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Money is perhaps the most worrying thing to any student desiring to study abroad. Both education and living costs are expenses that the family must budget ahead of time. By very conservative estimates, at least $13,000 is required annually for room, board and tuition.

A student is required to prove to the University, to the Consulate Officer and to the Immigration and Naturalization Service authorities, that he has sufficient funds to cover his living expenses, insurance expenses as well as university tuition and fees.

The statement of finance has to be submitted twice, once to obtain admission hence to be sent to college and once to the US consulate when applying for your F1/Student visa..

The Cost of Education varies from college to college. To get a clear picture of the total cost involved, it is necessary to do a detailed and careful analysis of the selected school by going through its website or brochures.  It is not only important to know the total cost of education (including tuition and living) but it is also important to explore various avenues of funding available.

The total Cost of Education for studying abroad can be broadly classified into two heads: Costs before admission and Costs after admission.


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