What does it really cost to start your Master studies in Germany? The simple answer is Time, Money and your commitment. But without a quantitative measure, one can not get a clear picture. In this article, let us try to break down the process and check what is the time and the expenses of each of steps involved.
The numbers below will vary from one individual to the other depending on several influencing factors. But let us consider the most simple and ideal case for our study.
1. Expenses in India
|Task||Time||Expense (INR)||Additional Expenses*(INR)|
|Passport||1-4 weeks||1,500 – 3,500||1,000.00|
|Transcripts and Degree Certificate||1-2 weeks||none||200.00|
|Travel Insurance||15 – 30 mins||500 – 2,000||0.00|
|Flight Booking||15 – 30 mins||25,000 – 40,000||0.00|
|German Student Visa||2-6 weeks||4,500||500.00|
|Prepaid Cards||1-3 days||500||0.00|
|Health Checkup||1-2days||3,000 – 5,000||500.00|
|Shopping||1 week||25,000 – 50,000||0.00|
*owing to several factors e.g. travel, purchase of study material, agency fee, insurance for the education loan.
The average costs in India
Further, you need to produce the funds to support yourself during the first year in Germany. (These costs are included in the next section because they are basically the expenses in Germany)
|Task||TimeTime||Expense (INR)||Additional Expenses*(INR)|
|Education Loan||3-6 weeks||margin (15%) amount Rs.1,20,000 for 8 lakh loan (SBI)||3,000.00|
|Self Funding||1-2 weeks||approx. 7 lakh||500.00|
In the end, your costs while you're in India (costs before going to Germany, covering your first year)
2. Expenses in Germany
Assuming that there is no tuition fee for your course, let us try to estimate the living costs per month. Here comes a disclaimer again, these expenses can vary largely depending on the university, the location, and your personal lifestyle.
*owing to the shopping, parties, gym, sports etc.
|Task||Expense (in Euros)|
|Semester Fee||150 - 500 (6 months)|
|Accommodation||250 - 500|
|Food and Groceries||100 - 150|
|Phone||10 - 15|
|Additional expenses*||50 - 200|
Lastly, let us include the additional expenses for trips, visits to India, any major purchase etc. Then our best and final guess would be Rs. 15,00,000.
A note on Student Jobs
You will be eligible to work for up to 20 hours per week in Germany. If you can take up a student job during your studies, you will be able to support yourself partially/ completely. In that case, the overall cost can be very less.
I hope that this analysis gives you an idea about the prospective costs and helps in planning your time and finance in advance. Finally, even if you have all the resources, your commitment towards planning and the right execution plays an important role in reaching your goal. So plan ahead, start early and never lose your commitment.
Lastly, these native videos explain the cost of study and living in Germany.