HSBC’s report on study abroad expenditure suggests that Australia is the most expensive country for education among international students. The survey, conducted on around 13 education destinations, found that the average expenses on education in Australia is USD42,093. However, that has not stopped international students from flocking to the country to pursue higher education.
One of the main reasons for such a high number are the massive scholarships that the Australian government provides to international students. The government offers around $300 million in scholarships every year.
Also, the government allows international students with student visa to work in the country both during and after study with few restrictions.
However, as a student you will have to cover the initial expenses of studying and living in the country which includes tuition fee as well as maintenance expenses in the country.
Here, we will give you a break-up of various expenses that a student can incur while pursuing education in the country.
While the costs of studying in Australia depend on the institution and the level of study you choose, according to Study in Australia as well as Austrade, the average tuition fee for different levels of study is as follows:
Undergraduate Degree - $15,000 to $33,000
Postgraduate Degree - $20,000 to $37,000
While the tuition fee for doctoral courses is between $14,000 to $37,000, that for vocational courses can be anywhere between $4000 to $20000.
However, for programmes such as medicine or veterinary, the cost of education is more than the usual average courses fees at around $60,000 for international students.
It should be noted, that in most cases, the universities only publish the estimates of the tuition fees. Tuition fee in Australia is not calculated on the basis of the course or qualification but on the basis of units per course.A unit may be defined as a subject in terms of education in Australia. Given the flexibility that students can enjoy while choosing their subjects, the fee is mainly determined on the subjects or units they opt for. Hence, it is possible that in most cases, the fee varies from student to student.
The cost of living in Australia will also depend on the kind of accommodation you choose. Usually, students can choose from wide variety of housing options but there are a few that can be availed within a budget.
Hostels:Hostels are one of the preferred and cheap accommodations for students in Australia. According to Study in Australia, hostels across Australia charge AUD $80 to $135 per week.
On Campus: The on campus expenses of a student depend on the facilities that the university provides. On campus residences are feasible for international students as they are located within the university campus and hence relieves the student of additional expenses on travel and living. Rooms could cost around $150 to $250 per week.
Rental: You can also take a property on rent or lease. In many cases, students from within the campus put up notices for roommates. You can either refer to that or contact the accommodation office of the university which usually contacts students with each other. Tenants are, generally, required to sign an agreement for 6 to 12 months.The average charge for such accommodations could be $250 to $400 per week.
Homestay: You can also explore stay at home accommodation facility at many parts in Australia. Such Homestay facilities are usually available near the universities. In a homestay accommodation, the student stays at an Australian residence by paying around $250.
Besides tuition and accommodation charges, there are a host of miscellaneous expenses that an international student studying in Australia has to incur. According to Charles Stuart University, an international student has to spend an average of around $1550 monthly or $390-$400 per week in Australia on food, clothing, accommodation, transport and other sundry expenses. According to the HSBC report, the annual cost of living in Australia is around USD13,140. This could include expenses :
Transport-Around AUD$50 per week.
Telephone and internet charges:AUD$50 per week
Electricity-AUD$50 to $100 per week.
Food and entertainment-AUD$100 to $200
Minimum fund to study and live in Australia:
The Australian Department of Immigration and Border Protection have set a minimum amount that international students should have in order to get a student visa. While the minimum amount is AUD$18, 610 for the student, it is $6,515 for the student’s spouse.If the student has children, the minimum required funds are $3,720 for the first child while it is $2,790 for every other child of the student.
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