Cost of Studying Abroad
Expenses
Invest wisely for abroad education
If you have doubts or fears about investing in your education abroad. We understand how you feel. That’s why we at DishariPrep have prepared this page to help you address these questions and concerns. We want to show you how we would help guide you to make studying abroad more affordable and manageable for you and your parents.
The truth is, studying abroad is not as expensive as you might think. In fact, it can be a smart and valuable investment for your future. Visit our page Benefits to Studying Abroad to see how. But you might still feel that studying abroad is not possible for you financially right now. Here are some of the ways we help our clients bridge the gap between your budget and costs:
Apply for scholarships and financial aid: There are many sources of funding available for students who want to study abroad. You can apply for scholarships, grants, bursaries, fellowships, etc., that are offered by various institutions, such as universities, foundations, governments, etc. These awards can cover part or all of your tuition fees, living expenses, travel costs, etc., depending on the eligibility criteria and application process. Here are some examples of the types of awards available:
Work while studying: Many countries allow international students to work part-time while studying, which can help you earn some extra income and gain some valuable experience. You can work part-time, up to 20-24 hours per week, when school is in session, in countries like the USA, Canada, UK, Australia, or in Europe, depending on your visa conditions and program requirements. The minimum hourly wage for students can vary from USD 7.25 in the USA to AUD 23.23 in Australia, depending on the type and location of work. We keep ourselves updated in regards to these information; Get in touch with us to keep yourself updated.
Seek assistantship or internship opportunities: Another way to earn money and enhance your skills while studying abroad is to seek assistantship or internship opportunities in your field of study. You can apply for teaching assistantship (TA), research assistantship (RA), graduate research assistantship (GRA), or academic assistant (GA) positions at your university or other institutions. These positions usually involve assisting professors or researchers with teaching or research tasks in exchange for a stipend or tuition waiver. You can also apply for internship opportunities at various organizations or companies that are related to your career goals. These opportunities can provide you with hands-on experience, networking, and mentorship in exchange for a salary or credit.
Take out loans at low interest rates: If you still need some financial assistance after exhausting all other options, you can consider taking out loans at low interest rates from reputable lenders. We know some lenders that specialize in providing loans for international students who want to study abroad. These loans usually do not require collateral or co-signer, and offer flexible repayment terms and grace periods. However, you should be careful about borrowing money and only take out what you need and can afford to repay.
Before taking the next step in your decision to study abroad, let us take a glimpse of the actual costs of studying abroad that you need to be aware of. We will see why these costs are reasonable and competitive compared to other options.
The costs of studying abroad can vary depending on many factors, such as the destination country and city, the duration and type of program, the tuition fees and living expenses, the exchange rate and inflation, the scholarships and financial aid available, etc. However, to give you a general idea, we have classified the costs based on the popular destinations, by program levels, and then further classified the costs between ‘Tuition fees’, ‘Medical Insurance’ and ‘Living expenses’.
Please note that these costs are only indicative and may change over time. They will vary based on programs and institutions. You should always check the official websites or contact us for the most updated and accurate information.
USA
The USA is one of the most popular and prestigious destinations for studying abroad. It offers a wide range of programs and institutions that cater to different interests and needs. It also offers a vibrant and diverse culture and lifestyle that can enrich your child’s experience.
However, the USA is also one of the most expensive destinations for studying abroad. The tuition fees and living expenses are higher than most other countries. The medical insurance is also mandatory and costly. Here are the costs of studying in the USA at undergraduate and postgraduate levels:
| Undergraduate | Postgraduate | |||
|---|---|---|---|---|
| Minimum | Maximum | Minimum | Maximum | |
| Tuition Fees | USD 5,000/yr. | USD 50,000/yr. | USD 10,000/yr. | USD 70,000/yr. |
| Medical Insurance | USD 500/yr. | USD 2,000/yr. | USD 500/yr. | USD 2,000/yr. |
| Living Expenses | USD 10,000/yr. | USD 20,000/yr. | USD 10,000/yr. | USD 20,000/yr. |
| Total | USD 15,500/yr. | USD 72,000/yr. | USD 20,500/yr. | USD 92,000/yr. |
** Disclaimer: The amounts listed in the above table contains approximate cost data collected in 2022. These costs are subject to changes and are only listed for comparison purposes. Please schedule an assessment at our offices to get a proper estimation about the costs involved.
Additional Information
- The average tuition fee for public institutions is USD 10,560 per year, while the average tuition fee for private institutions is USD 37,650 per year.
- The average tuition fee for master’s programs is USD 20,000 per year, while the average tuition fee for doctoral programs is USD 30,000 per year.
Canada
Canada is another popular and prestigious destination for studying abroad. It offers a high-quality and affordable education system that is recognized worldwide. It also offers a safe and multicultural environment that can enhance your experience. Canada is also one of the most welcoming and friendly countries for international students.
It offers many opportunities for citizenship or work permits for students who want to stay and work in Canada after their studies. Here are the costs of studying in Canada at undergraduate and postgraduate levels:
| Undergraduate | Postgraduate | |||
|---|---|---|---|---|
| Minimum | Maximum | Minimum | Maximum | |
| Tuition Fees | CAD 7,000/yr. | CAD 35,000/yr. | CAD 10,000/yr. | CAD 40,000/yr. |
| Medical Insurance | CAD 600/yr. | CAD 900/yr. | CAD 600/yr. | CAD 900/yr. |
| Living Expenses | CAD 10,000/yr. | CAD 15,000/yr. | CAD 10,000/yr. | CAD 15,000/yr. |
| Total | CAD 17,600/yr. | CAD 51,400/yr. | CAD 21,100/yr. | CAD 56,400/yr. |
** Disclaimer: The amounts listed in the above table are approximate costs that were collected in 2022. These costs are subject to changes and are only listed for comparison purposes. Please schedule an assessment at our offices to get a proper estimation about the costs involved.
UK
The UK is another popular and prestigious destination for studying abroad. It offers a world-class and renowned education system that is respected globally. It also offers a rich and diverse culture and history that can fascinate you. The UK is also one of the most convenient and accessible countries for international students.
It offers a shorter and more intensive course structure that can save your time and money. It also offers a flexible and easy visa process that can simplify your application. Here are the costs of studying in the UK at undergraduate and postgraduate levels:
| Undergraduate | Postgraduate | |||
|---|---|---|---|---|
| Minimum | Maximum | Minimum | Maximum | |
| Tuition Fees | GBP 10,000/yr. | GBP 38,000/yr. | GBP 11,000/yr. | GBP 42,000/yr. |
| Medical Insurance | GBP 200/yr. | GBP 500/yr. | GBP 200/yr. | GBP 500/yr. |
| Living Expenses | GBP 9,000/yr. | GBP 15,000/yr. | GBP 9,000/yr. | GBP 15,000/yr. |
| Total | GBP 19,200/yr. | GBP 53,500/yr. | GBP 20,200/yr. | GBP 57,500/yr. |
** Disclaimer: The amounts listed in the above table contains approximate cost data collected in 2022. These costs are subject to changes and are only listed for comparison purposes. Please schedule an assessment at our offices to get a proper estimation about the costs involved.
Australia
Australia is another popular and prestigious destination for studying abroad. It offers a modern and innovative education system that is highly regarded internationally. It also offers a beautiful and diverse natural environment that can amaze you. Australia is also one of the most friendly and multicultural countries for international students.
It offers a high standard of living and quality of life that can make you feel comfortable and happy. It also offers a variety of opportunities for citizenship or work permits for students who want to stay and work in Australia after their studies. Here are the costs of studying in Australia at undergraduate and postgraduate levels:
| Undergraduate | Postgraduate | |||
|---|---|---|---|---|
| Minimum | Maximum | Minimum | Maximum | |
| Tuition Fees | AUD 15,000/yr. | AUD 33,000/yr. | AUD 20,000/yr. | AUD 37,000/yr. |
| Medical Insurance | AUD 620/yr. | AUD 620/yr. | AUD 620/yr. | AUD 620/yr. |
| Living Expenses | AUD 21,000/yr. | AUD 42,000/yr. | AUD 21,000/yr. | AUD 42,000/yr. |
| Total | AUD 36,620/yr. | AUD 75,620/yr. | AUD 41,620/yr. | AUD 79,620/yr. |
** Disclaimer: The amounts listed in the above table are approximate costs that were collected in 2022. These costs are subject to changes and are only listed for comparison purposes. Please schedule an assessment at our offices to get a proper estimation about the costs involved.
Europe
Europe is another popular and prestigious destination for studying abroad. It offers a diverse and dynamic education system that is recognized globally. It also offers a rich and varied culture and heritage that can inspire you. Europe is also one of the most affordable and accessible countries for international students.
It offers low or no tuition fees for some programs or institutions, especially in countries like Germany, France, or Norway. It also offers a free or easy visa process that allows students to travel within the Schengen area. Here are the costs of studying in Europe at undergraduate and postgraduate levels:
| Undergraduate | Postgraduate | |||
|---|---|---|---|---|
| Minimum | Maximum | Minimum | Maximum | |
| Tuition Fees | EUR 20,000/yr. | EUR 20,000/yr. | EUR 30,000/yr. | EUR 30,000/yr. |
| Medical Insurance | EUR 100/yr. | EUR 800/yr. | EUR 100/yr. | EUR 800/yr. |
| Living Expenses | EUR 6,000/yr. | EUR 12,000/yr. | EUR 6,000/yr. | EUR 12,000/yr. |
| Total | EUR 26,100/yr. | EUR 32,800/yr. | EUR 36,100/yr. | EUR 42,800/yr. |
** Disclaimer: The amounts listed in the above table are approximate costs that were collected in 2022. These costs are subject to changes and are only listed for comparison purposes. Please schedule an assessment at our offices to get a proper estimation about the costs involved.
Tuition
Fees & Understanding the Expenses
If you consider the BDT 3,00,000 – 4,00,000 annual fees for the private universities in Bangladesh, and compare it to the costs of studying abroad in different countries and levels are not as high as you might think. In fact, they are reasonable and competitive compared to other options. And there are many ways to reduce or cover these costs, as we have explained in the previously.
We hope this page has helped you understand and appreciate the cost and value of studying abroad. We also hope you have found some useful facts and figures to make studying abroad more realistic and achievable for you and your child.
If you have any questions or concerns, please feel free to contact us anytime. We are always here to help you.
Thank you for choosing DishariPrep as your study abroad partner.
We are a certified education consultancy firm based in Bangladesh that specializes in helping aspiring international students achieve their dreams of studying abroad. We have expertise in providing personalized and comprehensive services to our clients to help them with: