This blog has covered all the expenses starting from tuition fees to your other miscellaneous expenses while studying in New Zealand for Indian Students.
When thinking about studying abroad, consider New Zealand as an option too. Well, for these reasons you’ll definitely consider as a popular destination for education.
The main motto of New Zealand is – “Study.Work.Settle” for international students. The latest studies have revealed that there was a 51% percent increase in the number of Indian Students, in June 2019.
In total there are eight universities in New Zealand and several academic institutions. And all eight universities are ranked in Top 100 Universities of the World.
Also, the cost of studying in New Zealand is much cheaper too and live in, as compared to other countries like the UK or the USA.
The rate of unemployment in New Zealand is also too low.
Well, after knowing all these reasons, I’m sure one will definitely pursue studying in New Zealand for further studies. First, let’s know-how degree are structured in New Zealand –
|Bachelor’s Degree Program||3 years||Level 5- Diploma; Level 6 – Advanced Diploma; Level 7 –Bachelor’s Degree|
|Master’s Degree Program||2 years||One year Theoretical and One-year independent Research-work|
|Doctoral Degree||3-4 years||Required to prepare a substantial thesis under pedagogical supervision.|
|MBA||1-2 years||Require bachelor’s degree, work experience, and TOEFL and IELT score|
Now let’s go deeper, the main factor when comes to study abroad is the expenses – tuition fees, accommodation, health, food and groceries, student visa, and transportation fees.
Here are some major expenses you needed, when you will study in New Zealand:
1. Prime Expenditure – Tuition fee
Your tuition fee for studying in New Zealand is the prime expenditure, which denotes the type of course and university you choose to apply to. Though every university has its own fee structure depending upon the course, annually you will need between INR 10 Lakh to INR 17 lakh.
At university for studying in New Zealand, a Bachelors degree will costs up to INR 10 Lakh to 12 INR Lakh annually, a Master’s degree will costs up to INR 9 Lakh to INR 14 Lakh annually, Doctoral degree roughly costs INR 3 Lakh to INR 4 Lakh annually and MBA will costs you roughly up to INR 15 Lakh to 25 INR Lakh annually.
Your tuition also depended on the type, of course, you opt for. For instance, humanities, arts, and education courses are less expensive approximately INR 10 Lakh than engineering and medical courses which are more expensive approximately INR 12 Lakh. If you want to bring down your educational expenses, then apply for various scholarships are the best way to cut down your tuition fees for studying in New Zealand.
Apart from the eight-state top universities, New Zealand is also home to several polytechnics – which on average cost INR 9 – INR 12 lakhs annually.
2. Accommodation expenses
Finding a place to live in various cities in New Zealand is not quite expensive and also comfortable. You are served with two options – on-campus or off-campus residence. Both accommodation places have their own pros and cons.
Most universities and campuses provide on-campus accommodation for international students which will costs up to INR 10,000 to INR 25,000 per week. These on-campus facilities are called ‘Halls of Residence” and living here is the most affordable option. You need to apply and pay for it separately and before time; otherwise, it will be all booked. You can either choose for fully catered halls or self-catered halls, although costs vary according to the services and size of the room.
Students also choose off-campus flats to live in with their friends or with local families. If you prefer renting in shared flats or private flats then there are various flat options for international students. In such cases, you’ll face cultural adjustments and rentals also vary from city to city. If you will live in the outskirts of the city then it will costs you less than living in the main market. These apartments will cost up to INR 5,000 per week where you have to do everything of your own.
Before traveling for studying in New Zealand, it is mandatory for all students to get medical insurance. Various universities and schools have started to give health insurance programs but it depends on the duration of your course and ends when the course is completed.
You can also arrange for your own private medical insurance which will costs between INR 9000 to INR 34000 per year. Also, health insurance is quite affordable and safe in New Zealand, especially for Indian students. A popular choice for insurance association is Orbit Protect which costs up to INR 22000 per year for all Indian students with excels in services and benefits.
4. Food and Groceries expenses
Other than accommodation fees and tuition fees there are always some miscellaneous expenses that need to be taken care of. When living in a foreign country, especially for studying purposes, you need to maintain an account of your expenditures, so you don’t overspend.
If you’re living in campus flats, your utility bills and WI-FI connections are taken care of. But, if you’re living on rent outside the campus then you need to see all your bills such as the internet, water, electricity, and gas on a regular basis.
If you want to study for more than a year then you should INR 80,000 in your hands as living expenses. The average costs of some necessary items you’ll need on a regular basis – Food and beverages – INR 7000, Household utilities – INR 10000, Communication – INR1000, and other expenses – INR 3500. Considering all other additional expenses a student should calculate his budget up to INR 60000 to 80000 per academic year.
5. Student Visa
To study in New Zealand, the foremost step is to obtain a student visa that comes with costs of INR 14000. After your graduation, your visa extends up to three years by default that will allow you to look for work. By securing a good job one can easily earn significantly and your prior investments for study can be retrieved easily.
Also one can opt for PR in New Zealand after studies and you can get a loan for your higher education at 0% interests.
6. Transportation fees
Various universities provide you with in-service transportation of to and fro from your lodge. Also when you’re living on-campus then the distance to the university is shorter. Otherwise, you’ll have to rely on the available public transport. For short distances – you can opt for regional trains, buses, and subways. You can also get a monthly pass for traveling to university which will costs you much cheaper.
For traveling between cities you can choose long distances buses, rail, airways, and ferries. For transportation, Indian students need around INR 3000 weekly.