What Does it Cost to Study in Australia?

by Ragini Sharma Study Abroad Consultant

Are you planning to study in Australia?

If yes, then this guide will surely help you in outlining the cost of education in terms of tuition fees, accommodation for the yearly span, lifestyle for you.

Let us first start with the price of studying at a university in Australia. As one of the most important things to consider is how much everything is going to cost as financial credibility is an essential thing if you are interested in studying in Australia. To ensure that you have everything covered regarding the finances before getting into how to get admission in Australia, we have developed a guide that breaks down the cost of every aspect of university life.

Tuition Fees

Just like the UK and the US, Australia is also one of the most popular destinations for university study, but the best part is unlike those two, Australia is comparatively less expensive. $20,000 and $45,000 is the tuition fees tentatively of any undergraduate student that last between three and four years in Australia. Whereas $22,000 – 50,000 is what a master’s degree costs.

Fees in Australia rather than per year are generally calculated per unit. all students will be paying varying amounts each year as most students will be studying a combination of units from different bands where each unit falls into a different band and costing.

As it is commonly known that domestic students pay far less to study than international students, the same is the case with Australia like many other countries. The government caps the contributions demanded from domestic students and are subsidized eventually. Higher Education Loan Program is yet another thing for which many students are eligible.

Accommodation Costs

Depending on the type and region accommodation costs vary. In the western and northern Australian states, the more rural regions will be much cheaper, whereas for example around Sydney more urban areas, will cost more, particularly if you are downtown. $440 – 1,100 per month is the on-campus accommodation whereas $450 – 1,200 per month for a homestay and $380 – 850 per month for shared rental accommodation. The majority of the list of universities in Australia for international students provides accommodation.

Other essential student costs

Some of the utility costs might be included in the rented accommodation. If they are not, $50-100 per month is the average gas and electricity bill, the internet is $70-120, and $50 per month is the equivalent of a council tax bill for water, sewerage, waste management split between tenants.
Applicants will need to prove they have $21,041 per year in order to obtain a visa for studying in Australia for living costs alone that will cover one to two years. $620 is the cost of Student Visas. Certain types prohibit students from working while they study in Australia, so it is always better to check the terms of a student visa.
Overseas Student Health Cover (OSHC) is a mandatory thing to have as an international student which generally costs $438 for an undergraduate student for three years. However, based on the cover that students take out, this will vary across the providers.
There is a possibility that students will be charged a non-academic fee on top of their tuition fees that funds services and support programs that can be used by all students called the Student Services and Amenities Fee (SSAF). This is generally $308 and varies by university and region, every academic year.
Return airfare to your home country at the end of the period of study needs to be booked.
$500-1,000 per year is a budget for books and academic supplies.

This is an overall estimation of the expenditure to pursue higher education in Australia. You can contact the study abroad consultants online to get entire information related to the admission process, visa norms, cost, loan, scholarships, etc in one go.

Good Luck!