A complete Guide on cost of Study in Australia

Cost of Study in Australia

Australia is one of the top destinations in the world for studying abroad with 43 universities offering some of the best graduate and postgraduate programs. With 35 Australian institutions are ranked among the list of world’s best universities, Australia is known for offering top-rated education. Exemplary education system, global reputation, friendly natives, vibrant cities, impressive technologies, stable economy and quality lifestyle are what make Australia a much sought-after education destination for international students. Moreover, Australia spends a massive amount per year on education by providing scholarships, financial aids, and grants. Australian government’s funding an incredible number of scholarships for international students improves the possibility of international student migration as it reduces the average cost of study in Australia.

As a highly developed country, the cost of study in Australia is relatively higher than most of the countries. However, cost of studying in Australia varies depending upon the choice of study program and lifestyle you choose. If you’re wondering how much it costs to study in Australia, read on to know in detail about the cost of study in Australia

Australia’s excellent lifestyle, friendly setting for immigrants, high-quality courses, and vibrant capitals makes it the most enticing study destination for foreign students. The living cost in Australia for international students may also vary according to lifestyle, and location. To make quality education easier for you, we bring you a list of the most affordable private and public universities where aspirants can get excellent quality of education at low tuition fees. Here you will get complete information about tuition fees in public and private universities, living costs:

Apply Now: Bachelor of Business Administration (BBA) in Australia

Annual tuition fees in Australia for international students

  • Bachelor’s degree: AUD 15,000 to AUD 35,000
  • Postgraduate master’s degree: AUD 20,000 to AUD 42,000

However, the cost for some courses such as a medical degree in Australia can be significantly higher than the other programs. Tuition fees in Australia are calculated per unit, not yearly. Each unit means a fee band and different students studying different courses will have to pay their specific fee band. 

Australian students who have successfully applied for a commonwealth-supported institution need to pay slightly lower fees as they are highly subsidized by the government. The government sets the minimum and maximum cost of whatever you study and some amounts are capped by the government.

More and more international students are choosing Australian institutions as their ultimate study destination every year. Many of them opt for student loans to pay off their tuition fees. The demand for student loans is mainly driven by the high tuition fees for international students and the requirement to pay the fee amount upfront, before leaving the home country.

Indian students can take student loans from:

  • Nationalized banks like State Bank of India and Bank of Baroda
  • Private banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank
  • Non-Bank Financial Companies (NBFCs) like HDFC Credila, EduFund, etc.

However, aspects like the loan amount, collaterals, rate of interest, etc., vary depending on various factors like the loan provider, duration, etc.

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Most affordable public/ private universities in Australia

Your search for the cheapest university in Australia ends here. Here’s a list of cheap universities in Australia for international students:

University of the Sunshine Coast

It is a public university offering higher learning and research in Queensland, Australia, offering more than 120 programs in various streams like education, social science, law, business, health, science and technology, and many more. The courses fees may range depending upon the courses to courses like:

1) For BBA- Tuition fees is around INR 13.1L

2) For MBA- Tuition fees are INR 15.1L

3) For BE/BTech- Tuition fees is INR 12.2L – 16.6L

University of Southern Queensland

It is a private institution providing higher education and research courses in Queensland, Australia. This university offers more than 700 specialized courses in various disciplines of arts, commerce, humanities, health and nursing, engineering, sciences, business, management, education, law, communication, and creative arts.

1) For MBA- Tuition fees are INR 12.3L

2) For BBA- Tuition fees is INR 11.4L

3) Fro BE/BTech- Tuition fees is INR 10.2L – 12.6L

Federation University Australia

It is the fourth oldest public institution in the country offering courses in research and Sports Science. The branches of campus are present in different parts of Australia, including Wimmera, Ballarat, Brisbane, Berwick, and Gippsland.

1) For MBA- Tuition fees are INR 13.6L

2) For BBA- Tuition fees is INR 12.4L

3) For BE/BTech- Tuition fees is INR 11.7L – 14.2L

Central Queensland University (CQU)

This is Australia’s largest public university offering diplomas, undergraduate, postgraduate, research-based high degree courses. This university has outstanding graduate outcomes and is ranked as one of 10 universities for high employability rates and starting salaries. 

1) For Eng- Tuition fees is INR 13.7L

2) For MBA- Tuition fees are INR 18.1L

3) For BBA- Tuition fees is INR 12.6L

Apply Now: Bachelor of Computer Application (BCA) in Australia

Here are some of the most famous universities in Australia and their annual fee range:

  • University of Melbourne fees for Indian students – AUD 31,328 – 47,528 (INR 17.5 – 26.6 Lakhs)
  • University of Sydney fees for Indian students – AUD 38,500 – 68,000 (INR 21.5 – 38.6 Lakhs)
  • University of Wollongong fees for Indian students – AUD 26,000 – 62,000 (INR 14.5 – 34.7 Lakhs)
  • Australian National University (ANU) fees for Indian students – AUD 20,000 – 26,140 (INR 11.1 – 14.6 Lakhs)
  • University of Adelaide fees for Indian students – AUD 26,000  (INR 14.5 Lakhs)

Average cost of Living in Australia for students

Living expenses in Australia for international students vary based on factors such as the location of the accommodation, commuting options, food preferences, etc. Students who have gathered some idea of the average cost of studying in Australia can make their financial plans in advance. The best way to minimize your living costs is to choose shared accommodation or short-term accommodation. Here is the average cost of the other living-related expenses:

Accommodation costs: 

1) Homestay- : 450 – 1,200 AUD/month

2) Shared rented house: 380 – 850 AUD/month

3) Rented apartment- 750 – 1,700 AUD/month.

4) For groceries and eating out: $80 to $280 per week*

5) For gas and electricity: $35 to $140 per week*

6) For phone and internet: $20 to $55 per week*

7) For public transport: $15 to $55 per week*

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Visa costs in Australia

International students have to bear the student visa cost for Australia. Charges for the Australian student visa or the visa subclass 500 are pegged at around AUD 630 (INR 35,287). For getting an Australian visa, students need to avail Overseas Student Health Cover (OSHC) for the complete duration of the study. OSHC Australia acts like a search function that can be used to compare the insurance premiums of different medical insurance from authorized companies.

Scholarship in Australia

International students looking for low-cost study in Australia should apply for scholarships offered by the Australian government, public or private universities, and higher education institutions to the deserving overseas students. These can reduce the cost of studying in Australia for Indian students. To explore the full list of scholarships, students can visit the Study in Australia official website. Here are some Australian scholarships you should check before applying for your dream course in Australia:

1) Destination Australia Program (DAP) –This is a mobility program funded by the Australian government to encourage international as well as domestic students to be a part of academic institutions located in regional areas of Australia.

2) Australia Awards: These scholarships are government-funded schemes that cover the complete tuition fees, transit subsidies, and some part of monthly living costs.

3) Australia APEC Women in Research Fellowship Program: This scholarship provides support to female researchers who are planning to go for research programs in Australian universities and come from APEC economies.

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Part-time jobs for international students and their taxes in Australia

The Australian student visa allows international students to work 20 hours every week during studies and full-time during semester breaks. This not only eases the burden of the college fees in Australia but also helps with the experience of working in a foreign country.

However, the income that students generate from part-time work is taxable. They have to get a Tax File Number (TFN). The application for the TFN has to be submitted online via the official website. Any income amounting to AUD 18,200 (INR 10,19,691) or more is taxable.

Here are a couple of tax slabs.

  • AUD 18,201 – 45,000 – 19%
  • AUD 45,001 – 120,000 – AUD 5,092 basic and a levy of 32.5% on income over AUD 45,000

Here are some popular part-time jobs options in Australia:

  • Tutoring other students
  • Food services – bartenders/waiters/kitchen staff
  • Office executive
  • Customer service/call centers

Course wise cost of study in Australia

Your choice of the right course increases the chances of getting the best career opportunities. We have mentioned below the course-wise cost of studying in Australia for Indian students. These sought-after degrees will help you to get the skills to thrive in the international job market and build a successful career globally.

Accountancy

A degree in accountancy from a reputed institution in Australia will provide the skills and knowledge that will transform your career. While studying accounting you will learn about laws that govern business, the ethics of accountancy, business administration schemes, and accounting theory. With a huge demand for accounting jobs, a degree in accounting will make you shine in the global job market. The average annual cost of MS in Australia in accounting may range from 31,500 AUD to 47,880 AUD per year.

MBA

Master of Business Administration (MBA) is one course that is getting popular with each passing day. MBA degree is a balanced program of theoretical and practical skills that help individuals turn into a professional who proves to be an asset for any business firm. Australian universities offer MBA degrees without splurging a lot which make it easier for anyone even with a modest background to pursue an MBA degree from an Australian university. Australia offers MBA degrees in a variety of specialized subjects, ranging from management and general subjects to banking and finance. The average cost of an MBA in Australia ranges anywhere from AUS $50,000* – AUS $81,400*. 

Engineering

Engineering is a highly rewarding career option and is growing exponentially. Engineers work on cutting-edge technology and get a handsome salary package. With top quality education system, experienced faculty, modern age technologies, and up-to-date infrastructure, an engineering degree from Australian universities can make you stand apart in the global arena. Australia offers extensive opportunities compensated with practical training and various internships. Australian universities make you career-ready by providing you hands-on experience on the latest technologies like artificial intelligence, machine learning, robotics, etc. The annual cost of pursuing an engineering program in Australia may range from 37,000 AUD to 49,000 AUD annually.

Read More:
Jobs in Australia after MS in Computer Science
How Much Gap Is Acceptable for Study in Australia?
Eligibility Criteria for Masters (MS) in Australia
How to settle in Australia from India?
Australian Visa Subclass 189

Cost of Study in Australia – FAQs

Q1. How much does it cost to study in Australia?

The Australian college fees vary considerably depending on the program, university, or location. As per reports, the average tuition fee for undergraduate students is AUD 33,960 per year and for postgraduates, it is AUD 25,503 annually.

Q2. Is education free in Australia?

There are public and private academic institutions in Australia. Public universities charge lesser fees in comparison with private institutions. International students can also apply for scholarships to deal with the high Australian college fees.

Q3.How much does it cost to study in Australia from India?

A: The average cost of studying in Australia for Indian students ranges between INR 10 – 20 Lakhs per annum in tuition fees.

Q4.How much can a student earn in Australia?

A: The national minimum wage in Australia is AUD 20.33 per hour. International students can earn a minimum of AUD 406 per week.

Q5.How much can an Indian save in Australia?

A: The average cost of living in Australia for an individual student can range between AUD 500 – 1000 per month, apart from the rent. However, you can save a good amount of money via sharing amenities and careful spending.

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