How to pay for studying in New Zealand?
How do international students remit money? Generally, there are two ways to remit money, one is directly to your local bank account, and the other is through a financial company. Direct remittance to a bank account means that parents buy New Zealand dollars in domestic banks and then remit them to your New Zealand account. If you can't buy NZD, the usual practice is to buy US dollars and remit them to your account. The Bank of New Zealand will automatically convert it into the corresponding New Zealand dollar according to the exchange rate at that time. In other words, your New Zealand account will only show New Zealand dollars.
Another way is through financial companies. Many financial companies in New Zealand have foreign exchange business, and the exchange rate they offer will be slightly lower than the bank and market prices. In other words, you can exchange the same RMB for more New Zealand dollars. These exchanges will set up branches in urban areas, similar to the windows of banks. You remit RMB to their country's account, and then they will give you NZD in cash or by transfer after confirming that the money has arrived.
Handling of Special Account for Studying in New Zealand
A special account for studying in New Zealand, which is convenient for parents to supervise their children's use of funds in New Zealand; Compared with other existing methods, it is easier to prove the financial ability of students' families; Help visa officers to assess whether students have enough financial ability to pay tuition and living expenses for studying abroad. Usually, students must submit a series of materials to prove their family's financial situation, and the visa officer will carefully evaluate and verify all the materials submitted.
Student applicants deposit their tuition fees in a special account in China. If the application is approved, part of the funds under this account will be remitted to a specific educational institution in New Zealand to pay tuition fees, and part will be remitted to the student's personal account opened in the Bank of New Zealand as living expenses. The Bank of New Zealand manages this account through a fixed monthly loan for students to pay their living expenses in New Zealand.
Tuition for studying in New Zealand
1. Secondary school: The cost of studying in New Zealand is generally between NZ $8,000 and NZ $20,000. Private schools charge higher fees, and public middle schools charge about NZ $8,000-10,000 a year.
2. Language schools: Different schools have different tuition fees. The average weekly cost of intensive English courses is about NZ $ 250-350.
3. University Humanities: Tuition fees range from 12000 to NZD 20,000. Tuition fees for laboratory-related courses such as science, engineering and agricultural science range from S $65,438+04,000 to S $25,000 per year.
4. Higher Institute of Technology: the tuition fee is between 8000- 16000 New Zealand dollars; The annual tuition fee for engineering courses is between 10000-20000 NZD.