What is the budget range for studying abroad, and will you be taking a loan or using savings in New Zealand/Germany for a Master's?
The budget for studying abroad depends on your destination, program, and lifestyle. Here are the estimated annual costs for a Master's starting Jan 2027:
Germany
- Tuition: €0 - 500/year (₹0 - 56,000)
- Living: ₹8.9 - 13.4 lakh/year
- Total: ₹8.9 - 17.8 lakh/year
New Zealand
- Tuition: NZD 20,000 - 45,000/year (₹10.5 - 23.5 lakh)
- Living: NZD 10,000 - 15,000/year (₹5.2 - 7.8 lakh)
- Total: ₹15.7 - 31.3 lakh/year
UAE
- Tuition: AED 30,000 - 80,000/year (₹6.1 - 16.3 lakh)
- Living: AED 60,000 - 120,000/year (₹12.3 - 24.6 lakh)
- Total: ₹18.4 - 40.9 lakh/year
These figures are approximate and subject to change.
Many students use education loans from banks or NBFCs, with typical loan amounts and interest rates varying. Scholarships and part-time work can also help manage costs. If you need guidance on financing options or next steps, connect with your LeapScholar counsellor.
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More Cost & living questions
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- What is the fee range for a one-year MBA course compared to a two-year course in UK?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- How do I get an education loan for an MBA abroad as an Indian student?
- What is the minimum budget required for studying abroad in Canada or Ireland for two years?
- Can I apply for an education loan up to 30 to 35 lakhs or 30 to 40 lakhs budget?
More Germany questions
- Other than Canada and Netherlands, are there better countries to study science and technology in Germany/Singapore?
- Is Germany the best first priority country for my course and career scope for a Master's?
- Is it possible to get a fully funded scholarship if he scores seven or above (seventy percent) in the third year in Germany?
- Does my 12th grade percentage affect my master's application in Germany/France for a Bachelor's?
- What are the three Core Module subtests in the dMAT exam, and what does each one actually ask you to do?
- Can you explain the difference between Germany and Ireland regarding dependent visas and family stay for a PhD?
- Which countries offer the best bioinformatics programs for Indian students after Class 12, and what should they know about Germany specifically?
- Can other family members act as financial sponsors if my father’s income is insufficient in Germany?