Do you know how much it costs to study in Australia?

Australia is one of the most popular study-abroad destinations in the world. In 2017, there were around 624,000 international students in Australia.

However, studying in Australia can easily drain one’s finances. As part of the Student Visa requirements, applicants are needed to furnish $20,290 per year as the living costs. Tuition fee varies from University to University.

What is the tuition fee for international students?

As per Study Move, international students need to spend $30,840 for an undergrad degree. For students pursuing post-graduation, the cost is around $31,596.

As per the Study in Australia website, the tuition fee for a Masters program ranges between $20,000 and $37,000. PhD degrees may cost between $14,000 and $37,000.

Medical or Veterinary courses can cost significantly more.

Australian Universities calculate the tuition fee per unit and not per year. There is a different fee band for different units. Students usually study a combination of different units which fall in different fee bands. Hence, the tuition fee may vary from student to student, as per Top Universities.

Some Universities in Australia publish the estimated fee on their websites. For example, for Australian National University (ANU), the cost of an undergrad degree in Arts may cost up to $36,400. For a Bachelors degree in Medical Science, the cost is around $43,680.

What is the cost of living for international students?

While applying for a Student Visa you need to furnish $20,290 as proof of funds. However, if you add additional applicants to your Visa application, like a spouse or children, you will need to furnish funds for them too. For a partner, you will need to show an additional $7,100. For each child, you will need $3,040 extra.

As per the Study in Australia website, international students should budget between $85 and $440 per week for accommodation. Of course, this totally depends on the type of accommodation that you live in.

Here are some of the other expenses that you should take into account:

• Eating out and groceries: Between $80 and $280 per week
• Gas and electricity: Between $35 and $140 per week
• Phone and Internet: Between $20 and $55 per week
• Public Transport: Between $15 and $55 per week
• Car (after purchasing): Between $150 to $260 per week
• Entertainment: Between $80 and $150 per week

Y-Axis offers a wide range of visa services and products for aspiring overseas immigrants including General skilled migration – Subclass 189 /190/489 with RMA review, General skilled migration – Subclass 189 /190/489, Work Visa for Australia, and Business Visa for Australia. We work with Registered Migration Agents in Australia.

If you are looking to Visit, Study, Work, Invest or Migrate to Australia, talk to Y-Axis, the World’s No.1 Immigration & Visa Consultant.

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