How much does it cost to Study in New Zealand?

New Zealand is a perfect study overseas destination for those looking forward to exploring an adventurous life. Apart from offering stunning natural landscapes, the country offers excellent and high-quality education.
Every year over 1 lakh international students choose to study in New Zealand. The cost of studying in this country is quite less comparative to other study overseas destinations like USA and America. 


To finance an international degree, majority of students apply for an overseas education loan for studying in New Zealand. In this blog we are going to take a closer look at the overall cost of studying in the country.  


Tuition Fee: The prime expenditure in an overseas education is the tuition fee. It depends on various factors like overall ranking of the university, its tuition fees, chosen program. The average tuition fees for study programs are as follows:
• Bachelor’s Degree: $20,500 - $25,000 annually
• Master’s Degree: $19,000 - $29,000 annually
• MBA: $31,000 - $50, 000 annually
For exact details on the tuition fee, students are advised to check the university website.

Accommodation: The Universities in the New Zealand offer both on-campus and off-campus accommodation and students can opt for the same as per their choice and convenience.
Universities in the New Zealand offer on-campus residence facilities called as the Halls of Residence. Living on-campus is quite affordable however off-campus accommodation can be costly.
The cost of accommodation costs around NZD 215-NZD 555 per week depending upon the city and the type of accommodation. The rentals will vary from city to city. To cover all the major expenses, a huge number of students choose to apply for loan for higher education abroad.

Student Visa: In order to study in the New Zealand, students are first required to secure a valid student visa that comes with its own costs. The average cost of NZ Visa goes around NZ$ 270.
For free visa assistance, do get in touch with us as we aid with the same.

Cost of Living: If students want to study in New Zealand for more than a year then they are required to show at least $15,000 to cover the cost of living in the country. An average living cost, including expenses like groceries, transport, health, etc comes between NZ$ 13,000 and NZ$ 16,000 per academic year.

Health Insurance: It is mandatory for all the international students moving to New Zealand to get a medical insurance before the commencement of their degree program.
The cost of medical insurance ranges between NZ$ 200 – NZ$ 700 for a year. Majority of the colleges have comprehensive health insurance plans for the international students. So, it is important to enquire about the same at the university and get it done.

Taxes: The government of New Zealand allows international students to work in the country for up to 20 hours per week during the academic session. So, if students choose to work along with their studies and support their living in New Zealand, they will be applicable to pay the taxes.

So, this was a brief idea about the overall cost of education in New Zealand. If you wish to get free assistance, get in touch with us at www.elanloans.com and apply study loan for abroad studies. Our team of experts will be guiding you right from choosing the best bank to getting it approved.

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