What is the estimated overall cost for Indian students to pursue higher education in the USA? Additionally, how long does it usually take for Indian graduates to secure a job after completing their studies?
The total cost for an Indian student in the USA generally ranges between $35,000 to $70,000 per year. This includes:
- Tuition Fees: Varies by institution. Public universities range from $20,000 to $40,000 per year, while private universities can go up to $60,000 per year.
- Living Expenses: Typically range from $10,000 to $18,000 per year, depending on the city and lifestyle.
- Health Insurance: Around $1,500 to $2,500 per year.
- Miscellaneous Costs: Includes travel, books, and personal expenses, around $2,000 to $3,000 per year.
Time to Find a Job After Graduation:
It usually takes Indian students 3 to 6 months to find a job after graduation, especially for those in STEM fields, thanks to high demand. For non-STEM fields, it may take 6 months to a year. Utilizing OPT (Optional Practical Training), which allows students to work for up to 12 months (24 months for STEM), is key in this job search process. Networking and internships significantly improve job prospects.
To cover these costs, an education loan can be a crucial tool. With GyanDhan’s Loan Eligibility Checker, you can quickly assess the best loan options from top lenders and understand how much you can borrow to finance your education.
