Janice Lozano
International students often face higher tuition fees and a higher overall cost of living when attending university in a foreign country. In the US, international students paid an average of over $26,000 per year in tuition and fees at four-year public universities in 2019. Private schools charged even more, with fees averaging nearly $32,000 per year. International students may also have to pay special fees for visa processing and English language exams, as well as health insurance. To cover these costs, international students may receive financial support from their families, take out loans, or apply for scholarships and grants.
Characteristics and Values Table for International Student Fees
| Characteristics | Values |
|---|---|
| Average fees | $26,000 per year for public universities, $32,000 per year for private schools |
| Additional costs | Health insurance, visa processing fees, English language exam fees, etc. |
| Fee waiver possibilities | Sponsorship, scholarships, loans, assistantships, grants |
| Challenges | Forbidden from working off-campus jobs, high cost of living |
| Benefits | Financial aid, higher education standard, career opportunities |
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What You'll Learn
International student fees at NYU
International students at NYU are required to pay a fee of $90 for each semester or term they register for classes. This fee is applicable to anyone who is not a US citizen or permanent resident and is automatically charged each term during the fee payment process.
The cost of studying at NYU includes tuition and fees, room and board, travel and personal expenses, and health insurance. Tuition and fees reflect the estimated cost of full-time enrollment for most programs, and the actual Bursar's bill may differ. Room and board costs may vary for students living off-campus or at different schools within NYU, and students staying in the US over the summer are responsible for any associated expenses.
International students are also required to consider travel and personal expenses, which are estimates of day-to-day living costs in New York City. Additionally, F-1 and J-1 students are automatically enrolled in and billed for the NYU-sponsored student health insurance plan.
The overall cost of attending NYU as an international student can be a significant financial burden, with private schools charging nearly $32,000 per year on average, according to 2019 data. International students may explore various financial aid options, including scholarships, grants, and assistantships, to help fund their education. Some international students may also take out loans from their home countries or rely on personal or family finances.
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Scholarships and grants
United Kingdom
The UK government offers hundreds of scholarships, bursaries, and additional financial support to students from a large number of countries. The three main UK government scholarships are:
- GREAT Scholarships: Scholarships to UK universities across a variety of subjects, for students from 18 countries.
- Chevening Scholarships: Offers fully-funded master's degrees in the UK.
- Commonwealth Scholarships: Scholarships given to talented individuals with the potential to positively impact the globe.
Other scholarships and grants for studying in the UK include:
- Subject-specific scholarships: Often offered by individual departments for students studying a particular course or subject.
- Equal access or sanctuary scholarships: These can take the form of a tuition fee reduction or waiver or maintenance award and are offered to refugees and asylum seekers who have fled persecution from their home countries.
- Disability scholarships: These support international students with disabilities, long-term mental health conditions, learning difficulties, or other special needs.
United States
It is uncommon for U.S. institutions to offer aid to undergraduate international students, so scholarships are often competitive. The U.S. Department of Education offers tips and resources to protect students from dishonest organizations offering scholarships. Some scholarship options for international students in the U.S. include:
- Foreign Fulbright Student Program: Scholarships for graduate students from around the world to study in the USA.
- MPOWER Financing: Offers scholarships for international and DACA students, including the Global Citizen Scholarship Program.
- American Association of University Women: Offers fellowships for non-American women seeking a Master's or doctorate in the USA. Priority is given to women committed to advancing women and girls.
- Civil Society Leadership Awards: Offers full scholarships for Master's students from specific countries dedicated to fostering social change.
Other Options
There are also many other scholarships and grants available for international students, such as the Aga Khan Foundation International Scholarship, which provides scholarships to students from select developing countries with no other source of financial aid. Additionally, there are online databases such as International Student, International Scholarships, and Fastweb, which provide searchable listings of scholarships, grants, and loan programs for international students.
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Loans
International student loans are a realistic way to finance your education in the US. Loans are flexible and can offer amounts high enough to pay for your entire education, including tuition, room and board, books, travel, health insurance, and living expenses. However, most international students applying for loans must have a US cosigner. The cosigner is legally obligated to repay the loan if the borrower defaults and must be a permanent US resident with good credit. The cosigner is often a close friend or relative.
There are a few options for repayment plans, including full deferral, where students can defer payment until six months after graduation, and interest-only, where students pay only the interest while in school and defer the principal until after graduation. The repayment period generally ranges from 10-25 years, and interest rates are computed using a benchmark rate plus a margin, with the margin being contingent on the creditworthiness of the borrower or their cosigner.
There are a variety of lenders that offer international student loans, including Earnest, Ascent, Citizens Bank, and SoFi. Each lender has different requirements, rates, and repayment options, so it is important to compare multiple lenders before choosing a loan.
In addition to private loans, there are also government loan programs available for international students. The International Student Loan Program is available to international students from around the world who are attending one of the approved schools in the US. The school must certify the amount of the loan, and the funds are disbursed directly to the student.
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Health insurance
International student health insurance is designed to meet the needs of students studying outside their home country. These plans provide travel medical insurance and benefits tailored specifically for students, such as sports, mental health, and emergency medical evacuation. The cost of international student plans is generally more affordable than regular health insurance, with individuals under 25 able to access plans for under $100 per month, or as low as $24 per month. The price of plans for individuals over 40 rises dramatically, with the average plan costing around $300 per month.
When choosing an international student health insurance plan, it is important to consider your health status, finances, and tolerance for risk. Many students opt for lower-premium plans, assuming they will not require many health services. However, if you are able to afford higher premiums, a plan with a lower deductible and lower coinsurance may be preferable, as this will provide greater peace of mind. It is also important to check that your plan covers emergency care, routine care, and preventative care, as some plans do not cover wellness or preventative care.
Before purchasing a plan, it is essential to check your school's insurance requirements, as some institutions have their own insurance requests, and your plan may need to include a minimum amount of medical coverage. Your school may offer its own insurance plan, which may be covered by your tuition payments. If you are studying in the US, you will need to choose from individual private care providers. If you are studying in the UK and have a visa for less than six months, you will need to purchase private health insurance. For visas over six months, you can access the National Health Service (NHS) by paying the Immigration Health Surcharge (IHS) as part of your visa application. This costs £470 per year for students and gives you access to most NHS services for free.
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Visa processing fees
International students are required to pay visa processing fees, which vary depending on the country of study and the type of visa being applied for. For instance, in the United States, nonimmigrant visa application processing fees are tiered based on the visa category. The non-petition-based nonimmigrant visa (except E) category has a processing fee of $185. On the other hand, certain applicants, such as official representatives of foreign governments or applicants for diplomatic visas, are exempt from paying any visa fees.
In addition to visa fees, international students may need to budget for other costs associated with studying abroad, such as health insurance. For example, visitors with a J-1 visa must have health insurance that complies with State Department requirements, while students with an F-1 visa may be required by their educational institution to purchase a health insurance plan.
International students in the United States also face high tuition fees, with out-of-state students, including international students, paying over $26,000 per year on average at four-year public universities in 2019. Private schools charged even higher fees, with an average annual cost of nearly $32,000.
To help manage the financial burden, international students can explore various forms of financial aid, including grants, scholarships, and assistantships. Additionally, some countries, like Canada, offer refunds for specific fees, such as the Right of Permanent Residence Fee (RPRF), if the application is withdrawn or refused.
It is important to note that visa pricing may be categorized based on the purpose of your visit. For example, in Australia, visa pricing is categorized based on whether you are visiting for tourism, business, or work and whether you are applying for a short-term or long-term stay.
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Frequently asked questions
Yes. International students and out-of-state students pay more than students who attend college in their home state. In 2019, international students paid an average of $26,000 per year in tuition and fees at four-year public universities. Private schools charged an average of $32,000 per year.
US universities have come to depend on tuition fees from international students, which contribute $40 billion to the economy annually. International students subsidize US students, with 80% paying their own way.
International students may have to pay special fees for visa processing and English language exams. They also have to pay for health insurance, which can cost hundreds of dollars per month.
International students' families often save up for decades. They may also take out loans, receive scholarships or grants, or work part-time.
