Taksheela Blog

This blog is a resource for Indian students and their parents to understand the true cost of education abroad, including everything from tuition fees to living costs, in the top countries such as the USA, UK, Canada, Australia, and Germany. Whether you are just beginning to research or are ready to apply, this guide will help you understand every rupee that you will need to spend.

Key Takeaways

• The average cost of studying abroad can vary from ₹15 lakhs to ₹80+ lakhs per year, depending on the country and course.
• Germany and Canada are some of the cheapest countries for Indian students to study abroad.
• Scholarships can cut down your overall cost by 20%–100% if you know where to find them.
• The cost of living is higher than tuition fees in some countries like Germany.
• Planning ahead (12-18 months in advance) helps you get better financial options and scholarship opportunities.

Dream Comes with a Price Tag

Every year, more than 1.3 million Indian students bid goodbye to their homeland while seeking overseas education. The reality is that as a student abroad pursuing overseas education is completely within reach with some smart planning. Knowing the cost of studying abroad can actually make your dream more attainable, not less. Whether you are targeting Harvard or Humboldt, the cost of pursuing overseas education can be significantly varied, and knowing the numbers is your first move towards empowerment.

At Taksheela Institute of Education, we have assisted thousands of students from Delhi NCR in this very same process. Our team of certified counselors provides you with authentic and personalized assistance so that your investment in education yields maximum results. 

What Is the Study Abroad Cost Estimated by Country?

Let’s cut straight to the numbers. Here’s a comprehensive study abroad cost estimate for the top 5 destinations for Indian students:

Country	Average Tuition/Year (USD)	Living Expenses/Year (USD)	Total Estimated Annual Cost (INR)
USA	$20,000 – $55,000	$10,000 – $18,000	₹25 – ₹60 lakhs
UK	$15,000 – $35,000	$12,000 – $16,000	₹22 – ₹45 lakhs
Canada	$12,000 – $25,000	$8,000 – $14,000	₹17 – ₹35 lakhs
Australia	$15,000 – $33,000	$10,000 – $15,000	₹20 – ₹40 lakhs
Germany	$0 – $3,000	$8,000 – $12,000	₹7 – ₹13 lakhs

Note: Cost often vary by university, program and city.

What Does the Full Expense Breakdown Look Like?

To understand the cost of studying abroad for Indian students, you need to look at more than just tuition fees. Here is what your expenses need to include:

• Tuition Fees: The biggest part, and it changes based on the subject (STEM, arts, or MBA)
• Housing: Off-campus housing will cost between $500 and $1,500 a month.
• Food and groceries: Depending on how often you cook, you should set about $200 to $500 a month.
• Health insurance: It is required in most places and costs between $300 and $1,000 a year.
• Travel (airfares): Round-trip airfares from India cost between $600 and $1,500 each year.
• Visa and application fees: It can range from $150 to $500, depending on the nation.
• Books and supplies: It can cost between $500 and $1,500 a year.
• Personal and other: $100 to $300 a month

How Should Delhi NCR Students Budget for Studying Abroad?

If you live in Delhi, Noida, Gurgaon, or Greater Noida, you can follow this spending plan:

Step 1: Cost of your destination – Start with the table above.

Step 2: Think about the forex rates – The value of the rupee changes all the time. Always add 10% to your calculation.

Step 3: Look into education loans – Indian banks like SBI, HDFC Credila, and Axis Bank offer education loans of ₹10 to ₹75 lakhs for studying overseas.

Step 4: Get guidance from a local expert – Overseas education consultants in Delhi NCR can help you figure out how much your education will cost, help you get a loan, and even connect you with scholarships before you apply.

Can the Average Cost of Studying Abroad Be Reduced by Scholarships?

Yes, and this is where smart students have a huge advantage. The average cost of studying abroad can be significantly reduced with the right scholarship plan.

The top scholarships for Indian students are:

• Fulbright-Nehru Fellowship (USA)
• Chevening Scholarship (UK)
• Vanier Canada Graduate Scholarships (Canada)
• Australia Awards Scholarship
• DAAD Scholarship (Germany – fully funded)

In addition, most institutions provide merit scholarships that range from 10% to 50% tuition fee waiver. The trick is to apply early and create a strong profile – something that experienced overseas education consultants in Greater Noida can help students achieve every day.

Study Abroad with Right Numbers 

Studying abroad is not an out-of-pocket expense, but an investment in your future. As a student abroad once you grasp your study abroad cost estimate, you no longer have to guess but can plan with confidence. Whether it is Germany’s free education or the USA’s top-notch campuses, every country has a price tag – and a way for you to fit in.

At Taksheela Institute of Education, we are of the opinion that no student should be forced to abandon their dream of studying abroad simply because the figures look daunting. Our team of experienced counselors in Delhi NCR will dissect every expense, pair you with scholarships, and walk you through every step – from short-listing universities to acquiring your visa. Contact us today and remove the element of guesswork from your international education experience.

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