Study in the US: Costs, visas and university life
The US welcomes more international students than any other country. It offers excellent education and new experiences. If your family is considering this life-changing step, being prepared saves you time and stress.
Here's what we’ll cover to guide your journey:
Why study in the US?
The country is home to world-class universities, a culture of ambition, and an education system that values curiosity as much as grades.
But studying in the US is about more than prestige. It's about experiencing a diverse and dynamic society. Over 350 languages are spoken here. University campuses reflect this diversity, bringing together students from many countries, cultures, and backgrounds. This helps your child grow and adapt to a global world.
What is student life like in the US?
A genuinely flexible system
US higher education gives your child time to decide on their future. During their first 2 years, they take general courses. These range from writing to maths. After that, they pick a major. If they change their mind, that's completely fine.
This flexible system is great for exploring options. It's very different from UK universities, where students specialise right away.
Grades aren't just about exams
In the US, a Grade Point Average (GPA) shows the big picture. It includes coursework, projects, participation and exams. Final exams matter, but they're rarely the only focus. This system rewards steady effort and critical thinking.
Top schools usually look for a GPA of 3.5 or higher on a 4.0 scale. Extracurricular activities and community service are also important. This is especially true for postgraduate programmes and competitive courses.
Freedom to study what interests you
US universities offer an amazing range of subjects. A liberal arts education gives you real freedom to explore. You can combine different fields and follow your passions. Interested in both technology and business? Or science and policy? The US system makes it possible to study both.
The United States remains the world's leading destination for international students. Each year, hundreds of thousands of students choose US institutions for their academic, professional, and personal development. – U.S. Department of State, EducationUSA
How much does it cost?
Tuition fees at US universities
The average yearly tuition for a bachelor's degree is about USD68,680. This average comes from leading private and public schools. Actual costs depend on your university, programme and state.
For bachelor’s degrees:
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Public universities: USD25,000–65,000
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Private universities: USD35,000–75,000
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Community colleges: USD8,000–15,000
For master's and postgraduate programmes:
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Public universities: USD20,000–55,000 per year
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Private universities: USD25,000–85,000 per year
Exact costs vary, so check with each university for the latest details.
Living costs for international students
Beyond tuition, you'll need to plan carefully for the cost of day-to-day life. According to estimates from internationalstudent.com, typical annual living costs for international students range from USD12,000 to USD20,000. This depends on location and lifestyle.
Here's a breakdown of what to expect:
| Expenses | Estimated annual cost (USD) |
|---|---|
| Housing | $6,000-$14,000 |
| Food and groceries | $3,000-$5,000 |
| Health insurance | $1,500-$3,000 |
| Transportation | $600-$1,200 |
| Books and supplies | $500-$1,000 |
| Utilities and internet | $1,200-$2,400 |
| Expenses | Housing | Housing |
|---|---|---|
| Estimated annual cost (USD) | $6,000-$14,000 | $6,000-$14,000 |
| Expenses | Food and groceries | Food and groceries |
| Estimated annual cost (USD) | $3,000-$5,000 | $3,000-$5,000 |
| Expenses | Health insurance | Health insurance |
| Estimated annual cost (USD) | $1,500-$3,000 | $1,500-$3,000 |
| Expenses | Transportation | Transportation |
| Estimated annual cost (USD) | $600-$1,200 | $600-$1,200 |
| Expenses | Books and supplies | Books and supplies |
| Estimated annual cost (USD) | $500-$1,000 | $500-$1,000 |
| Expenses | Utilities and internet | Utilities and internet |
| Estimated annual cost (USD) | $1,200-$2,400 | $1,200-$2,400 |
Hidden costs you should budget for
There are a few expenses that often catch families off guard:
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Visa fees: The Student and Exchange Visitor Information System (SEVIS) fee is USD350. Budget for these early.
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Banking and transfer fees: International wire transfers and currency conversion charges can add up.
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STEM Optional Practical Training (OPT) extension fees: The filing fee is currently USD470 to USD520.
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Emergency funds: Be prepared for medical costs or unexpected travel.
HSBC Global Transfers lets you move money between your international HSBC accounts using Global View. Fees are waived for HSBC Premier customers.
What student visa do you need?
To study in the US as an international student, you'll need a student visa.
The main visa types include:
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F-1 visa for full-time students at universities, colleges or English language programmes
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M-1 visa for students in vocational or technical programmes
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J-1 visa for students in approved exchange programmes
To apply for an F-1 or M-1 visa, you must first be accepted by a school certified by the Student and Exchange Visitor Program (SEVP). The school will issue a Form I-20, which is needed for the visa application. You'll also need to pay the I-901 SEVIS fee before the visa appointment.
How to prove your finances for a US student visa
You must show you have enough money for studies and living costs. Schools usually require documents showing at least 1.5 times the annual study costs. You can use bank statements, scholarships or government funding.
English language requirements for US universities
Most US universities require proof of English skills. The TOEFL iBT requires 61 to 79 points. The IELTS requires a 5.5 or above. High school applicants may take the Secondary Level English Proficiency (SLEP) test.
Note: In June 2025, the US Department of State announced changes to student and exchange visitor visa processing. Check with your nearest US embassy or consulate in Vietnam for the latest updates.
Can international students work in the US?
Students on F-1 visas can work up to 20 hours per week during the term, typically in on-campus roles. After graduating, there are structured pathways to stay and work.
Options include:
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Optional Practical Training (OPT): 12 months of work in their field
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STEM OPT extension: An extra 24 months for students from STEM programmes
How HSBC Premier helps your family
HSBC Premier helps your family manage this move easily. We make each step simple and secure.
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Open an account from VietnamSet up your child's US account before they leave. Collect their ATM card at home, so they're ready on arrival.
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Easy global money managementUse Global View and Global Transfers to track spending. Send money with no fees for eligible Premier accounts.
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Premier Next Gen benefitsShare Premier status with your child. They get full banking services and great perks without a minimum balance.
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Support in the USAccess a dedicated Premier Relationship Manager, emergency cash and travel rewards with the HSBC Premier Credit Card.
Frequently asked questions
Can international students work while studying in the US?
Yes, F-1 visa students can work up to 20 hours per week on campus. After one year, they may qualify for off-campus work. For official details, visit USCIS: Students and Employment.
Can parents travel on an F-1 visa?
Parents cannot stay in the US on their child's F-1 visa. However, you can apply for a B-1 or B-2 tourist visa to visit them.
Is healthcare free for international students in the US?
No, healthcare is not free in the US. International students must buy health insurance. On average, this costs between USD1,500 and USD3,000 per year.
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