Understanding the Cost of Education in Australia

Australia, known for its picturesque landscapes and vibrant cities, has become a sought-after study destination among international students for their academic journey. There are around 9 universities that rank among the top 100 globally in the QS World University Ranking 2024.

The Group of Eight (Go8) universities are renowned for their intensive research and enhance Australia’s appeal as an educational hub. The country’s world-class education system, high quality of life cutting-edge technology, vibrant cities, thriving economy, and global recognition make it luring for young aspirants.

To manage your finances effectively it is important to know about the cost of studying. Let us delve into the different aspects that contribute to the overall cost to study in Australia for international students. So, stay engaged and read further.

Tuition Fees in Australia

There are numerous educational institutions in Australia that offer numerous courses for undergraduate, postgraduate, and doctoral degrees. And the tuition fees differ depending on the course you choose. Hence, for your better understanding, we have mentioned the typical annual fee range below.

Programs	Tuition Fees
Undergraduate Program	AU$20,000 – $45,000
Postgraduate Program	AU$22,000 – $50,000
Doctoral Degree	AU$20,000 – $42,000

It is important to note that the range mentioned in the above table does not comprise courses such as veterinary or medical degrees, since they can cost a little more due to their high-value degree and duration.

In Australia, the tuition fees are typically calculated per unit rather than per year. Each unit is classified into a fee band. Since students often enrol in combinations of units from different bands, the fees can vary for each student.

Cost of Education in Australia

One of the reasons why studying in Australia is the high standard of living. The cost of education in Australia varies on the location and the lifestyle of the student. It includes accommodation, food, traveling, and other miscellaneous expenses. The Australian Government’s Department of Home Affairs says that you must demonstrate that you have AU$ 24,505 annually for living costs.

To give you an idea, the Australian guidelines suggest an estimated range of AU$350 to AU$450 per week. To give you clarity of idea, we have mentioned the bifurcation below.

Expenses	Amount Per Week
Accommodation	AU$90 to AU$440
Public Transport	AU$30 to AU$60
Groceries and Food	AU$140 to AU$280
Phone and Internet	AU$15 to AU$30
Entertainment	AU$80 to AU$150

This is just an estimated cost, it might differ according to the location, type of accommodation, and lifestyle. Now, let us move ahead and learn about the student visa Australia.

Student Visa Fees

The student visa for Australia is known as Subclass 500. International students after obtaining the visa can study, live, and work for a maximum of seven years according to the program duration, campus location, and skill list. Moreover, international students can work for a maximum of 48 hours per fortnight, this enables them to manage their finances efficiently.

The cost for visa applicants under Subclass 500 is AUD$710 unless exempted. Additionally, there are extra charges for each family member applying for this visa. Apart from visa costs, students need to cover additional expenses such as health checks, etc.

Scholarships in Australia

To manage the cost of studying in Australia, there are numerous scholarships offered by the Australian Government, Education Providers, and Private and Public organizations to aid international students financially. Though the nature of these scholarships is highly competitive, students can avail them by having an excellent academic profile. For better understanding, we have mentioned some of the popular scholarships below.

University	Scholarship	Amount
The University of New South Wales	International Student Award	15% tuition fee reduction
The University of Adelaide	Global Citizens Scholarship	15% or 30% of the tuition fee reduction
University of Western Australia	Global Excellence Scholarship	AU$ 12000/Year
RMIT University	Future Leaders Scholarship	20% tuition fee reduction
Queensland University of Technology	International Merit Scholarship	25% tuition fee reduction

In a Nutshell

The Universities in Australia are a pathway to numerous work opportunities for international students. Thus, if you want more information on how to study in Australia you can reach out to top study abroad consultants in India. We hope this article was helpful, all the very best.