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Germany is ranked among the top study destinations for international students, particularly Indians, as it offers cheap education and a great standard of living. However, let you plan your trip with knowledge of how much the cost of living in Germany for students, and you have to manage your money wisely. This blog offers a complete budget analysis on housing, food, health insurance, transportation, and all other necessary spending to enable you to prepare for your studies with the expert advice of YES Germany.
A major benefit of studying in Germany is that the tuition fees are very low. Most public universities don’t charge tuition fees, but a small semester fee is imposed, ranging between €150 and €350. This lowers the cost of studying in Germany greatly compared to the USA or the UK. Though students are required to cover the cost of their living, living costs vary depending on the city or lifestyle. On average, international students should expect to budget around €850 to €1,200 a month to cover their expenses.
The biggest portion of the student living costs in Germany is accommodation. The students have the option of university dorms, shared apartments (WG) or private flats.
Smaller cities like Magdeburg or Chemnitz offer better prices than the likes of Munich or Frankfurt. Early booking of accommodation can help to cut down the living expenses in Germany for international students.
In Germany, the cost of food is affordable, provided that the students cook at home. The groceries come to about 150 to 250 a month. Eating out once in a while can run you anywhere from 8 to 15 Euros at the student cafeterias.
Mobile bills, internet and personal expenses can also be considered as additional expenses per month of about 120 to 80 more, which are added to the daily expenses. These are managed wisely so that the students can remain within their budgeted student living cost in Germany.
All international students are required to be covered by health insurance. The average price of health insurance cost in Germany for students is usually between 110 and 130 euros monthly on the basis of the government-provided health insurance companies. This includes doctor checkups, hospital care and prescriptions.
The options of private insurance might be a little cheaper at first, but are prone to rise at a later stage, and therefore, students are encouraged to make the right decision with the help of advisors such as Yes Germany.
The transportation cost in Germany for students is excellent. In Germany, the semester fee usually includes the cost of student public transportation in the form of a semester ticket, with the price being somewhere between 150 and 300 Euros per semester.
Students will be allowed free use of buses, trams and regional trains within the specified area, making a trip to school an inexpensive and comfortable ride.
Other monthly costs can be:
These are personal lifestyle costs that must be factored in when determining the overall student living expenses in Germany.
How YES Germany Helps Students Plan Their Budget
Professional advice is critical in financial planning. YES Germany assists students to know the true cost, select cheaper cities, open blocked accounts and budget wisely. Students will be able to have a stress-free academic life with the help of proper budgeting in YES Germany.
To do good financial planning, it is necessary to know the cost of living in Germany as a student. The tuition is quite low, but the cost of living must be budgeted. Germany has a balanced and affordable student life, in terms of accommodation and food, health insurance, and transportation. With the professional assistance of YES Germany, international students will have the opportunity to manage their expenses and focus on building a bright academic and career future in Germany.
Depending on the city and lifestyle, the average monthly price is between 850 and 1,200.
Yes, it is very cheap in Germany because of the low or no tuition charges in state universities.
There are accommodation costs, food costs, health insurance, transportation, and personal costs.
In the case of public health insurance, the price is approximately 110-130 a month.
Yes, semester tickets include unlimited local transportation and are very cheap.
As the days pass by Germany is increasingly becoming the go-to dream destination for students aspiring to pursue their higher education abroad.
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