The United States - one of the world's leading powers, studying in the US is always an ideal choice for those who want to study abroad. According to recent reports, the US has emerged as the third most expensive study abroad option in the world, after Australia and Singapore. , the average cost for a year of study in the US - including tuition and living expenses - is US $36,564. To get a bachelor's degree, you have to multiply that number by 4, and to know the cost of studying for a Master's degree in the US, you have to double the amount. In the US, there are two types of schools - public and private with different tuition fees. Even at public schools, there are two types of tuition for domestic and international students. If you study at top schools, the cost will be more expensive than "average" schools. At that time, the fees and living expenses can be more expensive by up to about 60,000 USD per year. But there are schools that will cost you much less, especially public schools. According to the student aid organization College Board, the average tuition at public schools is $25,620 for international students per year, compared to the average tuition at private schools of $34,740 per year. The most economical option is to attend a two-year program at a public university, also known as a Community College/Technical College or City College. These schools will cost you around $3,570 per year. After completing these two years, of course, you will not receive a bachelor's degree, but only an associate's degree, but this degree will allow you to transfer to study for two more years to get a bachelor's degree. Tuition is only part of the cost. In addition, you also have to calculate living expenses, transportation costs... Here is the annual living cost for undergraduate students according to the College Board's estimate:
$16,325 (Community college)
$23,410 (Domestic undergraduate students - Public university)
$37,229 (International undergraduate students - Public university)
$46,272 (Undergraduate students - Private university)
However, it is also important to note that at prestigious public universities, the cost is sometimes similar to that of private universities. The University of Michigan (the highest ranked public university in the US, according to QS World University Rankings) announced an average tuition fee for international students of $47,476/year, not including $11,198 for accommodation and $1,048 for books and learning materials.
Solving financial problems when studying abroad in the US?
Typically, major US universities are the most “generous” when it comes to scholarships. At MIT, the highest-ranked US university in the global rankings, 90% of undergraduates and 86% of graduated and working students are currently enrolled with some form of financial aid. At Caltech, nearly 60% of undergraduates are on scholarships, while 98% of graduate students and 99% of doctoral students receive full scholarships. International students can also receive other prestigious scholarships. The University of Pennsylvania is offering $6 million in scholarships this academic year, specifically for international undergraduates. According to US News data, Harvard University also awarded scholarships to international undergraduate students to 55% of students in 2016/2017 with a support of $53,083, while Yale University also awarded $52,831 in scholarships/year to 51% of students.
Calculating the cost of studying in the US?
US universities are required to publish tuition fees and scholarship programs on their websites, allowing potential students to predict how much they will have to pay during their studies, as well as choose the appropriate scholarship program to apply for.