August 02, 2023

What is the cost of studying in popular study-abroad destinations for an international student?

by Arunachalam

What is the cost of studying in popular study-abroad destinations for an international student?

One of your most frequently asked questions, and one that demands well-researched and accurate answers, is the cost of studying abroad in your dream destination. From the bustling streets of Manhattan to the rolling meadows of Ireland, as attractive as these places are, they are only worth the investment if you plan your finances carefully.

The two of the most important components of studying abroad are the cost of living and education, even though your scholarships and bursaries can help make the cost of education manageable. The cost of living still needs to be planned down to the last detail.

Sounds like quite a task, doesn't it? But not to worry. We've put together a whole blog for you, looking at the cost of living in each of the top study destinations - Australia, the UK, the USA and Ireland.

Elements of the cost of studying abroad

What are the elements of studying abroad? From the cost of your education, the rent you pay for accommodation and food, to travel, internet, leisure and entertainment, there will be avoidable and unavoidable expenses to support your stay in the country.

Here, we'll give you an estimate of what you can expect to spend on living and studying in each of these countries!

Cost of studying in Australia

Components Cost Involved (USD)
Tuition Fees Undergraduate: $15,000 - $33,000 annually
Postgraduate: $20,000 - $37,000 annually
Diploma: $4000 - $22,000 annually
Housing Hostels and Guesthouses: $90 - $150 per week
Shared Rental: $95 - $215 per week
On campus: $110 - $280 per week
Homestay: $235 - $325 per week
Rental: $185 - $440 per week
Boarding schools: $11,000 - $22,000 a year
Food $140 - $280 per week
Transportation $30 - $60 per week
Medical Insurance Minimum OSHC $452/year for singles cover
Visa $575 for student visa
Entertainment $80 - $150 per week

Advantages:

Many of Australia's top universities are included in the QS World University Rankings Top 100 list. They are renowned for their research and world-class learning facilities.

According to the QS Best Student Cities Rankings 2022, Melbourne, Sydney, Canberra and Adelaide are some of the most student-friendly cities in the world.

Cost of Studying in the UK

Components Cost Involved (in Pounds)
Tuition Fees Undergraduate: £10,000 - £26,000 annually
Postgraduate: £11,000 - £30,000 annually
Diploma: £18,000 annually
Housing £350 - £550 per month if you prefer outside accommodation
Food £50 - £75 per week
Transportation £30 a month
Medical Insurance £470/year for your Immigration Health Surcharge
Visa £348 for student visa
Entertainment £30 - £50 a month

Note: You will be taxed at 20% on earnings (from part-time work) in excess of £12,570 a year.

Advantages:

The UK is home to some of the world's top universities with exemplary teaching and research facilities, providing international students with a global learning experience and helping them to achieve their career goals.

Most universities in the UK have partnerships with leading companies who conduct on-campus interviews to select talented graduates with a passion for learning and developing in a competitive environment.

Cost of Studying in the Ireland

Components Cost Involved (in Pounds)
Tuition Fees Undergraduate: €9,850 - €20,250 per year
Postgraduate: €9,950 - €35,000 per year
Diploma: €4,000 - €9000
Housing Hostel: €200 - 300 per month
Apartment: €400 - €900 per month
Food €250 - €350 a month
Transportation €50 - €55 a month
Medical Insurance €150 - €180 per year
Visa Visa cost: €250
Entertainment €60 - €100 a month

Advantages:

One of the main advantages of studying in Ireland is the cost effectiveness. The cost of living in Ireland is more affordable than the UK, USA and Australia, making it one of the top countries to study in Europe.

Cost of Studying in the USA

Components Cost Involved (in Pounds)
Tuition Fees Undergraduate: $20,000 - $40,000 per year
Postgraduate: $20,000 - $45,000 per year
Diploma: $28,000 - $55,000 per year
(Most doctoral degrees are 100% funded through research/teaching assistantships and research aid)
Housing On Campus: $800 - $900 each month
Homestay: $600 - $3,000 per month
Rental: $450 per month
Food $150 - $200 a month
Transportation $80 - $100 a month
Medical Insurance $30 - $140 a month
Visa Visa cost: $350
Visa Application Fee: $160
Entertainment $150 a month

Advantages:

Many American universities are also in the top 100 of the QS World University Rankings and are renowned for their research, infrastructure and world-class learning facilities.

Career and higher education opportunities abound in the USA, making it one of the hottest study abroad destinations of all time.

If you need any further help to make your decision to choose your study destination do get in touch with our experts at MWT Education Consultancy.

Arunachalam

Written by
Arunachalam

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