New Zealand has become one of the most sought after study destinations for internationalstudents.Andwhynot?!Withitsbreathtakinglandscapeandculture,highly trained faculties, a plethoraof employment opportunities, and relatively low expenses thenAustralia,Canada,andtheUSA,itisundoubtedlyagreatchoicetomake!
You might have heard about QS University Rankings. If not, let me give a brief. So, QS UniversityRankingspublishesalistofthetopuniversitiesintheworldeveryyear.These universities are ranked on various parameters with different weightage Academic reputation(40%),EmployerReputation(10%),Faculty/StudentRatio(20%),Citations perfaculty(20%),andInternationalfacultyratio(10%)todeeplyinvestigatetherateof educationthatdiffersinstitutionsimpart.
Youwillbesurprisedtoknowthatthereareonly8universitiesinNewZealandandallof themareincludedinthe2022QAaswellasTimesHigherEducationLeagueTables!
Soundsgreat,right?
So,ifyouarewonderingwhetherornottostudyinNewZealand.It'sundoubtedlya"Yes".
Still,therewouldbemanyquestionshittingyourmindrightnow.Like:
Whataretheeducationalexpenses?
Whataretheotherexpensesthatone hastotakecareofwhilestudyinginNew Zealand?
HowcanyoumakeyourfinancialjourneyeasywhilestudyinginNewZealand?
Inthisblog,wewilladdressallthesequestionsandmanymore.Sostaytunedtilltheend!
The most important part while estimating the cost of studying in NZ is institutional tuition fees which vary from one institution to another. Let's check some general cost estimatesforundergraduateandpostgraduatecourses.
Let'sfirstdigdeepintotheaspectsof institutions/courses/degreesandcheckouthow willtheycontributetoyoureducationalexpenses.
Theyearly tuition fees for international studentsstudying in theuniversitiesof NZ rangebetweenNZ$22,000 32,000.
Ifyouarelookingfordoingmajorsinfieldslikeengineering,dentistry,Medicine,etc. thenthefeerangewouldapproximatelyvarybetweenNZ$25,000to75,000peryear.
Ifyouareapost graduateinternationalstudentwillingtostudyinNewZealand,then you will have to bear a tuition fee cost that ranges between NZ$ 26,000 37,000. However, if you aredoing aPhDthen you willsharethesameamount asthat fora domesticPhDstudentwhichwouldbearoundNZ$6,500 9,000approx.
Ifyouarelookingtoreceivetop classeducationataffordablecosts,thengoforpublic universities. The national government supports public universities which makes them a competitive choice for domestic as well as international students. The fee structurewillvarywiththeuniversityandalsoasperthechoiceofcourseorprogram.
For instance, the fees for studying arts or social sciences could be NZ$ 20,000, whereas for science and engineering it could be NZ$ 25,000. If you are looking for mastering dentistry it would cost approximately NZD 75,000. On the other hand,
privateuniversitiesmaycostdoubletheamountfortherespectivecoursesmentioned above.
Ifyouwouldliketoseethefulllistoftuitionfeesanddoacostcomparisoncheckoutthe TePōkaiTarasitewhichrepresentsalluniversitiesofNZ.
Whenitcomestoaccommodation,youwouldeitherbechoosingtostayon campuswhich istheresidentialfacilityofyouruniversity,oranoff campuslocationwhosecostwillvary basedonyourcity.
NZ offers various options if you are someone who would like to keep your study environmentandlivingenvironmentseparate.Youcanrentasharedflatwithyourgroup offriendsoraprivateflatifyouprefertolivealone.
If you choose theresidential apartment of your university, on average, it will cost you around NZ$ 270 per week. A self catered settlement, on average, will cost you around NZ$170perweek.
If residing off-campus is your choice, then take care to research your city well. As per Times Higher Education Stats "Auckland is the most expensive city in the country costing NZ$ 202 per week, followed by Wellington costing NZ$ 170 per week, ChristchurchatNZ$132perweekandDunedincostingNZD14$perweek."
Student visa charges are worth considering while estimating the cost of study in New Zealand. The average visacost depends on the mode of your application which can be eitheronlineoroffline.Ifyouareapplyingthroughonlinemode,theaveragecostwould beNZ$270.
Certain universitiesmay not provideany insurance coverage. Thismeansthat youwill needtokeepsomebucksasideforyourmedicalinsurance. Theaverageannualcostfor medicalinsurancewouldbebetween$200to$700.
NewZealandprovidesagreatoptionforinternationalstudentstoworkwhilestudying. Youcanwork20hoursperweekthroughouttheschoolyearandfull timeduringbreaks. Animportantthingtonoteisthattheincomethatyouearnwouldbetaxedifyoudecide toworkwhileyoustudy.Also,withoutanIRD(Inlandrevenuedepartment)number,you won'tgetemployment.
NZwantsyoutoprovethatyouhaveatleast NZ$1500tosupportyourselfforthefirst year.But,dependingonyourspending,eatingandlivinghabitsyoumayrequirealarger sum.
Let'staketheexampleofweeklyestimatesofdifferentcostsbytheUniversityofAuckland (AucklandbeingthemostexpensivecityinNZ:))
NZ$23(~US$15.50)forutilities
NZ$8(~US$5)forinternet
NZ$10(~US$6.75)foramobilephoneplan
NZ$8(~US$5)forinsurance
NZ$120(~US$80)forfood
NZ$35(~US$24)fortransport
NZ$55(~US$37)forentertainment
Apartfromthis,onaverage,youmayalsoneed:
NZ$500forstationeryitemsannually
NZ$45pervisitforyourdoctor
NZ$15towatchafilminCinema
NZ$10toenjoyarejuvenatingbeerinthebar!
Don'tworry!
Therearevariousoptionsthatyoucanuseto makeyourfinancialjourneyeasier.Let's havealookatthem.
Aboonforinternationalstudentsisvisabenefits.Postyoureducationyourvisawill extendforthreemoreyearsallowingyoutosearchforawell paidjob.Earnwelland paybackallyoureducationalinvestmentsinafewyears!
Additionally, after gettingaPR youcan avail ofaloan forhigher education at a0% interestrate.
Ifyouareafull timestudent,thenyoucanworkfor20hoursperweek.Thiscanhelp youearnaminimumamountofNZ$13perhour.
Worriedabouthowtograbapart timejob?RELAX!
There are plenty of options right from markets, libraries, and petrol stations to restaurants.
New Zealand's government provides a wide range of scholarships to international students.Theofficialgovernmentsitewillhelpyoutoknowmore.
Look for top ranked universities that hold a good rank having programs with an affordablecoststructure.LiketheUniversityofCanterbury NZ$12250/yearandthe UniversityofOtago NZ$16000/year.
As a student at a New Zealand university, you will get a lot of international exposure whichwillpolishyourresearchandpracticalskills.Withallitsuniversitiesinthetop3% oftheworld,there'snodoubtaboutthecredibilityandcapabilityoftheeducationsystem ofNZ.
Sodon'twaitanymorebecauseNewZealandiswaitingforyoualready!
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