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Decoding MS in the USA: Your Budget Guide for Indian Students

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Decoding MS in the USA

Decoding MS in the USA: Your Budget Guide for Indian Students

 Embarking on the journey of pursuing a Master’s degree in the USA is a significant step towards academic and career growth. However, understanding and preparing for the associated costs is crucial for a smooth transition. In this guide, we break down the expenses, providing valuable insights for Indian students planning to pursue MS in the USA.

EXPENSES FOR MS IN USA WHILE IN INDIA

  1. Graduate Record Examination (GRE) Exam Fee: Initiating your MS journey often starts with the GRE exam, a pivotal factor in the application process. Understanding the importance of thorough preparation, the exam fee stands at $220 (INR 22,500). Additionally, some may opt for a retake, incurring an additional $220 (INR 22,500).
  1. You can skip the GRE but not TOEFL or IELTS: While the GRE might be optional for some applications, TOEFL or IELTS is mandatory. Consider these exams as your passport to the United States. The TOEFL exam costs $200 (INR 16,900), and the IELTS is priced at $195 (INR 16,200).
  1. Applying to US universities: Application fees range from $50 (INR 4,150) to $100 (INR 8,300) per university. Considering additional costs for sending official test scores (GRE and TOEFL) through ETS, an average application expense amounts to $110 per university. For 10 universities, this totals $1,100 (INR 91,400).
  1. Other Expenses During Applications:

a) Counselling: Seek professional guidance at an average cost of Rs. 25,000 (Exempted for 5Lands overseas patrons)

b) Documents and Dispatch: Expenses for transcripts, bank statements, affidavits, and dispatching them to universities approximate around Rs. 12,000.

c) Miscellaneous Charges: Varied charges like late registration, rescheduling, etc., may incur, amounting to approximately $20-$160 each (INR 1,680-13,300)

 

     5.VISA: Upon receiving your I20, essential for your stay in the US, VISA procedures commence. The VISA fee is $160 (INR 13,300), followed by the SEVIS fee at $200 (INR 16,600).

   6.Flight Tickets: Economy class airfares range from Rs. 60,000 to Rs. 80,000 for a one-way trip and Rs. 1,20,000 to Rs. 1,60,000 for a return journey.

EXPENSES FOR MS IN USA WHILE IN USA

  1. Tuition Fee: Varied across universities and courses, the average tuition fee is USD 40,000 (INR 33,00,000) for a two-year MS program. Scholarships or financial aid may reduce these costs.
  2. Living Expenses: Living expenses, influenced by factors like location and housing, average between $500 to $1100 per month. Over a 2-year course, this totals around $16,000 (INR 13,30,000).

 

Table: Summary of Expenses (All amounts in INR)

Expense Amount
GRE Exam Fee (1 attempt) 22,500
GRE Retake 22,500
TOEFL Exam 16,900
IELTS Exam 16,200
Application Fee per University 9,140
Documents and Dispatch 12,000
Miscellaneous Charges (Estimate) 11,840
VISA Fee 13,300
SEVIS Fee 16,600
One-way Flight (Avg.) 80,000
Return Flight (Avg.) 1,60,000
Tuition Fee (2-year program) 33,00,000
Living Expenses (2 years) 13,30,000

 

Conclusion: Understanding the intricacies of MS expenses is pivotal for a successful academic journey. At 5Lands Overseas Consultancy, we offer personalized guidance to help you navigate through these costs, ensuring a smooth transition towards your educational aspirations.

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