Cost of Studying in Australia

Referred to as the land of the coasts, Australia is home to some world-renowned universities such as the University of Sydney and the University of New South Wales. Apart from excellence in academics, it also provides a multicultural environment and warmly welcomes students from across the globe. Further, in the QS Rankings 2023, more than two-thirds of the universities in the country have featured at the top. With a higher standard of living as well as world-class education, Australia has progressively emerged as a preferred study destination amongst the likes of the US and the UK. Thus, if you are aspiring to pursue higher education in the country, here is a blog that will elucidate the key essentials regarding the cost of studying in Australia.

Study in Australia

Cost of Studying in Australia: Crucial Factors

To understand the cost of studying in Australia, we need to pay heed to certain factors like the courses, the institutions, the geographical location you are going to study at, as well as the living expenses, especially the accommodation and transportation costs. So, the factors mentioned below are significant from the aspect of a future aspirant. 

Course Fees and Tuition

The decision of choosing a program and university will incrementally impact your estimation of the cost of studying in Australia. When it comes to tuition fees of courses offered by Australian universities, the criteria are specified as per the Credit Points (CP) that you are required to accomplish to earn a degree. These credit points may vary as per the course but there are 24 CP fixed for each session. In one year, there are generally two to three sessions which might be categorized under a two-semester or trimester system. 

Study Level	Approximate Fees (in AUD)
English Language  Studies	350$(18290INR)-450$(23500INR)/week(varies according to the duration of the course)
Vocational Education and Training Certificates	4000$(209000INR)-22000$(1149700 INR) per annum
Undergraduate Bachelor’s degree	15000$(783800 INR)-35000$(1829000 INR) annually
Postgraduate Master’s Degree	20000$(1045000INR)-42000$(2194900 INR) annually
Doctoral Degree	20000$(1045000INR)-42000$(2194900 INR) annually with 100% scholarships available

Find out everything about Australian Education System!

Top Courses and their Fee in Australia

Top Courses	Average Fees
Medicine	16 Lakhs to 40 Lakhs INR approx
Nursing	10 Lakhs to 26 Lakhs INR approx.
Engineering	20 Lakhs to 40 Lakhs INR approx

Living Costs

When it comes to calculating the accommodation and living cost of studying in Australia, you can either opt for a university residence or a shared apartment. If you are staying in a hostel, it will be relatively cheaper and the costs for the same might vary from one university to another. But if you stay on your own in a homestay or some rented apartment, it would put a huge dent in your pocket especially if it is some urban centre like Sydney. Several other costs will be included in the living costs as tabulated below:

Living Expenses	Weekly Budget(in AUD)
Groceries and eating out	140$-280$
Utilities	10$-20$
Phone and Internet	15$-30$
Entertainment	80$-150$

Wondering how to calculate the cost of living?
Read our blog on Cost of Living Calculator and find out!

Food Cost in Australia

You will find many supermarkets as well as grocery stores nearby, depending on the location of the accommodation you choose. Depending on the location, the supermarket, and the specific items you want to purchase, the food might cost you anywhere between AUD 500 – AUD 1,000 per month (INR 27,500 – INR 55,000). But if you want to save a significant amount of money, consider shopping from cheaper supermarkets such as Coles and Woolworths, Aldi, etc.

If you have plans to eat in a restaurant, an average meal in non-expensive meal might cost you AUD 18 (INR 989) depending on the fees you’re ordering.

Also Read: Master of Finance in Australia

Accommodation Cost

As we discussed above, the location of the educational institution has both its benefits as well as some setbacks that you need to keep in mind while estimating the cost of studying in Australia. So, if you are considering staying in a city like Melbourne, then, apart from the cost of studying, living expenses would be an important cost factor. Tabulated below are different accommodation types with their respective costs allowing students to get a vivid picture of accommodation costs.\

Accommodation Type	Expenses(in AUD)
Hostels and Guesthouses	90$(4700 INR)-150$(7800INR)/week
Shared Rental	95$(4900INR)-215$(11200INR)/week
On-campus	110$(5700INR)-280$(14600INR)/week
Rental	185$(9600INR)-440$(22990INR)/week

Transportation Cost

Multiple ways of travelling are available to international students. Depending on the distance to be covered, individuals have the option to choose the means of commute. Tabulated below is a list of options for travelling based on the distance:

Distance	Means of Travelling
Short Distance	A short ride on the train or the bus which are all public means of transportation can cost about 3AUD. Weekly passes of 20AUD or monthly passes of 80AUD can be obtained.
Long Distance	For movement across cities, or any area further away, the best way to travel is to pick any of the following options: Airways, Train, Long-distance bus services

Financial Aid and Scholarships

Aspiring for higher education in Australia can demand quite an expansive budget. To help students with money-related issues, the Australian education system is designed in such a manner that it provides financial aid to deserving candidates by offering several education loans and scholarships like Australia Awards by the Department of Foreign Affairs and Trade, or APEC Women in Research Fellowship Program, etc. that you can also apply for to cover your overall cost of studying in Australia. Some major scholarships offered by universities in Australia for international students are mentioned below:

• Australia Award Scholarship
• ACU Destination Australia International Scholarship
• Australia Research Training Program Scholarship
• Scholarships by Australian Embassies
• The Vice Chancellor’s International Scholarship

Also Read: Australian Education System

Overseas Student Health Cover 

The Australian government provides international students with common health insurance called Overseas Student Health Cover. All international students are required to have health insurance for the entire duration of their study in Australia. International students depending upon their OSHC plan have access to essential services like doctor visits, certain hospital treatment, ambulance cover and limited medicines. (More services are provided based on the plan). There are different providers for OSHC like Allianz Care, Australian Health Management and BUPA Australia. 

Also Read: Study in Australia: Comprehensive 2023 Guide

Top 10 Universities in Australia 

There is an array of public and private academic institutions in Australia that offer quality programs in almost every area of study. Even though the majority of universities featuring at the top are public-funded, the fee structure might vary as per the course and institution. So, to get a gist of the cost of studying in Australia, firstly we need to know about the leading universities in the country that are worth applying for. 

Institutions	QS Ranking Australia 2023	Times Higher Education Ranking 2022	QS World Universities Ranking 2023
University of Melbourne	2	1	33
Australian National University	1	6	30
University of Sydney	3	2	41
University of Queensland	5	3	=50
University of New South Wales	4	5	45
Monash University	6	4	57
University of Adelaide	8	7	109
University of Western Australia	7	8	90
Queensland University of Technology	12	11	222
The University of Technology, Sydney	9	9	137

Know more about the Group Eight Universities of Australia

[Bonus] Travel Updates for Studying in Australia

FAQs

Thus, we hope that this blog helped you understand the different factors which the cost of studying in Australia might comprise of. Deciding to pursue higher education in Australia, you can not only avail immense educational opportunities but living in popular cities like Melbourne and Sydney will also provide you with plentiful networking opportunities in your chosen area of study. Take the help of Leverage Edu’s AI tool which can assist you in exploring a wide range of courses offered at various universities in Australia. If you want professional help, you should reach us on 1800 57 2000.