for its friendly environment and prime education services. The following are the anticipated costs.

Tuition Expense

– Undergraduate: NZD 22,000 to NZD 32,000 per

Master’s Level Qualifications: NZD 26,000 – NZD 37,000 per year

Breaking Down the Expenses- New Zealand Edition

Living Expenses

– Accommodation: NZD 800 to NZD 1,200 monthly

– Food: NZD 200 to NZD 350 per month

– Transportation: $100 – $150 per month

– Miscellaneous: NZ$100 – NZ$200 per month

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Costs for Extras

• Health insurance — NZD 300 to NZD 600 per year

– Study materials: NZD 500 – NZD 800 a year

Financial Planning for Nepali Students in Canada

Canada has ranked among the best places in terms of quality of education and multicultural environments for students. The following gives a financial rundown:

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Financial Planning for Nepali Students in Canada

Tuition Fees

– Bachelor’s Programs: CAD 15,000 to CAD 35,000 per year

– Masters Programs: CAD 15,000 – CAD 40,000 per annum

Cost Of Living

– Housing: $600 – $1,200/month

– Groceries: $200- $400 monthly

• Transport: CAD 80 – CAD 120 monthly

• Other: from CAD 100 to 200 per month

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Additional expenses

– Health insurance: CAD 600 – CAD 900 per year

– Study Materials: CAD 500 – CAD 1,000 yearly

Calculating the Cost of American Dreams: Cost to Study in the USA

The US is one of the most sought-after destinations for higher studies. Here’s what to expect:

Tuition Fees

Undergraduate Programs: $20,000 – $50,000 per year

Postgraduate studies: USD 25,000 to USD 60,000 per

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Calculating the Cost of American Dreams- Cost to Study in the USA

Living Costs

Housing: USD 800 – USD 1,500 per month

– Food: $200 – $400 per month

Transportation: 100 USD to 150 USD per month

– Other: $150 – $300 monthly

Living Expenses

– Health Insurance: $500 – $1,000 annually

– Books and other supplies: $500 – $1,000 per year

Navigating the Cost of a Visa for a Canadian Study Permit

The visa makes up the biggest part of the financial budget for Canada. Outlined below is the estimation of costs:

– Fees for study permit: $150

– Biometrics fee: 85 CAD

– Medical Exam: CAD 200 to CAD 300

– Police Clearance Certificate: CAD 30 to CAD 50

Navigating the Cost of a Visa for a Canadian Study Permit

Assessing Required Funds for Canadian Academic Pursuits

For one to be able to acquire a study visa for Canada, they must provide proof that they have enough funds. These include:

– Annual tuition: CAD 15,000 – CAD 35,000

• Amount per Year for Cost of Living: $10,000

– Other Costs: CAD 1,000- 2,000

Conclusion

Proper financial preparation is vital for Nepali students who want to study abroad. Understanding and budgeting for tuition, living expenses, and other charges will help you have a successful and stress-free academic experience. We hope this blog will help you better prepare for financial obligations and make educated decisions regarding your international education.

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