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Financial Calculations

The total cost you incur in foreign education is one of the most important factor that goes into your decision to study abroad. Hence it requires a careful examination of various expenses involved in studying abroad. Usually one only looks at the superficial cost - i.e. the tuition cost when doing cost analysis for studying abroad. However, a thorough analysis will reveal that other substantial costs goes into foreign studies other than the core tuition fees.

These includes application fees, fees for entrance exam, fees paid to counsellors, books, health insurance, travelling, visa formalities, lodging, etc. It is necessary to estimating these overhead cost with reasonable accuracy to get a clear picture of finance you will need.

Here's a indicative list of the expenses you will incur for foreign studies. You can use this list for doing your ground work to arrive at the expenditure. Take professional help for the purpose. You can get the best help from your friends/relatives who have already gone abroad for foreign studies and done it all.

Expenses to consider while preparing the estimate for foreign study:
 

Expenses Estimated Cost/year Estimated Cost
(In Rupees) (In Dollars or Pound)
Application Fees Rs. $/£
Test Fees Rs. $/£
Tuition and Fees Rs. $/£
Study Material Rs. $/£
Tickets (Travelling) Rs. $/£
Counselling Cost Rs. $/£
Passport - Visa Formality Cost Rs. $/£
Boarding Cost Rs. $/£
Clothing - Accessories Rs. $/£
After & Personal Expenses Rs. $/£
Health Insurance Rs. $/£
Vacation Travel Expenses Rs. $/£
Miscellaneous Rs. $/£
(A) Total Cost For 1 Year Rs. $/£
(B) Total Cost for entire course
     = (A) X No. of years for the course.
Rs. $/£

Note: Also take into account the inflation for estimating the expenses of subsequent years.

If you have more queries, write to us - contact_us@bmscampus.com or click here. We shall try to get your query responded by our experts.

Do not get intimidated by the cost. If your spirits are high and plan properly, amply resources are available to finance your "Study Abroad" dreams. Also remember that pay which one gets after study abroad can actually re-pay all your investments made for study abroad in one or two years.

Educational Loans & Scholarships are available like never before. So find the right choice for you and get going.

Important Note: Dear friends, "Study Abroad" section has been created as an information guide to answer basic doubts/curiosity related to study abroad. Do not take any decision on the basis of information provided here. Please take expert advice from experienced counselors before taking any decision or action....read complete disclaimer.
 
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