Some of the basic costs are listed below. These are however subject to change (increase that is!!!). You must also take care of currency devaluation in changing from local currency to US Dollars. For most colleges you will need to show atleast a years expenses as stated by the college, which could range from $15,000 to $35,000, when you send your admission form.
Assistantships are the most common form of financial aid at the graduate level. Availability of financial assistantships from university departments vary directly with the field.
1) Fellowships & Scholarships
| 1) Cost Of Application | $20 to $75 | Application Fees are non - refundable |
2) Study Expenses
| $8,600 - $24,200 $8,000-$22,000 $100 - $1,200 $500 - $1,000 | For a more detailed calculation of tuition expenses find out the cost per credit hour. Computer Fees etc. Engineering books may cost a lot and so you must try getting them from seniors out there. |
3) Living Expenses Room & Board Hotel Accommodations
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| Room and Board charges include housing plus a few meals. Almost all colleges have a few dining meal plans depending on the number of meals you'd want in a week. You will have to provide for lamps, sheets, towels etc. Certain residence halls close for summer vacation. After you arrive a short stay in a hotel may be necessary. Costs will vary from place to place and are generally lower in rural areas. Furnished apartment comes with furniture, carpets etc. but no cooking equipment. Cost of buying or leasing furniture can be quite high ($500 to $1500 a year). Utilities may cost extra. If you have access to a kitchen (and know how to cook!!!) you may cook your own food. A months food bill would come to about $200 to $300. Cooking is not allowed on most On Campus residence halls. |
| 4) Clothing | About $600 (winter wear may cost $600 more) | Winters could be cold where temperatures could drop below zero. Winter wear might be needed which could cost another |
| 5) Medical Insurance | $200 - $600 | Insurance policies do not cover eye examination and dental costs. In many universities this is mandatory. |
| 6) Personal Expenses | $1,500 - $3,000 | expenses such as laundry, phone bills, postage and entertainment (don't we all need a little bit of that). |
7) Transportation
| $600 - $750 | Different airlines have different rates with AI being the cheapest. Do book atleast a month or so in advance cause flights fill up very early. Also ask for student concession if any. People living on campus have almost no travel expenses. For those off campus may have to pay for public transport or a bicycle. And though not advised one may also buy a car, but its purchase, maintenance and insurance may cost you thousands. |
Assistantships are the most common form of financial aid at the graduate level. Availability of financial assistantships from university departments vary directly with the field.
1) Fellowships & Scholarships
Departments award fellowship on the basis of academic merit, normally after the first year of study. These are awards of academic honor that provide stipends to be used by fellows in furtherance of their research expected to devote time to their own work, fellows are not required to render any service to the university or donor.2) Teaching Assistantship (TA)
Graduate students may be appointed to teach, supervise undergraduate laboratory classes or lead discussion groups. In return they may receive stipend and tuition exemption. Many colleges also require a high TSE (Test Of Spoken English) score and/or a good Verbal score on GRE. Teaching assistants work for about 20 hours a week. TAs are awarded the Graduate School or the Department.3) Research Assistantship (RA)
Graduate students may be appointed to do research for which they receive stipend and tuition exemption. An exceptional GRE score and Academics are required to get RA in the first semester itself. Professors who are the principal researchers for grants in your area are responsible for awarding RAs. Research assistants work for about 20 hours a week.FINANCIAL AWARDS There are number of Private Organizations that award financial scholarships or very low interest loans to students going for higher studies either abroad or in India itself. You must apply to these institutions somewhere around January end. They usually require you to send a self addressed envelope along with your Bio-data. But please check up with the individual trusts for their requirements. Mentioned below are few of the trusts that you can apply to.
1) J.N.Tata Endowment To The Director | 2) K.C.Mahindra Educational Trust To the MAnaging Trustee, |
3) Mariwala Trust To The Managing Tustee, | 4) R.D.Sethna Scholarship Fund To The Chief Executive, |
5) Lotus Trust Scholarships To Lotus Trust, | 6) Sir Ratan Tata Trust Sir Ratan Tata Trust, |
7) Seth Pirojshah Godrej Foundation Seth Pirojshah Godrej Foundation(Go here personally) | 8) Tata Chem Golden Jubilee Foundation Bombay House, |
9) Naina Parikh Education Trust Vithaldas Chambers, |
