what is the Cost of Studying in Australia?

The island country Australia attracts more and more international students from all around the globe. Some of the top universities and colleges in the world are located in Australia and thus, Australia is becoming the new favourite among students. The Australian education system is another factor that adds to its attractability. Owing to its proximity to the Indian sub-continent, Indians student prefer to study in Australia rather than the western countries. 

Australia ranks amongst the top 10 in the Human Development Index as well as the Quality of Life Index. In simple words, a developed nation, Australia is amongst the top countries of the world in terms of its education system, the GDP and purchasing power parity indexes. With a high level of incomes, it also enjoys a high level of health awareness, an excellent medical system as well as a politically stable economy.

But as a student, these are hardly the indices you would wish to worry about. What matters is how much it would cost to stay in Australia. So, here’s the above jargon simplified to numbers per month.

* Basic Amenities include your food/ grocery bills.

These figures, however, talk about the basics and would vary from university to university as well as the style of living you wish to maintain. If you would rather wish to stay in an independent accommodation or alternatively, your university does not have a hostel facility (though rare), then you would end up spending anywhere between AUD 1000 – AUD 1750 for a single room unit. Also, the level of expense may vary considerably for entertainment. If you are an exploring kind and would rather spend your weekend exploring the magnificent outback, the monthly expenses can rough denote to your weekly expenses as well.

So in all, it depends on how you wish to live. There’s a lot to spend on in Australia…but you need not to despair. You can always earn that extra amount to make your stay worthwhile.

Your expenditure on tuition fee depends on the type of qualification and the university or school you opt for. Mostly The below list gives you the brief of the cost for different types of qualification:

• Undergraduate Bachelor Degree - $20,000 to $45,000
• Postgraduate Master’s Degree - $22,000 to $50,000

Most universities in Australia offer on-campus residence facilities to international students. You can also opt for off-campus accommodation:

• Homestay: 450 – 1,200 AUD/month
• Student halls of residence: 440 – 1,100 AUD/month
• Rent an apartment: 750 – 1,700 AUD/month
• Share a rented apartment/house: 380 – 850 AUD/month

You need to keep an extra money aside for your living expenses, transportation and emergencies. When living in a foreign country as a student, it is better to keep track of your expenditures so that you do not overspend.