The Ultimate Guide to How Much Money Is Required to Study in New Zealand?
Overview
The currency of New Zealand is the New Zealand dollar. They accept all kinds of payments in their currency. Universities in New Zealand are allowed to set their tuition fees. This means that one has to pay different fees depending on the institution and course chosen. The Cost Of Studying In New Zealand for international applicants is expected between $22,000 to $32,000 for a bachelor’s degree and $26,000 to $38,000 for a post-graduation program.
Your Cost Of Studying In New Zealand would almost certainly be higher if you select a course in medicine, engineering, or veterinary science. The cost of a Ph.D. is the same for all learners, ranging from $6,500 to $9,000 per year. Contact your institution for clarification on the expense of your particular course.
Foreign students of all levels, including those seeking a Ph.D., are eligible for scholarships. These scholarships are provided by either the universities or the government. To learn more about your qualifications, contact your university or consult the official New Zealand scholarships registry.
The cost of living in New Zealand is determined by where you want to stay. Larger cities, as in most countries, would necessitate a higher living expenditure than smaller cities. Allowance ranges between $15,000 and $27,000 per year.
If you want to study in New Zealand for more than a year then you would have to prove that you have $15,000 in your account to support yourself for a year. If you are pursuing your studies for up to one year then you must have a minimum of $1,250 each month in your account.
If someone is on a Student VISA then he or she can work part-time to sustain themselves. They can work up to 20 hours per week in their term time. Students who are pursuing their masters in research or Ph.D. could work full time during their studies in their term time.
You will be required to buy health insurance to enroll in New Zealand. This will be decided by your heritage. You are not eligible for government-funded healthcare if you are on a student visa. Students from Australia and the United Kingdom, as well as Ph.D. students, are the only exceptions to this law.
The students are permitted to publicly funded hospitals for emergency treatment only. If someone is from a different country and needs medical treatment then they must have valid medical and travel insurance during their stay.
About Subsidised Fees
There is nothing called subsidized fees in any of the New Zealand based education institution facilitating courses in the different educational institutions. So do not get attracted to subsidized fees promised by any education abroad consultants
Scholarships
The country has the facility of scholarships but students are advised not to completely depend on the scholarships to support their Cost of studying in New Zealand.
The few common Scholarships in New Zealand are
ASEAN New Zealand Scholar Award Program
Development Scholarships by New Zealand Government
Pacific New Zealand fellowships
Short courses New Zealand Government Sponsored grants
New Zealand Common Wealth Scholars Program
New Zealand English Language Training for Officials Scholarships (NZELTO)
Common Benefits Covered Under Scholarships
Laboratory expenses
Waiver of the tuition fee in full
Living allowance
Registration fee waiver
Research expenses
Medical & Travel Expenses
Stationary & Dormitory expenses
Countries Eligible to Apply for Government Scholarships in New Zealand
| Asia | India, Bangladesh, Pakistan, Sri Lanka, Malaysia, Cambodia, Indonesia, Jordan, Lao PDR, Malaysia, Mongolia, Myanmar, Nepal, Philippines, Thailand, Timor-Leste, Viet Nam |
| Pacific | Cook Islands, Tuvalu, Vanuatu, Fiji, Kiribati, Nauru, Samoa, Solomon Islands, Tonga, Niue, Papua New Guinea |
| Caribbean | Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, St Vincent, the Grenadines, Suriname, St Lucia, Trinidad, Tobago Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St Kitts and Nevis |
| Africa | Egypt, Ethiopia, Ghana, Kenya, Lesotho, Malawi, Mauritius, Morocco, Algeria, Angola, Botswana, Djibouti, Mozambique, Namibia, Nigeria, Tanzania, Tunisia, Uganda, Zambia, Zimbabwe Rwanda, Senegal, South Africa, Swaziland |
| Latin American Countries | Cuba, Ecuador, El Salvador, Argentina, Bolivia, Brazil, Colombia, Costa Rica, Guatemala, Honduras, Paraguay, Peru, Venezuela, Mexico, Nicaragua, Panama |
Cost of Study
| Study Courses/Program | Approx. Tuition Fee ($NZ) |
|---|---|
| Undergraduate bachelor degree | NZ$22,000-32,000 (US$14,900-21,700) per year, |
| Postgraduate masters degree | NZ$26,000-37,000 (~US$17,660-25,100) |
Costs of Living in New Zealand
| Activity | Approx. Living costs per week ($NZ) |
|---|---|
| Public transport | NZ$35 (~US$24) |
| Utilities | NZ$23 (~US$15.50) |
| Food | NZ$120 (~US$80) |
| Entertainment | NZ$55 (~US$37) |
| Phone and internet | NZ$8 (~US$5) |
Arrival & Accommodation
Housing: Private rented houses and rooms are the most common and popular choices among the international students. These properties are taken care by the landlords. Students can also choose home stay, etc.
Public transport: There are many options to reach to campus depending on which campus you are studying at.
Opening a bank account: In order to open an account in New Zealand, students need a valid passport, proof that they are a full-time student, proof of a residential address in New Zealand, and IRD number.
Accommodation in New Zealand
1. Halls of residence (or hostels). Generally they are located a walk away from campus and are fully furnished having single or twin-share rooms with a shared dining hall, lounge and laundry.
2. Homestay (or private board)
3. Flatting/Independent Accommodation, etc.
