Many qualified students miss opportunities due to financial miscalculations. Our financial advisors at IECC Bangladesh have developed this comprehensive planning approach.
The Full Cost Breakdown
1. Upfront Costs (Before Departure)
- Application fees ($50-$150 per university)
- Standardized tests (IELTS $215, GRE $205)
- Visa fees (US $160, UK £490)
- Health checks (~$100)
2. Annual Academic Costs
| Country | Tuition Range | Notes |
|---|---|---|
| USA | $20,000-$70,000 | Private vs public, aid availability |
| UK | £15,000-£38,000 | 1-year masters common |
| Canada | CA$18,000-CA$50,000 | More affordable PhD options |
| Australia | AU$20,000-AU$45,000 | Lower costs outside Sydney/Melbourne |
3. Living Expenses (Monthly)
Create a personalized budget using:
- University housing calculators
- Student blogs for real-world examples
- Our country-specific cost guides (request at study@iecc.co.uk)
Funding Strategies That Work
Scholarship Matrix
We help students apply across categories:
| Type | Examples | Our Success Rate |
|---|---|---|
| Merit-Based | Fulbright, Chevening | 68% |
| Need-Based | University-specific aid | 72% |
| Identity-Based | AAUW, Aga Khan | 65% |
| Niche | Rotary, corporate sponsors | 80% |
Part-Time Work Options
- On-campus jobs (typically 20 hrs/week)
- Curricular Practical Training (CPT) in US
- Post-study work rights (UK Graduate Route, Canada PGWP)
Important: Never rely solely on future earnings – have secured funding for at least 1 year.
IECC Bangladesh’s Financial Planning Services
Our award-winning team provides:
Scholarship matching using proprietary database Financial documentation review for visa applications Alternative funding strategies (education loans, sponsors) Pre-departure budgeting workshops
Email study@iecc.co.uk for a free financial readiness assessment.
