Cost of Studying Abroad: Tuition Fees & Student Living Costs
Wondering how much money you need? Education experts will help you budget it out!
You’ve decided to study abroad and explore the world! Let IDP help you figure out the cost of studying abroad and then make your decision on solid grounds. Our guide will help you plan your budget and manage your finances with ease, without having to worry at all. And yes, we’ve covered basic all expenses like accommodation, food, health coverage, communication and travel as well!
Tuition fee is your primary expense
This is the most important and major chunk of your study abroad expenses and depends on the type of qualification and institution you opt for. Here’s a quick overview of the tuition fee for different programs in IDP top destinations.
|Destination||Undergraduate Program (annually)||Postgraduate master's degree (annually)||Doctoral degree (annually)|
|Canada||CAD 13,000 to 20,000||CAD 17,000 to 25,000||CAD 7,000 to 15,000|
|New Zealand||NZD 20,500 to 25,000||NZD 19,000 to 29,000||NZD 6,500 to 9,000|
|Australia||AUD 15,000 to 33,000||AUD 20,000 to 42,000||AUD 20,000 to 42,000|
|UK||£10,000 to 20,000||£10,000 to 20,000||£15,000 to 24,000|
|US||USD 20,000 to 40,000||USD 20,000 to 45,000||USD 28,000 to 55,000|
|Ireland||€9,850 to 25,500||€9,500 to 34,500||€9,500 to 34,500|
*Please note all fee figures are indicative
Where will you stay?
Your IDP counsellor can help you explore various accommodation options available to you in your study destination.
- You can choose from on-campus residence facilities if your institution offers one
- Off-campus accommodation options include sharing apartments with a fellow student. Remember, the rentals vary from region to region.
Know your student visa cost
Every country has its own set of rules and costs when it comes to visa. Speak with your IDP counsellor to know the latest updates regarding the student visa procedure of your chosen study destination.
Don’t ignore your living expenses
When you stay in a new country, you’ll have to adapt to its culture and ways of living, and this sometimes comes with a cost. Keep some money aside for your everyday expenses, grocery, communication (data and calling) expenses, stationery, utilities, social activities and emergencies. Do keep track of your expenditures to manage your budget well.
To have a close approximate of what your living expenses when studying abroad may look like, try our cost of living calculator.
You’ll have to commute
Enquire if your institution provides with a shuttle service. If not, you’ll have to rely on the available public transport. Locally, you can make use of regional trains, buses, and subways, the schedule of which is available on the web or government listings. Getting monthly passes for commuting to your institution is an affordable option.
Health support is important
Make sure you have medical insurance before your program starts, it is mandatory for all students travelling abroad! For instance, the average cost for medical insurance in Canada ranges between CAD 300- CAD 800 a year (indicative).
Just know that as an international student, you will have access to extensive health and support services in every destination. Your IDP counsellor will help you with the health insurance that is right for you.
When you earn, you pay taxes
International students abroad are allowed to work for a few hours every week (approximately 20 hours) during academic sessions and full-time during vacations. Remember, when you earn, you’ll be liable to pay taxes as well. Do ensure if your visa conditions permit working, and check with your counsellor about such opportunities.
Do consider the exchange rate variations as they may also affect your budgeting. It is a wise idea to look for a part-time job or seek scholarships to lower the cost of studying abroad.
Contact your IDP counsellor now to assist you in finding the right university for you and help you get where you want to be!