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Study Investments

Study Expenses

*Australia uses Australian Dollar or AUD as its currency.
As it is a very popular study destination, applying for scholarships in Australia is highly competitive. If you are planning to finance your studies yourself, you should be aware of the costs associated with studying and living in this destination.

As with most other countries, the cost of education in Australia is dependent on the type and duration of your studies. For example, English Language Courses are available at approximately $300/week. Vocational training or education on the other hand will cost you around $4,000 to $22,000. The significant difference in the range of cost is because vocational training or education usually awards Certificate Levels (from I to IV), Diplomas and Advanced Diplomas, with the cost getting higher for the latter.

Undergraduate Bachelor Degrees will have you spending $10,000 to $33,000 a year. The higher cost is associated with pursuing your degree in a private university. Studies taken in a public institution will generally cost less.

A Postgraduate Master’s Degree has an approximate cost of $20,000 to $37,000 per year, while cost for Doctoral Degrees on average range from $14,000 to $37,000. As with an undergraduate degree, private education may be a reason for higher costs.

Living Expenses

Generally, the Department of Immigration and Border Protection requires $18,610 as the minimum cost of living to issue a student visa. Your living expenses in Australia will depend highly on which region you plan to live in. For example, more urbanized areas will have higher costs for accommodation. The type of accommodation is also important. Hostels and guesthouses range from $80 to $135 a week, while shared rentals and on-campus accommodation will cost $70 to $250. More expensive options are homestay ($110 to $270 per week) and rental ($100 to $400 per week).

Aside from accommodation, your weekly expenses will most likely include groceries or eating out ($80 to $200), gas and electricity ($60 to $100), phone and internet ($20 to $50), public transport ($10 to $50) and entertainment ($50 to $100).