Detailed Breakdown of New Zealand Study Visa Expenses

The New Zealanders have also gone the way of the world is going welcoming international students via their "study-Work-Settle" motto and following the path of "diverse population leading to more sustainable growth in the economy".

And the Indians one of the major Diaspora migrant group in the world has actively followed this policy by surging a 28% increase in the number of Indians pursuing schooling in New Zealand.

That growing number cannot be down to only their changed policies but there's ever so good student community, surging economy and being a tourist destination are also comes to deciding factors.

Every year almost 16000 Indian students go to the New Zealand Universities.

NEW Zealand college education system comprises of eight universities and various scholarly institutes and they all ranked among the top 100 universities of the world. That tells how New Zealand has been one of the biggest attractors of study visa.

Now you know that New Zealand prestige and eminence when comes to world-class universities and its obvious empire of educational institute. So the next step comes the pricing of overseas education as everybody knows, going abroad for the study is not a frugal option but compared to other countries like USA or UK or Australia, New Zealand is a far cheaper substitute for foreign studies. Yappy.

Also, the cherry on top is that the unemployment rate in New Zealand in prey sanity so getting employment is not a problem like in other countries.

Let's discuss the financial viability of studying in New Zealand as living and shelling out money especially far from home is never been a good situation to be in. Many of us stop on the thought of the cost of foreign studies when it comes to pursuing abroad studies. You know the tuition fees of the colleges there, money requisite for everyday living, and financial assistance from the institutes all these matters when you are choosing the uphill task of pursuing foreign studies.

Before moving on the breakage of the expenses involved, first let's discuss bachelor degree composition of the New Zealand universities ---- The graduate degree time here is same as India i.e. 3 years but it has further divided into three corresponding levels which are Level 5 Diploma, Level 6 Advance diploma, and Level 7 Bachelor's degree. If you fail at any level you have to again start from that level, for instance, if you fail at the final level of the graduate degree, you will be considered an advanced degree holder and for a graduate degree you have to clear all three levels. So pursuing a degree from New Zealand has its own benefits say you don't wish to complete your full-fledged degree, you can still go for the diploma or an advanced diploma and subsequently getting employment according to it.

Now the main topic--- Major Expenses of going for New Zealand international studies

Tuition Fees

Like other countries, tuition fees here too vary with the type, of course, you have chosen. At the graduate level, the programme's cost is between 18000 NZ dollars to 25000 NZ dollars a year on an average and in terms of INR that amount simplify to 9 lacs to 12 lacs a year.

Master's programme here cost around on average 26000 NZ dollars to 37000 NZ dollars a year.

As previously mentioned tuition fees vary accordingly to course chosen so if you go for an arts stream then your tuition likely to cost ND dollars 20000 and if you choose science & engineering stream then you tuition cost is NZ dollar 25000. Plus if you go for an MBA degree then expects the tuition fees to be around 40000 NZ dollars.

For example, the richest city of New Zealand Auckland's university fees for graduate programmes covering social science and arts streams ranges from ND dollar 30000 to NZ dollars 35000 yearly while the same fees for engineering & law course could soar up to ND dollars 43000.

Accommodation

Tuition fees are all sorted then next step is renting or housing facilities. Auckland is the most expensive city in New Zealand and it could cost you NZ dollar 202 per week if you are going for a private renting facility then going down the ladder Wellington comes costing NZ dollars 132 per week and then Dunedin with a cost purchase of 147 NZ dollar per week comes in the third position.

The universities around facilitate students on campus room facilities and that could cost you NZ dollars 260 per week.

For instance, if you are pursuing studies from the Auckland University of Technology then it's off-campus renting facilities cost is NZ dollar 262 per week for small rooms, NZ dollar 295 per week for standard rooms and 317 NZ dollar per week for large rooms.

You can also go for private renting costing around 180 NZ dollars per week around the country.

Everyday Expenses

An average meal cost in New Zealand is around NZ dollar 18 and transportation cost is NZ dollar 7 for a two-way ticket.

That's just the basic living cost terms but if you are residing in a campus facility then you will need 20 NZ dollars per month for your mobile expenses and the rest of you amenities bills such as WI-FI and miscellaneous bills.

But when you are living outside the campus on a private flat, then you have to consider all other amenities that is covered already in the rent portion of the campus housing faculty such as electricity, water, gas, and few others, then you have the usual bills such as telephone, WI-FI which you solo or on a roommate basis have to share it. That will cost you around about NZ dollars 100/month and plus extra 85 NZ dollar for your internet bills per month.

New Zealand Auto renewal Visa Policy

One of the biggest advantages of pursuing foreign studies from New Zealand, you will get an automatic renewal of 3 years visa post your study completion. This visa benefit allows students to look for a job in that 3 year period after their degree completion and can easily compensate the money involved in their higher studies in that time period.

Also on becoming a permanent resident of New Zealand, the interest loan on student's loan can be availed at 0% interest.

Funding options

New Zealand immigration policy allows students (full-time) to work on part-time jobs such as petrol pumps, restaurants, markets, stores and only 20 hours per week. These working hours are subjected to the visa rules of the applicant. Also, the wage rate for adults is NZ dollars 13/hour (Minimum wage rate).

Conclusion:

The foreign study in New Zealand is a far brighter and cheap perspective than other countries plus its landscape and vacation tourist place adds an edge to its supremacy. And now it's immigrant progressive policies is a real boon for abroad study aspirants.

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Article Source: http://EzineArticles.com/expert/Saurabh_Bansal/2647453

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