Home › Study Abroad Tools › Cost Calculator

Study Abroad Cost Calculator 2026

Estimate your total cost of studying abroad in ₹ Lakhs — tuition, living, visa, travel, insurance, and part-time earnings offset. Exchange rates: USD=₹95, EUR=₹110, AUD=₹55, CAD=₹62, GBP=₹107 (April 2026).

🎓 Tuition & Course

🏠 Monthly Living Expenses

✈️ One-Time Costs

Bedding, utensils, SIM, deposit

💼 Part-Time Earnings (Optional)

⚠️ Part-time work is subject to student visa conditions. Most visas allow 20 hrs/week during term. Verify with your country’s immigration rules before planning.

Cost Reference — All Countries (April 2026)

CountryTuition / YearLiving / MonthVisa Fee (approx)Financial ProofTotal 2-Year MS (approx)
🇩🇪 GermanyFree (€150–350 semester fee)₹85K–1.1L₹8,250€11,904 blocked account₹20–30L
🇮🇪 Ireland₹18–35L₹1–1.4L₹6,600€10,000₹45–80L (1yr MS)
🇨🇦 Canada₹16–25L₹90K–1.3L₹9,300CAD 20,635 GIC₹50–80L
🇦🇺 Australia₹13–25L₹1–1.5L₹88,000AUD 29,710₹55–85L
🇳🇿 New Zealand₹18–35L₹90K–1.3L₹17,250NZD 20,000/year₹55–90L
🇬🇧 UK₹18–40L₹1–1.8L₹1.4L£1,529/mo London₹25–55L (1yr MS)
🇺🇸 USA₹25–60L₹1.2–2L₹32,775Full 1st year costs₹80–1.5Cr

Exchange rates: USD=₹95, EUR=₹110, AUD=₹55, CAD=₹62, GBP=₹107 | April 2026. Source: DAAD, IRCC, Home Affairs, GOV.UK, MBIE.

Cost-saving tips from IMFS counsellors

  • Germany — lowest total cost: Public universities are tuition-free. Only semester fee of €150–€350 applies. Total 2-year MS cost is ₹20–30 Lakhs — the lowest among all major destinations. Source: DAAD official.
  • Scholarships reduce cost significantly: DAAD provides EUR 934/month for Master’s students (Germany). Chevening covers full tuition + living for UK. Australia Awards, Vanier Canada, and Ontario Trillium scholarships are available for Indians. IMFS counsellors identify scholarships you qualify for.
  • Part-time work offsets living costs: Australia at AUD $24.95/hr (48 hrs/fortnight) earns approximately ₹1.4 Lakhs/month. Ireland at €14.15/hr earns approximately ₹1.2 Lakhs/month. This can offset 50–80% of monthly living costs.
  • City choice affects cost significantly: London costs 20–30% more than Manchester or Glasgow. Sydney and Melbourne cost more than Adelaide or Perth. Toronto costs more than Winnipeg or Halifax. Dublin costs more than Cork or Limerick.
  • Education loans cover the gap: Indian banks offer ₹20–75 Lakhs for studying abroad. SBI Global Ed-Vantage, HDFC Credila, and Avanse are popular options. Collateral-free loans up to ₹40 Lakhs available from some NBFCs.
  • GIC and blocked accounts are not a cost: Germany’s EUR 11,904 blocked account and Canada’s CAD 20,635 GIC are your own money — you withdraw them monthly for living costs. They are not fees.

Know your GPA — now find the right universities

Enter your CGPA, target country, and budget. Our University Recommender instantly shows which universities match your profile — ranked by fit, not just prestige.

Find My Scholarships →

Frequently Asked Questions

How much does it cost to study abroad for Indian students in 2026?

Total costs vary significantly by country. Germany is the most affordable at ₹20–30 Lakhs for a 2-year MS (tuition-free public universities). UK and Ireland range from ₹24–55 Lakhs for a 1-year MS. USA ranges from ₹80 Lakhs to ₹1.5 Crore for 2 years. Canada and Australia range from ₹50–85 Lakhs for 2 years. All figures include tuition, living, visa, travel, and insurance at April 2026 exchange rates.

Which country is cheapest for Indian students to study abroad?

Germany is by far the most affordable. Public German universities charge no tuition — only a semester fee of €150–€350 (₹16,500–₹38,500). Total 2-year MS cost is approximately ₹20–30 Lakhs. New Zealand and Ireland are mid-range. USA is the most expensive. Source: DAAD Germany official.

Can part-time work offset my study abroad costs?

Yes — significantly. Australia (AUD $24.95/hr, 48 hrs/fortnight) earns approximately ₹1.4 Lakhs/month. UK (£12.71/hr, 20 hrs/week) earns approximately ₹1.1 Lakhs/month. Germany (€13.90/hr, 20 hrs/week) earns approximately ₹1.2 Lakhs/month. Part-time earnings can offset 30–60% of living costs depending on the country and hours worked.

What is the student visa fee for studying abroad?

UK: £524 + £776 IHS = approximately £1,300 total (₹1.39 Lakhs). Australia: AUD 1,600 (₹88,000). USA: approximately USD 345 total (₹32,775). Canada: CAD 150 (₹9,300). Ireland: €60 (₹6,600). Germany: approximately €75 (₹8,250). New Zealand: NZD 375 (₹17,250). Sources: GOV.UK, Home Affairs, IRCC, irishimmigration.ie.

How much money do I need to show for a student visa?

Germany: EUR 11,904 blocked account (Sperrkonto) — your own money, withdrawn monthly. Canada: CAD 20,635 GIC — also your own money. Australia: AUD 29,710. UK: £1,529/month London or £1,171/month outside London for 9 months. Ireland: €10,000. USA: proof of full first-year costs. Note: GIC and blocked accounts are not fees — you get the money back as monthly withdrawals. Sources: BAMF, IRCC, Home Affairs, GOV.UK.

Is an education loan enough to cover study abroad costs?

Most Indian banks offer ₹20–75 Lakhs for studying abroad — sufficient for Germany, Ireland, Canada, and most UK programmes. For USA, you may need a co-signer or additional funds. SBI Global Ed-Vantage, HDFC Credila, Axis Bank, and Avanse are popular options. Collateral-free loans up to ₹40 Lakhs are available from some NBFCs. Use the IMFS Education Loan EMI Calculator to estimate your monthly repayments.

Related Study Abroad Cost Guides

Not sure which country fits your budget?

Book a free 1-on-1 counselling session with an IMFS expert. We have guided 67,000+ students since 1997 — across all 13 branches in India.

Book Free Counselling Session →
Get in touch with us Now

You're just one step away from your Dream University!

close menu icon

Avail Free GMAT Test

close menu icon

Avail Free SAT Test

Chat with Counselor Talk to Cousnelor Email Us