There are two main factors that determine the Cheapest Countries to Study Abroad. The first being the amount of money they would have to spend on tuition fees and the second, the living costs in the country. These two aspects are closely governed by several features that directly influence living costs and tuition fees of the student.
In this article, let us look at:
1. Tuition Fee
Tuition fees for government-funded institutions are much lesser than private universities. There are a number of scholarships and grants available for students to apply, which would significantly reduce their studying expenses. Below is a comprehensive table that shows the average first-year cost of studying in that particular country, for the benefit of the students planning to study abroad.
Countries | MBA | MS | BE/BTech |
USA | 21.41 | 16.99 | 19.88 |
Canada | 13.58L | 10.20 | 11.50 |
Australia | 17.30L | 18.12 | 14.35 |
UK | 16.63 | 14.51 | 14.38 |
Germany | 9.03L | 01.58 | 02.36 |
Singapore | 20.08 | 17.04 | 12.05 |
New Zealand | 11.42 | 13.06 | 10.78 |
Netherlands | 13.82 | 12.03 | 07.43 |
Ireland | 12.32 | 11.86 | 10.98 |
France | 13.97 | 11.26 | 03.25 |
Sweden | NA | 10.67 | 09.17 |
2. Living Costs
The living expenses generally include accommodation costs, room, and boarding, food, travel, and entertainment. Other expenses that are taken into consideration under living expenses include, travel expenses between India and the country of choice during vacation time; large purchases, such as PC, furniture, or even a rental car; medical expenses not covered by health insurance, e.g. dental care, eye care, cosmetic treatments; social outings; weekend trips and personal and variable expenses. Keeping these factors in mind, we have gathered an all-inclusive average living expenses index for students wanting to travel abroad.
Country | Living Expenses (in lakhs) |
USA | 8.0 |
Canada | 5.5 |
Australia | 10.30 |
United Kingdom | 10.2 (within London)8.2 (outside London) |
Germany | 7.0 |
Singapore | 8.0 |
New Zealand | 7.5 |
Netherlands | 8.0 |
Ireland | 8.2 |
France | 7.0 |
Sweden | 8.0 |
3. List of Cheapest Countries to Study Abroad
Read the following to find out the top destinations and colleges and course preferences for every country which are a major favorite among Indian students traveling abroad for higher education:
Countries | Universities | Cities | Courses |
United States of America | Princeton University, Harvard University, Yale University, Columbia University Stanford University | BostonNew YorkCambridgeOld SaybrookNew Haven | Business Management, Computer Science, Finance and Accounting, Economics, Communications/Media |
Canada | McGill University The University of British Columbia university of AlbertaSimon Fraser University | TorontoBritishColumbiaMontreal. | Business Management, Media, Engineering, Computer Science, Hospitality. |
United Kingdom | The University of Cambridge, University of Oxford, London School of EconomicsImperial College London, University of Durham | Cambridge, Oxford Manchester | Sociology and Social Studies,LawBusiness Management, Computer Science Communications/Media. |
Australia | The Australian National University The University of New South Wales The University of Melbourne University of Western Sydney Monash University. | Sydney Canberra Brisbane Melbourne Perth | AccountingMaster of Business Administration (MBA), Health Care, Information TechnologyHotel Management |
New Zealand | University of Auckland, University of Otago, University of Canterbury, Victoria University of WellingtonMassey University | Wellington, ChristchurchHamilton Napier-Hastings | EngineeringBusiness Studies, IT/ComputingTourism & Hotel ManagementVisual Communications |
Singapore | Nanyang Technological University (NTU)National University of Singapore (NUS) Singapore University of Technology and Design (SUTD)Singapore Management University (SMU) | – | International Baccalaureate (IB) DiplomaInformation Technology, Management Finance/Accounting Engineering |
Germany | Heidelberg University, Technical University of MunichFree University of Berlin, Ludwig Maximilian University of Munich Humboldt University of Berlin | Munich Baden-Wurttemberg Frankfurt Heidelberg | EngineeringBusiness Studies, IT/ComputingTourism & Hotel ManagementVisual Communications |
France | Ecole Normale SuperieureEcole Polytechnique Pierre-and-Marie-Curie University | NiceParisLyon, Grenoble Orleans | Space and Aviation teachingEngineeringBusiness StudiesArtHistoryTourism and Hotel Management |
Netherlands | University of Amsterdam Delft University of TechnologyUtrecht UniversityLeiden University | Wageningen, Groningen Leiden Maastricht Nijmegen | Space and Aviation teachingEngineeringBusiness StudiesArtHistoryTourism and Hotel Management |
Ireland | Trinity CollegeNational College of IrelandUniversity College Dublin, Griffith CollegeNational University of Ireland GalwayWaterford Institute of Technology, etc. | Dublin, Limerick Galway | Language and LiteratureBusiness Studies, Medical courses, NursingSocial science |