Studying in Australia is more expensive than Studying in USA and UK for international students

According to a recent study which has been done across 13 countries revealed that Australia is most expensive country for international students. The study also revealed that international students will spend somewhere on an average cost of US$ 38,515 per year in Australia, whereas Germany was found to be the cheapest with up to US$ 6,285.

In this study, USA has been ranked at second place, which does not include expenses of an international students studying in any Ivy League university.

The research was conducted by global bank on cost of tuition fees and living expenses for international students. Data was collected on the basis of average tuition fee for international students in top 10 largest institutions in each country. The cost of living has been calculated considering the rate of inflation.

USA was the second most expensive country for international students with cost of tuition fee and living expenses up to $35,705. Whereas, for international students in Ivy League universities could pay over two-third (67%) on top of this amount, with average total costs reaching $ 58,760 per year. in this survey, UK took the third most expensive place for studying for overseas students with annual fee of $ 19,291 and living costs of $ 11,034.

Nowadays, more and more students are searching for such destinations which are affordable studying abroad option, the study suggests Germany as the most affordable with annual fee of $ 635 and expenses on cost of living at $ 5,650. In countries like Japan, Russia, China and Germany annual cost of living exceeds annual tuition fees and some cases, cost of living is double tuition fees paid by foreign students.

As per the study, UAE is the fourth most expensive. UAE, Hong Kong and Singapore are emerging as premier emerging market destinations. But the regional director for IDP Education, South Asia, Harmeet Pental, claimed the comparison has to be done between two likes. “Though cost of tuition fees and cost of living will be enough to determine total expenditure, it has to take in to account factors like scholarships and benefits students get which make costs affordable.”

He further added that different countries have their share of affordable institutions and most expensive institutions, and it is not fair enough to make comparison, he also mentioned, “It also depends on period of education. Undergraduate and post-graduate programmes in all these countries are not of the same duration.” The agency provides assistance for study abroad options.