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What is the budget and process required to apply for studying in the USA or Korea for a Master's?

17 Jun 2026 · Answered by Hardika Gautam · 1 min read
Hardika Gautam
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For a Master's in the USA or South Korea, here’s what you can expect for budget and application process:

USA
- Pre-arrival costs: $2,500 - $4,000 (exam fees, applications, visa, airfare; subject to change)
- Tuition: $18,000 - $35,000/year (public); $35,000 - $60,000/year (private; subject to change)
- Living expenses: $10,000 - $25,000/year (subject to change)
- Process: Take required exams (GRE/GMAT/TOEFL/IELTS if needed), apply to universities, secure admission, then apply for F-1 visa.

South Korea
- Tuition: $1,500 - $5,000/semester (public); $4,000 - $7,000/semester (private; subject to change)
- Living expenses: $700 - $1,200/month (subject to change)
- Process: Apply to universities, get admission, then apply for D-2 student visa.

Scholarships and financial aid are available in both countries but vary by university and program. If you need guidance tailored to your goals, connect with your LeapScholar counsellor.

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