Studying abroad can be a thrilling experience, and more and more international students are choosing to study in Taiwan as their destination. Taiwan provides a rich educational and personal experience.
Yet, what is the true cost of studying in Taiwan?
Let’s explore the essential expenses that help you in creating a successful budget.
How Much Money Do I Need to Study in Taiwan?
- Tuition Fees – What to Expect
The specific price is determined by the program and university you select. Undergraduate programs typically cost between $1,600 and $4,000 annually.
The annual cost of fees for postgraduate studies can vary from $2,000 to $6,000.
While both public and private institutions provide excellent education to study in Taiwan, private universities are typically more expensive.
Courses in the arts and humanities are usually less expensive than those in engineering, medicine, and business.
English-taught programs are offered by numerous Taiwanese universities, which is a big attraction for overseas students.
Best universities in Taiwan – CLICK HERE
Cost of Living – Monthly Expenses Breakdown
Monthly living expenses for students often range from $500 to $1,000 and include housing, food, transportation, and entertainment.
Accommodation: $200 to $500 per month
Food: $150 to $300 per month
Transportation: $30 to $50 per month
Entertainment, Personal items: $50 to $150 per month
Housing Costs – On-Campus vs. Off-Campus Living
1. On-Campus Dormitories
- Dormitory lodgings are the most economical choice and are provided by the majority of Taiwanese colleges.
- Monthly dorm expenses can range from $100 to $300, depending on the university and kind of accommodation (private or shared).
2. Off-Campus Housing
- Off-campus apartment rentals can be more expensive, with monthly rates ranging from $250 to $600.
- Smaller rooms or shared apartments might help cut expenses.
- Remember that you will also need to spend on utilities and potentially furniture if you choose off-campus accommodation.
Food and Groceries – How Much You Will Spend on Meals
Affordable lunches can be found at small eateries, street food vendors, and university cafeterias.
A dinner at the college cafeteria could only cost $2 to $4, whereas a regular meal at a nearby restaurant might cost $3 to $5.
Depending on your dining habits, groceries can cost anywhere from $100 to $200 a month if you like to cook.
Transportation Costs – Navigating the City
When deciding to study in Taiwan, buses, inexpensive taxis, and metro systems are available in most cities.
You can use the metro and buses whenever you want for about $30 to $50 per month with a student transportation pass.
Biking is also very common, and many cities have inexpensive bike-sharing systems.
Read: Can I study in Taiwan without a visa?
Health Insurance – What You Need to Know
Luckily, the National Health Insurance (NHI) program offers comprehensive coverage at a reasonable cost.
Students can access a variety of healthcare services, such as doctor visits, hospital stays, and prescription medications for about $150 per semester.
Many colleges will help new students with NHI enrollment.
Additional Expenses – Books, Entertainment, and Miscellaneous
Students should budget for other fees such as books, entertainment, and personal things in addition to tuition and living expenses.
University course textbooks normally run between $50 and $150 per semester, however, some students can save money by buying used books or using the library.
Students may spend between $50 and $100 a month on leisure and personal expenses on average.
Scholarships and Financial Support – Reducing the Cost of Studying
Scholarships for international students are stated by the Taiwanese government, and other colleges also grant scholarships based on academic performance.
The Taiwan Scholarship Program offers living and tuition expenses of up to $15,000.
A number of universities to study in Taiwan have their own scholarships, which might pay for tuition or grant stipends each month.
Bottom Line
You may make your to study in Taiwan experience both academically and financially rewarding by carefully planning your budget and looking into financial help opportunities.
