Plan Your Budget

India is known as one of the countries with the most affordable education. This makes it more economically viable and accessible even for students overseas. The institutes in collaboration with this scholarship program offer various competitive degrees in a plethora of disciplines. International students must connect with the institute of their choice to understand the dynamics of studying there. It includes the tuition fee, boarding costs, other educational expenses.

Many educational institutes offer on-campus and off-campus boarding. It is quite possible that some of some universities may not provide you the accommodation facilities.  There are various guides available in these organizations to help you plan your stay.

A public transport network can be used on a daily basis to travel around the city. There are plenty of affordable restaurants as well to explore Indian cuisine.

Fee Concessions

There are numerous scholarships and tuition fee waivers available to award meritorious students in India.  Many institutes offer scholarships while some offer tuition fee waivers annually.

• Qualified students may get a scholarship depending on their previous academic records.
• Scholarships will be based on the merit list. The evaluation process will be completed along with the document verification process.

There are various fee waiver schemes available. More than 30,000 tuition fee waivers are distributed to deserving candidates. They range between – 100%, 50%, and 25%. The cost will only be covered for one academic session only.

Cost of Living

Indian education offers quality programs and esteemed institutes at a very affordable cost, if we compare it to other developing and developed nations. As a foreign exchange student, you will have to pay around USD375 per month to sustain yourself. Your average tuition fees will be up to USD5500 and the cost of living per annum will be around USD4600.

Opening a Bank Account

Students are urged to open a bank account in India to manage their finances. Indian Banking Sector is a blossoming one with secure payments gateways. To open a bank account, a foreign exchange student will have to do as follows:

• Present your final admission letter or your enrolment certificate.
• Letter of Declaration from the institute
• A photocopy of your passport

The document that will be needed in this process will range from bank to bank and therefore students must consult this with their institutes first.