Known for its beauty, diverse culture, and welcoming environment, Nepal is a developing country with a comparatively lower cost of living than other developed countries. Costs for locals and foreigners may have a considerable difference here.
For any student planning to study abroad, having enough knowledge about the living cost before moving to the country is essential to figure out whether they can afford to live and study in the new country.
The tuition fees in Nepal can range from 1000 USD per year to 8000 USD, depending on the university and study program you choose.
Why Nepal?
Due to the cheap degrees and cost of living in Nepal, more and more international students are targeting Nepal. Furthermore, the number of multinational companies, safety, and the chance for career growth also bring many foreign personalities to Nepal's vicinity.
Since Nepal is a developing country, it also provides a chance and space for novice entrepreneurs. Nepal's beauty and natural possibilities also bring many adventure and nature lovers to Nepal for mountain trekking, climbing and expedition.
Accommodation
Accommodation is a big concern when moving into a new country. Accommodations here are comparatively cheaper than in other countries.
As a student, you can either opt for on-campus accommodation, as many colleges have dorms or hostel facilities or choose to rent a room or share an apartment or flat with a roommate, which may cost you around 92 to 200 USD per month.
The available on-campus accommodation in public colleges amounts from 1000 USD to 2800 USD per academic year and in private colleges. The cost of accommodation also depends on where you live, central areas of the cities are costlier than the peripheral areas.
Food
Your expenses on food depend on your food habits and preferences. A simple essential meal in Nepal will cost you around 2 USD. But if you want to control your food expenses, you can learn to cook and prepare your meals which will cost you around 5 to 12 USD for three meals a day.
Travel expenses
It is convenient and faster for students living on or near campus. Students living far from campus can opt to travel by local transport or taxi. Monthly transport passes may cost you 8 to 10 USD per month.
Miscellaneous
Student life can be pretty hectic. You will need some refreshments and leisure time from time to time, including watching movies, travelling, and entertainment, where you can expect to spend around 3 to 10 USD. A good pair of jeans and a midrange pair of shoes will cost you 19 to 45 USD. For other essential utilities such as electricity, cooling, heating, water, and garbage disposal, you must spend 24 USD per month.
These rough figures will help you estimate how much you will need to cover all your expenses while studying in Nepal. If you take your time and choose wisely, you can control and spend within your budget.
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