This article will help you with the total cost of higher
education in US. You can find the total cost for education based on the degree
of graduation from US Universities – MS, MBA or MEng.
Total Expenditure for
an MS degree in US Universities
The total cost of an MS degree from US Universities varies
from University to University. You can find Universities in US with very high
tuition fees and also very low tuition fees. To give you an approximate idea of
the total expense for an MS degree in US, you can follow the following two extreme
Universities – Stanford University and Michigan Technological University. All
other US Universities total expenditure lies in between these two extreme
costs.
Total 2 year cost of MS from Stanford University in
rupees
|
Expenses
|
USD ($)
|
INR
|
|
Tuition fees (2 years)
|
85320
|
47,43,792
|
|
Living expenses (2 years)
|
24000
|
13,34,400
|
|
Other expenses(2 years)
|
10000
|
5,56,000
|
|
Total
|
119320
|
66,34,192
|
Stanford University is located in the heart of Silicon
Valley – California. The tuition fees as well as the living expenses at
Stanford are very high. As shown in the above table, the total cost for
completion of an MS degree from Stanford University without any financial aid,
scholarship or assistantship is about Rs. 66 lakhs for the entire 2 year
duration.
Total 2 year cost of MS from Michigan
Technological University in rupees
|
Expenses
|
USD ($)
|
INR
|
|
Tuition fees (2 years)
|
25272
|
14,05,123
|
|
Living expenses (2 years)
|
12000
|
6,67,200
|
|
Other expenses(2 years)
|
5000
|
2,78,000
|
|
Total
|
42272
|
23,50,323
|
Michigan Technological University is located at the
northernmost area of USA in Michigan State. The tuition fees as well as the
living expenses at MTU are very low. As shown in the above table, the total
cost for completion of an MS degree from Michigan Technological University without
any financial aid, scholarship or assistantship is about Rs. 24 lakhs for the
entire 2 year duration.
On an average, total cost for the
entire 2 year course of MS from a decent US University is roughly 30-40 lakhs.
For list of top 10 US Universities sorted according to lowest tuition fees,
read this article: List
of top 10 most economical US Universities. For list of top 10 US
Universities sorted according to highest tuition fees, read this article: List
of top 10 most expensive US Universities
Total Expenditure for
an M.Eng degree in US Universities
All the US Universities have started offering an alternative
professional Engineering program called M.Eng to the traditional MS. The
following is the total expenditure for an M.Eng at Cornell University.
Total 1 year cost of M.Eng
from Cornell University in rupees
|
Expenses
|
USD ($)
|
INR
|
|
Tuition fees (1 year)
|
40000
|
22,24,000
|
|
Living expenses (1 year)
|
12000
|
6,67,200
|
|
Other expenses(1 year)
|
5000
|
2,78,000
|
|
Total
|
57000
|
31,69,200
|
The one year duration of M.Eng is an ideal option for job
aspirants in US as you complete your degree in just 1 year. But the tuition
fees are at par with the tuition fees of a full time MS degree program.
Total Expenditure for
an MBA degree in US Universities
MBA is one of the most sought after degrees in the world and
an MBA degree from US Universities will shine out in your resume. The cost of
an MBA degree is very high. The tuition fees for MBA from a US University are
high. Typically a decent University charges about $40000 for MBA in US for one
year.
Total 2 year cost of full time
MBA from Harvard Business School in rupees
|
Expenses
|
USD ($)
|
INR
|
|
Tuition fees (2 years)
|
102400
|
56,93,440
|
|
Living expenses (2 years)
|
20000
|
11,12,000
|
|
Other expenses(2 years)
|
10000
|
5,56,000
|
|
Total
|
132400
|
73,61,440
|
As seen from the above table, a full time MBA degree from
Harvard University can cost you up to 75 lakhs of rupees. For list of top 100 B-schools in US sorted
according to highest tuition fees, read this article: Top
100 B-schools in US as per tuition fees
