Students from India, China, Nepal, Brazil, Malaysia, Vietnam, Thailand, and others have preferred Australia as their study-abroad destination. Australia has been named the second-best country thanks to its excellent quality of life by the United Nations. So, if you are willing to study in Australia, you must consider all the costs associated with it while planning the same.
The country is the home for many top-ranked institutions and is known for providing globally ranked qualifications and several scholarships. The country has been preferred by many international students and has all the right resources to help you grow. Presently, the country has more than 384,000 international students from more than 140 countries.
It is important to understand how things work in the country and work on the costs before moving forward with the plan. You must consider all the costs associated with studying in Australia. Students willing to study abroad must consider all the costs, starting with tuition fees to accommodation costs.
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In this comprehensive blog, you will understand the various costs associated with studying in Australia and plan things well for the future.
- Tuition Fee
Tuition fee is the primary expenditure for international students. It depends on the course you want to pursue and on your qualifications. It also depends on the university or school you are applying to. It is one of the crucial elements you must consider while planning your education abroad. Here’s a detailed insight into the cost of studying in Australia:
| Study Program | Average Fees in AUD |
| School | $7,800 – $30,000 annually |
| English language studies | $350 – $450 weekly (varies as per the length of the course) |
| Vocational training and education (Certificates I to IV, Diploma and Advanced Diploma) | $4,500 – $22,000 annually |
| Undergraduate Bachelor’s degree | $15,000 – $35,000 annually |
| Postgraduate Master’s degree | $20,000 – $42,000 annually |
| Doctoral Degree | $20,000 – $42,000 annually (attractive scholarships up to 100% available with living grants if you meet university requirements) |
Your tuition fees will be cheaper if you are willing to pursue courses in humanities, arts, or education. You can prepare yourself and apply for scholarships to cut down on expenses and apply to universities of your choice. Australian universities accept scholarships, and it can be of great help to students willing to study in the country.
- Accommodation costs
The second most important element is the accommodation cost. You must choose a place to stay. International students can look for on-campus residences or choose off-campus residences to stay in the country. You need to know how much it will cost to plan things well. The rents will vary from one city to another. Hence, knowing the details will help you overcome the odds and plan well for a smooth run in the country. Here’s a look into the average expenses based on accommodation types:
| Accommodation type | Expenses (indicative) |
| Hostels and Guesthouses | $90 – $150 per week |
| Shared rental | $95 – $215 per week |
| On-campus | $110 – $280 per week |
| Homestay | $235 – $325 per week |
| Rental | $185 – $440 per week |
| Boarding schools | $11,000 – $22,000 a year |
Studying abroad needs a lot of planning. You cannot ignore the preparations, and it is necessary to know all the parameters to have a perfect plan. Accommodation expenses are one of the major expenses you must consider while making a plan. Australia is one of the preferred destinations for international students. So, if you plan to study in Australia, know all the expenses and prepare well for a better future.
- Cost of student visa
Student visa is another important element that is necessary to study in Australia. There is a cost associated with the same, and you must take that into consideration while planning your finances. A student visa to study in the country will cost you around AUD 606. There are study-abroad consultants who can help you with the process and ensure you have all the documents and a proper application to get the student visa. It is a mandatory document for all students willing to study in the country. Hence, while applying to universities, ensure you have all the documents and a filled application form to apply for student visa.
- Living expenses
Tuition fees, accommodation, and student visas are not the only costs you need to consider while planning your finances to study abroad. You must have an idea about the daily expenses you have to bear. It is equally important to keep track of the expenses to avoid overspending. As per data released by the Australian government, general living expenses will be around $21,041 per year. On that note, here’s a look into the living expenses you must consider while studying in Australia:
| Living expenses | Weekly budget (indicative) |
| Groceries and eating out | $140 – $280 per week |
| Gas, electricity | $10 – $20 per week |
| Phone and internet | $15 – $30 per week |
| Public transport | $30 – $60 per week |
| Car (after purchase) | $150 – $260 per week |
| Entertainment | $80 – $150 per week |
- Additional expenses
The list of expenses is not short. You need to consider all other expenses while planning your finances. So, in addition to all the expenses mentioned here, you will also need to know and pay health support and insurance, know the transportation costs and pay the necessary taxes. International students are allowed to work 20 hours per week during their courses and full-time during vacations. Your income will be taxable, and you need to consider the same while planning your finances.
It is necessary to understand how to save and how much to save. Studying abroad is a costly affair. Australia can be cheaper than other countries, but you should not take things for granted and not plan your finances well. Knowing the costs for studying in Australia will help you plan accordingly and have a smooth run in the country.
Summing up,
Australia is one of the best places for international students and has all the resources to help students get the best education and secure their future. It has some of the globally acclaimed universities and offers courses for students across all levels. Yet, most students step back from applying to universities in Australia, citing financial reasons. So, in order to be fully prepared and live your dream, you must look into all the costs associated with studying in the country and plan your finances accordingly. Consider hiring a study abroad consultancy to help you with the process and apply to the universities of your choice. Ask for help and prepare yourself for a better future.
