Plan Your Budget

India is one of the most affordable countries to study in, making it an economically viable country for international students.

Our partner institutes offer competitive degrees across a spectrum of disciplines. Ensure that you connect with your preferred institutes to understand the tuition fee, boarding costs, canteen costs and other charges.

Most of our partner institutes offer on-campus or off-campus boarding to international students. However, some universities may not offer campus accommodation in their facilities. In such cases, institutes guide students to book private, secure and affordable accommodations.

With more than 50% of India’s population consuming the public transport network on a daily basis, students can comfortably travel around the city. There is a miscellany of Indian food to explore and experiment with, which is not only oh-so-delicious but also very affordable.

The Study in India program has designed a framework to award scholarships and tuition fee waivers for meritorious students applying to the program.Study in India has collaborated with the Indian government’s Ministry of Education, Ministry of External Affairs, and Ministry of Commerce and Industry, to draw out this scheme.

The program offers scholarships for meritorious students called the Study in India Scholarships on an annual basis, while some of its partner institutes also provide tuition fee waivers.

The Study in India Scholarship scheme awards meritorious students USD3500 annually, which may cover costs such as admission fees, tuition fees, accommodation (room and boarding), and food. A set of scholarships are offered based on a merit-list, which is evaluated and verified, during the document verification process. Scholarships are awarded to exemplary students with high scores, from select countries for the online-proctored, 90-minute Scholarship Examination held on an annual basis.

More than 30,000 tuition fee waivers are given to deserving students by our partner institutes in the ranges of 100%, 50%, and 25%. The number of fee waivers available, vary from institute to institute across the mentioned ranges. The costs covered under this scheme only waives off tuition fee for one academic year.

Know more about SII ScholarshipsScholarship Examination and Fee Waivers.

The cost of studying in India is extremely affordable as compared to various developing and developed countries. An international student should expect to pay around USD375 per month towards living expenses. While the annual tuition fees is an average USD5500, the annual living cost would be an ideal USD4600.

**Please note these are approximate values and subject to change, All fees depends on student life style.

Once the international students have a rough mapping of their expenses and average funds available with them (excluding fee waiver) they can get on with final preparations for coming to India.

In general, people live on a tight budget during their student life as they do not have an excessive amount to make unnecessary expenditures. Similarly, international students must know hands-on ways to manage their expenses wisely to avoid any kind of cash crunch and save for unplanned requirements. Here are some ways through which students can save money:

Here are some ways through which students can save money.

  • To buy the study materials or books of different semesters, the students can take them on a sharing basis with their roommates/classmates. This way the total money gets split in half and no one bears the full costing. The option of second-hand books is also available.
  • The students can also issue books from their respective college libraries or access the digital copy of study materials in order to avoid added expenditure.
  • While going out to eat at any restaurant, watch a movie or any other entertainment activities, the students can carry their ID cards as they may get discounts through it. Also, carrying a student ID while going out is recommended for security purposes.
  • The students can opt for affordable alternatives such as commuting using public transport, munch on street foods and shop in local markets.
  • Additionally, it is recommended that students open a bank account and take a sim card when they come to pursue higher education in India. Having an account here will smoothen all of their transactions.

The idea of creating a budget and sticking to it can be overwhelming. With some planning, organization, and diligence, studying abroad doesn’t have to be a financial burden though. Students should start planning ahead of time and make sure they are fully prepared before leaving. Finances should not be a barrier to having an awesome study abroad experience!

It is strongly recommended that you open a bank account during your stay in India. India has a reputed banking sector with secure payment gateways. We recommend students consult with their allotted institutes to open a bank account locally.

To open a bank account, students would essentially need the following:

  1. Final admission letter or a certificate of enrolment
  2. Declaration letter from the institute
  3. A photocopy of the passport

The document requirements may vary across banks and therefore, it is recommended that students take necessary guidance from their institutes.