How much does it cost to study in Abroad

Studying abroad is expensive than studying in the home country. One of the important factors which international students apply to compare the study abroad countries is the cost of study. Different countries have different fee structures, education systems, the value of currency etc. So it is better that you should first calculate the total cost of study then finalise the country.

Significant factors of cost to study in abroad

While calculating the overall cost of studying abroad, you need to consider many elements. These elements are mentioned below:

• Tuition fee: First main expenses of study abroad is the tuition fee of the foreign university. The fees depend on the university you choose to study your preferred course. Public universities have low tuition fees compared to private universities, as public universities receive funding from the government. However, the quality of education remains the same depending upon the country you choose. 
• Accommodation/housing cost:  After considering the tuition fee next your major part of your overall cost of studying in a foreign country would be your accommodation expenses. Housing or accommodation expenses are the biggest concern for each student going to study abroad. However, not every student gets the opportunity for university accommodation. They have to take shelter in rented places.
• Living cost: This cost includes your meals, groceries, telephone expense, electricity bill, internet expenses etc. In short, your everyday expenses are included in it. It depends on the location you choose to stay and the way of your lifestyles. Many international students try to cover their living expenses by working part-time wherever possible along with their studies. However, part-time work has its limitations for different countries. 
• Study expenses: For studying at the abroad universities, you will require to spend some money on your course material and project world. For a theoretical course, you will require books that sometimes can be borrowed from the library or bought second hand. For practical courses your need to purchase materials to create the projects.
• Visa fees: For studying abroad you will require a student visa for entering the new country. For applying for the student visa, you will require to pay some money. Each country charges a different visa application fee. So while calculating the cost of studying abroad, student visa fees must also be included.
• Health Insurance expense: It is compulsory to have health insurance for studying abroad. Even for the visa application, you would need to submit your health insurance documents for getting approval. Different countries have different costs for insurance.  For example, it would cost around 29.10 Euro per month for studies within Europe, 70.03$ in the USA etc.
• Transportation: After tuition and living, transportation is one of the major expenses which students should include while planning their cost arrangements for studying abroad. Along with flight expenses, you should also consider the travel expenses of your daily life in a new country. 

How much does it cost to study abroad in Australia

The fee structure of universities in Australia is such that it gives its students proper practical knowledge and the fee is worth it.  Studying in Australia can be quite expensive but, surely, you will get an education which is valued all over the world.  On an average the tuition fee can be:

Along with tuition fee, the other expenses for studying in Australia are tabulated with their the average amount of cost here:

For more information, check this out: Cost of studying in Australia