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How Much Do You Really Need To Study Overseas?     

Studying abroad can be expensive, especially if you are flying to destinations such as the United States or the UK. 

However, considering the benefits of an overseas degree and obtaining a good headstart to your career goals, the price tag is definitely a worthwhile investment!

But before you apply for your course, it is important to consider the financial investment you will have to set aside upfront plus how much you will need to cover your monthly expenses as an international student.

This will help you better plan ahead to understand if you need financial support or if working part-time overseas is necessary to keep up with your expenses.

In this article, we will break down the average tuition fees as well as the cost of living for highly popular and recognised study destinations.

1. Australia

Australia is a very popular study destination due to not only having a range of highly recognised universities but the beautiful countryside and adventures in the city students can embark on.

The average annual tuition fee at one of Australia’s tertiary institutions ranges between AUD$20,000 to AUD$45,000 for undergraduate degrees and up to AUD$50,000 for a postgraduate masters degree.

The average cost of living for an international student in Australia works out to be AUD$21,041. While this amount includes your living expenses, you will also have to factor in your travel expenses from your home country to Australia.

2. The United Kingdom

The UK is one of the most prestigious study destinations in the world, being home to some of the world’s top universities and leading institutions. However, with that comes a steeper price tag for students to consider.

The average annual tuition fee for an undergraduate bachelor degree ranges from £15,000 to £20,000 while post-graduate and doctoral studies can reach up to £25,000 and £30,000 respectively.

The cost of living in the UK will vary depending on the city you are living in, your lifestyle needs and the accommodation you require. The monthly living cost of studying in London can easily cross £1,530 while other parts of the UK such as Birmingham and Manchester will be substantially lower and just slightly below £1,000.

3. Canada

Canada is a very popular study destination for international students and offers an array of recognised institutions and experiences.

The average annual tuition costs here for an undergraduate bachelor degree range from CAD 20,000 to CAD 30,000 while post-graduate and doctoral studies can reach up to CAD 30,000 and CAD 15,000 respectively.

Staying in one of the major cities in Canada, such as Toronto and Vancouver will cost you around CAD1,887 to CAD 1,997 in monthly living expenses. However, a good alternative is to move towards less populated cities such as Montreal where the cost of living drops to CAD 1,520.

4. New Zealand

Known for its breathtaking landscapes that inspire a sense of adventure and exploration, New Zealand has always been popular as a study destination for international students.

The average annual tuition fee here for an undergraduate bachelor degree range from NZ$ 25,000 to NZ$ 35,000 while post-graduate and doctoral studies can reach up to NZ$ 40,000 and NZ$ 25,000 respectively.

When staying in New Zealand, it is recommended that students budget between NZ$ 1,500 to NZ$ 2,200 per month for their living expenses. This amount will be on the lower end in cities such as Christchurch and hit the upper ranges in destinations such as Auckland.

5. Ireland

Ireland is a popular study destination known for its old-world charm, beautiful scenery and highly reputable universities across diverse fields.

The average annual tuition fee here for an undergraduate bachelor degree range from € 10,000 to € 25,000 while post-graduate and doctoral studies can reach up to € 15,000 and € 10,000 respectively.

Compared to other European countries and the UK, the cost of living in Ireland is relatively cheaper. Expect to budget around €1,573 for your monthly expenses in Dublin, but if you are living in cities such as Cork or Galway, you’ll only need around €1,250 to enjoy the same standard of living.

6. The USA

The USA is perhaps the most popular study destination for international students for its metropolitan society, rich diverse culture and wide range of institutions that are world-renowned.

The average annual tuition fee here for an undergraduate bachelor degree range from US$ 25,000 to US$ 50,000 while post-graduate and doctoral studies can reach up to US$ 35,000.

Living in the USA, depending on your state, can become an expensive affair. Studying in iconic cities like New York will require a monthly living expenses budget of US$ 2,866 while cities like Chicago Illinois will only require US$ 1,835 for the same standard of living.

Calculate Your Cost Of Living With IDP’s Cost Of Living Calculator

While the above figures can give you a good indication of how much to budget and expect, you’re living situation and lifestyle needs will affect your cost of living.

Get a more accurate estimate for your monthly living expenses budget with IDP’s Cost of Living Calculator today!

You’ll be able to get a clearer view of your monthly budget across various countries (and cities), the types of accommodation you’d prefer, as well as your food and transportation needs.

Embark On Your Study Abroad Adventure With IDP Today

If you are still wondering how much exactly you’ll need to study abroad for your dream course, our education counsellors are here to help!

From helping you with your course selection and application to sitting down with you to work out your monthly expenditure and budget, we’ll ensure you’ll apply to your dream course with confidence.

Book your appointment with an education counsellor now!
 

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