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How much budget should I plan for studying a master's degree in New Zealand or Canada?

25 Jun 2026 · Answered by Saru Sharma · 1 min read
Saru Sharma
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Expect a total annual budget of NZD 48,000 - 80,000 (₹24 - 40 lakh) for New Zealand and CAD 30,000 - 70,000 (₹18 - 42 lakh) for Canada. These estimates cover tuition, living expenses, health insurance, and visa fees, but actual costs depend on your chosen program, city, and lifestyle. Figures are subject to change.

- New Zealand: Tuition is typically NZD 28,000 - 55,000/year; living costs add NZD 20,000 - 25,000/year.
- Canada: Tuition usually ranges from CAD 10,000 - 40,000/year; living expenses are CAD 20,000 - 30,000/year in major cities.
- Additional costs: Health insurance (NZD/CAD 600 - 1,000/year), visa fees (NZD 750 - 850, CAD 150).

For precise planning, discuss your target program and city with your LeapScholar counsellor.

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