Every year, thousands of Nepali students attend higher education colleges and universities in the USA. According to the latest Open Doors Report by the Institute of International Education (IIE) and the US Department of State Bureau of Education and Cultural Affairs, Nepal ranks 12^th for both undergraduate and graduate students in the US, with over 13,229 enrolled students.

Now, Nepal is the county with the highest growth rate in sending students to the US and is among the top 25 sending countries.

Also Read: Nepal, Fifth Largest Foreign Community to Receive US H-1B Visa

While the US emerged as one of the top choices for Nepalis considering abroad studies, it also stands as one among the most expensive choices.

According to HSBC’s recent report, The Value of Education, international students spend an average amount of USD 99,417 over the course of a degree and potentially high living costs of the US adds to the expenses.

Nepalis aspiring to study in the US will need to have a good financial plan on how to cover tuition fees and other expenses.

Also Read: What After 10th Grade in Nepal? Overview on Ten Plus Two (+2) Courses!

Before you leave Nepal for the states, ensure that you consider expenses like accommodation, food, health coverage, and travel along with the tuition fee when calculating the estimated cost of studying in the US.

Here, we have compiled a list of estimates to help you get a clear picture of the cost of studying in the US:

Cost of Studying in the US

1) Location-wise Costs of Living

Living costs will differ significantly depending on the location the student wants to settle and their standard of living.

2) Tuition Fees

The expenditure on tuition fees depends on the type of qualification and the university or school you choose to study. Approximately, students need around USD 10,000 to USD 55,000 per year to cover their tuition fees.

The US universities are of two types, namely, public and private universities. The tuition fee in a public/state university is comparatively lower than the private universities.

In general, humanities, education, and art courses are cheaper than those of medicine and engineering subjects. And the tuition fee for the postgraduate level will be higher than that of the undergraduate level.

Some of the indicative tuition fees for various study programs in the US are as follows:

3) Accommodation Costs

Most of the American universities offer on-campus residence to international students, which is an affordable choice. However, students need to apply for it within the scheduled time to secure a slot.

The average accommodation costs for on-campus residence are:

• USD 9,800 for one academic year at public four-year colleges
• USD 11,100 for one academic year at private four-year colleges

In case if you couldn’t get an on-campus residence, you have to choose off-campus residence. Sharing the apartment with other friends can make your accommodation costs even cheaper than the on-campus residence.

The rent for a one-bedroom apartment may cost you between USD 600 to USD 3,000 per month, depending on the location.

4) Utility Costs and Food Costs

In general, utility costs such as electricity or water bills need to be covered as separate expenses apart from the monthly rent.

Here are some utilities and their average costs in the US:

5) Transportation Costs

Public transportation facilities are available across all major cities and towns in the US. For traveling short distances, you can choose from regional buses, trains, and subways. It can cost you around USD 45 to USD 100 per month.

Find out if your university or college is providing shuttle services between your place of stay and campus. You can also avail public transportation pass or metro fair card.

If you can afford a car, the fuel will cost you around USD 3.50 per gallon, and there will be extra expenses for the insurance costs.

6) Health Insurance Costs

International students must get health insurance before the start of their program in the US. Many universities provide comprehensive medical insurance plans for international students, which ends upon completing the program.

If your college is not providing any insurance plan, you need to apply for private medical insurance. On average, health insurance may cost around USD 700 to USD 1,100 per annum.

In Conclusion:
In recent years, it has become easier for individual Nepali students to calculate the costs of studying in the US. Now, all the American universities are legally required to include a ‘fees and financial aid calculator’ on their websites, to help students get a rough idea of how much their study would cost.

Students can reach the College Affordability and Transparency Center (CATC) website to calculate college tuition and fees, net price, and other characteristics.

Stay tuned to Nepali News Portal From the USA!

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The post How Much Does it Cost for Nepali Student to Study in the US? appeared first on Nepali Sansar.

The Open Doors Report confirmed this in its release marking the International Education Week celebrations that began on November 18, 2019.

As per the data released by the Institute of International Education (IIE) and US Department of State Bureau of Education and Cultural Affairs, Nepal ranks 12^th for both undergraduate and graduate Nepali students in the US, totaled 13,229.

Also, the number of UG students and those looking for optional practical training has increased significantly to a total of 1.09 million students in the 2018/19 academic year.

This is reportedly an all-high number!

“Promoting international student mobility remains a top priority for the Bureau of Educational and Cultural Affairs and we want even more students in the future to see the United States as the best destination to earn their degrees,” US Embassy in Kathmandu said in a statement.

“International exchange makes our colleges and universities more dynamic for all students and education at a US institution can have a transformative effect for international students, just like study abroad experiences can for US students,” it added.

IEW, a joint initiative of US Department of State and the US Department of Education, is aimed at encouraging future leaders to pursue careers in the US.

ALSO READ: How Much Does it Cost for Nepali Students to Study in the US?

Marking the Week, the US Embassy in Nepal is partnering with the United States Educational Foundation Nepal, Kathmandu University, and the American Center to host various events.

The series of planned activities include a special ‘Get Inspired’ program, a Higher Education Administrator Workshop, presentation of Nepali alumni of US varsities, a student visa presentation, a webinar and an online college fair.

The Week will conclude with an education mela promoting US higher education and opportunities for Nepali students.

Stay tuned to NepaliSansar.com for more USA Nepali news!

The post US Most-Preferred Choice for Nepali Students: Report appeared first on Nepali Sansar.

Following the trend in the recent past, Nepal is becoming one of the biggest sources for foreign education and India has been one of the major education destinations for Nepali students aspiring to pursue a higher education abroad.

Other Education Hotspots for Nepal

Besides India, Australia and the United States are emerging as major hubs for Nepali students aiming to pursue education in foreign countries.

Recent statistics indicate an increase of 46% in the number of Nepali students who applied for courses in Australia during July-December 2017. Among the 190,000 members who applied for courses abroad, Nepal registered an enrollment of 12,000 students in Australia alone.

Statistics as of November 2017

According to the 2017 Open Doors Report by the Institute of International Education (IIE) and the US Department of State Bureau of Educational and Cultural Affairs (USDSBECA), educational institutes for higher education in the US have seen a note-worthy increase in the number of Nepali students.

Among the 1.08 million international students in the US, 11,607 students belonged to Nepal alone amounting to a 20% percent contribution.

Deciding Factor and Resultant Figures

Prakash Pandey, President of Educational Consultancies Association of Nepal says, “Nepal basically lacks proper education policies. As a result, Nepali students have been investing a huge sum of money in higher education abroad.”

The first nine months of the FY 2017-18 experienced an all-time high in terms of expenditures made by Nepali students in other countries. Around Rs 27.99 billion was spent in the given year as compared with Rs 25.3 billion spent in the same period of the previous year, resulting in a 11.9% increase.

On an ending note:

Creation of governmental policies in line with the requirements of the education front while considering the national educational institutions and students would curb the growing trend of Nepali students looking abroad for employment and career opportunities.

The post Number of Nepali Students to Indian Varsities on Rise Again appeared first on Nepali Sansar.