Everything has its price. This also applies to study-related stays in the USA. International students are subject to various costs for studying in the USA. But the good news is that there are many ways to get financial support.
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Cost: Tuition Fees USA
Whether domestic or international students – tuition fees apply to all students in the USA. However, the height of the Tuition differs considerably. On average, tuition fees in the USA are between US$ 12,000 and 16,000 per year.
The exact amount of study-related costs for studying in the USA depends on various factors:
- Public or private University: Private universities generally charge higher fees than public colleges and universities.
- Type of higher education institution: Relatively low costs for studying in the USA are incurred at Community Colleges in the USA. In contrast, for example, research universities and the renowned universities of the Ivy League demand particularly high fees.
- In-state or out-of-state students: State-run higher education institutions differentiate between students residing in the state and students living outside the state. The second group also includes international students. You must expect higher study-related costs for studying in the USA.
- Type of study: An LLM or MBA in the USA is more expensive than a Bachelor’s degree. Semester programs in the USA are a popular form of study, not least because Tuition Fee is in many cases considerably lower than a full course of study. There are also differences in the choice of subjects. Courses of study in literature and cultural studies are usually cheaper than those in economics or natural sciences.
In addition to the tuition fees, there are further study-related costs for studying in the USA, such as registration and service fees and book fees.
In the USA, international students often have to take out health insurance through the university. In most cases, it makes sense to take out additional private health insurance abroad.
Cost: Cost of living
During the studies abroad, there are costs not only for studying in the USA, but also for everyday life. The average cost of living in the USA varies from state to state. It also depends on whether students live in a rural area or in the middle of the city. In addition, the individual lifestyle has an influence on how high the costs actually turn out in everyday life.
For studying abroad in the USA, students must in any case plan renting costs. The amount of rent varies according to the type of accommodation. If you have a room in a student residence or live with a host family, you do not usually have to pay any additional costs or charges for using the Internet. In addition, a so-called Meal Plan is often already included in the semester-related costs for studying in the USA. The Meal Plan is also often included in homestay programs.
At least US$ 20 – 40 per week should be put aside for food. It is also worth saving money for activities such as visits to the cinema and restaurants, sports events or excursions. Additional costs may include transport and communication costs. Possible health care costs should also be taken into account.
The best way to save costs for studying in the USA is found out by students, especially on location. Many useful tips on the topic can be found in the experience reports on studying abroad in the USA.
Financing possibilities for studies in the USA
From foreign scholarships and grants to student loans – there are various financing options for studying in the USA. Students studying for one or two semesters in the United States are eligible for the following grants:
- Foreign scholarships
- Fulbright scholarships
Students who complete a full course of study in the USA have the following financing options:
- Sports Scholarships USA
- Flat-rate scholarships for international students
- Scholarships and Assistantships of US-American Universities
In addition, the DAAD and numerous foundations and institutions for the promotion of gifted students in Germany also award scholarships. It is also worth considering a low interest rate student loan. This can also cover the costs of studying in the USA.
In addition, international students can work up to 20 hours a week on campus to ease their wallet. With a F1 visa, you can also apply for an Open Practical Training course and thus also earn extra money.