With seven institutions ranked in the top 100 of the QS World University Rankings 2023, Australia is undoubtedly one of the top destinations for international students. The Group of Eight (Go8), which includes Australia's research-intensive universities, has moved the country higher on the list of countries providing quality higher education. Study in Australia for Indian Students. An exemplary education system, global reputation, vibrant cities, impressive technology, stable economy and quality lifestyle make Australia a sought-after education destination for international students. As a developed country, the cost of studying in Australia is relatively higher than most countries in the world. However, this cost varies depending on the choice of study program and the cost of living in Australia. So, if you are wondering how much it costs to study in Australia, read on for details.
Annual Tuition Fees in Australia for International Students
On average, annual tuition fees in Australia for a bachelor's degree can range from AUD 9,000 to AUD 50,000, and tuition rates for a master's degree can range from AUD 9,000 to AUD 54,000.
To manage the costs better, Indian students can take student loans from:
Nationalised 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 factors like the loan provider, duration, etc.
Cost of studying in Australia for students
To understand the cost of studying in Australia, we need to understand the pre-arrival costs and the cost of living in Australia.
Pre-arrival fee: This will cost around AU$3,000. Pre-arrival costs include airfare, standardized test fees, university fees, and visa fees.
Cost of living in Australia: The cost of living in Australia for international students varies depending on factors such as accommodation location, transport, diet, etc. Students who have an idea of the average cost of studying in Australia can plan their finances in advance. The best way to minimize the cost of living is to choose shared accommodation or short-term accommodation.
Scholarships in Australia
International students who want to study at a low cost in Australia should apply for scholarships offered by the Australian government, public or private universities and tertiary institutions to deserving international students. These can reduce the cost of studying in Australia for Indian students. Here are some Australian scholarships that you should consult before applying for your dream course in the country:
ANU Rector's International Scholarship: The award can be awarded to up to 80 Indian students who are eligible for a 25% to 50% tuition fee waiver. Selection for the same is based on academic merit.
Bill & Melinda Gates Foundation – Gates Cambridge Scholarship: Eight scholarships are awarded under the program. Benefits include £17,500 for 12 months, arrival visa fees and immigration medical surcharge costs, one-way airfare and a €100 discount.
UNSW's Change the Future Scholarship: A stipend of AUD 10,000 per year is awarded to Indian students enrolled in UG and PG courses for the minimum duration of the programme. Awards are awarded on the basis of academic merit.
Part-time jobs for international students and their taxes in Australia
The Australian student visa allows international students to work 20 hours per week while studying and full time during semester breaks. Bachelor of Australia for Indian Students. This not only eases the burden of tuition fees in Australia but also contributes to providing overseas work experience. However, income earned by students from part-time work is taxable. They must obtain a tax file number (TFN). TFN applications must be submitted online through the official website. Any income of AUD 18,200 or more is taxable.
Australia is currently the third most popular destination for international students in the English-speaking world, after the United States and the United Kingdom. Many international students choose to study there because of the cultural diversity, friendly locals, and high quality of education. Graduates from Australian schools are highly sought-after due to the impressive international reputation of the Australian education system. This system is carefully regulated by the government to maintain high educational standards in the country.
Australia's standard of living is among the highest in the world. The cost of living and tuition fees in Australia are significantly lower than in the US and UK. International students can work part-time while studying, allowing them to offset living costs. There is also the possibility of scholarships, which help reduce the cost of study for international students. MBA in Australia for Indian Students. International students are allowed to work up to 20 hours per week while studying in Australia. This is a great opportunity for those looking to earn money to cover living costs while there and for students who want to gain work experience in a field of interest while studying. Check out some important things to keep in mind for students working at Oz.
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