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Cost of Study & Scholarships

Education Costs:
The costs of studying in Australia depend on the institution and the level of study you choose. The list below gives you an indication of the range of course costs for different types of qualifications:

  • English language studies – Around $300 per week depending on course length
  • Vocational Education and Training (Certificates I to IV, Diploma and Advanced Diploma) – $10,000 to $22,000
  • Undergraduate Bachelor Degree – $18,000 to $30,000
  • Postgraduate Masters Degree – $22,000 to $32,000
  • Doctoral Degree – $25,000 to $37,000

Cost of Living:

  • According to the Australian government, an international student spends an average of AUD $1550 per month towards living expenses. But from the research, it is seen that Indian students spends around AUD $600 to $800 per month as living expenses which includes accommodation, food, entertainment, transportation, etc.
  • For a couple, the official living expense is AUD $2090 approx per month whereas Indian Couples spends around AUD $1200 per month.

Funding Requirement:

You have to submit evidence of your funds and it should be 3 months old from the date of application applied. It is needed for the maintenance of your stay in Australia.

The documents include:

  • Evidence of financial supporter’s occupation and annual income where a letter from the supporter’s employment is asked including full contact of the supporter, contact details and persona bank statement with tax returns of the last 3 years.
  • Loan disbursement letter.
  • CA statements of the supporter.
  • Balance sheet and signed boned with the company is needed in case of company sponsorship.
  • Evidence of ownership and valuation of land, income statement from the regional authority and receipt of sales and J form is needed in case of income sourced from agriculture.
  • Evidence of ownership of property and land deeds are needed for the evidence of rental income.
  • A letter from the company at the retirement stating the amount of pension is needed in case of retirement income.

The immigration department should be satisfied that the student will have enough access to the funds they claim for the travel, tuition and living cost for themselves and for their family members.

Unacceptable Funds                       Acceptable Fund
KVP, NSC                                                Fixed Deposits
Shares, debentures, bonds,                 Balance in Savings Account
LIC surrender value                              Public Provident Fund (PPF)
Capital account in business                 EPF, GPF, PF, CPF
C-op bank balance and FDs

Scholarship:

There are many scholarships which can help support you financially with your studies in Australia. They are offered by the Australian Government, education institutions, and a number of other public and private organisations. Here is information about some of the major scholarships programs available for international students:

  • Australia Awards – The program brings together scholarships offered by the Department of Foreign Affairs (DFAT), the Department of Education and the Australian Centre for International Agricultural Research (ACIAR).
  • International Postgraduate Research Scholarships – The International Postgraduate Research Scholarships (IPRS) program focuses on improving the quality of Australian research. An IPRS scholarship lets you study in Australia with some of the best researchers in your field.
  • Australia APEC Women in Research Fellowship – The program is open to high-achieving female researchers from APEC economies for research opportunities in partnership with Australian education and research institutions.

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