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Cost of Studying in Australia

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:

University QS WUR 2023 Top Courses Fees (annual in AUD)
Australian National University (ANU) 30 Applied Data Analytics Master’s, Master’s, Bachelor of Philosophy (Hons) Science, and Museum and Heritage Studies, Electrical Engineering Master’s $47,000-48,000
The University of Melbourne 33 Agriculture Bachelor’s, Architectural Engineering Master’s, and Business Analytics Master’s degrees $44,000-47,000
The University of Sydney 41 Bachelor of Science in Health Science, MBA, Master of Engineering in Software Engineering, and Bachelor of Economics $51,000-54,000
The University of New South Wales (UNSW) 45 Master of Mining Engineering; Bachelor of Science (Advanced Mathematics); Bachelor of Engineering (Hons) (Mechanical); Bachelor of Engineering (Mechanical & Manufacturing) $9,000-11,000
The University of Queensland 50 Bachelor of Health, Sport, & Physical Science; Masters of Hospitality, Hotel & Event Management $2,800-3,500/credit
Monash University 57 undergraduate degrees in architecture, information technology, data science, and advanced healthcare $36,000-45,000
The University of Western Australia (UWA) 90 Master of Professional Engineers, Bachelor of Scientific Research, Master of Biological Science and Master of Bioengineering $8,000
The University of Adelaide 109 Master of Petroleum Engineering, Bachelor of Nursing, Master of Engineering (Mining), Bachelor of Oral Health. $44,000-47,000
University of Technology Sydney 137 Bachelor of Business, Economics, Accounting, Master of Artificial Intelligence, and Master of Physiotherapy degrees are also available. $1,356 per credit
University of Wollongong (UOW) 185 Bachelor of Science (Chemistry); Bachelor of Mathematics; Bachelor of Computer Science; Master of Public Health; Master of Psychology; MBA $15,000/semester-16,000

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.

Education Loan for Study in Australia

International student loan is a great option to consider if you are considering studying abroad. Flexible repayment is the biggest merit because it is a loan exclusively for international students. The amount is sufficient to pay for the program, and repayments are made over some time. We also offer convenient options such as refunds after completion. In most cases, international student loans are provided by private entities.

Cost of living in Australia

The cost of living in Australia is high, and the average monthly cost usually depends on the city you live in. The most expensive city is Sydney. Students should set a budget of AUD 2,000-2,500 to cover living expenses.

Australian accommodation for students

Australian accommodation for students

  • Home Stays – 500-1,000 AUD per month
  • Student Halls – 300-1,000 AUD per month
  • Guest Houses – 300-600 AUD per month
  • Apartments – about 2,000 AUD per month

Grocery costs in Australia

Australia is home to culinary diversity, and its restaurant scene is one of the most diverse in the world. For students, eating out at a small cafe or restaurant can cost anywhere from $20 to $80.

Australian transport

Travel costs should also be considered when calculating the total cost of studying in Australia. Most Australian universities offer private university transfer services for students who live far away or wish to stay longer. International students enrolled in the ACTION program have access to free transportation from the central government. Also, some states, such as Queensland and Melbourne, have reduced travel costs for international students.

For students, public transit passes cost between $30 and $70. Fitness buffs and outdoor students can rent bikes for just AUD$40. Most Australian cities are bike friendly.

Additional Costs and Savings

Students can expect to spend a lot of money on textbooks and materials, but these are usually one-time costs, costing around A$500-1,000 per year. Many stores on and around campus usually sell books at discounted prices to help students save money. Purchasing health insurance is also quite expensive, but it is a worthwhile investment, at only A$25-30 per month.

How can NCC Global assist you for studying in Australia?

It may be intimidating to consider all of this information at once. We comprehend. A visa application involves much tiny information and omitting one can have significant repercussions. And believe us when we say that losing your visa after working hard to get into your dream university hurts. So it would be best to avoid mishaps and schedule a call with us immediately. NCC Global is one of the best study abroad consultants in India. We will be at your disposal, from applying to colleges to assisting you with your departure once your visa has been accepted! You can trust us because we are among Chandigarh’s most excellent consultants for international education.

Frequently Asked Questions

Q1. What is the cost of attending school in Australia?

Australian university tuition costs vary widely by program, university, and location. The average tuition fee for undergraduates is AUD$34,000 per year. AUD$26,000 per year for graduate students.

Q2. Is education in Australia free?

Australia has public and private academic institutions. Public universities are cheaper than private universities. International students can also apply for scholarships to help cope with Australia’s high tuition fees. However, education in Australia is not free.

Q3. What is the cost of studying abroad from India to Australia?

A: The average cost of studying in Australia for Indian students ranges from £15,000 to £20,000.

Q4. In Australia, how much money can students make?

A: The national minimum wage in Australia is A$20.33 per hour. International students can earn a minimum of AUD 406 per week.

Q5. How much can Indians save in Australia?

A: One student’s average cost of living in Australia ranges from A$500 to A$1,000 per month for her, excluding rent. However, you can save a lot of money by sharing amenities and using them wisely.

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