Plan Your Budget

To effectively manage finances while studying, students should start by creating a comprehensive budget that considers their available funds. This involves identifying fixed, irregular, and regular expenses. Fixed costs typically include tuition fees, hostel and mess charges, and phone bills. Irregular costs encompass expenses incurred on books or study materials for each semester. Regular costs may include dining out, transportation, and miscellaneous charges. After compiling the list of expenses, students should calculate the remaining amount of money they have for allocating towards each category.

It's important to note that students studying in India may be eligible for financial assistance in the form of an Institute Scholarship. However, it's crucial to understand that these scholarships typically cover only tuition fees. Therefore, students must manage additional expenses, such as hostel and mess fees, as well as day-to-day costs like phone bills, books, transportation, travel, and recreational activities, on their own. To estimate the average cost of living, primarily including personal expenses, students can refer to the table below.

Please bear in mind that specific financial information or tables relating to the cost of living in India are not provided here, as they are subject to change and depend on various factors. It is recommended that students consult the study abroad office at their respective educational institutions or conduct further research to obtain accurate and up-to-date financial information related to their specific circumstances.

Creating a well-planned budget will help you make informed financial decisions and ensure they allocate their funds wisely throughout their academic journey.