Parents go through a
lot of trouble to ensure that their children get the best education – some even
start planning and saving for it since the day their kids are born. And you
already a aware that higher education is an expensive affair, especially if you
want to send your child to a foreign university. Other than the tuition fees,
you will also need to factor in the cost of living. These can vary from country
to country and city to city as well. It is important that you factor in both
heads of expenses while chalking out your budget.
1. United States of America
Tuition Fees
Varies drastically across public and private colleges. Rs 25–30 lakh in a private college, Rs 15–23 lakh in a public college
Cost of living
Average cost of living is Rs 75,000 a month. Living on the east coast is cheaper than on the west coast.
Total annual cost: Rs 34 lakh
Tuition Fees: Rs 25 lakh
Cost of living: Rs 9 lakh
2. Australia
Tuition Fees
Rs 10-16 lakh for an undergraduate course
Rs 12–18 lakh for a postgraduate course
Cost of living
Prescribed cost as per visa requirement is Rs 86,000 a month. Varies across cities. For example, difference in living cost between Sydney and Canberra is around Rs 17,000 per month.
Total annual cost: Rs 25 lakh
Tuition Fees: Rs 15 lakh
Cost of Living: Rs 10 lakh
3. United Kingdom
Tuition Fees
Fees ranges from Rs 8 lakh to Rs 18 lakh.
Cost of Living
Prescribed cost as per visa requirement is Rs 1.1 lakh a month for London and Rs 91,000 a month outside London.
Total annual cost: Rs 25 lakh
Tuition fees: Rs 13 lakh
Cost of living: Rs 12 lakh
4. Canada
Tuition fees
Rs 10-15 lakh for an undergraduate course
Rs 8-20 lakh for a postgraduate course
Cost of living
The prescribed living expense as per the visa requirement is Rs 57,000 per month.
Total annual cost: Rs 19.8 lakh
Tuition fees: Rs 13 lakh
Cost of living: Rs 6.8 lakh
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