Cost of Studying in Popular Study-Abroad Destinations

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Cost of Studying in Popular Study-Abroad Destinations

One of your most-searched questions that demand well-researched and accurate answers would be regarding the cost of studying abroad in your dream destination. From the bustling streets of Manhattan to the rolling meadows in Ireland, appealing as these places are, it would be worth the investment only if you plan your finances meticulously.

The cost of living and education are two of the most important components of studying abroad - while your scholarships and bursaries can help to make the education costs manageable, the living costs still need to be planned to the T.

Sounds like quite the task, doesn't it? But, worry not. We've put forth quite the article here for you by discussing the living costs in each of these top study destinations - Australia, the UK, the USA, Ireland, and Singapore.

Let's get started! 

Components Involved in the Cost of Studying Abroad

What are the components involved in studying abroad? Starting from education costs, the rent you pay for accommodation and food expenses, to travel, internet, leisure and entertainment, there will be avoidable and unavoidable expenses to support your stay in the country.

Here, we'll make an estimate of the cost of living and education expected to be incurred in each of these countries!

Cost of Studying Abroad - Australia 

S.no

Components

Cost Involved (USD)

1

Tuition Fees

Undergraduate: $15,000 - $33,000 annually

Postgraduate: $20,000 - $37,000 annually

Diploma: $4000 - $22,000 annually

2

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

3

Food

$140 - $280 per week

4

Transportation

$30 - $60 per week

5

Medical Insurance

Minimum OSHC $452/year for singles cover

6

Visa

$575 for student visa

7

Entertainment

$80 - $150 per week

Benefits:

  • Many popular Australian universities are a part of the Top 100 QS World University Rankings list and are well known for their research and world-class learning facilities.
  • According to QS Best Student Cities Rankings 2022, Melbourne, Sydney, Canberra, and Adelaide are some of the most student-friendly cities in the world.
  • A laid-back lifestyle with beaches and natural delights, make Australia one of the most interesting study-abroad destinations. 

Cost of Studying Abroad - UK

S.no

Components

Cost Involved (in Pounds)

1

Tuition Fees

Undergraduate: £10,000 - £26,000 annually

Postgraduate: £11,000 - £30,000 annually

Diploma: £18,000 annually

2

Housing

£350 - £550 per month if you prefer outside accommodation

3

Food

£50 - £75 per week

4

Transportation

£30 a month

5

Medical Insurance

£470/year for your Immigration Health Surcharge

6

Visa

£348 for student visa

7

Entertainment

£30 - £50 a month

Note: You will be taxed at 20% on earnings (from part-time jobs) more than £12,570 a year.

Benefits:

  • The UK is home to some of the top universities in the world with exemplary teaching and research facilities, enabling a global learning experience for international students and helping them achieve their career objectives.
  • Most universities in the UK have partnerships with leading corporates that conduct campus interviews to select talented graduates with a passion to learn and evolve in a competitive environment.

Cost of Studying Abroad - USA

S.no

Components

Cost Involved (USD)

1

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)

2

Housing

On Campus: $800 - $900 each month

Homestay: $600 - $3,000 per month

Rental: $450 per month

3

Food

$150 - $200 a month

4

Transportation

$80 - $100 a month

5

Medical Insurance

$30 - $140 a month

6

Visa

Visa cost: $350

Visa Application Fee: $160

7

Entertainment

$150 a month

Benefits:

  • Many American universities are in the Top 100 QS World University Rankings list as well, and are known for their research, infrastructure and world-class learning facilities.
  • Career opportunities and higher education abound in the USA, it is one of the hottest study-abroad destinations of all time.
  • The USA provides a multi-cultural and diverse environment that's inclusive of minority communities to help international students manage the hassles of living abroad. 

Cost of Studying Abroad - Ireland

S.no

Components

Cost Involved (in Pounds)

1

Tuition Fees

Undergraduate: €9,850 - €20,250 per year

Postgraduate: €9,950 - €35,000 per year

Diploma: €4,000 - €9000

2

Housing

Hostel: €200 - 300 per month

Apartment: €400 - €900 per month 

3

Food

€250 - €350 a month

4

Transportation

€50 - €55 a month

5

Medical Insurance

€150 - €180 per year

6

Visa

Visa cost: €250

7

Entertainment

€60 - €100 a month

Benefits:

  • One of the major perks of studying in Ireland is the cost-effectiveness. The cost of living in Ireland is more affordable compared to the UK, the USA and Australia, making it one of the top countries to study in Europe.
  • With a friendly, welcoming environment and scenic natural beauty, Ireland is known for its rich quality of life, thus becoming a much-preferred choice in recent times for international students for fulfilling their career dreams abroad. 

Cost of Studying Abroad - Singapore

S.no

Components

Cost Involved (USD)

1

Tuition Fees

Undergraduate: $20,000 - $40,000 per year

Postgraduate: $40,000 - $50,000 per year

Diploma: $10,000 - $20,000 per year

2

Housing

On campus: $285 - $420 per month

Apartment: $600 - $1500 per month

3

Food

$150 - $800 a month

4

Transportation

$60 - $70 a month

5

Medical Insurance

$600 - $3000 depending on the plan

6

Visa

Visa cost: $64

7

Entertainment

$50 - $70 a month

Benefits:

  • One of the happiest countries in the world, Singapore is one of the best study destinations owing to the quality of life and career development prospects.
  • Singapore is also one of the safest countries in the world with a diverse cultural landscape, making it a top choice for students worldwide.


If you're interested to know more about studying abroad and the top courses and universities in your dream destinations, here's a golden opportunity for you!


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