The Cost of Studying in Australia

Australia maintains a steady influx of international students, with 440,219 students Intakes in Australia in March 2022, a double-digit growth of 11% compared to last year. These figures not only determine a significant economic shift but also position Australia as the second most popular destination in the world for overseas college applicants after the United States.

Australia has many reasons to draw students from all over the world. Like other countries, Australia has some of the best universities in the world. Constant innovation, outstanding faculty, and quality teaching continue to contribute to the progress of these universities. And While scholarship adds value to the call, it is perhaps the only country that also attracts with its excellent living conditions and the promise of great student life. So how much does it cost to live this life? How much does schooling cost in Australia?

International Students’ Annual Tuition in Australia

Annual tuition fees for a Bachelors in Australia average between AUD 9,000 and 50,000, and a MBA in Australia or MS in Australia, between AUD 9,000 and AUD 54. 000.

The cost of studying at the best universities in Australia is shown in the table below:

Indian students who want to better manage their fees may apply for student loans from:

• State Bank of India and Bank of Baroda are examples of nationalised banks.
• Private banks, including Kotak Mahindra Bank, Axis Bank, and HDFC Bank.
• NBFCs (non-bank financial institutions), such as HDFC Credila, EduFund, etc.

However, the loan amount, collateral, interest rate, and other features differ based on the loan provider, length, and other variables. NCC Global Study abroad consultants in Chandigarh will help you with any doubts.

Student commuting costs in Australia

To understand the cost of attending in Australia, you need to understand the pre-arrival costs and the cost of living in Australia.

Pre-arrival costs:

This works out to about AUD 3,000. Pre-arrival costs include airfare, standardized exam fees, university application fees, and visa fees.

Cost of living in Australia:

The cost of living in Australia for international students depends on factors such as the location of your accommodation, your commute, and your dietary preferences. Students who know the average cost of studying in Australia can plan their finances. The best way to keep your living costs to a minimum is to choose a shared apartment or short-term accommodation.

Therefore, an Australian student’s annual cost of living is A$35,000. Includes accommodation, groceries, transportation, internet, and other miscellaneous expenses.

Side jobs and taxes for international students in Australia

An Australian student visa allows international students to work 20 hours a week while studying and full-time during semester breaks. Not only does this reduce the cost of university in Australia, but it also helps with the experience of working abroad. However, students’ part-time job income is taxable. You will need to obtain a Taxpayer Number (TFN). Applications for TFN must be submitted online through the official website. All income over AUD 18,200 is taxable.

Below are some control panels.

• AUD 18,201 – 45,000 – 19%
• Basic range: AUD 44,001–121,000–AUD 6,092, plus a 33.5% levy on income exceeding AUD 45,000.

Here are a few well-liked possibilities for part-time employment in Australia:

• Tutoring.
• Food services: bartenders, servers, and kitchen personnel.
• office manager
• Contact centers for customers.

Scholarships and Grants for Studying in Australia

There are many scholarships and grants for international students wishing to study in Australia. The Australian government, institutes of higher learning, and other public or private organisations are among primary providers.

Each scholarship provider is responsible for setting its application criteria, but most financial aid opportunities are open to all international students. Visit the official Study in Australia website for a complete list of scholarships.

Scholarship Example:

Australian Awards:

Australian government-funded scholarships and grants that cover tuition, travel, and part of your monthly living expenses.

Australia APEC Women in Research Fellowship Program:

provides financial support to female researchers in her APEC economy seeking to conduct research programs in partnership with Australian universities.

Destination Australia Program (DAP):

is an Australian government-funded mobility program that encourages both local and international students to enroll in regional Australian academic institutions.
The Studyportals Scholarship can also be used to help fund your studies abroad.