Australia has emerged as one of the most sought-after destinations for higher education among international students. The country is known for its world-class universities, vibrant multicultural environment, and promising career opportunities. If you know how much does it cost to study masters in A, then it will be easy for you to pursue a master’s degree in Australia. You can also get an education loan to study in Australia if you require additional funds. This blog will help you to understand the expenses associated with studying for a master’s in Australia.
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How Much Does It Cost to Study Masters in Australia?
The cost of studying for a Master’s degree in Australia varies depending on the university, program, and duration of the course. On average, tuition fees range between AUD 20,000 and AUD 50,000 per year for international students. Fields like engineering, medicine, and business tend to be more expensive. Students need to consider living expenses, which typically range from AUD 20,000 to AUD 27,000 annually, covering accommodation, food, transport, and personal costs. You can also apply for scholarships to study in Australia which will help you to manage the tuition fee more efficiently.
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Tuition Fees
The tuition fees for a master’s program in Australia vary depending on the university, course, and duration. Popular courses like engineering, IT, and business tend to have higher fees. Check the average tuition fee to study masters in Australia below:
- Public Universities: Tuition fees range from AUD 20,000 to AUD 37,000 per year.
- Private Universities: Tuition fees can go up to AUD 40,000 to AUD 50,000 per year for specialized programs.
- MBA Programs: AUD 40,000 to AUD 65,000.
- Engineering: AUD 28,000 to AUD 48,000.
Living Expenses
Australia offers a high standard of living, and the cost reflects that. According to the Australian Government, the average cost of living for international students is approximately AUD 21,041 per year. Check the average cost of accommodation and living in Australia below:
- Accommodation: AUD 85 to AUD 440 per week (depending on whether you opt for shared rentals, on-campus housing, or private apartments).
- Groceries and Eating Out: AUD 140 to AUD 280 per week.
- Transportation: AUD 30 to AUD 60 per week (students get discounts on public transport in most states).
- Utilities (Electricity, Gas, Internet): AUD 10 to AUD 20 per week.
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Health Insurance
Health insurance is mandatory for international students in Australia, ensuring they have access to essential medical services during their stay. Overseas Student Health Cover (OSHC) is specifically designed for this purpose and must be purchased before arriving in the country. It typically covers doctor visits, hospital treatment, limited medications, and emergency ambulance services. The cost varies depending on the provider and duration of coverage. Student travel insurance for Australia ranges from AUD 500 to AUD 1,500 annually. Students can choose from several approved OSHC providers and should compare policies to find one that best suits their healthcare needs.
Visa and Other Miscellaneous Costs
In addition to tuition and living expenses, international students in Australia must budget for visa application fees, which typically cost around AUD 1600 for a Student Visa (subclass 500). Other miscellaneous costs may include airport transfers, student union fees, and the purchase of essential items like textbooks and supplies. Check the details of the cost below:
- Student Visa (Subclass 500): AUD 1600
- Flight Tickets: An economy-class ticket from India to Australia costs around INR 40,000 to INR 90,000, depending on the season and airline.
- Study Materials: AUD 500 to AUD 1,000 annually.
- Miscellaneous: Entertainment, outings, and personal expenses may add another AUD 200 to AUD 300 monthly.
While the cost of studying for a master’s in Australia might seem steep, the investment pays off with excellent education quality and global career opportunities. By understanding the expenses and planning smartly, international students can make their Australian education journey both affordable and enriching.
FAQs
Tuition fees for a Master’s degree in Australia typically range from AUD 20,000 to AUD 50,000 per year, depending on the course and university. Living expenses add another AUD 20,000 to AUD 27,000 annually.
Tuition fees for popular programs like MBA range from AUD 40,000 to AUD 65,000, while Engineering courses cost between AUD 28,000 and AUD 48,000 per year.
The average living cost for international students in Australia is approximately AUD 21,041 per year, which covers accommodation, food, transport, and personal expenses.
Accommodation costs vary, with shared rentals costing around AUD 85 to AUD 440 per week, depending on the location and type of housing.
On average, students spend between AUD 140 and AUD 280 per week on groceries and dining out.
Transportation expenses are about AUD 30 to AUD 60 per week, with students often receiving discounts on public transport.
Yes, international students must purchase Overseas Student Health Cover (OSHC) before arrival. The cost typically ranges from AUD 500 to AUD 1,500 annually.
A Student Visa (subclass 500) costs around AUD 1,600.
Miscellaneous costs include flight tickets (around INR 40,000 to INR 90,000), study materials (AUD 500 to AUD 1,000 annually), and personal expenses like entertainment (AUD 200 to AUD 300 monthly).
Yes, students can apply for scholarships to help manage tuition fees. These scholarships are offered by universities and other organizations to support international students.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
