How Much does it Cost to Study in Australia for International Students?

Studying in Australia has always been one of the dreams of many students who aspire to build a successful career. And for those who wish to have this dream of theirs fulfilled, their obvious choice of destination is Australia, among the few top countries that provide top-notch quality education. To those of you who are reading our blog for the first time and even if you aren't, if you are a person who has a passion to study in Australia but is unaware of the various cost and expenses it entails to have your dream fulfilled, this blog will help you understand about how much does it cost to study in Australia and what other expenses are there, to ensure that you are well prepared before you embark on your journey towards Australia, to the university of your choice. 

As one of the most advanced countries in the Southern Hemisphere, Australia not only has a lot of potential on the technological front, the educational sector also has a growth that is leaps and bounds ahead of most of the education providers across the world. Be it in the domain of research, innovation, or ingenuity, Australia has a lot to offer to those who seek to gain knowledge from it.

Tuition Fees in Australia for International students

To acquire knowledge, we all know that there are various costs connected to it, and one of the fundamental costs that appear first is the Tuition Fees. For international students, this scenario however becomes a bigger challenge because, for those who come to study from overseas, Australia is not an Inexpensive place.

The average cost of studying in Australia for international students and their average tuition fees range from AUD 20,000 to AUD 50,000 per year from an undergraduate level to doctoral level degree courses. 

Undergraduate Study Cost in Australia

The quality of education given by the universities to their students is arguably one of the best in the world, and pertaining to each course, the cost related to their educational environment, and everything that they provide vary from one university to another. As such, the range of the Tuition fees cost for undergraduate study cost in Australia range from:

• The Cost for Bachelor's Degree ranges between 20,000 AUD to 45,000 AUD per year.

The cost for the undergraduate degrees varies from course to course as their requirement as the level of proficiency needed for that qualification differs, the duration of the courses vary with some courses taking 3 years, whereas others take 4 years to graduation, and hence the difference in the cost for a course. For example – A medical degree varies from an Arts degree, an Engineering degree varies from a Science degree. This includes the equipment, classrooms, labs (in the case of Biology/medical courses), etc. 

MS in Australia Cost for International Students

The MS in Australia is a one or two-year degree program. Similar to the undergraduate degree course, the MS degree, like every other Master's degree program, has its own duration for the completion of their course, requirements for special types of equipment, rooms, depending on their course, and also their cost of study.

• The cost for MS in Australia ranges between AUD 20,000 – AUD 50,000 per year.

Australia provides an excellent environment for top-notch education, research, and training to its students as MS is offered as a professional master's program or research program in the country.

A short table mentioned below can help you assess the cost of the MS courses offered in Australia by the various universities as follows:

How much does it Cost to Study Medicine in Australia?

It is a globally known fact that the cost to study medicine is one of the most expensive courses all over the world and Australia is no exception to this fact. However, when it comes to giving quality education, most, if not every university in Australia that provides medical courses does not compromise in any means, and thus depending on the level of their education that is provided, the costs vary.

For international students, the fees for the medicine courses offered in the Australian universities range from AUD 30,000 to AUD 80,000 per year. You will have to keep in mind that medical courses take a longer time to complete as such, the courses take up to 7 years and the total cost of your degree can total a sum of around AUD 300,000.

Studying medical courses in Australia also has an additional constraint where upon receiving the offer letter, the applicant should pay an initial deposit of up to AUD 15,000 and there will be an additional payment for the enrolment cost of between AUD 150 and AUD 500. Not only that, you will have to keep in mind that the university fees in Australia are subject to change and the amount that you will have to pay for each year may vary either higher or lower from the previous year(s).

MBA in Australia Cost

The cost of studying MBA in Australia is approximately AUD 59,966. As per a survey conducted in 2021, the fees have had increased from 3.34% when compared to 2020. Thus, the annual cost for studying MBA in Australia is approximately ranged between AUD 45,000 to AUD 822,000. Though the tuition fees vary from one university to another, you can always apply for a scholarship that is suitable for you that is offered by the Australian government, and also by universities and other agencies.

Some of the top universities that provide MBA courses and their annual course fee in AUD are mentioned below:

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Cost of Health Insurance in Australia for International Students 

The healthcare policy of Australia provides OSHC (Overseas Student Health Care) is required for all international students and all of their family members to obtain for the whole duration of their stay in Australia. Medicare is Australia's National Health Insurance program that is provided for the citizens, which unfortunately doesn't cover the international students. As such, international students are to choose the OSHC, which helps in covering an international student's health-related costs.

Cost of the Health Insurance in Australia for International students are categorised under OHSC cover as follows:

OSHC Australia Cost for International Students

 The Australian Government Department of Health has authorised and approved the below-listed health funds to provide OSHC for its international students as follows:

• AHM OSHC
• Allianz Care Australia (People Care)
• BUPA Australia
• Medibank Private
• NIB OSHC
• CBHS International Health

Skilled Visa Australia Cost

The general guide regarding the government costs that are involved in applying for a Skilled Visa Application are mentioned below for which there is no government fee involved to lodge an Expression of Interest (EOI):

Australia PR Cost

The Australia PR (Permanent Residency) permits the successful applicant to work and settle in Australia for 5 years. The advantage of this document is that a person who has gained a PR status can change the immigrant status to a citizen of Australia after 4 years work of formal work.

The fees for the Australia PR Cost are as follows:

• Primary Applicant – AUD 4115
• Dependant (above 18 years of age/spouse) – AUD 2055
• Dependant (below 18 years of age/children) – AUD 1030

Australia University Scholarships

To International students, there are many scholarships, and grants available who wish to study in Australia. These scholarships and grants are awarded to the students by various providers such as the Australian government, Higher Education Institutions, and other Public or Private Organisations.

Though the application criteria for the scholarships are established by the scholarship providers, most financial aid opportunities are available to all international students. For more information, do not hesitate to contact us and get the latest updates in regards to the availability of scholarships.

Below listed are some of the scholarships that are available for international students:

• Australia Awards: The awards are the scholarships and fellowships that are funded by the Australian government which covers the complete tuition fees, travel expenses and also includes part of the monthly living costs of the applicant.
• Australia APEC Women in Research Fellowship Program: It provides financial support to female researchers from APEC economies who seek to pursue a research program that is in partnership with Australian universities.
• Destination Australia Program (DAP): This is a mobility program that is financed by the Australian government whose role is to encourage both the local and the international students to get enrolled at the academic institutions in the regional areas of Australia.

Follow AECC Global or connect with us to know more about the scholarships, grants, and awards that are given to International Students. 

Cost of Living in Australia for International Students

International students who plan to study in Australia will have to keep in mind that, while you plan for the course, the university of your choice, and the destination in mind, you will have to also ensure that you are prepared for the additional expenses that you will incur during the course of your study. So, you should keep in mind that you do not overspend and keep track of your expenses.

As per the Australian government, the general living expense cost is approximately AUD 21,041 per year. Normally, an international student spends on average, a sum of money between AUD 20,000 and 27,000 per year. This cost is ranged as such based on the living arrangements and the personal choices the international students tend to have. Hence, it is advised that you keep in mind the list of expenses in your mind when planning out your weekly/monthly/yearly expenses.

Planning your costs and expenses can be a tiring and tedious task, and for first-time planning, there is a chance that you might miss out on some key information. Our services at AECC are free and we will provide you with all the necessary information that you may require, to help you get onboard your dream and make it a reality for you.

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