What is the cost of studying in Singapore?
Updated on Apr 26, 2016 - 12:15 p.m. IST by Bedasree Das
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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:

Institute

Tuition Fee range (approx)

 

Coursework

Research

National University of Singapore

S$32,000- S$72,000

S$26,000- S$43,000

Nanyang Technological University

S$28,000- S$75,000

S$24,000

Singapore Management University

S$38,000- S$64,000

S$33,000

SIM University

S$25,000- S$39,000

S$25,000

Singapore University of Technology and Design

-

S$39,964

Accommodation:

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.

Living expenses:

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.

Expense item

Cost (S$)

Food

S$300

Transportation

$100 to S$250

Books and stationery

S$200

Personal expenses

S$300

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.

 

Singapore

Institute

Duration

Fees(Singapore $)

National University of Singapore

17 months

$62,000

Nanyang Technological University

12 months

$ 55,000

Singapore Management University

12 months

$ 62,209.80

SIM University

18 months

$39,547.20

INSEAD

10 months

$97893

USA

Institute

Duration

Fees (US$)

Stanford University

24 months

117,960

University of Chicago

Booth School of Business

21 months

116,969

Harvard

21 months

126,576

University of Pennsylvania

Wharton School

20 months

116,762

Northwestern University

Kellogg School of Management

 12/24 months

116,085

Australia

Institute

Duration

Fees (AUS $)

Melbourne Business School, The University of Melbourne

12  months

$81,400

AGSM MBA, University of New South Wales

16 months

$75,840

College of Business and Economics, Australian National University ANU

24 months

$34,800(annual)

La Trobe Business School, La Trobe University

12/24 months

$32 860

Monash Business School, Monash University

24 months

$65,400

Funds

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