Are you planning to study in Australia this 2025? Here’s a comprehensive guide to explore the financial requirements for students to study in Australia.
Financial Requirements for Nepalese Students
- Course fees for 12 months
- OSHC (Overseas Students Health Cover)
- Living expenses for 12 months for you and any accompanying family members
- Visa Application Fees
- Money to pay for your travel
- Other supplies
- School fees of children accompanying you.
Course Fees
The principal factor associated with choosing the right course and university/college is the tuition fees. Tuition fees vary based on the level of education, course type, duration and individual fee policies of education providers. International students are charged approximately AUD 20,000 to 40,000 for undergraduate and AUD 22,000 to 50,000 for postgraduate degrees on average. Fees for doctoral degrees may cost anywhere between AUD 18,000 to 40,000.
Degrees in medicine, dentistry, veterinary sciences and aviation cost higher than the average fees exceeding AUD 50,000 annually.
OSHC (Overseas Student Health Cover)
OSHC is mandatory health insurance for international students and their dependents for the entire duration of their studies. This policy helps insured individuals to get urgent medical and hospital care during their formal education. There are 6 Australian government approved OSHC providers. You can choose which policy works best for you in OSHC Australia official site. Popular policies amongst Nepalese students include: Allianz Care, Bupa,.. etc. with average cost of AUD 590-700 annually.
Cost of Living
There have been significant changes in the living costs leading to a sizable increase yearly. Up until 10 May 2024, applicants had to present a financial fund supporting the living expense of AUD 24,505 for primary applicant, AUD 8,574 for de-facto partner and AUD 3,670 for dependent child.
Now, the revised cost of living in Australia for 12 months is as under:
● Student – AUD 29,710
● additional partner coming with you – AUD 10,394
● additional child coming with you – AUD 4,449.
Visa Application Fees
Australia has doubled its visa application fees for students effective from July 1st 2024. Up until June end, students paid AUD 710 as visa application fees for the primary applicant which is now AUD 1,600. This has caused many students to reconsider their choices of applying to Australia for studies.
Travel Costs
Estimated travel costs to Australia can vary from AUD 1000 (from within Australia) to AUD 3,000 depending on the region of your residency. Students traveling from Asia spend approximately AUD 2,000 as travel fares.
Other Costs
Other additional costs include academic supplies, clothing and personal expenses. These can vary depending on a student’s personal requirements.
School Costs
Only applicable to children traveling with the primary applicant; a minimum of AUD 13,502 annually must be included per child. However, the costs are subject to rise depending on the location of the schooling in Australia.
Despite the above requirement, if you have enrolled your child in an Australian Government School on fees waiver you do not need to provide the schooling cost evidence. Provided that, you have to be one of the following:
● a PHD student or
● You have received the Australian Commonwealth Govt. Scholarship including Foreign Affairs and Defence Support Students
With this criteria met, attach along with your visa application the evidence of your child enrollment as well.
learn more about studying in australia.
Frequently Asked Questions
Do we need to pay full tuition fees before traveling to Australia?
It is entirely dependent on the policies of specific providers. In order to grant a COE, certain schools and universities accept minimum fee deposits. Some, meanwhile, request payment of the entire first year’s fees. We advise looking into their websites to find out about how they handle tuition payments.
What is the cost of living in Australia? What is the annual cost of living in Australia?
There have been significant changes in the living costs leading to a sizable increase yearly. Up until 10 May 2024, applicants had to present a financial fund supporting the living expense of AUD 24,505 for primary applicant, AUD 8,574 for de-facto partner and AUD 3,670 for dependent child.
Now, the revised cost of living in Australia for 12 months is as under:
● Student – AUD 29,710
● additional partner coming with you – AUD 10,394
● additional child coming with you – AUD 4,449.