Cost Of Studying In New Zealand for Indian Students

Admission Fee
The tuition fees vary according to different university courses and the city. The tuition fee might be up to 10 lakh per annum for undergraduate students, and for the pg course, the cost may be 11.42 lakhs—the exam fee of about 14,000 for IELTS, INR 13,625 for TOEFL, and INR 13,300 for PTE.

Living Expenses
With the application of a New Zealand F1 student visa, this should be evidence that students must have sufficient funds to support themselves throughout their stay in New Zealand. If the program of study is longer than 36 weeks, the candidates must have the $ 15,000 for each year of study. It would translate to approximately $ 300-350 per week for general expenses for a single student.

Health Insurance
Students must hold appropriate and recent travel insurance due to their visa regardless of their stay in New Zealand. The New Zealand government has launched the insurance “code of practice for the pastoral care of international students.” International students require health and travel insurance during their period of study. Mainly the university is responsible for the enrollment of the international students for the proper health and suitable insurance policy for the duration of the student’s visa. Most of the time, the university provides health insurance to students, and the cost is included in the first-semester fee. Student safety is the most popular and insurance provided in new Zealand.

Scholarship
Mostly the need-based fee waiver along with merit-based are awarded to Indian students. Students with a solid academic background, good performance on standardized exams, and extracurricular achievements would be eligible for scholarship in New Zealand awards and financial assistance. For getting the scholarship, the candidates must have the proper documentation, which includes the

1. Academic Record and Photocopies
2. Recent CV
3. Letter of intent, which acts as a cover page.
4. Certificate of language proficiency
5. Letter of recommendation

The general eligibility criteria for the loan are as follows:

• The candidates must be from a particular nation.
• The candidates must have a solid academic record.
• If students are seeking admission to professional, technical, or another course of studies. Most banks maintain that the concept that whether the selected course is job oriented or with the high package or not
• Eligibility of Course – the students applying for a loan on every course must qualify for the education loan for the graduation – job-oriented professional or technical courses offered by the reputed university. For postgraduate – mainly MCA, MBA or even diploma.
• The Loan Amount Provided by the Bank – usually the total fee of 10 lakh, the bank may offer to give about the loan of 80% of the amount and rest students have to put up to 20%. The maximum amount bank offer for study abroad is generally around 20 lakh, and if the tuition fee is more than 20 lakh, the rest candidates have to pay or manage
• Documents Required – students must have the acceptance letter sent by the university reflecting that the candidates have been selected for a particular course and the schedule of the fee.
• Repayment of the Loan – repayment of the loan starts only after the course period gets completed. If students get employed within one year after completing the course, the reimbursement should begin immediately after the expiry of one month from the date of employment. The loan is generally to be repaired in 5-7 years after commencement of the repayment period. If the student cannot complete the course within the scheduled time, extension time for completion of course. Generally, students have a maximum time of 10 years to repay the loan.

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