Complete Guide for Nigerians on the Cost of Relocating to the US with a Scholarship

The cost of moving to the US on a scholarship can vary significantly depending on several factors, including the type of scholarship you secure, the city you are relocating to and your personal spending habits. While scholarships often cover tuition, many students are still responsible for various other expenses such as visa fees, housing, transportation and day-to-day living costs.
For a Nigerian student, navigating the financial aspects of relocating can be daunting, especially when converting expenses into Naira. Understanding the full scope of these costs helps in better financial planning, ensuring that you’re not caught off guard by unexpected expenses once you’ve settled into your new environment.
From visa applications and flight costs to health insurance and food, the true cost of moving to the US on a scholarship can be more complex than anticipated. Even with a scholarship, it’s important to plan for additional expenses like setting up your accommodation, purchasing essential items and covering your transportation needs.
For many Nigerian students, the exchange rate can make costs seem particularly high, but careful budgeting and understanding what your scholarship covers can help alleviate some of the financial pressure. Moving on a scholarship is a fantastic opportunity, but having a clear financial roadmap will ensure a smooth transition and allow you to focus on your studies once you’re in the US.
Breaking Down the Costs of Moving to the US On A Scholarship
Moving to the US on a scholarship might seem like a financial dream come true, but there are still expenses involved and the exchange rate doesn’t always work in favor of Nigerians. To ensure you’re prepared, let’s break down each cost element:
1. Visa Application Fees
The first hurdle in your journey to studying in the US is securing the F-1 student visa, which is necessary for international students. Here’s what to expect:
● F-1 Visa Application Fee: $185 (approximately ₦304,773.95)
● SEVIS Fee: $350 (approximately ₦576,614.50)
Total for visa-related costs: $535, which converts to about ₦881,388.45 at the current exchange rate of $1 to ₦1,647.47.
This is one of the first major financial commitments you’ll encounter and while scholarships may not cover visa fees, they are essential for securing your entry into the United States.
2. Flight Tickets
Once your visa is secured, the next step is booking your flight to the US. Flights from Nigeria to major cities in the US, such as New York or Los Angeles, vary in price depending on the season and how early you book your ticket.
● One-way ticket price: $800 to $1,200 (₦1,317,976 to ₦1,976,964)
Booking early can sometimes help you get the lower end of this price range, so it’s worth planning ahead. However, keep in mind that during peak seasons, like the start of the academic year, prices may be higher.
3. Accommodation and Living Expenses
While your scholarship might cover tuition, it’s rare for scholarships to cover all living expenses. Here’s an estimate of what you’ll need to budget for monthly:
● Rent: $500 to $1,200 per month (₦823,735 to ₦1,976,964)
● Utilities: $50 to $100 per month (₦82,373.50 to ₦164,747)
● Groceries: $200 to $400 per month (₦329,494 to ₦658,988)
● Public Transport: $50 to $100 per month (₦82,373.50 to ₦164,747)
In total, you’re looking at a monthly living cost of around $800 to $1,800 (₦1,317,976 to ₦2,965,446). Scholarships often cover part of your living expenses, but any additional costs will need to come out of your pocket, so it’s important to plan accordingly.
4. Health Insurance
In the US, healthcare is expensive and as an international student, you are required to have health insurance. Many universities offer their own health insurance plans, but these can be pricey.
● Annual health insurance: $1,200 to $2,500 (₦1,976,964 to ₦4,118,675)
Some scholarships include health insurance coverage, but if yours doesn’t, you’ll need to budget for this critical expense. Ensure you review the terms of your scholarship to see if this cost is covered.
5. Miscellaneous Costs
You’ll also need to budget for other expenses that come with adjusting to life in the US. These might include:
● Books and study materials: $200 to $1,000 (₦329,494 to ₦1,647,470)
● Clothing and personal items: $300 to $700 (₦494,241 to ₦1,153,229)
● Leisure and social activities: $100 to $300 per month (₦164,747 to ₦494,241)
These expenses are often underestimated, but they add up quickly. Scholarships don’t usually cover leisure activities or personal spending, so it’s important to budget for them ahead of time.
How Scholarships Can Reduce the Cost of Moving to the US
Many Nigerian students mistakenly believe that once they secure a scholarship, all their financial worries are over. While scholarships are invaluable, especially when it comes to covering tuition, many do not cover the full cost of living, visas and travel. This is where careful financial planning becomes crucial.
Full vs. Partial Scholarships
There are two main types of scholarships:
● Full scholarships: Cover tuition, accommodation and sometimes even health insurance and travel costs.
● Partial scholarships: Cover a portion of tuition, leaving you responsible for the remainder of your fees and living expenses.
It’s important to understand exactly what your scholarship covers before making any financial commitments. Some scholarships, especially from private institutions, may also come with stipends to help with living expenses.
Preparing Financially Before You Leave Nigeria
Since not every scholarship covers all expenses, it’s essential to plan ahead. Here are a few tips on how to prepare financially:
● Start saving early: Even if you’re relying on a scholarship, having personal savings will be incredibly helpful in covering additional costs like flights, visas and day-to-day expenses.
● Apply for multiple scholarships: The more scholarships you apply for, the better your chances of securing enough funding to cover your full costs.
● Look for work opportunities: Many student visas allow you to work part-time while studying. Although your earnings might not cover all living expenses, they can significantly reduce your financial burden.
Additional Funding Opportunities for Nigerian Students
In addition to your primary scholarship, there are other ways to fund your studies in the US:
● Grants and bursaries: These are non-repayable funds that can help with living expenses.
● Research assistantships: Some universities offer paid positions to students in exchange for research work. This can cover both tuition and living expenses.
● Part-time jobs: As an international student, you can work up to 20 hours per week during the school year and full-time during vacations.
Taking advantage of these opportunities can significantly reduce the cost of moving to the US on a scholarship.
What Happens If Your Scholarship Doesn’t Cover All Costs?
If your scholarship falls short, don’t panic. There are still a few ways you can manage the cost of moving to the US:
● Education loans: Although borrowing money might seem daunting, many financial institutions offer student loans with low-interest rates specifically designed for international students.
● Family support: Many Nigerian students rely on family members to help with the costs of living in the US, especially in the first few months before securing a job.
● Crowdfunding: In recent years, many students have turned to online platforms to raise money for their education. While this isn’t guaranteed, it’s an option worth exploring.
Budgeting Tips for Nigerian Students Moving to the US
Managing your finances wisely is key to having a stress-free experience as an international student. Here are some budgeting tips to help you:
● Create a detailed budget: Track your income (scholarship stipends, part-time work) and expenses (rent, utilities, food). This will help you avoid overspending.
● Cut unnecessary costs: Consider living with roommates, cooking at home and using public transport to reduce expenses.
● Use student discounts: Many places in the US offer discounts for students. From public transportation to retail stores, always ask if there’s a student discount available.
What You Should Know About Cost of Living in Major US Cities
The cost of living in the US varies significantly depending on where you choose to study. Here’s a snapshot of some major cities:
● New York City: $2,000 – $3,500 per month (₦3,294,940 – ₦5,767,145)
● Los Angeles: $1,500 – $2,500 per month (₦2,470,705 – ₦4,118,675)
● Chicago: $1,200 – $2,000 per month (₦1,976,964 – ₦3,294,940)
● Houston: $1,000 – $1,800 per month (₦1,647,470 – ₦2,965,446)
Choosing a city with a lower cost of living can help make your scholarship go further. For example, cities in the Midwest and Southern US tend to have lower living costs than places like New York or San Francisco.
Moving to the US on a scholarship is an exciting opportunity for Nigerian students, but understanding the costs involved is critical to your success. While scholarships can cover a significant portion of the expenses, there are still costs that you’ll need to shoulder. By being financially prepared and planning ahead, you can make the transition smoother and ensure that you make the most of your scholarship experience.
Frequently Asked Questions
Does my scholarship include health insurance coverage?
Some scholarships do include health insurance coverage, but not all. It’s essential to check the terms of your scholarship to confirm whether or not health insurance is provided. If it’s not included, you will need to budget for this separately, which can cost between $1,200 to $2,500 (₦1,976,964 to ₦4,118,675) annually.
How much should I budget for monthly living expenses in the US?
Living expenses in the US vary depending on the city, but on average, you should budget $800 to $1,800 (₦1,317,976 to ₦2,965,446) per month. This includes rent, utilities, groceries and transportation.
Can I work while studying in the US on a scholarship?
Yes, as an F-1 visa holder, you can work up to 20 hours per week during the school year and full-time during school vacations. However, this income may not be enough to cover all living expenses, so it’s important to plan your finances accordingly.
What cities in the US have the lowest cost of living for students?
Cities in the Midwest and Southern regions of the US, such as Houston, Dallas and Chicago, tend to have lower living costs compared to cities like New York, Los Angeles or San Francisco. Choosing a city with a lower cost of living can help stretch your scholarship funds.
Are there additional funding options if my scholarship doesn’t cover all my costs?
Yes, in addition to your primary scholarship, you can apply for grants, bursaries or research assistantships to help with living expenses. Some students also explore part-time work or student loans with favorable interest rates to cover shortfalls.
What other expenses should I consider when moving to the US on a scholarship?
Aside from tuition, rent and living expenses, you should also budget for books, study materials, clothing and leisure activities. Miscellaneous expenses like personal items and social outings can add up, so it’s important to include them in your budget.
How can I reduce the cost of moving to the US on a scholarship?
You can reduce your expenses by applying for multiple scholarships, living with roommates to lower rent, cooking at home, using public transportation and taking advantage of student discounts. Additionally, booking flights early and seeking part-time work on campus can help ease financial pressure.

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