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How Much Does Studying in Australia Cost?

  • Highlights

  • Australia is a popular destination for higher studies

  • Average tuition fee is over 30,000 AUD

  • Accommodation and living costs are expensive

  • Personal loan for higher education is a prudent option to meet tuition and allied costs

Australia broke a new record, yet again, with 6,24,000 international students enrolling in Australian Universities and colleges in 2017. Hosting students from 200 nationalities, Australia is fast becoming a favorite higher education destination for students from around the world.

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Quality education, unadulterated natural landscapes and a vibrant culture, make Australia one of the top choices for students. If you too, are thinking of studying in Australia and have a list of your preferred Universities, here is a breakdown of all the costs that you will incur as an international student:

Tuition fees

Tuition fees are not consistent across all Universities and colleges. They are dependent on a number of factors, like the:

- Field of study
- Course duration
- Individual University/college fees

Although the tuition fees can fluctuate heavily, based on the above factors, tuition fee for international students studying down under start at around 20,000 AUD per year. The average fee is over 30,000 AUD.

Accommodation fees

Accommodation costs, again, are not something that is fixed. They change heavily, depending on the following factors:

- University accommodation versus private accommodation
- The location of the University
- Proximity to major cities
- The type of accommodation

Where on the one hand, living on the campus proves to be much cheaper, it is not always the case and several other factors come into play too. Here are a few living options and their respective prices:

Living options Prices in AUD (per week)
Hostels and Guesthouses 90 - 150
Shared rental 85 - 215
On campus 90 - 280
Homestay 235 - 325
Rental 165 - 440

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Other living costs

Apart from the accommodation and tuition fees, the living costs are another major consideration when it comes to living in a new country. Here are the additional costs that you will need to keep in mind when planning on studying in Australia.

Additional costs Prices in AUD (per week)
Groceries and eating out 80 - 280
Gas, electricity 35 - 140
Phone and Internet 20 - 155
Public transport 15 – 55
Entertainment 80 - 150

Although international students are allowed to work for a certain number of hours in Australia and the minimum payment is quite high, it is not enough to cover all costs. Applying for a personal loan for higher education to cover the costs is a smart move. For instance, Bajaj Finserv Personal Loan for Higher Education offers loan up to Rs.25 lakh to meet various allied costs along with tuition fees for studying in Australia.

With pre-approved offers from Bajaj Finserv on personal loans, availing finance is hassle-free affair. Pre-approved offers cut down the lengthy process of availing loan. Share a few basic details to know your pre-approved offer now.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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