Public universities in Mexico can charge as little as $378 up to $818 per year for undergraduate programs, while private institutions will charge considerably more, between $1,636 and $16,353 per year. Living costs are fairly low in Mexico.Public universities in Mexico can charge as little as $378 up to $818 per year for undergraduate programs, while private institutions will charge considerably more, between $1,636 and $16,353 per year. Living costs are fairly low in Mexico.