Preparing financially to study in the US: How much do you need?

The United States is considered the top choice for studying abroad and regarded as the most expensive. And even though this is true, there is a significant variation of prices between university types. In order to make it easier to digest, let’s break down how much it costs to study in the US into the categories that most affect the cost: different types of Universities and location. These two are factors in tuition, and accommodation and living expenses.

There are, as we mentioned, different types of universities in the US. There’s Public 2-year Colleges, Public 4-year Colleges, and Private 4-year Colleges. The first ones, also called Community Colleges, are the least expensive option, with tuition ranging from $4,000 to $10,000 per year. Public 4-year Colleges are a great value for your money, with tuition costs ranging from $35,000 to $45,000. And then for the Private 4-year Colleges you can expect to pay from $39,000 on. The decision of which type of school is right for you is a very personal one, but if cost is a major, then this was hopefully a helpful overview. The type of university affects tuition costs especially, but accommodations at Private 4-year Colleges tend to be more expensive than at Public Colleges as well.

Location is a major factor because the living cost between different cities in the US varies a great deal depending on geography and state regulations. As a general rule, expect to pay more on either coast: East and West, and a little less in the Mid-West and South-West. Location affects accommodations and living expenses the most, with bigger cities like New York, San Francisco, and Washington D.C being the most expensive ones; so, accommodation and living costs can vary from $10,000 up to $25,000 per year.