Cost of Studying in Australia: Are you looking for education in Australia? In Australia, there are around 624 000 foreign students in 2017, 13 percent more than the previous year, and one of the most popular destinations in the world. However, this is according to the country’s student visa requirements. Students need AU$20.290 (~US$ 14.600) annually for single living. In the meantime, tuition fees vary widely from one location to another in top universities in Australia depending on where you pursue an education in Australia.
Tuition fees in the top Universities in Australia
Research shows that in 2018 the total tuition fees for foreign undergraduates were AU$30,840(~US$22,170) and foreign postgraduates were AU$31,596 (~US$22,700) respectively. The standard annual cost of their tuition :
AU$20,000 (US$ 14,400) to $37,000 (USD26,600);
Ph.D – 14,000 AUD (10,060 USD) to 37,000 (26,500 USD).
These statistics do not involve high-value courses, including veterinary or medical graduates, which may cost much more.
Tuition fees are normally measured per unit, and not per year, at top universities in Australia.
Some universities in Australia publish estimates of official tuition, including the Australian National University (ANU), the top-ranked institution in the country (24th in the QS World University Rankings ® 2019). The annual expenditure of an international ANU baccalaureate varies from AU$36,400 (~US$26,150) to AU$43,680 (~US$31,380) Bachelor of Science or Medical Science degree.
For MBA in Australia, for MS in Australia or other degree programs, the yearly fee begins at AU$36,480 (~US$26,200) and extends to AU$45,600 (~US$32,760) for many Masters programs.
Thirdly, from AU$ 41.280 (~US$ 29.650), Ph.D. programs are priced similarly.
The Cost of Studying in Australia for domestic students
Like many other places around the world, domestic students, especially those successfully applying for a sponsored position in the Commonwealth, are less expensive to study in Australia, which is largely government subsidies. Commonwealth-funded places are available in both public and some – not all – private universities in Australia. Depending on where and what you research, the government restricts students’ donation amounts. For each of the bands, which is for 2018 A$ 0-6,444 for Bands 1, AU$0-9,185, and AU$0-10,754 for Bands 1, the Government sets the minimum range and maximum for each fee.
The domestic graduate students’ fees are similarly sorted out. Some institutions report an annual students’ fees figure. The University of Melbourne, for example, lists prices for 2019 from AUD 19,008 per year to AUD 57,088 per year for the Doctor of Veterinary Medicine for a Masters of Psychiatry. Some graduate programs also offer places funded by the Commonwealth.
Domestic students are eligible to receive the High School Loan Program (HELP) as opposed to international students. Australian nationals and permanent humanitarian visa holders are given five forms of government loans.
FEE-HELP covers tuition costs for students who pay the fee for costs, SA-HELP pays for students’ facilities and fees, OSE-HELP pays some expenses of studying abroad and VET student loans are charged for vocational education and training fees. HECS-HELP is the mechanism that allows students’ sponsors by the Commonwealth to pay student contributions or for the scholarship to study in Australia.
Scholarships and Fellowships in Australia
Cost of Studying in Australia – Australian Awards are international government-funded scholarships, open to Australian residents and other nominee nations, covering America, the Caribbean, Europe, the Middle East, the Pacific, and Asia. Bursaries are primarily for graduate studies and science. Australian Awards Endeavour is a short-term research fellowship for graduates and postgraduates, of four available foreign candidates (maximum AU$24,500 for studies up to six months), a technical research fellowship (maximum AU$18,500 for up to four months), a VET providing up to $6,500 every semester upto two and a half years of technical education and training (maximum AU$131,000).
International graduate students pursuing a full-time Masters or Ph.D. program can apply for a post-graduate bond that can provide upto AU$15,000 per semester to masters and four years to doctoral students (max AU$140,500 for Masters and AU$272,500 for Ph.D.).
You can apply for a Northcote Graduate Scholarship from the UK-Australian Society if you are a UK graduate student. This funding includes a three-year grant for your ride there or back, tuition fees, and fees.
Check with the Australian universities that are of interest to both undergraduate and postgraduate students, as a number of them offer student bonds at both national and international levels. Visit our list of bursaries to research in Australia for further funding opportunities.
The Cost of Student Visa in Australia
AU$575 (~US$414) is actually paid for a Visa Student (subclass 500). As a prerequisite for a visa for the duration of your stay, you will need to arrange an Overseas Student Health Cover (OSHC) for yourself and any family member accompanying you. You don’t have to use your university’s provider, just make sure that anything you select is approved by the government. OSHC Australia has a search feature that compares quotes from approved providers for medical insurance. We found AU$2,149.10 (~US$1,550) as the cheapest choice for an undergraduate student who does not have an accompanying family.
So, if you are looking for pursuing an education in Australia i.e. in the top Universities in Australia, then Sopedits Overseas is the place for you.