Cost of studying in Singapore - Being the financial hub of Asia, Singapore offers quality education through a number of widely known international universities. While the City- state does offer ample opportunities in terms of grants to international students, a degree from a university in Singapore can be quite expensive. According to an HSBC report published in 2014, Singapore is the second most expensive country for international students after Australia. The annual university fees of Singaporean colleges can be as much as 26, 000 Singapore Dollars annually.
However, the cost of education differs in accordance to the level of study. Here is the average cost of study for an international student:
Diplomas- 1 - 2 years: Around S$8000 - S$15000
Bachelors- 2-4 years: Around S$24,000- S$40,000
Masters- 1- 1.5 years: Cost- S$ 18,000- S$30,000
Given the high fees at the universities and colleges, the Singapore government established skill-based institutes for students at much subsidised fees’.
Masters programme fee range for top 5 universities in Singapore:
Tuition Fee range (approx)
National University of Singapore
Nanyang Technological University
Singapore Management University
Singapore University of Technology and Design
International students in Singapore have the option of putting up in university hostels, renting private accommodations or government housing. Private hostels both within and outside the campus are also available for students.
Here are some of the accommodations that you can explore in Singapore:
University hostels: Most of the universities in Singapore provide hostel facilities for international students. For securing a hostel accommodation, students have to indicate the same in the application form. However, whether or not you will get accommodation depends on the availability in the university hostels.
University hostels, usually, charge somewhere between S$200-S$700 depending on the type of room the student opts for. The room accommodation, generally, does not include meal.
Rent: International students who do not get or opt not to stay at the university hostels can also explore flats on rent. Usually, rented rooms are available for students in the areas surrounding the university. Rented rooms cost around S$800- S$2,000.
Off- campus hostels or PGs: There are many off-campus hostels available for international students in Singapore. Off-campus hostels can charge a bit higher than campus hostels and the cost varies depending on the facilities offered by the hostel. You should expect to spend more than S$400 monthly.
Housing Development Board (HDB) flats: One of the special opportunities of housing in Singapore for international students are the HDB flats. HDB flats are cheap alternatives to private rooms. However, the locations of these flats might not always be feasible for international students who would otherwise prefer accommodations near the university. Rent for HBDs ranges from S$250 –S$1000 monthly.
Homestays: International students can also opt for homestays in Singapore. Many families who reside near the campuses offer homestay facilities to students in return for a monthly compensation. Cost for homestays can vary between S$900- S$2000 which includes meals and a room.
Singapore is one of the most expensive countries in Asia in terms of living standard. The HSBC report puts the country living cost at nearly S$28000 per annum making it the second most expensive country for international students. Of course, living costs depend entirely on the student and the facilities. Common expenses in Singapore may be:
Food: Usually, the monthly cost for meals can be around S$300 for international students in Singapore. It is better for students to go for accommodations where meals are included as eating outside everyday could put a heavy burden on their pocket.
Transport: Singapore has a very effective public transportation system which is quite cheap. Transportation can cost students around S$100 to S$250 monthly.
Personal expenses: Besides food and transport, students also have personal expenses that they have to take care of while living in a foreign country. It is advisable to keep around S$300 to meet one's personal expenses in Singapore.
Books and Stationary: While many universities provide materials for study and also have libraries, students are still required to refer to books and stationeries beyond the campus as is the case with any university around the world. Keep at least S$200 to take care of such expenses.
$100 to S$250
Books and stationery
Comparison of MBA tuition fee between USA, Australia and Singapore
Singapore is most popular for its management programmes. In the past few years, this Asian country has been giving competition to management school magnets like the USA or Australia. Here we have a comparison of the tuition fees for top MBA colleges in the USA, Australia and Singapore to give you a clear view of the costs involved.
University of Chicago
Booth School of Business
University of Pennsylvania
Kellogg School of Management
Fees (AUS $)
Melbourne Business School, The University of Melbourne
AGSM MBA, University of New South Wales
College of Business and Economics, Australian National University ANU
La Trobe Business School, La Trobe University
Monash Business School, Monash University
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