Money Matters

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Finding money is easy. Some options are: rob a bank, snatch jewelry from old women or become a cricket player for India with more ads than runs!! Just kidding guys, read on.

Money, money money!! Isn’t it strange how life seems to revolve around this little word? But yes, you will need some money to go to New Zealand or any other country. But not a whole lot really. You would have heard stories about how you need to show loads of money to get a student visa. That’s all bull@%*#!

To study in New Zealand you only need the following:

For a one year course (if you are a Graduate with Bachelors Degree then you are only required to study for a one year programme) : – Tuition Fee of the Institute, which is on an average between NZ$ 17,000 - $20,000 (for a government ITP) or NZ$ 23,000 - $30,000 (for a NZ University) + living expenses of NZ$ 15,000. This dollar denominator should be converted in INR as per the exchange rate on

For a two years course of study (if you are 12th standard pass out then you are required to study for a minimum of two years) – simply double the above equation and account for 90% of it. However, there are some Institutes (high quality & Category 1) who offer a discounted fee structure for their second year of study for International students. 

Please enquire about these institutes with us!

IMPORTANT: Immigration NZ requires all liquid funds of the students or their sponsors to be six months old at the time of their student visa application lodgement unless you are obtaining an education loan or other acceptable form of loan from an approved financial institution. 

This is a complex process and our team guides you through each stage of student visa application lodgement and with your understanding of the financial documentation required to obtain the student visa at the time of your application lodgement with Immigration NZ.

Now the big question is where to get the required money from? We always encourage students to be honest when it comes to money matters. If your family does not have the required funds, there are many ways to raise the funds required for study in New Zealand. Some of them are:

Educational Loans: Many banks now offer education loans liberally for overseas study. If you have a property that can be pledged as a security, the chances of a getting an education loan are very high. We have tie-ups with some banks and we can certainly help you in this.

You can also obtain a loan against your property referred as ‘LAP’ as long as the financial institute allows you to use it for your higher education in New Zealand. Other loans acceptable are in the form of personal loans or pension loans subject to your parents annual income.

Sponsorship: funds can be shown in a legitimate manner from various sources. Don’t get conned by some ‘consultants’ who will scare you and say you and will then help you ‘manage’ the funds by taking 10%. Bloody thieves! Discuss with us and we will show you clearly how you can source the funds in a proper and legitimate manner as per the instructions laid out by Immigration New Zealand. For more information please check on the latest newsletters published by the department on their website

So go ahead and plan your money matters well to ‘Study & Settle in New Zealand’.

Cost of Living in NZ

The cost of living in New Zealand is similar to Australia and the table below gives an idea of the costs of some well known items. Many shops and services in New Zealand offer a student discount and some institutions offer student cards that entitles their students to discounts on and off campus.

Internet Access (cafe): NZ$4.00/hour

Internet Access (home connection): NZ$40/month

Movies at the cinema: NZ$13.00

A cup of coffee at a café: NZ$4.00

New Zealand Cost of Living Affordability

A 1.25 litre bottle of coke: NZ$1.80

Big Mac at Mcdonalds: NZ$4.90

Eggs (12 of): NZ$3.50

Rice 1 kg: NZ$1.60

Litre of Milk: NZ$1.80

Haircut: NZ$12.00-$30.00

Local Newspaper: NZ$1.00

Local Bus Fare (one-way): NZ$2.00-4.00

Motorcar (second-hand): NZ$1,000-$5,000

Shops in New Zealand are open from Monday through to Saturday with a large number also open on Sundays. Shopping hours are from 9am to 5.30pm with a “late night” shopping nights twice a week, where shops may be open till 9pm. 

Please Note: As well as the tuition fees, all StudyPlus students are required to budget for NZ$15,000 per annum for their general living expenses.

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