Ananth: ditto what krampus said. there are a lot of variables. For instance, I'll use my own situation as an example. I work two jobs and live at home with my mom. My main job brings in about $1000 a month, and the second job between $300 - $400 a month, so a total of $1300 - 1400. My tuition a semester is $2600, and then parking and books and it comes out to almost $3000 a semester. That's basically three months of work for me.
How I see it, you basically need to earn at least $10/hr and work at least 30 hours a week to be able to live independently and be able to manage rent, food, and other bills. this isn't including school stuff.
I got a 20,000$ waiver on my tuition fee, which could possibly be upped as I'd mentioned earlier. Earning anywhere close to 14000-15000 USD a year will no doubt be very helpful as I could then take care of a chunk of the expense. A rough estimate from one of my counsellors, places the entire cost to be roughly about 90000$, though this is being verified.
And these jobs are something along the lines of campus jobs? As in, are relatively secure and assured if you work towards it, and international bias plays no part? This will greatly benefit my case if I can earn anything close to that much, though I'd never given it a thought beyond making some money beyond blowing it up.
You're paying for your education? I'm assuming you mentioned the 30 hour/week schedule if I were to pay for the whole thing on my own ? I'm not allowed to do that either, my folks have to show a certain solvency and to place a significant amount in an account, which rules out the possibility of starting from scratch.
As far as student loans go, it's sad, but they've become kind of the norm for most college students. that being said, student loans have some of the best interest rates and rules (from what I've heard) when compared to other kinds of loans. You just have to take into consideration your means and what field you'll be going into. For instance, my sister went to Notre Dame for four years and did her MBA at San Diego State University, and racked up quite a bit in loans, but she's going into a more lucrative field than I am. Though your status as an international student makes things a bit different.
Methinks this isn't possible now, at least I don't want to take the risk. My degree might be kinda lucrative in the long run, but I was interested in doing post-grad as well, and I guess it won't but if this economic crisis persists, I might get screwed over.
I'm sure the uni you'll be going to willl have a Financial Aid office, go there, set up an appointment and talk with somebody one-on-one (or at least over the phone if you can't exactly leave India right now). they're the people you'll want to talk to. As an international student, your fees will be a bit higher most likely, so take that into consideration.
Do tons of research. There are loads of scholarships, grants and all sorts of other things to help students out and give them money to go to school. But your best bet would probably be to contact a financial aid person at the campus
@ Krampus - My needs are pretty much minimal. I'll be making my own food to cut costs, as most Indian kids do. And will be placed in university housing for the first year at least, and that is very inexpensive. Going out, I haven't been doing that much lately but I guess a major part of my entertainment expenses will go towards concert tickets. I drink maybe once or twice a week and eating out won't be too often I guess.
With regards to sketchy neighbourhoods, I'm fine with that to be honest, though my parents will be ridiculously apprehensive and for sure won't approve of that.
Thanks a lot for your help guys, that actually has enlightened me about my options and has given me a sense of security financially.