New Zealand is a charming nation to visit; however, alongside its academic excellence and beautiful views, there is much more to it, making it a superb spot to make the most of every opportunity.
New Zealand is a tiny island country in the southwestern pacific sea involves two primary landmasses: northland and southland and over 700 more modest islands.
It has the most brilliant open-air way of life with numerous regular scenes, seashores, snow-covered mountains, volcanoes, woods, and countless other traveler destinations for the students to visit and have fun
New Zealand offers students worldwide recognized universities offering first-class education at very affordable tuition fees. New Zealand is a crime-free country that ensures the protection of its people.
Recently, new Zealand has noticed a consistent increase in international students moving to New Zealand for studying purposes for various reasons. More than 106,000 international students are at present attending universities in New Zealand.
If you’re too hoping to go study in New Zealand, check out the whole article to discover what living expenses and educational expenses you’ll have to cover during your stay in New Zealand.
Cost of studying in New Zealand
Students wanting to study abroad often face issues with their money budget as you all know that learning abroad asks for loads of money. But you know beforehand that your total expenses during your stay in New Zealand can help you make a reasonable spending plan.
An effective spending plan can assist you with dealing with your everyday costs all the more adequately. Before you move out of your home country, guarantee that you consider costs like convenience, food, health inclusion, and travel alongside your educational expense while ascertaining the assessed price of studying in New Zealand.
Your educational expense varies according to the kind of program and college or university you enroll in. There are many high-positioning colleges and schools in New Zealand with varying expense structures.
To cover your educational expenses in new Zealand, the average total amount you will require between NZ$ 22,000 – NZ$40,000 per year.
Programs like humanities, expressions, and schooling courses are less expensive, while other professional degree programs, such as medication and engineering, will probably be more costly.
Undergraduate educational expenses
In New Zealand, international students pursuing undergraduate courses can expect to pay around NZ$22,000-32,000 per year, with higher charges for professional degree programs.
However, there will be no tuition fees for domestic students from Australia and New Zealand, and the public authority will finance their fees charges.
Recently, the government of New Zealand presented a “free fees initiative,” permitting first-year domestic students to study free of charge for one year beginning from 2019. The government will subsidize your educational expenses up to NZ$12,000 for one year
Postgraduate educational expenses
In case you’re an international student, your yearly expenses will run between NZ$26,000-37,000 (~US$17,660-25,100), while domestic students will pay around NZ$5,000-10,000 every year.
Also, for MBA or Ph.D. programs, both international and domestic students pay the exact tuition charges, which is around NZ$6,500-$9,000 every year for most fields.
The accommodation costs are the costs one clearly can not disregard whether one decides to remain in an on-campus residence or a rental apartment. He will consistently need to bear a portion of the expense of his visit to New Zealand.
Notwithstanding, the on-campus residency given by the colleges is relatively more affordable than claiming yourself a rental apartment. Living in a rental apartment accompanies numerous other extra costs like power charges, water utilization bills, internet and inhabitant’s protection, and so on.
Most colleges in New Zealand offer on-campus Residency for their students to live in, which is a truly reasonable choice at around NZ$270 each week.
On the other hand, renting a private three-room apartment in the downtown area will cost you about NZ$3,276 each month in Auckland and NZ$1,520 in Dunedin.
In some cases, students incline toward sharing their apartments with other students to decrease the weight of the lease and all costs.
Everyday costs incorporate each one of those costs which are brought about while satisfying your requirements and necessities like food, books, gas, water, web, travel costs, and so on
These are a portion of the costs which one can’t overlook, so keeping a tight check on all the costs and spend as indicated by your financial plan should be preferred.
The following are a portion of the costs you ought to consider while making your spending plan:
- Books and stationary- NZ$ 20 per week
- Traveling- NZ$ 35 per week
- Food- NZ$120 per week
- Clothes and footwear NZ$ 20 per week
- Miscellaneous costs NZ$ 50 per week.
- Entertainment NZ$ 55 per week
- Mobile plan NZ$15 per week
The average complete expenses of the everyday costs that will incur during your stay in New Zealand range between NZ$ 300 – NZ$ 400 per week.
Cost of student visa
Studying abroad requests a student license for each international student. So to check in New Zealand, you will initially need to get a student visa, and for that, you should pay application visa charges which can costs you NZ$ 270.
It is compulsory for all students going to New Zealand for studying purposes to get health insurance before the beginning of their program. Many universities and colleges in New Zealand offer medical coverage plans for international students.
However, certain colleges may not offer any insurance plans, and thus you should arrange private health insurance plans on your own.
In New Zealand, medical coverage is very reasonable for international students as it will cost between NZ$200-700 per year and a visit to the doctor specialist will cost around NZ$45.
Funding options for students in New Zealand
Numerous universities and colleges provide financial aid to students from a financially weak background needing to study in New Zealand.
The government of New Zealand also offers various grants and awards to international students wanting to study in New Zealand
Many merit-based, need-based fully funded financed grants are accessible for both domestic as well as international students.
Every one of the grants or awards has their different qualification models and the necessity to satisfy. Students can check the subsidizing alternatives and the necessities for it on the college’s official sites
As far as subsidizing, you could search for part-time jobs to help yourself during your studies in New Zealand. you are allowed to work as long as 20 hours out of each week.
A student can also apply for the StudentCard which costs around NZ$20 (~US$13.50) and will help you with getting many discounts on various items and charges.