One of the most popular things about Australia, apart from its cricket team, is the number of high-ranking colleges and universities. In the Times Higher Education University Ranking more than 10 universities of Australia can be seen. Hence, it can be said without any doubt that the quality of and infrastructure for education in Australia is one of the best in the world. Therefore, many students are opting for Australian institutions more than ever. This includes a great number of Indian students. Nevertheless, you will definitely need to keep in mind the cost of study in Australia for Indian students beforehand. Because you don’t want to feel helpless in a foreign land, do you? We’ve got you covered. This article will let you know the cost of studying in Australia.
Why Do Indian Students Want To Study In Australia?
Indians anywhere would spend money only if they think that the thing on which they are spending is cost effective. There’s a reason Netflix had to cut down on their rates to attract customers in India. And we are not shy about it. We want to spend money only if it is worth it. This is exactly the reason our students want to go to Australia for studies more and more. Let’s go through the following:
High Education Quality
Australia has a big number of colleges that offer one of the best education and research opportunities in the world. Every year, a lot of its institutions make it into the world’s best 100 universities and colleges. Hence, students want to study there.
Global Recognition
The certification and degrees provided by most reputable universities and colleges in Australia have global recognition. This ensures that you are able to grab international opportunities.
Attractive Health Cover
The Overseas Student Health Cover is a big lifesaver for international students. It is provided by the Australian Government to all foreign students. This insurance covers the cost of health checkups and treatments. This helps students save a lot of money.
All of the above-mentioned points make Australia an important attraction for international students who want to travel abroad. Nevertheless, after having made the decision to study in Australia you would need to be aware of the approximate total cost of study in Australia for Indian students to be well prepared and avoid monetary obstacles.
What Comprises The Cost Of Studying In Australia?
The cost of study in Australia for Indian students would include certain staples that you would need to be ready for anywhere in the world. Since here we are concerned with the cost of studying in Australia, you will need to be prepared for the following expenses for sure:
1. Tuition Fee Cost
Tuition fee is the fee that you would require to pay the respective institutions for your education. It is applicable to all colleges and universities.
2. Living Cost
Well, it is a no-brainer that since you will be living in a foreign country, you will have to take care of the expenses necessary in order to live there. This would include daily needs, stationary, food and transportation.
COST OF STUDY IN AUSTRALIA
The cost of study in Australia includes both kinds of expenses- study-related and general living related. Let us learn about them.
Tuition Cost
There are a plethora of courses provided by Australian universities. They have all kinds of courses which comprise undergraduate, graduate, postgraduate and doctorate programs. And not only that, they offer courses for a wide range of subjects like medicine, engineering, law, biology, physics, anatomy etc. The list is very long to be covered in detail here. So, we would advise you that your mind be clear on what subject you want to study and apply in your preferred universities of which you fill the eligibility criteria. All have their own criteria and their own fee structure.
However, we would give you an example of the University of Melbourne which is the number 1 educational institute in Australia and 14th in the world. For an undergraduate Degree in Arts, they will charge you $123336 to $141564 as the total course fee with the 1st year fee being $39104 to $44888 for the session commencing in 2024. Hence, you can make a rough estimate accordingly and prepare.
Extract:
“The cost of study in Australia comprises the tuition fee, excluding other study expenditures, along with the living cost.
Living Costs
According to a 2019 survey funded by the Australian Government Department of Education, on international student expenses, the average expenditure of an international student in Australia is about $28,378 per year. It was found out that living expenses covered a major chunk of that amount which was about $23, 375. The rest was expenditure on studies apart from Tuition fees. Today, in the year 2023, the charges must have only increased. Therefore, you will need to prepare for the finances accordingly.
Living on Rent v. Living on Campus
Finding accommodation for yourself is a necessary step in planning to study abroad. It has generally been observed that the rental costs in Australia range from around $440 to $1200. This range is applicable to different kinds of accommodations varying with size and number of people living in the accommodation. If you go for a lavish living, you’ll have to pay even more.
However, living on campus would be more economical for you these days. This is because rents are on the increase since after the pandemic, and the number of available properties for rent has decreased, which increased the demand and raised the charges. So, living on campus would be better for saving money.
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Other Costs
The above-mentioned expenses are the ones that you will have to bear once you are in Australia. However, there are certain costs which you will have to bear beforehand. This includes the cost of visa, airline tickets, English certification (TOEFL/IELTS) and other travel-related costs.
CONCLUSION
The cost of study in Australia comprises the tuition fee, excluding other study expenditures, along with the living cost. In addition to the tuition fee of the respective institutes, the living cost per year is about $28000. Therefore, you will have to plan accordingly. However, you shouldn’t have to worry much. They do get an Overseas Student Health Cover which takes care of medical expenses and you can always work part time to help more.
FAQs
Are colleges in Australia good?
Australia is home to some of the best educational institutions in the world. They provide you with ample opportunity to learn and grow.
Which is the best university in Australia?
The University of Melbourne is the number 1 ranked university in Australia. It also ranks in the top 20 among the best institutions in the world.
What is the Overseas Student Health Cover?
The Overseas Student Health Cover is the health insurance given to international students by the Australian Government. It covers the cost of medical check-ups and treatments.
Is English proficiency required for study in Australia?
Yes, English proficiency is required if you want to study in Australia. You should get yourself certified with tests like TOEFL and EILTS. In addition to the tuition fee of the respective institutes, the living cost per year is about $28000.”
Avinash Singh is a study abroad consultant with over 10 years of experience helping students achieve their academic goals. He is an expert in the US, Australian, German, and Canadian education systems and has helped hundreds of students secure admission to top universities around the world. In his spare time, Avinash enjoys traveling, hiking, and spending time with his family. He is also an avid reader and loves to learn new things.
