If you are a self-financing student from outside the European Economic Area, it is important to note that the immigration authorities will demand that a deposit is made (some months before the start of every school year) before they issue a student residence permit. The required sum is NOK 94,400 (2013 figure). The required sum is the same as the estimated living expenses for an academic year (10 months).
Living expenses in Norway are quite high compared to most other countries.The estimated living expenses for an academic year are NOK 94,400 (2013 figure). However, it is possible to live on less.