List of Expenses to Study in Australia

Aside from its esteemed universities, Australia provides a rich culture, beautiful beaches, warm sunlight, mouthwatering cuisine, and a wealth of chances to rediscover oneself. Yet, creating a thorough budget for the upcoming years is one of the most important things to think about before applying for the visa to ensure that everything goes as planned.

Being able to demonstrate to the Australian government that you have enough money to cover your living expenses and tuition bills for the duration of the study time is crucial when applying for a visa. So, it’s critical to have a comprehensive understanding of the expenses you’ll incur. Below is a simplified breakdown of an estimated budget and listof

Type of Cost	Average Cost Per Annum (in AUD)
Tuition Fees (depending on course type, level of study, and university)	Anywhere between 4,000 to 40,000 (could be anywhere from 80,000 to 88,000 for Master of Business Administration)
Cost of Accommodation	Around 12,000-20,000
Food and Entertainment	1,920- 5700
Travel	Depends on your place to stay (30 to 60 per week approximately for public transport)
Overseas Student Health Cover	Will be taken once during admission

Simplified breakdown of an approximate budget

Please note that the list provided is a template for you to plan out an estimated budget. The actual costs may increase or decrease depending on miscellaneous expenses. Also, aside from the basic cost of accommodation, travel, healthcare, food, and entertainment, you must also state that you will have enough funds to buy return tickets to your home country. Moreover, if you wish to take any dependents along with you, keep in mind that all costs mentioned here are calculated on a single-person basis. Hence, you will need to have proof of sufficient funds for you and your dependents, including return airfare.

External charges

External charges may vary between institutions, courses, and students who live in dorms or in off-campus housing.

The tuition fees must be paid before you are officially enrolled in your program, usually once every term. There are also costs of materials and facilities provided by institutions, such as library costs, labs, lockers, and class trips that are not included in the tuition fees. Sometimes universities combine a few of these external charges and make students pay a “service fee” every term.

The tuition fees are calculated differently in Australia compared to other countries. Every unit of study is counted in a band, which is then added up throughout the duration of the entire academic year. Therefore, tuition fees for students within the same course may vary.

So, our counsellors at V4U Global can guide you in preparing a smart management policy so that you can plan ahead, spend wisely, and turn Australia as the price-savvy option for you!