Cost of Studying in Australia: Everything You Need to Know
Are you considering studying in Australia from Bangladesh or from any other country? Then you must be wondering about the cost of studying in Australia for international students. In this blog post, we will cover everything you need to know about the cost of studying in Australia, including tuition fees, costs of degrees, cost of living, health insurance, and visa costs. We will also look at some of the benefits of studying in Australia, so you can make an informed decision about your studies. So if you are looking for a comprehensive guide on the cost of studying in Australia, then this is the blog post for you!
Benefits of Studying in Australia
- Australia has one of the best higher education systems in the world.
- Australian cities and people are safe and welcoming for international students.
- There are many top-ranked universities in Australia.
- The standard of living in Australia is high.
- After graduating, there are many job opportunities in Australia
- The weather in Australia is favorable for international students.
- It is relatively easy to obtain a student visa in Australia.
Tuition Fees for International Students
When deciding to study in Australia, one of the main questions that international students need to consider is how much tuition fees will cost. The average tuition fees at one of Australia’s tertiary institutions range between AUD 20,000 and AUD 30,000 a year. For example, humanities, arts, and education courses are typically cheaper, while subjects such as medicine and engineering are likely to be more expensive. Postgraduate tuition fees are typically higher and vary depending on the program.
Below is a table outlining the average tuition fees for different study programs in AUD:
| S.no | Study Program | Average fees in AUD* |
| 01 | School | $7,800 to $30,000 annually |
| 02 | English language studies | $350-450 weekly (varies as per course length) |
| 03 | Vocational Education and Training (Certificates I to IV, Diploma and Advanced Diploma) | $4000 – $22,000 annually |
| 04 | Undergraduate Bachelor’s Degree | $15,000 – $35,000 annually |
| 05 | Postgraduate Master’s Degree | $20,000 – $42,000 annually |
| 06 | Doctoral Degree | $20,000 – $42,000 annually (You may be eligible for scholarships up to 100% and living grants if you meet the university requirements.) |
Please note that the tuition fees can vary significantly depending on your chosen university or school. Therefore, checking with your preferred institution for accurate and up-to-date information regarding tuition fees is highly recommended.
Scholarships offered by universities typically range from 10% to 50% of tuition fees. While some universities do offer 100% scholarships, they are highly competitive and rare.
Calculate accommodation costs
International students in Australia have a choice between on-campus and off-campus accommodation. Rent is usually paid every two weeks in advance. The rental costs vary from city to city, but here are some estimates of the different types of accommodation and their associated costs:
| S.no | Accommodation type | Expenses |
| 01 | Hostels/Guesthouses | $90 to $150 per week |
| 02 | Shared Rental | $95 to $215 per week |
| 03 | On-campus | $110 to $280 per week |
| 04 | Homestay | $235 to $325 per week |
| 05 | Rental | $185 to $440 per week |
| 06 | Boarding schools | $11,000 to $22,000 a year |
These are only rough estimates – actual costs for accommodation can depend on the location, length of stay, and type of housing. Make sure you do your research ahead of time to figure out what type of accommodation best fits your budget and lifestyle.
Cost of Studying in Australia: Bank Balance Requirement for Australian Student Visa 2023?
Preparing your finances is crucial when applying for an Australian student visa in 2023. To successfully apply for a student visa, international students must meet the following financial requirements as mandated by the Australian Department of Home Affairs:
- Have Access to at least AUD$ 21,041 per year to cover living expenses such as accommodation, food, and personal expenses.
- Have enough money to cover one year of tuition fees, which varies depending on the type of qualification and the institution chosen.
- Have sufficient finances to cover return airfare for AUD$ 2000 per applicant.
- Obtain Overseas Student Health Cover (OSHC).
For information on OSHC costs, please refer to the bottom section of the blog.
It’s important to note that meeting the financial requirement alone does not guarantee visa approval. Additionally, the application process involves a comprehensive assessment of the applicant’s circumstances. Therefore, it’s essential to carefully research your preferred institution and location to estimate your expenses accurately.
To better understand the costs of studying in a particular city or institution, Edulance counsellor or university representatives can help. Finally, an accurate and detailed financial plan in the visa application can help ensure a successful outcome.
What is the living expenses of Australia of international students per year?
As an international student in Australia, it’s important to budget your expenses properly to avoid overspending. The Australian Government estimates general living expenses at $21,041 per year, and international students usually spend between $20,000 and $27,000 per year, depending on their personal choices and living arrangements.
In addition to these expenses, there are some common costs to consider when creating your budget, such as grocery shopping, social activities, and emergencies:
| SL | Living expenses | Weekly budget |
| 01 | Groceries and eating out | ($140 to $280 per week) |
| 02 | Gas and electricity | ($10 to $20 per week) |
| 03 | Phone and internet | ($15 to $30 per week) |
| 04 | Public transport | ($30 to $60 per week) |
| 05 | Car | ($150 to $260 per week) |
| 06 | Entertainment | ($80 to $150 per week) |
| 07 | Personal | ($50 to $100 per week) |
| 08 | Clothing | ($10 to $50 per week) |
Health Insurance Cost for International Students
It is mandatory for all students traveling to Australia from Bangladesh to have valid medical insurance coverage before their program commencement & the average cost for Overseas Student Health Cover (OSHC) could range around AUD 660-720 per year.
Where can I purchase OSHC?
Overseas Student Health Cover (OSHC) is provided by a limited number of registered health insurers in agreement with the Department of Health and Aged Care. These insurers offer OSHC to students at an affordable cost. The following table shows the list of health insurers who offer OSHC along with their respective website URLs:
List of Health Insurers Offering Overseas Student Health Cover (OSHC)
| Health Insurer | Insurer Website |
|---|---|
| ahm OSHC | www.ahmoshc.com |
| Allianz Care Australia (Peoplecare) | www.allianzcare.com.au/en/student-visa-oshc.html |
| BUPA Australia | www.bupa.com.au/health-insurance/oshc |
| CBHS International Health | www.cbhsinternationalhealth.com.au/overseas-students-oshc |
| Medibank Private | www.medibank.com.au |
| NIB OSHC | www.nib.com.au |
How much Australian embassy fees?
The cost of an Australian student visa fee for international students is around AUD$ 650.
Transportation: Find out the estimated cost of getting around
There are many ways to get around. Below are some popular options along with estimated costs:
| Transportation Option | Estimated Cost (For short distances) |
|---|---|
| Regional buses and trains | AUD 3 for a short ride, AUD 20 for a weekly pass, AUD 80 for a monthly pass |
| Trams | Varies depending on the city |
| Ride-sharing services | Varies depending on distance and company |
| Bike rentals | Varies depending on the city and rental company |
| Walking | Free |
Buses, trains, and planes are available for longer-distance travel between cities, with costs varying depending on the mode of transport and the destination.
How much does a Bachelor of education cost in Australia?
The cost of a Bachelor’s degree in Australia varies depending on the course and university but typically ranges from 20,000 AUD to 45,000 AUD per year. International students benefit from the shorter 3-year duration of some courses, while others may take 4 years and require additional resources like equipment, classrooms, and labs. Visas, health insurance, and living expenses must also be taken into consideration when studying in Australia.
How much will it cost to do MS in Australia?
Typically, the cost of pursuing an MS degree in Australia ranges from $20,000 to $40,000 AUD per year. This amount includes tuition fees, textbooks, and learning materials.
Cost of MBA in Australia?
MBA tuition fees for international students in Australia range from $50,000 to $80,000 AUD depending on the institution and program duration.
How much does it cost to study medicine in Australia?
When it comes to studying medicine in Australia, the cost primarily depends on the tuition fees charged by each university. Tuition fees for international students usually range from AU$30,000–AU$60,000 per year, but it can be higher or lower depending on the university and program. It is advisable to check the chosen university’s website for more detailed information on tuition fees.
Frequently Asked Questions
Some of the top business schools in Australia are the University of Melbourne, UNSW Sydney, University of Queensland, Monash University, and Australian National University.
You’ll need a credit card to purchase OSHC. In case you don’t have a credit card, your Edulance counsellor may be able to help you with an alternate payment option.
Yes, international students can stay in Australia for up to two years in major cities and three to four years in regional areas with a Post Study Work Visa. This allows them to gain work experience and potentially apply for permanent residency.
Please visit the official Australian government website for more information on visas and their types.
The processing time for a student visa is typically between 19 to 44 days or more.
The money required as proof for a single student is AUD 62,222.
The Australian Department of Home Affairs doesn’t specify any conditions for how old the funds are in your bank account. However, you will need to provide bank statements showing a consistent income and savings history for around three (3) months before your application.
- Published in Study in Autralia
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