Deciding on a foreign university, for a course that will shape your career, depends a lot on the country that houses it. The country you apply to primarily should have a good standard of education which is also dependent on how affordable it is for you, a student living in India. It is imperative that you have to apply for an educational loan to fund your studies abroad.
There are essentially two prime factors that define the most affordable country, the amount that you spend on the tuition fee and your living expenses in the country of your choice.
Tuition Fee
The tuition fee is the amount paid to the institution to help you earn the skills you need to further your career. It varies according to the different universities, courses, and cities within a country. Some colleges, depending on their quality of education and reputation and placements, may require you to pay a large amount of tuition fee causing you to apply for an Education Loan. These are mostly private colleges with superlative facilities.
There are public universities as well, govt funded colleges that are affordable and have facilities that rival those of the private institutions. The tuition fee a college asks for also depends on how good the economy of the country is and the kind of taxes that are levied by the government. There are a number of scholarships and grants available for students to apply, which would significantly reduce their studying expenses.
Living Expenses
When you’re living and studying in a foreign country whose economy is better than yours, your lifestyle expenses will obviously increase in comparison to those incurred if you were staying in India.
On average, a student spends approximately $15,000–20,000 per year on living expenses abroad.This however, entirely depends on the location where a student inhabits. If you live in a metropolitan city,you would be spending more than a student who opts for a hostel or suburban accommodation.
The living expenses comprise
- Accommodation costs
- Room, and Boarding
- Food
- Travel
- Textbooks
- Weather-appropriate clothing
- Entertainment expenses
Other expenses
- Travel expenses between India and the country of choice during vacation time.
- Large purchases, such as laptop, furniture, rental car; medical expenses not covered by health insurance, weekend trips and personal and other variable expenses.
Here’s a list of the countries that are quite affordable for MS students.
Canada
Most of the best colleges in the country are situated in cities like Toronto, British Columbia, Montreal. The most popular higher study courses in Canada would be postgraduate diplomas in areas like Business Management, Media, Engineering, Computer Science, and Hospitality.
Universities like McGill University, The University of British Columbia, University of Alberta and Simon Fraser University are popular choices, for candidates wantingn to pursue a full-time academic degree in Canada.
United Kingdom (UK)
The top universities in the UK are University of Cambridge, University of Oxford, London School of Economics, Imperial College London, and the University of Durham. Most of the best colleges in the country are situated in London, followed by Cambridge, Oxford, and Manchester. Popular courses in the United Kingdom for Indian Students include Sociology and Social Studies, Law, Business Management, Computer Science and Communications/Media.
New Zealand (NZ)
The top universities in New Zealand are the University of Auckland, University of Otago, University of Canterbury, Victoria University of Wellington, and Massey University. Auckland is the center of all the renowned academic institutes. Most of the best colleges in the country are situated in cities like Wellington, Christchurch, Hamilton, and Napier-Hastings. Engineering, Business Studies, IT/Computing, Tourism & Hotel Management and Visual Communications are the popular courses for Indian students to pursue in New Zealand.
Singapore
The top universities in Singapore are Nanyang Technological University (NTU), National University of Singapore (NUS), Singapore University of Technology and Design (SUTD) and Singapore Management University (SMU). International Baccalaureate (IB) Diploma, Information Technology, Management, Finance/Accounting and Engineering are a few popular courses for Indian students to pursue in Singapore.
Germany
The top universities in Germany are Heidelberg University, Technical University of Munich, Free University of Berlin, Ludwig Maximilian University of Munich, and the Humboldt University of Berlin. Berlin is the center of all the renowned academic institutes. Most of the best colleges in the country are situated in cities like Munich, Baden-Wurttemberg, Frankfurt, and Heidelberg. Engineering, Business Studies, IT/Computing, Tourism & Hotel Management, and Visual Communications are the popular courses for Indian students to pursue in Germany.
France
The top universities in France are the Ecole Normale Superieure, Ecole Polytechnique, and Pierre-and-Marie-Curie University. Paris is the center of all the renowned academic institutes. Most of the best colleges in the country are situated in cities like Nice, Paris, Lyon, Grenoble, and Orleans. Space and Aviation teaching, Engineering, Business Studies, Art, History, Tourism and Hotel Management are the popular courses for Indian students to pursue in France.
Netherlands
The top universities in the Netherlands are the University of Amsterdam, Delft University of Technology, Utrecht University, and Leiden University. Most of the best colleges in the country are situated in cities like Wageningen, Groningen, Leiden, Maastricht, and Nijmegen. Space and Aviation teaching, Engineering, Business Studies, Art, History, Tourism and Hotel Management are the popular courses Indian students pursue in the Netherlands.
Ireland
The top universities in Ireland are Trinity College, National College of Ireland, University College Dublin, Griffith College, National University of Ireland Galway, Waterford Institute of Technology, IBAT College Dublin, Maynooth University, Cork Institute of Technology, and Dublin City University. Most of the best colleges in the country are situated in cities like Dublin, Limerick, and Galway. Language and Literature, Business Studies, Medical courses, Nursing, and Social sciences are the popular courses Indian students pursue in Ireland.
If you are interested in doing MS in USA you can visit Leap Finance, they offer educational loans without collateral for abroad studies.
