What is the total expenditure one has to incur in applying for admission to US Universities?
The cost of application has gone up steeply in the last few years because of the increase in the value of the dollar from Rs. 16 to Rs. 49, and the increase in the test fees for GMAT, GRE and TOEFL. While nearly 50% of the Universities did not have any application fee till about 15 years back, almost all of them have now prescribed application fees ranging from $25 to $125. Taking these into consideration, the following is a rough budget of the application expenses now: Test fee for GMAT/GRE: Rs. 12,000/8,300 Test fee for TOEFL: Rs. 8,000 Fee for forwarding test scores to additional Universities: Rs. 6,000 Application Fees for 10 Universities (average $30): Rs. 15,000 Total: Rs. 41,000/37,300 But do not allow these figures to put you off. At this stage of your life, this should be considered not as an expenditure, but as a valuable investment that could cdmpletely change your future life and give you the type of prosperity you cannot hope to have with a mere Master’s degree from an Ind
