For Indian students studying in the United States, education loans often cover tuition fees, but the real challenge lies in managing living and food expenses. Hostel, apartment, transport, healthcare, and daily necessities can cost thousands of dollars annually, often disrupting students' budgets.
Cost of Studying in the USA: The dream of studying abroad for Indian students is often associated with universities in the United States, known for their world-class education and better career opportunities. Every year, a large number of students arrive there with education loans, but the challenge is not limited to tuition fees. The real burden falls on living, food, and other expenses. According to media reports, the annual cost of living in the USA can range from $9,800 to $11,100, while additional expenses like healthcare, books, and transport make it even heavier.
The Biggest Burden: Accommodation Costs
Indian students studying in the United States face the most difficulty with accommodation costs. Whether choosing a university hostel or a private apartment, both options are quite expensive. According to reports, a student's annual accommodation costs range from $9,800 to $11,100. If we talk about big cities like New York, Los Angeles, or Boston, this expense can be even higher.
The electricity bill alone comes to around $100 to $150 per month. Students living in apartments have to manage this expense separately, which further increases the budget.
Food Budget Also Heavy
Food expenses are also a significant part of American life. Students living on campus have to spend approximately $250 per month. On the other hand, those studying off-campus may have to bear expenses of $400 to $600. This expense increases even more if one has a habit of eating out.
In addition, phone recharges cost around $50 per month, and internet expenses range from $45 to $50.
Expenses for Books and Transport
During studies, books and study materials are essential. In the United States, these can cost from $900 to $2,000 annually. At the same time, local transport and short-distance travel cost $300 to $700 per year. This expense can increase further when living in big cities.
Healthcare and Other Expenses
Healthcare is very expensive in the United States, so it is essential for students studying there to have health insurance. This costs between $700 and $1,100 annually. On average, $500 is spent on clothing, and a considerable amount is also spent on entertainment or outings.
Many students also do part-time jobs to manage these increasing expenses. Such opportunities are easily available in the United States, allowing students to manage their education and living expenses to some extent.
The dream of studying in America may be fulfilled with an education loan, but living, food, and healthcare expenses there become a major challenge for Indian students. These expenses can be managed only through proper budget planning and part-time jobs.
