Studying in the USA can often feel like buying a luxury car. It’s a hefty investment, but you get unparalleled performance and all the bells and whistles to show!
Understanding the total cost is essential as it goes beyond just tuition fees to include living expenses, insurance, and other incidental costs. The total expense can vary greatly based on the institution, location, and your personal lifestyle.
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Despite the high costs, the USA continues to be a top destination for international students, with over 1.1 million students enrolled for the 2023/2024 academic year, reflecting a 7% growth from the previous year. This shows that the cost does not deter students, as studying in the USA is seen as a valuable investment for both education and future earnings.
Additionally, through scholarships, part-time work, and careful planning, you can reduce costs. This blog will break down the various factors involved in the cost of studying in the USA. Read on to know more!
Key Highlights
| Highlight | Details |
|---|---|
| Average Annual Tuition Fees | INR 15L to INR 27L (USD 18.5K to USD 32.5K) |
| Average Monthly Cost of Living (Without Rent) | INR 84K to INR 1.2L (USD 1K to USD 1.5K) |
| Pre-Arrival Costs | INR 45K (INR 535) |
Cost of Studying At Top Universities in the USA
Studying at top universities in the USA offers incredible opportunities for academic and professional growth. While tuition fees and living expenses at prestigious schools can be significant, these universities provide a wealth of resources, cutting-edge programs, and networking opportunities that you will find invaluable. The investment can open doors to world-class education and long-term career success.
Here’s an overview of the top universities in the USA.
| Top Universities in the USA | QS World University Rankings 2025 | USA University Tuition Fees |
|---|---|---|
| Massachusetts Institute of Technology (MIT) | 1 | INR 52L (USD 62K) |
| Harvard University | 4 | INR 47L (USD 56.5K) |
| Stanford University | 6 | INR 73L (USD 87K) |
| California Institute of Technology (Caltech) | 10 | INR 53L (USD 63.5K) |
| University of Pennsylvania | 11 | INR 55L (USD 66K) |
| University of California, Berkeley | 12 | INR 46L (USD 55K) |
| Cornell University | 16 | INR 54L (USD 65K) |
| University of Chicago | 21 | INR 56L (USD 67.5K) |
| Princeton University | 22 | INR 52L (USD 62.5K) |
| Yale University | 23 | INR 56L (USD 67K) |
Cheapest Universities in the USA for International Students
The cost of studying in the USA can be high, but there are affordable options for international students. The cheapest universities in the USA for international students offer quality education at lower tuition rates, making higher education more accessible.
These universities offer competitive programs and financial aid options, helping you manage the cost of studying in the USA while benefiting from a world-class education.
Here’s an overview of the cheapest universities in the USA.
| Cheapest Universities in the USA for Master’s | Average Annual Tuition Fees |
|---|---|
| Minot State University (North Dakota) | INR 4.5L (USD 5.4K) |
| Sonoma State University | INR 6L (USD 7.4K) |
| Southeast Missouri State University | INR 6L (USD 7.7K) |
| Alcorn State University in Mississippi | INR 6.5L (USD 7.8K) |
| California State University, San Bernardino | INR 9L (USD 11K) |
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Course-Wise Cost in the USA for International Students
The cost of studying in the USA can vary depending on the course and university. Popular courses such as Computer Science, Business Administration, and Engineering are in high demand among international students.
Understanding the average cost of studying in the USA for these fields will help you make informed decisions about your education and financial planning.
Here is an overview of some of the most popular courses in the USA.
| Name of the Course | University | Course Fees |
|---|---|---|
| Computer Science | Massachusetts Institute of Technology (MIT) | INR 26L (USD 31K) |
| Business Administration (MBA) | Harvard University | INR 64L (USD 76.5K) |
| Engineering | Stanford University | INR 43L (USD 52K) |
| Medicine (Pre-Med and Medical Studies) | Johns Hopkins University | INR 54L (USD 65K) |
| Law | Yale University | INR 61.5L (USD 74K) |
Program-Wise Cost of Study in the USA
The cost of studying in the USA varies by course. Undergraduate degrees at public universities are generally more affordable than those at private institutions, and costs are significantly lower in rural areas than in urban ones.
Programs in high-demand fields like business and engineering tend to be more expensive, with specialised degrees like law and medicine costing considerably more.
Here is a program-wise overview of the cost.
| Course | Annual Cost Range |
|---|---|
| Undergraduate Programs | INR 17L to INR 42L (USD 20K to 50K) |
| Master’s Programs | INR 35L (USD 42K) |
| Doctoral (Ph.D.) Programs | INR 1.4Cr to INR 3.3Cr (USD 164K to USD 388K) |
| Medical Programs (MD) | INR 42L (USD 50K) |
| Law Programs (JD) | INR 37L (USD 44K) |
| Business Programs (MBA) | INR 51L to INR 67L (USD 60K to USD 80K) |
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Total Cost of Studying in the USA
The cost of studying in the USA varies greatly depending on the institution, location, and field of study, among other factors. We will now break down the major living expenses for international students.
Here is how much money is required to study in the USA.
1. Breakdown of Tuition Fees
Tuition fees are the most significant portion of your cost of studying in the USA. The tuition fees for international students in the USA vary widely depending on whether you attend a public, private, or community college.
Cost of Studying Overview
| Institution Type | Annual Average Tuition |
|---|---|
| Public (Out-of-state) | INR 16L (USD 19K) |
| Private for-profit | INR 15.5L (USD 19K) |
| Private non-profit | INR 27L (USD 32.5K) |
The field of study also influences the cost of education. For example, medicine, business, and law courses have higher tuition fees, while humanities or social sciences programs may cost less.
2. Pre-Arrival Costs in the USA: Visa and Immigration Fees
Securing your F-1 student visa is essential before you begin your studies in the USA. While the process is straightforward, there are specific costs involved that every international student must consider.
Here is a breakdown of pre-arrival expenses related to visa and immigration.
- F-1 Visa Application Fee: INR 15K (USD 185)
- SEVIS Fee: The Student and Exchange Visitor Information System (SEVIS) fee, which is typically INR 29K (USD 350), is required for all international students.
- Other Visa-Related Costs: Additional legal and processing fees may arise, especially if you are applying for OPT or seeking visa extensions.
Cost of Living in the USA
The cost of living in the USA varies depending on the location and lifestyle. Understanding the cost of living in different regions can help you budget better and make informed decisions about where to study and live in the USA. On average, you can expect the following annual living expenses.
1. Food & Accommodation Costs
The annual accommodation and food costs will vary greatly depending on whether you live on-campus or off-campus and the city you study in. Many universities offer dormitory-style accommodation.
If you rent an apartment off-campus, prices vary dramatically depending on location. Rent can be higher in major cities like New York, San Francisco, and Los Angeles than in smaller towns or rural areas.
Accommodation and Food Expense Overview
| Accommodation Type (Including Food) | Average Annual Rent |
|---|---|
| Public On-Campus | INR 10L (USD 12K) |
| Public Off-Campus | INR 10.5L (USD 12.5K) |
| Private Non-Profit On-Campus | INR 10L (USD 12K) |
| Private Non-Profit Off-Campus | INR 10L (USD 12K) |
| Private For-Profit On-Campus | INR 11.5L (USD 14K) |
| Private For-Profit Off-Campus | INR 10.5L (USD 12.5K) |
2. Transportation
Transportation costs vary depending on the city. Public transport can cost anywhere from INR 3K to INR 11K (USD 39 to USD 132.50) per month. Owning a car (including gas, insurance, and parking) can significantly increase costs.
3. Utilities and Personal Expenses
Utilities (electricity, water, internet) can cost INR 10.5K to INR 32.5K (USD 125 to USD 392). Additionally, you should account for personal expenses such as entertainment, clothing, and other purchases.
4. Health Insurance
Health insurance is mandatory for international students studying in the USA. You must purchase health insurance or opt into your university’s health plan. The cost of health insurance can vary depending on the plan and the level of coverage but typically starts from INR 2.5K (USD 31) per month.
5. Miscellaneous Costs
You may incur additional expenses in addition to the essential costs mentioned above. Here is a general overview of miscellaneous expenses.
| Miscellaneous Expenses | Monthly/Yearly Cost |
|---|---|
| Books, textbooks, and supplies | INR 98K to INR 152K (USD 1K to USD 2K) yearly |
| Mobile | INR 2.5K to INR 8.5K (USD 30 to USD 100) monthly |
| Internet | INR 4K to INR 9K (USD 50 to USD 105) monthly |
| Cultural Activities, Sports, and Extracurriculars | INR 670 to INR 12.5K (USD 8 to USD 150) monthly |
Highest & Lowest Living Expenses Cities in the USA
The cost of studying in the USA varies significantly across cities. According to Forbes, New York and Los Angeles are among the top 20 most expensive cities for students.
High-expense cities can add to the total cost of studying in the USA. In contrast, cities like Houston, Phoenix, Jacksonville, and Cincinnati offer lower living costs, making them more affordable.
If you study in high-cost cities, you must budget for rent, groceries, and transportation. Those in more affordable cities can save on these essentials, making it easier to manage overall expenses during their studies.
Monthly Living Cost Overview
| City | Monthly Cost of Living (Without Rent) |
|---|---|
| New York City | INR 1.5 L (USD 1.7K) |
| San Francisco | INR 1.3 L (USD 1.5K) |
| Los Angeles | INR 1L (USD 1.3K) |
| Chicago | INR 1L (USD 1.3K) |
| Dallas | INR 1L (USD 1.2K) |
| Phoenix | INR 95K (USD 1.1K) |
| Jacksonville | INR 84K (USD 1K) |
| Cincinnati | INR 82K (USD 971) |
Scholarships to Reduce Cost of Studying in USA
You can access a wide range of scholarships, though opportunities may vary depending on the university, choice of course, or the student’s country of origin.
According to NAFSA’s ((National Association of Foreign Student Advisers) most recent analysis, international students in the U.S. contributed USD 44 billion to the economy.
Major Scholarships Overview
| Scholarship Name | Award |
|---|---|
| Rotary Foundation Global Grants | USD 30.6K (INR 26L) lumpsum |
| PEO International Peace Scholarship | USD 12.5K (INR 10L) lumpsum |
| Google Lime Scholarship for Students with Disabilities | USD 10K yearly (INR 8L) yearly |
| Dell Scholars Program | USD 20K (INR 16 L) lumpsum |
| AAUW International Fellowships | USD 20K to USD 50K (INR 16L to INR 41.5L) lumpsum |
Also Read: How To Get Into MIT From India: Admission & Fees For Indian Students
Top High-Paying Jobs in the USA for International Students
The USA job market is diverse, with several high-paying career opportunities across industries. The employment rate for master’s degree holders is around 90%.
Roles like software developers, data scientists, and financial analysts can command salaries ranging from INR 1Cr to INR 1.2Cr (USD 130K to USD 150K) annually.
USA Highest-Paying Jobs Overview
| Job Title | Average Annual Salary |
|---|---|
| Surgeons and Physicians | INR 2Cr (USD 239K) |
| Dentists | INR 1.5Cr (USD 171K) |
| Financial Managers and Investment Bankers | INR 1.3Cr (USD 156K) |
| Lawyers | INR 1.23Cr (USD 146K) |
| Data Scientists and Machine Learning Engineers | INR 1.22Cr (USD 145K) |
| Petroleum Engineers | INR 1.16Cr (USD 138K) |
| Pharmacists | INR 1.15Cr (USD 136K) |
| Software Engineers and IT Professionals | INR 1.1Cr (USD 130K) |
Also Read: Best State to Live in USA in 2024: Jobs, Income, Safety & Quality of Life
How to Budget and Save While Studying in the USA?
Studying abroad in the USA can be expensive, with expenses reaching INR 8L to INR 20L (USD 10K to USD 25K) yearly. However, with careful budgeting, you can manage the average cost of studying in the USA.
While understanding the high tuition fees and living costs is crucial, implementing innovative budgeting strategies can significantly affect how easily you can manage these expenses. Here are a few tips to budget and save while studying in the USA.
1. Choose More Affordable Institutions
Public universities and community colleges are often more affordable than private institutions. While private universities may offer prestigious programs, public institutions can provide an excellent education at a fraction of the cost. Consider attending a university in a state with a lower cost of living.
2. Work Part-Time
International students such as yourself on an F-1 visa can work up to 20 hours per week during the academic year and full-time during breaks. On-campus jobs, such as working in university cafeterias, libraries, or student centres, can help offset living expenses.
3. Live Economically
Living off-campus in shared housing can significantly reduce your living expenses. Additionally, adopting a frugal lifestyle by cooking meals at home, using public transportation, and avoiding unnecessary spending can help you save money.
4. Apply for Scholarships and Financial Aid for International Students in the USA
Scholarships, financial aid, and assistantships are some of the best ways to manage the cost of studying in the USA. Many universities offer teaching assistantships (TAs) or research assistantships (RAs), so you can get a stipend and help with tuition fees.
Ready to study in the USA? Leap Scholar is here to guide you through the university selection, admission process, and even scholarships! Take the first step towards your future—Connect with our Leap Scholar consultants now!
Frequently Asked Questions
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Q. How much money is required to study in the USA for international students?
Ans. The total cost of studying in the USA depends on factors like the type of institution, location, and living preferences. On average, tuition fees range from INR 15.5L to INR 27L (USD 18.5K to USD 32.5K) per year, while living expenses (accommodation, food, transportation, and utilities) range from INR 10L to INR 12L (USD 12K to USD 14K) annually.
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Q. What are the major components of the cost of studying in the USA?
Ans. The key components include tuition fees, living expenses (accommodation, food, utilities, and transportation), health insurance, and miscellaneous expenses such as books, personal spending, and cultural activities. Additionally, you may incur visa-related costs and travel expenses for trips home or around the USA. Understanding these expenses is crucial for effective budgeting and financial planning during your studies.
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Q. How can Indian students manage the cost of studying in the USA?
Ans. You can manage the cost of studying in the USA by exploring scholarship opportunities, applying for financial aid, working part-time (up to 20 hours a week), and choosing affordable institutions or living arrangements (e.g., shared accommodation). Budgeting effectively can also reduce personal expenses.
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Q. Can I get financial aid as an international student in the USA to cover the cost of studying in the USA?
Ans. While financial aid for international students is limited compared to domestic students, you can get it from some universities that offer need-based aid, scholarships, and grants for international students. It’s essential to check each university’s financial aid policies as some may offer more generous packages than others.
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Q. What is the F-1 visa, and how does it impact my studies in the USA?
Ans. The F-1 visa is a non-immigrant visa that allows international students to study full-time at an accredited university or college in the USA. This visa will also allow you to work part-time on campus (up to 20 hours per week) and engage in Optional Practical Training (OPT) after graduation, depending on the subject of study.
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Q. Can I bring my family to the USA while studying on an F-1 visa?
Ans. As an F-1 visa holder, you can bring your spouse and children (under 21) to the USA on an F-2 visa. The F-2 visa allows family members to accompany you during your studies, but they are not permitted to work. However, F-2 visa holders can enrol in part-time or full-time study, depending on the course. They should plan for the additional financial costs of supporting their family while studying abroad.
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Q. How can I make the most of my student visa in the USA to find opportunities to cost of studying in the USA?
Ans. To maximise the benefits of your student visa, take advantage of on-campus work opportunities, internships, and research projects. Participate in extracurricular activities, networking events, and career fairs offered by your university. These experiences will enhance your skills, help you build a professional network, and improve your job prospects post-graduation.
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Q. What are the major cities in the USA with the most affordable cost of studying in the USA?
Ans. Some of the most affordable cities for international students include Austin (Texas), Madison (Wisconsin), Tucson (Arizona), Columbus (Ohio), and Pittsburgh (Pennsylvania). These cities offer relatively low housing costs and a good quality of life, which helps reduce living expenses compared to cities like New York or San Francisco.
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Q. How can I find affordable healthcare as an international student in the USA to minimise the burden of the cost of studying in the USA?
Ans. You are required to have health insurance while studying in the USA. Many universities offer affordable health insurance plans, but you can also opt for private health insurance if it offers better coverage or is more affordable. Check if your home country’s government provides insurance options for students abroad.
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Q. What are some common mistakes international students make when budgeting for their studies in the USA?
Ans. Common mistakes include underestimating the cost of living, not factoring in unexpected expenses like medical emergencies or travel, and not taking advantage of financial aid or scholarship opportunities. It’s important to plan, track your expenses regularly, and build an emergency fund to avoid running out of money. It will help to manage your finances and cost of studying in the USA.
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Q. What should I do if I run out of money to cover the cost of studying in the USA?
Ans. If you run out of money while studying in the USA, consider contacting the university’s financial aid office for advice or additional funding opportunities. You can also explore on-campus work opportunities, apply for emergency financial aid, or look for short-term loans. Maintaining a budget and monitoring your expenses is crucial to avoid such situations. These steps will help you save on the average cost of studying in the USA.
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