Pursuing studies in Australia can be expensive. However, if you plan your budget smartly, you can manage your finances effectively. Basically, the cost of studying in Australia depends on many factors, such as your preferred field of study, type of program or qualification, and the selected university. Nonetheless, the cost may vary considering there are many universities that offer different programs at different charges. Hence, it is important to research before taking a step forward. Speak with the Shuraa Education counselor to get an estimated cost of studying in Australia.
2. How Much
Does It Cost
To Study In
Australia?
Studying abroad can be expensive, but
planning your budget smartly can help you
manage your finances effectively. Before you
depart from India, consider expenses like
tuition fees, accommodation, health coverage,
travel, and food when calculating the
estimated cost of studying in Australia. This
will assist you in more efficiently planning your
budget.
You should know all the costs when
considering Australia as your study
destination. So, the factors that can help you
plan and align your monetary budget well. To
help you get started, this blog covers
everything you need to know about the cost
of studying in Australia.
3. Australia is undoubtedly one of the most significant places for foreign students, with
seven universities placing among the top 100 in the QS World University Rankings
2023. The Group of Eight (Go8), a group of renowned research-intensive Australian
institutions, has elevated Australia to the top of the list of nations offering high-
quality higher education.
The exemplary education system, global reputation, vibrant cities, impressive
technologies, stable economy, and quality lifestyle make Australia a sought-after
international student education destination. As a developed country, the cost of
study in Australia is relatively higher than in most countries globally. This cost,
however, fluctuates based on the study programme chosen and the cost of living in
Australia for overseas students. So, if you’re wondering how much it costs to study
in Australia, read on to know the details.
Australia’s Allure as an International Student Hub
4. Why Choose Australia as your Study Destination?
Indian students should consider Australia as a prime overseas education destination due to
several compelling reasons. Firstly, the cost of studying in Australia is relatively affordable
compared to other popular study abroad destinations. Australia offers a wide range of
educational institutions, including prestigious universities and colleges, with various scholarship
programs and funding options. This makes pursuing higher education in Australia financially
feasible for many Indian students. The country also has a reputation for providing quality
education, ensuring that students receive excellent value for their investment in terms of
knowledge and skills gained.
Secondly, Australia provides a multicultural and inclusive environment that welcomes
international students with open arms. The country is known for its diverse society, which fosters
a sense of belonging and encourages cross-cultural interactions. Indian students can expect a
warm and friendly atmosphere, making it easier for them to adjust and immerse themselves in a
new environment. This exposure to different cultures and perspectives enriches their educational
experience and broadens their global outlook.
In summary, the cost of studying in Australia, combined with its reputation for quality education
and multicultural environment, makes it an attractive choice for Indian students seeking an
enriching and affordable study abroad experience.
5. What are the Factors that Determine the
Total Expenses To Study In Australia?
There are several cost factors to consider when determining what is the cost of studying in Australia for Indian students. All
of the associated expenditures, from applying to universities to landing in Australia, are significant. To give you a clearer
picture, below are the main aspects that influence the overall cost of studying in Australia for international students:
Cost of Studying in Australia
The cost of studying in Australia is a crucial aspect to consider for prospective international students. Among the significant
components contributing to the overall cost, tuition fees hold paramount importance. The specific amount of tuition fees
varies depending on the university and the chosen course of study. It is essential to note that tuition fees in Australia are
typically required to be paid on a yearly basis, although certain institutions may offer the flexibility of semester-wise
payments.
Apart from tuition fees, there are other study costs that students need to factor in while planning their budget.
Accommodation expenses play a significant role, and the options range from on-campus dormitories and shared
apartments to off-campus rental properties. The cost of accommodation will depend on factors such as location, type of
accommodation, and facilities provided.
Another expense to consider is living costs, which include day-to-day expenses like groceries, transportation, utilities, and
personal expenses. It is advisable for students to create a realistic budget to manage their finances effectively and ensure a
comfortable lifestyle while studying in Australia.
6. Living Expenses
Living expenses are an essential component to consider when calculating the overall cost of studying in
Australia. As an international student, you can expect to spend an average of 20,000 AUD per year on your
living expenses. However, it’s important to note that the exact amount may vary depending on individual
choices and preferences, as well as factors such as the location of your residence, type of accommodation,
and personal spending habits.
Housing expenses constitute a significant portion of the living costs. The rental prices in Australia differ
across cities and regions, with major metropolitan areas generally having higher rents compared to smaller
towns. Students often have a variety of options for accommodation, ranging from university-managed
dormitories and shared apartments to private rentals. The choice you make will impact your overall living
expenses.
In addition to housing, grocery expenses also play a crucial role. Cooking meals at home can be a cost-
effective option, and most educational institutions offer student discounts at nearby supermarkets.
However, if you prefer eating out or enjoying restaurant dining occasionally, it will contribute to your
overall expenses. It is advisable to plan a budget and balance your grocery shopping and dining out choices
accordingly.
7. Other Essential Costs
Apart from the above, there is a range of another essential cost of studying in Australia for international
students. Here are the essential ones:
Student Visa
Obtaining an Australian student visa i.e Subclass 500 visa is an essential requirement for Indian students aspiring to
study at any university in the country. The student visa serves as a legal permission that allows individuals to pursue
their academic endeavors in Australia. While pursuing this visa, it is important to be aware of the associated costs and
requirements.
Health Insurance
Health insurance is a crucial aspect for international students planning to study in Australia. As per Australian
regulations, it is mandatory for all international students to possess adequate health insurance coverage throughout
their stay in the country. The recommended type of health insurance for students is the Overseas Student Health Cover
(OSHC), which provides comprehensive medical services and safeguards against any unexpected medical expenses.
The cost of obtaining health insurance through OSHC can vary depending on various factors, such as the duration of the
student’s course, their age, and the level of coverage required. The price range for OSHC can span from 609 AUD to
3,438 AUD per year, depending on the chosen insurance provider and the extent of coverage desired.
8. Sufficient Fund Proof
When applying to study in Australia, one important aspect that Indian students need to consider is providing proof of
sufficient funds. This requirement serves as an assurance to the Australian authorities that students have the financial
means to cover their study and living expenses during their time in the country. By demonstrating financial stability,
students can alleviate any concerns regarding their ability to meet the financial demands of studying abroad.
The Australian government has set a minimum requirement of 20,290 AUD per year as proof of funds. This amount takes
into account the cost of tuition fees, accommodation, health insurance, textbooks, and other necessary expenses. It is
essential for Indian students to carefully plan and allocate their funds to meet this requirement.
Application Fee Payment
When applying to universities in Australia, it is common for most institutions to require an application fee. This fee is
intended to cover the administrative costs associated with the admission processes. The cost of application fees for
Australian universities typically amounts to AUD 133. This fee serves as a necessary step in the application process and is
non-refundable, regardless of the outcome of the application.
It is important for Indian students considering studying in Australia to be aware of the application fee and factor it into
their budget planning. While AUD 133 may seem like an additional expense, it is a relatively small investment compared to
the overall cost of education in Australia and the potential benefits of studying in Australia. Therefore, students should
view the application fee as an essential part of the application process and prioritize its payment to proceed with their
desired educational journey.
9. IELTS Registration Fee 286 AUD- 319 AUD (INR 14,833to INR 16,536)
TOEFL Registration Fee 212 AUD- 332 AUD (INR 10,989 To INR 17,210)
GMAT Fee 272 AUD (INR 14,105)
GRE Fee 332 AUD (INR 17,210)
Delhi To Australia (One-Way) 41,000 INR – 75,000 INR
Bangalore To Australia (One-Way) 34,000 INR- 65,000 INR
Mumbai To Australia (One-Way) 36,000 INR- 84,000 INR
Pre-Arrival Cost Of Studying In Australia
Following are the expenses that will occur before you land in Australia:
Entrance Exams
Flight Tickets
10. Post-Arrival Cost Of Studying In Australia
Your tuition fee spending is determined by the type of qualification and the institution or school you choose. Degrees
in veterinary science and medicine, for example, are much more expensive than other degrees in Australia. In tertiary
institutions, the average cost of education in Australia ranges between AUD 20,000 and AUD 30,000 a year.
Following are the Post-Arrival Cost Of Studying In Australia:
Tuition Fee is Your Prime Expenditure
Accommodation Costs
Most Australian institutions provide on-campus housing for overseas students. You can also choose off-campus
housing, where you can share flats with other Indian students or stay with an Australian family. Rent is normally paid
in advance every two weeks. Remember that rental prices vary by city.
Living Expenses
You should set aside some money for grocery shopping, social activities, and emergencies. When studying in a foreign
country, it is vital to keep track of your expenses so that you do not overspend. The Australian Government estimates
that general living expenditures total $21,041 per year. Given your living circumstances and personal preferences, an
international student will spend between $20,000 and $27,000 each year.
11. Indian students in Australia are unable to work unless they have a Tax File Number (TFN). You may work 20 hours
per week during academic sessions and full-time during holidays using this. If you choose to work while studying,
your earnings will be taxed.
Keep in mind that currency changes might have an influence on your budget. So, we advise you to search for part-
time jobs or apply for scholarships at the educational institutions to which you are applying. This can significantly
reduce your expenses for studying abroad.
Don’t ignore your taxes
So, the Annual tuition rates for a bachelor’s degree in Australia can range from AUD 9,000 to AUD 50,000, with the
option of finding a low cost university in Australia. Similarly, depending on the university and programme, the
cost of a master’s degree in Australia can range from AUD 9,000 to AUD 54,000.
Annual Tuition Fees in Australia for International Students
12. Australia has recently made headlines for its educational advancement. So, for the ease
of every overseas student, the country has supplied several alternatives for institutions,
courses, teaching styles, and prices. Now that you know how much it costs to study in
Australia, you can concentrate on your academic options. So, choosing the proper
academics in Australia is important, which is why obtaining expert advice to make an
informed decision is preferable. So, to help you well Shuraa Education counsellors are
available right now. For further information or inquiries, you can contact Shuraa
Education at info@shuraaeducation.com or reach out to us directly at +91 9319998924.
Wrapping Up….