Studying in New Zealand is a dream for many Nepali students due to its world-class education, work opportunities, and safe environment. However, one of the most important aspects of studying abroad is managing the financial process, which includes tuition fees, living expenses, and proof of funds for visa applications. Understanding the financial requirements beforehand can help students plan their study abroad journey efficiently.
In this guide, we will cover tuition fees, living costs, bank statements, fund requirements, scholarships, part-time job opportunities, and financial planning tips to help Nepali students manage their finances while studying in New Zealand.
1. Tuition Fees for Studying in New Zealand
Tuition fees in New Zealand vary depending on the course, university, and level of study. On average, tuition fees for Nepali students range from:
- Bachelor’s degree: NZD 22,000 – NZD 35,000 per year
- Master’s degree: NZD 26,000 – NZD 40,000 per year
- Diploma courses: NZD 15,000 – NZD 25,000 per year
Certain programs, such as Medicine, Engineering, and MBA, may have higher tuition fees. Universities in Auckland and Wellington generally have higher fees compared to other cities. Students must pay at least one year’s tuition fee in advance to obtain a Confirmation of Enrollment (CoE), which is required for the visa application.
2. Living Expenses for Nepali Students in New Zealand
Apart from tuition fees, students need to cover living expenses, including accommodation, food, transport, and daily necessities. Immigration New Zealand requires proof of NZD 20,000 per year as the minimum living cost for international students. Here’s an approximate breakdown of monthly expenses:
- Accommodation: NZD 800 – NZD 1,500
- Food: NZD 300 – NZD 500
- Transport: NZD 100 – NZD 150
- Utilities and Internet: NZD 100 – NZD 200
- Miscellaneous expenses: NZD 200 – NZD 300
Living expenses vary based on lifestyle choices and the city. Auckland and Wellington have higher costs compared to Christchurch and Hamilton. Students can reduce expenses by sharing accommodation and using public transport.
3. Financial Proof for Student Visa Application
To obtain a New Zealand student visa, Nepali students must prove they have enough funds to cover tuition fees and living expenses. Immigration New Zealand requires:
- Proof of tuition fee payment (for at least one year).
- Living expense funds of at least NZD 20,000 per year.
- NZD 2,000 for return flight tickets (or an additional financial guarantee).
Acceptable forms of financial proof include:
- Bank Statements – Showing sufficient balance over the last six months.
- Fixed Deposits – Must be in the applicant’s or sponsor’s name.
- Education Loan Documents – Loan must be sanctioned by a recognized bank.
- Sponsorship Letters – From a parent or guardian with supporting financial documents.
- Salary Slips and Tax Returns – If self-funded.
Students must submit genuine financial documents as New Zealand authorities verify them strictly. Providing false documents can lead to visa rejection.
4. Education Loans for Studying in New Zealand
Many Nepali students apply for education loans to cover tuition and living costs. Banks in Nepal provide education loans based on the following criteria:
- Admission to a recognized New Zealand university.
- A strong financial background with collateral (land, property, or fixed deposits).
- A co-signer or guarantor (usually a parent or guardian).
Banks in Nepal Offering Student Loans:
- Nabil Bank
- Global IME Bank
- Siddhartha Bank
- Himalayan Bank
- NIC Asia Bank
Most banks provide up to 80% of the total cost as an education loan, with an interest rate ranging between 8% and 12%. The loan application process takes 2-4 weeks, so students must apply early.
5. Scholarships for Nepali Students in New Zealand
New Zealand offers various scholarships to international students to help reduce tuition fees and living costs. Some popular scholarships include:
Government-Funded Scholarships
- New Zealand Excellence Awards (NZEA) – For high-achieving students from Nepal and other countries.
- New Zealand International Doctoral Research Scholarships (NZIDRS) – For PhD students.
- Manaaki New Zealand Scholarships – Government scholarships for undergraduate and postgraduate students.
University-Specific Scholarships
- University of Auckland International Student Scholarships
- Victoria University of Wellington Tongarewa Scholarship
- University of Otago International Research Scholarships
Scholarships are highly competitive, so students should apply early with strong academic records and a well-written Statement of Purpose (SOP).
6. Part-Time Job Opportunities for Nepali Students
International students can work part-time for up to 20 hours per week during the semester and full-time during holidays. Common part-time jobs include:
- Retail and Customer Service – Supermarkets, malls, and shops.
- Hospitality Jobs – Cafés, restaurants, and hotels.
- Delivery Services – Uber Eats, food delivery, and courier services.
- Tutoring and Administrative Jobs – University and office-based work.
Students earn an average of NZD 22 per hour, helping them cover their living expenses. However, students must balance work and studies to ensure academic success.
7. Managing Finances While Studying in New Zealand
Proper financial planning is essential for students living abroad. Here are some money management tips:
- Create a budget – Track expenses and limit unnecessary spending.
- Use student discounts – Many stores, transport services, and restaurants offer student discounts.
- Cook at home – Eating out is expensive, so cooking at home can save money.
- Find affordable accommodation – Sharing an apartment with other students reduces costs.
- Work part-time – Utilize legal work hours to support living expenses.
8. Post-Study Work Opportunities and Financial Benefits
After completing studies, students can apply for a Post-Study Work Visa for 1-3 years. This visa allows graduates to:
- Gain valuable work experience in New Zealand.
- Earn a stable income and repay education loans.
- Apply for permanent residency (PR) if eligible.
Many Nepali students choose to stay and work in IT, engineering, business, healthcare, and hospitality, where salaries range from NZD 50,000 – NZD 80,000 per year.
Conclusion
Studying in New Zealand is a great opportunity for Nepali students, but proper financial planning is necessary for a smooth journey. From tuition fees and living expenses to visa requirements and part-time work, understanding the financial process helps students avoid difficulties and focus on their education.
If you need expert guidance on financing your studies in New Zealand, Evani Education Consultancy is here to help! We assist students with university selection, scholarships, visa applications, and financial planning. Contact us today for a free consultation and start your journey toward a successful future in New Zealand! 🚀
