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Expense list of USA for students Introduction:
It is an incredible and rewarding experience when you choose to attend higher educational opportunities in the United States. Every year, a wide range of international students often travel to the USA to achieve their higher education. Some migrate to complete undergraduate and graduate degrees, and some go to find jobs. However, going after academic goals also involves dealing with the burden of money management. Understanding the complicated nature of the American expense list as a domestic or international student is crucial for a successful academic career and a smooth transition. Before you start traveling to the USA to advance your career and for work objectives, you should review the expense list of USA for students because this is a crucial factor to take into account. In this article, we will go into more detail about the expense list that students may experience while studying in the USA.
Graduate Record Examination (GRE)
Your journey towards pursuing a master’s degree in the United States begins with conquering the GRE. Most American universities offering MS programs require applicants to provide a valid GRE score. Students have the flexibility to register for the GRE online, via phone, or by mail, and their test scores remain valid for five years. The cost of taking the GRE Exam is $182.
English Language Proficiency Test
IELTS: Another widely recognized English language proficiency test, administered by IDP, comes with a registration fee of $186. In case a student wishes to retake the exam, an additional $186 fee applies.
TOEFL: The TOEFL exam, accepted by over 11,000 colleges worldwide and particularly prevalent among US universities, serves as a crucial language test. Registering for the TOEFL comes at a cost of $170.
Visa expense
Apart from considering the fees, it’s crucial to have a comprehensive understanding of the entire Visa application process. After obtaining your I-20, you’ll be required to cover the visa fee of $142 and the SEVIS fee of $200. This means that the total expense for obtaining a U.S. study visa comes to $177.
Flight expenses to the USA
Generally, flight expenses are considered in some aspects, like the location from where you want to depart and which city you want to arrive, are buying the ticket in peak season or not, the location from where you will start for the USA, and which airline you are choosing. You can normally expect flight ticket prices for a one-way trip to the United States between $600 and $1200.
Living expenses for Students in the USA
Living expense for international students in the USA is quite expensive. If you choose to live in the USA as an international student then you have to keep in mind that you will need to spend around $17,300 to $30,000 on average in each year. There are two housing options for international students from among they can select their suitable one. On-campus and Off-campus are the two options. Certain American universities do not provide housing on campus. Some universities in the USA do not provide housing on campus. In this case, students need to stay outside of the campus by renting houses or apartments, or with a family which is known as off-campus. The expense of living off-campus is usually higher than living on on-campus. On-campus is definitely a good choice to stay if you have a tight budget.
Food
It is better to stay on campus if you want to save your food expenses. An approximate food expense can be between $120 and $210. If you plan to eat at a restaurant then you have to count around $12 to $60 on each day. Undoubtedly it is an expensive meal plan. Generally speaking, it is an excellent move to inquire around and get local guidance. If you are on a tight budget, then cooking food at your residence will be beneficial.
Transportation
The public transportation system is still widely accessible in the USA at a lower cost even though the majority of people own private vehicles. The expense of transportation varies according to the distance of the institution and residence. The monthly expense of transportation for an international student may be around $85 per month.
Medical Expenses
In the USA, obtaining medication without a valid prescription is quite challenging, making health insurance an essential consideration for students intending to relocate there. On average, monthly health insurance expenses in the USA for a student can amount to approximately $80.
Tuition Expense
If you are planning to complete your Master’s in the USA then remember that the tuition fee is the major part of your budget. The expense of pursuing a Bachelor’s degree may range between $65,000 and $95,500. In the USA, a two-year Master’s degree tuition expense may cost around $40,000.
Conclusion:
The above-mentioned expense list of USA for students is important for those who are thinking about studying in the USA. After going through this article, we trust that you have the information needed to plan your budget for your upcoming journey to the USA. We highly advise you to stay updated on any modifications or new developments regarding academic expenses in the USA. Keep in mind that these expenses might change depending on the US economy.
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