Located in the southern hemisphere, between the Indian and the Pacific ocean, Australia is the most preferred study overseas destination among international study overseas aspirants.
Home to some of the leading educational institutions, the country is known for its excellent education system, quality of living, lucrative work prospects, and a lot more. Standing proud with 7 of the top 100 universities in the world, Australia is an ideal study abroad destination.
Top Reasons to Study in Australia
Australia is a diverse nation with a huge variety of opportunities. Here are the top perks of studying in Australia:
• Top quality universities
• Variety of study programs
• Flexible Education System
• Incomparable quality of life
• Lucrative work opportunities
• Cultural diversity
1. Cost of Education in Australia
The cost of education in Australia is quite on the higher side compared to other destinations like the US, UK, and Canada. Studying in this country can be an expensive affair but if a student plans it well in advance, the expenses can be managed well. They can also avail an education loan for studying in Australia.
2. Tuition Fee is the Prime Expenditure
The tuition fee to study at an Australian University depends on the type of qualification, chosen university, study field, level of study, and sometimes also on the location of the university.
Here is a quick rundown of average tuition fee to study in Australia:
• Vocational Education and Training: $15000 - $22,000 per year
• Undergraduate Bachelor’s degree: $20,000 - $45,000 per year
• Postgraduate Master’s Degree: $20,000 - $45,000 per year
• Doctoral Degree: $20,000 - $42,000 per year
3. Cost of Accommodation and Living in Australia
Most Australian universities offer both on-campus and off-campus accommodation to study in Australia. On-campus accommodation is quite affordable compared to off-campus accommodation.
When it comes to the living cost, it entirely depends on various factors like standard of living, chosen city, and one’s monthly expenses. Let us take a quick look at the cost living cost and cost of accommodation in Australia:
Accommodation Costs
• On-Campus: $110 to $280 per week
• Off-Campus: $90 to $150 per week
Living Costs
As per the Government of Australia, the living expenses for a year in the country go up to $21,041 per year.
Funding options for Higher Studies
• Apply for an Education Loan: To cover the cost of studying in Australia, there are options like student loans for studying abroad. Financial institutions like banks, NBFCs, and international lenders offer an overseas education loan to study overseas aspirants. Both secured and unsecured overseas education loans are great ways to fund an international degree.
• Apply for Scholarships/Fellowships: Another way to fund an international degree in Australia is by applying for scholarships and fellowships. Australian universities offer scholarships to deserving candidates. Students with an excellent track record should submit the scholarship application before the deadline passes.
For details regarding any particular Australian universities, loan option or scholarship, feel free to connect with us at www.elanloans.com