August 02, 2023
What is the cost of studying in popular study-abroad destinations for an international student?
by Arunachalam
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.
Written by
Arunachalam
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