The nation like India where everything is been taken care of by the parents from birth to home to travel to food everything is just served in a plate by Indian Parents and when it comes to sending kids to some other foreign country for higher education it gives them a proud moment but at the same time the question about Cost of Living of the Country their kid will be heading to and the responsibilities and the challenges kids are going to face while studying abroad will leave them confused and tensed. If your kid has got admission letter from any of Institution from Germany and he/she is ready to fly to country, this article will be answer to your question.
The Cost of Living in Germany is quiet affordable and reasonable than other European Nations. As for now, Students just need Euros 720 a month that means Euros 8640 per year equals to USD 10,038 to cover all expenses while studying in Germany. While studying in Germany students may expect to pay the following expenses during their stay in country.
- University Expenses covering Tuition Fees and Semester Contribution
- Living Expenses covering Rent, Food, Utilities and Bills
- Travel Expenses
- Health Insurance
- Other expenses
Since Germany Universities carry free tuition fee or minimal tuition fee for higher education, the only payment international students need to pay in University is Semester Contribution which may vary from Institution to Institution and the services it includes. A fixed amount of money students need to pay for specific university services like Bus Travelling, Sports Facilities, Administrative Assistance, Dining Halls, etc.
Though the Germany’s Tuition Free Education System gives a relief from financial burden but still remains the Cost of Living to bear in Germany. As mentioned earlier that on an average it requires Euros 720 a month to cover the cost of living in Germany but it also may vary on the city students live. The biggest concern for every international student in Germany is to find a suitable place to rent. Generally, South of Germany is expensive than other parts of the country. The Capital of the Country, Berlin is not that expensive in comparison to most European capital cities or some larger German cities. Eastern part of the nation is the cheapest area of the country. The range of the rent varies from Euros 500 to Euros 1500. The other concern is food. An average restaurant in Germany may cost you Euros 45. So if students want to save money in food then they should start taking cooking classes as Germany would not be a good option to save money. However, universities offer a variety of good foods within their own cafeteria at low rates which normally cost less than 5 Euros.
The other things international students will need to take care of besides monthly rent are bills for Electricity, Central Heating, Water and Garbage. For now the rate is 29.42 cents for a kilowatt hour (CT/kWh). An average cost for the apartment of 85 sqm is Euros 215.21 per month. If sharing accommodation with roommates then students may share these bill costs. In some cases all these bills are included in rent only so the students need to pay extra for such utilities.
Students keep on roaming around all the time. To be on time to attend lectures, then back to apartment, meeting a colleague on other corner of the city or going out for shopping, everything can put students under stress if they are not familiar with the commute they are going to use. Choosing a prominent transportation source may not only save their time but money as well. Using bicycle is the best way to move from one place to another among crowded areas and other than that Public Transport is the best and cheapest travelling option that students can use to roam around. Local public transport costs Euros 2.00 on average.
Germany is the country where Health Insurance is mandatory by law irrespective of resident status or income. International Students must need to have it before arrival in the country. There are basically two main types of health insurance plans in Germany- Public Health Insurance and Private Health Insurance. Students are free to opt any of them depending on what they required to be covered and how much they are willing to pay. The Public Health Insurance Plan charges lower premium, mandatory for every person in Germany and is regulated by the government of Germany. As per now monthly premium rate for this plan varies from 70 to 80 Euros per month. If students want to cover more medical needs, they can go for Private Health Insurance Plan which is quiet expensive. There are different packages as per people requirement. So there is no standard premium as such for this plan as specific monthly premium as per the package opted may be charged by the company.
Other than basic needs there are some other expenses that students need to take care of in foreign country. For example students may need to buy new clothes and a pair of shoes according to the weather condition at the place. The quality of clothing is quiet high in Germany so as the price.
To bear a Cost of Living in Germany is not as hard as it seems as there are a bunch of options and surely there will be the one suiting your budget and the one you can afford too.