Cost of Education in Australia for International Students

 

One of the top study overseas destinations, Australia hosts around one lakh international students every year. The number of students moving to Australia in search of quality education is constantly on the rise. The cost of education in the country is on the higher side comparative to the countries like UK and Canada. 


The majority of the students opt for an education loan for studying in Australia to finance their international degrees. The overseas education loan covers the cost of tuition fees, accommodation, travel and living expenses. 


Australian Universities offer various degree programs at bachelor's, master's, and Ph.D. levels. The course and study costs in Australia depends on the education provider and level of study. To get a brief idea, let us take a closer look at the average tuition fees to study in Australia:

Cost of Accommodation in Australia

Majority of the Australian universities offer on-campus accommodation to the international students that promises safety and security of the student. The option of off-campus accommodation is also available in the country where students must live with a local Australian family. Students can also share the apartment with other candidates coming from other foreign countries. 


The average cost for accommodation
• On-campus: $110 to $280 per week
• Shared Rental: $95 to $215 per week
• Single Rental: $185 to $440 per week
• Homestay: $235 to $325 per week


In Australia, the students are expected to pay the rent in advance every two weeks in advance. If aspirants wish to include the cost of accommodation in student loans for studying abroad, they need to specify it at the time of availing an overseas education loan.
 

Cost of Australian Student Visa

To study in Australia, students must secure a student visa that comes with its own cost of around AUD 630. Applying for an Australian visa can be a little difficult; hence we suggest taking assistance for the same.
Students can get in touch with us for visa assistance and other services related to overseas education.
 

Cost of living in Australia

The average cost of living in Australia falls in the bracket of $20,000 and $27,000 for a year. This includes the cost of groceries, accommodation, social activities, and emergencies.
If a student has applied to study in Australia on a student-dependent visa, then he/she will have to fetch additional costs. Read on to know!
• For students or guardians: AUD$21,041
• For partners coming with the students: AUD$7,362
• For a child coming with the students: AUD$3,152
 

International students are required to consider health support and insurance cost as it is the mandatory expense.
 

We hope that you have got a brief idea about the required expenses to study in Australia. Book a free consultation session and fill in the online loan application for abroad studies with the leading financial lenders. Reach out to us.

Comments

Post a Comment

Popular posts from this blog

Different ways Students can Carry Money Abroad

Image
Students going abroad need money for their travel, accommodation, food, educational expenses and so on throughout their educational stay. In this case, international debit/ credit cards are not advisable in the first place. The new smart ways to complete foreign transactions are forex cards and wire transfers. This can be useful for anybody travelling abroad for any reason, travel, work, leisure or study. Spend smart with Forex Cards: Ease of Global Use: Forex Cards are easy to use as they are prepaid cards. This enables the user to swipe the card at airports, food counters, hotels and wherever required instead of using cash currencies or international credit/ debit cards. Safe for Transactions: Forex Cards come with a chip and PIN, that make it secure for use. Forex Cards are helpful for students specially as it is safer to use and carry. Students staying in hostel or dormitories are often under the threat of stealth. Travelling to new places is also a risk for
Read more

State Bank of India Offering Study Abroad Loan

Image
  When it comes to pursuing higher studies abroad, one of the major concerns is how to finance the foreign degree. Majority of the aspirants then turn to availing an education loan. In India, there are many public banks, private banks like State Bank of India, Bank of Baroda, Axis Bank, ICICI Bank and NBFCs like HDFC Credila and Incred that offer a loan to the Indian students. In this blog, we are going to take a closer look at various aspects of overseas education loan offered by State Bank of India. So, let’s get straight into it!  State Bank of India, one of the prominent financial lenders in India is the first choice of study overseas aspirants when it comes to availing an overseas education loan for foreign studies. Alike all other financial institutions, SBI also offers two types of education loans i.e., Secured Education Loan and Unsecured Education Loan. SBI being a government bank, there are various advantages of offering a foreign education loan from the aforesaid bank. Read
Read more

An overview of Overseas Education Loan Process

Image
Aiming for Higher Studies Overseas? Do you require an Overseas Education Loan? Then this article will surely help you. Over the years, education loans have become the most reliable source of funding higher education overseas. There has been an exponential rise in the number of Indian students opting for studies abroad in the past two decades despite its heavy cost. Thanks to the availability of education loans for abroad studies which ease out the burden. There are numerous advantages of taking overseas Education Loans like, •    100% Funding •    Pre-admission Loan •    Income Tax Benefits And many more…… The overseas education loan requirements are: •    Credit Score •    Documents Checklist based on the University •    Students Document Checklist •    Parent’s/Sponsor’s Documents Checklist •    Collateral Security Documents Checklist There are innumerable banks and other financial institutions in the market offering education loan. Many parents are not aware about the country-s
Read more