Study in Australia Cost: Education Fees, Cost of living, Visa Fees, MBA Fees and Requirements for Indian Students

The study in Australia cost includes the living expenses and the basic tuition fees of the respective university. Candidates choosing Australia as their study destination must plan their financial expenses effectively by a prior understanding of the cost of living around the location of the university.

The average living cost in Australia for international students is around $2,835 per month which includes the cost of monthly mortgage repayments based on average Australian house prices. International students should also pay the Australia visa fees of AUD 620 to be able to travel and study in Australia. This article discusses the costs of studying and living in Australia, along with all the other miscellaneous expenses.

Table of Contents

• Total Study in Australia Cost
• Cost of Education in Australia
  
  • MBA Fees in Australia
• Cost of Living in Australia
• Accommodation Costs
• Food Costs
• Transportation Costs
• Financial Requirements for Indian Students in Australia
• Australia Visa Fees for International Students
• Scholarships in Australia for International Students
• Part-time Work Opportunities in Australia
• Cheapest Universities in Australia

Total Study in Australia Cost

The total study in Australia cost is much less when compared to some expensive countries. It includes tuition fees, living costs, food, accommodation, and several other expenses. The expenses for the students vary for different cities and the manageability is in the hands of the students. The total cost of study for different levels of study are given below:

• Bachelor’s Degree: INR 50,7836
• Postgraduate and PhD : INR 10,156,73 to INR 18,78,995
• Vocational, Education and Training Courses: INR 25,3918
• Living Expenses: INR 17,774 to INR 45,705 per week

Some of the major Study in Australia cost for Indian students are tabulated below:

Cost of Education in Australia

Tuition fees are a primary expenditure for students opting abroad studies. The tuition fees depend on the educational qualification and university or college the candidate selects. It also varies for each and every course in the college. MBA fees in Australia are around $40,000 to $63,000. The average tuition fees for different levels of study are given below:

• The tuition fees for school vary between $7,800 and $30,000 annually.
• The tuition fees for English language studies varies between $350 - $450 weekly
• The tuition fees for Vocational, Education, and Training varies between $4,000 - $22,000 annually
• The tuition fees for an undergraduate bachelor’s degree varies between $15,000 - $25,000 annually
• The tuition fees for a postgraduate master’s degree varies between $22,000 - $42,000 annually
• The tuition fees for doctoral degree varies between $22,000 - $42,000 annually

The cost of overseas education in Australia is tabulated below:

MBA Fees in Australia

An MBA in Australia costs anywhere between $40,000 - $63,000 and is available as a full-time one-year course at over 58 Australian universities. Listed below are the average MBA fees in Australian colleges and universities for international students:

1. Melbourne Business School: $62,198
2. AGSM Business School: $60,043
3. Monash Business School: $61,156
4. Macquarie Graduate School of Management: $54,993
5. UWA Business School: $41,488

Cost of Living in Australia

Apart from the tuition fees, international students are required to bear the cost of living in Australia. The average living expenses in Australia come up to $2,835 per month for a single person or $4,118 per month for a couple. The living expenses in Australia for international students vary based on the lifestyle and spending habits of the student. Find below the average cost of living in Australia for students from all over the world:

• Groceries: $140- $280/ week
• Phone & Internet: $15- $30/ week
• Car Expenses: $150- $260/ week
• Gas & Electricity: $10- $20
• Entertainment: $80- $150

Accommodation Costs

Australian universities offer on-campus accommodation facilities for international students. There is also plenty of student accommodation available in Australia. Some opt for those off-campus accommodation wherein Indian students can share rooms with other students. The rentals of accommodation vary from city to city. The cost of accommodations depends on the city of residence. Some of the accommodation rentals are given below:

• Hostels and Guesthouses: $90 to $150 per week
• Shared Rental: $95 to $215 per week
• On-campus Accommodation: $110 to $280 per week
• Homestay: $235 to $325 per week
• Rental: $185 to $440 per week
• Boarding Schools : $11,000 to $22,000 a year

Food Costs

Groceries can generally be purchased at local supermarkets for 500 - 1,000 dollars per month. Some of the most affordable supermarkets in Australia are Aldi, Coles, and Woolworths. You can save some amount of money by purchasing groceries and other food items from these markets.

In an inexpensive restaurant, the cost of a meal averages 18 AUD. Whereas a three-course meal for two will cost you 80 AUD. Additionally, if you prefer a particular cuisine, you can choose among a variety of Asian, Greek, and Italian restaurants as well.

Transportation Costs

There are some universities that have a private transportation provider that assists students who live on campus or those who need to travel to remote areas. Depending on where you reside, you may be able to take advantage of discounts offered by some state programs, such as QLD (Queensland), SA (South Australia), or VIC (Melbourne).

Depending on the city, a student's pass for public transport costs 30 to 70 AUD/month. A bicycle can also be used for transportation. Bicycles can be rented for around 40 AUD a day.

Financial Requirements for Indian Students in Australia

The Australian Department of Immigration ensures that the candidate has enough money to pay the course fees, living costs, and accommodation in Australia. This annual personal financial need ranges from INR 30,47,019 to 35,54,855. The evidence of this income has to be submitted to the department along with the student’s visa application. The government has fixed the financial requirements to receive a student visa and it costs around INR 10,07,039.

Australia Visa Fees for International Students

International students willing to pursue studies in Australia are required to apply for a Student Visa subclass 500. The visa process is simpler as compared to other countries such as the US and the UK. The Australia Student Visa fees are around AUD 620 for new and subsequent entrants. The Australia visa fees are paid in Australian dollars as the charge of the visa application.

The student visa Australia cost does not depend on the length of the program and is always the same. The cost may however vary depending on the location from where one applies for the Student Visa (Australia or onshore). The visa cost for Australia from India is around INR 33,272 which is equal to 620 AUD. One can also apply for an Australian PR to be able to live and work in Australia infinitely. The Australia PR cost comes up to AUD 4,045 for the primary applicant. The Australia PR cost for any additional adult above 18 years of age is AUD 2,020 and for a dependent child below 18 years of age, it is AUD 1,105.

Scholarships in Australia for International Students

As the cost of studying in Australia is comparatively higher, universities provide many scholarships, bursaries, loans, and grants for the students. Australian Government also provides several financial awards for the financial well-being of the students. Some of the scholarships programs for the students studying in Australia are:

1. Australia Award Scholarship (AAS) Program
2. Australian Government Research Training Program (RTP)
3. Destination Australia Program (DAP)
4. Endeavor PG Scholarship Program

Part-time Work Opportunities in Australia

Australian universities provide assistance for part-time working while studying, thereby providing opportunities for satisfying living costs of their own. With the student visa, the candidate can also work part-time and can easily earn somewhere between INR 1,200 to 1,500 an hour, depending on the job. This extra money helps to overcome the living expenses in Australia.

Cheapest Universities in Australia

International students can apply to some of the most affordable Australian universities. These universities provide high-quality education at low tuition costs. The table given below shows some of the cheapest universities in Australia, along with their fee structure: