Guide to Studying in the USA: Opportunities and Costs for Malaysians



02 July 2024

How Much Does it Cost to Study and Live in the US?| Sunway Money


Pursuing an education in the USA is a dream for many students worldwide, including Malaysians. Known for its prestigious universities and diverse academic programs, the USA offers a wealth of opportunities and cultural experiences. This guide will delve into the opportunities and costs of studying in the USA and how Sunway Money can support your financial needs while abroad.



Opportunities in the USA



Top universities

The USA is home to numerous top-ranked universities celebrated for their academic excellence and groundbreaking research. Some of the most sought-after institutions for international students include:1

  • Stanford University
  • Massachusetts Institute of Technology (MIT)
  • Harvard University
  • Princeton University
  • California Institute of Technology

Work opportunities

International students in the USA can take advantage of various work opportunities:

  • On-Campus Employment: Students can work up to 20 hours per week on campus during the academic year and full-time during holidays.2
  • Optional Practical Training (OPT): This program allows graduates to work in their field of study for up to 12 months post-graduation. STEM graduates may qualify for a 24-month extension.3

Post-study work visa

The USA provides several pathways for international students to remain and work after graduation:

  • H-1B Visa: This visa allows US employers to hire foreign workers in specialty occupations that require specialized knowledge. The visa is generally valid for up to three years but can be extended to a maximum of six years under specific conditions.4


Costs of Studying in the USA


Tuition fees

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Tuition fees in the USA vary significantly depending on the institution and program. On average:

  • Undergraduate Degree: $20,000 - $45,000 annually
  • Graduate Degree: $20,000 - $50,000 annually
  • Doctoral Degree: $28,000 - $55,000 annually


Living expenses

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Living costs differ based on location and lifestyle, but on average, international students might spend:

  • Accommodation: $5,000 to $7,000 annually
  • Food: $30,000 annually
  • Electricity: $5,000 to $7,000 annually
  • Phone: Approximately $50 annually


Health insurance

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Health insurance is mandatory for international students in the USA, with costs ranging from $700 to $1,500 per year, depending on the coverage.


Managing Finances with Sunway Money

Studying in the USA offers numerous opportunities for Malaysian students, from world-class education to valuable work experience. However, it also involves significant costs that must be managed carefully. Sunway Money’s competitive exchange rates, low transfer fees, fast and secure transfers, and convenient online platform can help Malaysian students manage their finances effectively while studying abroad. Begin your journey to the USA with Sunway Money and benefit from a seamless remittance service tailored to your needs.


Sources used for this aritcle:

  1. Best universities in the United States 2024
  2. Foreign Academic Students
  3. Optional Practical Training (OPT) for F-1 Students
  4. U.S. Student Visa Graduation And Post-Graduation Options
  5. US Course Fees and Cost of Living
  6. International Student Insurance