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America is the Second Most Expensive Country in the World for International Students

Australia beat out the U.S. as the most expensive country for international students to go to college.

Photo by Sergio Dionisio/Getty Images

This post originally appeared in Business Insider.

By Mandi Woodruff

The U.S. is the world’s second most expensive country for international students, according to new research from HSBC Group. Between university fees and living expenses, foreigners wind up shelling out more than $35,000 per year for an American degree. That price tag nearly doubles for students enrolling at Ivy League schools, where they’ll spend more than $58,000. We beat out both the U.K. ($30,000/year) and the United Arab Emirates ($27,000). The only country more expensive than the U.S. is Australia, where, according to HSBC, international students will spend $38,515 per year thanks to the growing strength of the Australian Dollar.

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So, where can international students get the most bang for their buck? Unsurprisingly, Germany is a steal for out-of-towners, costing just $6,285 USD per year. Germany is a rare case, given that most of its 16 states offer free tuition and those that don’t barely charge more than $1,000 USD per semester. Check out the table below to see how other countries ranked.

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Table: Average annual cost of Studying Abroad for International Students

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In US$ per year

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