You might have come to the realization that studying in Australia is an excellent opportunity, well done! Now the planning starts. There are a number of things to consider before you sign up at an Australian University. One of the major considerations is what this education will cost. Australia is home to some of the world’s best universities and if you consider all the perks of having an Australian tertiary qualification you will agree that such an opportunity is a priceless investment into your and your children’s future.
While Australia might be considered a bit more expensive than studying locally the benefits certainly outweigh the cost. This is supported by the fact that as of March 2017 more than 480,000 international students are enrolled at Australian tertiary education institutions. This is 15% more than the year before!
All these students realize that:
- An Australian qualification is recognized globally
- Having an Australian qualification earns visa applicants more points giving them the edge over students with foreign qualifications
- Students have access to a peaceful, violent free environment in which to learn where their classes and libraries aren’t being torched
- Being a student at an Australian university means you have access to the best educators, world-class facilities and resources.
What you can expect to pay
Study in Australia, the official government site for international students, gives the typical annual tuition fees for international graduate students as:
Advanced Diploma – AU$ 5,000 – $ 10 000
Master’s degree – AU$20,000 to $47,000
Doctoral degree – AU$14,000 to $47,000
Another cost to consider is the Student Services and Amenities fee, which is a charge for services and amenities of a non-academic nature, up to a maximum of AU$294 in 2017. Not all universities in Australia charge this, but make sure you check beforehand so it’s not an unexpected expense.
Tuition fees and course costs for students who are citizens
A brilliant reason to keep in mind when you are moving your young family to Australia is that citizens may apply for a Commonwealth supported place, which means study costs are largely subsidized by the government. Commonwealth supported places are available at all public universities in Australia and some private ones.
Domestic students may also apply for financial assistance from the Higher Education Loan Program (HELP).
Cost of living in Australia
Accommodation: AU$85 and AU$440 per week for accommodation, depending on whether you stay
Groceries and Eating Out: AU$80 to AU$280
Gas and Electricity: AU$55 to AU170
Phone and Internet: AU$20 to AU$55
Public Transport: AU$25 to AU$75
Entertainment: AU$80 to AU$170
This means you will need around AU$422 per week.
Student visa costs for Australia
There are many different kinds of student visas for Australia, ranging in price from nothing at all to AU$620.
Other visa related expenses:
- Overseas Student Health Cover (OSHC) for yourself and any accompanying family members, which needs to be valid for the duration of your stay. This will be around AU$2,164.17 for a three-year stay
- Before you set foot in Australia you must prove you have AU$21,250 for living costs per year. If you’re bringing a partner you’ll need to add AU$7,940 to this figure, and if you have children, you’ll need to show you have an additional AU$2,970 for each child. This amount is adjusted from time to time so it is best to speak to your immigration consultant before drawing up your budget
- As well as proof of these funds, you will also need to show you have a return air fare for yourself and every family member you take with you, and AU$8,000 per year for any children aged five to 18 to cover school fees.
Source: topuniversities.com and studyinaustralia.gov.au