What is the expected fee structure and budget range for completing my master's abroad, and can I opt for an education loan in Australia/Canada?
Yes, you can opt for an education loan to fund your master's abroad. Here’s a typical fee and budget breakdown:
- Singapore: Tuition fees are usually SGD 20,000 - 55,000/year (₹12 - 33 lakh). Living expenses add SGD 800 - 1,500/month (₹48,000 - 90,000).
- United States: Total cost (tuition + living) is about ₹60 - 80 lakh.
- United Kingdom: Total budget ranges from ₹45 - 60 lakh.
- Canada/Australia: Expect ₹35 - 50 lakh overall.
Education loans from Indian banks and financial institutions can cover up to 100% of tuition and living costs. Interest rates are typically 8 - 14%/year (subject to change), with repayment starting after your course and a possible 6 - 12 month grace period.
For details on loan eligibility and tailored options, connect with your LeapScholar counsellor.
More expert answers
The estimated cost for a master's degree abroad varies by country and university. Here’s a typical annual range for Indian students:
- United States: ₹30 - 55 lakh (tuition + living)
- United Kingdom: ₹25 - 42 lakh (tuition + living)
- Canada: ₹18 - 35 lakh (tuition + living)
- Australia: ₹20 - 37 lakh (tuition + living)
- Germany: ₹8 - 13 lakh (mainly living, low tuition at public universities)
These figures are approximate and subject to change. Actual costs depend on your chosen university, program, and lifestyle. Scholarships and part-time work can help reduce expenses. If you need guidance on planning your finances or choosing a destination, connect with your LeapScholar counsellor.
Will you qualify for an Australian education loan?
Collateral, co-applicant income and repayment. Check your eligibility in minutes.
More Cost & living questions
- What is the lowest undergraduate tuition fee I can expect to pay at a Canadian university for the 2026 academic year?
- How much would I pay in first-year tuition for the International MBA program at York University, Toronto?
- How much monthly rent should I expect to pay for accommodation in Austria as an international student?
- If I get an education loan, can I proceed with the application after the loan amount is clear?
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Does the agency provide end-to-end services including visa, loan guidance, and accommodation?
- 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?
More Australia questions
- Other than Canada and Netherlands, are there better countries to study science and technology in Germany/Singapore?
- How long will it take me to complete the MS program at Queensland University of Technology?
- Which master's course suits a Supply Chain Management graduate planning to study in Canada?
- What are the options for pursuing a master's in psychology or clinical psychology given my bachelor's background in biology in Australia/Canada?
- How long would it take me to complete the PG Certificate program at the University of Queensland?
- Will there be any problems if I do my studies offline abroad given the education structure is different from India in Ireland/Canada?
- Can I apply for a master's program in Australia immediately after completing my bachelor's at age 25?
- What should I do to improve my chances of going to Canada as a teacher?