Studying abroad is more expensive than studying in your home country. One of the important factors that international students apply to compare study abroad countries is the cost of study.
Different countries have different fee structures, education systems, currency values, etc. Therefore, it is better that you calculate the total cost of the study first, and then finalize the country.
The Cost of Studying Abroad
When calculating the total cost of studying abroad, there are many elements to consider. These items are mentioned below:
Tuition Fee: The first major expense of studying abroad is foreign university tuition. Fees depend on the university you choose to study and your preferred career. Public universities have low tuition fees compared to private universities as public universities receive funding from the government.
However, the quality of education remains the same depending on the country you choose.
Accommodation/housing cost: After considering the cost of tuition, the largest part of the total cost of studying in a foreign country would be the accommodation expenses. Housing or accommodation expenses are the biggest concern of every student who is going to study abroad.
However, not all students have the opportunity for university accommodation. They have to take refuge in rented places.
Living Costs: This cost includes your meals, groceries, phone bills, electricity bills, internet expenses, etc. In short, your daily expenses are included in it. It depends on where you choose to stay and your lifestyle.
Many international students try to cover their expenses by working part-time whenever possible alongside their studies. However, part-time work has its limitations for different countries.
Study expenses: To study in universities abroad, you will need to spend some money on course material and project world. For a theory course, you will need books that can sometimes be borrowed from the library or bought second-hand. For practical courses, it is necessary to acquire materials to create the projects.
Visa fees: To study abroad, you will need a student visa to enter the new country. To apply for a student visa, you will need to pay some money.
Each country charges a different visa application fee. Therefore, when calculating the cost of studying abroad, student visa fees must also be included.
Health insurance costs: It is mandatory to have health insurance to study abroad. Same for visa applications, you need to submit your health insurance documents to get approval.
Different countries have different insurance costs. For example, it would cost about €29.10 per month to study in Europe, $70.03 in the US, etc.
Transportation: After tuition and housing, transportation is one of the top expenses students should include when planning their costs to study abroad. Along with flight expenses, you should also consider the travel expenses of your daily life in a new country.
How Much Does It Cost For An International Student To Study In Australia?
| Study level | Tuition fee |
| For Bachelor in Australia | $15,000 to $33,000 per year |
| For Masters’s degree in Australia | $20,000 to $37,000 per year |
| For a Doctoral degree in Australia | $14,000 to $37,000 per year |
| Expenses | Amount |
| Accommodation in Australia | 500- 2,000 AUD per month |
| Food Cost in Australia | 100-200 AUD for a week’s worth. |
| Transportation in Australia | 30 to 70 AUD |
| Extra Costs | 500-1,000 AUD in a year |
| Health insurance | 25-30 AUD a month |
How Much Does It Cost For An International Student To Study In Italy?
| Universities | Tuition Fees |
| In Public Universities | 900 to 4,000 € per year |
| In Private Universities | 6,000 to 20,000 € per year. |
| Expenses | Amount |
| Accommodation in Italy | 200 to 300 Euros per month |
| Cost of Food in Italy | Minimum 150 Euros per month |
| Transportation in Italy | 25 and 35 Euros per month |
| Entertainment-related costs | 30 or 40 Euros per week |
| Extra Costs | 30 or 40 Euros. |
How Much Does It Cost For An International Student To Study In France?
| Study level | Tuition fee |
| For Bachelor’s (Licence) programs | 2,770 euros per year |
| For Master’s programs | 3,770 euros per year |
| For Doctorate (Ph.D.) programs | 380 euros per year |
| Expenses | Amount |
| Student Accommodation in France | 200 – 300 EUR per month. |
| Cost of Food in France | 200-250 EUR per month |
| Transportation in France | 17 and 33 EUR |
| Insurance for healthcare | 20-50 EUR per month |
| Cost of Student Visa in France | 99 Euros |
How Much Does It Cost For An International Student To Study In Spain?
| Study level | Tuition fee |
| For bachelor’s degree programs | 750 – 2,100 EUR per year |
| For Post Graduate and Masters programs | 900 – 3300 EUR per year |
| Expenses | Amount |
| Accommodation in Spain | 350- 800EUR per month |
| Cost of Food in Spain | 200 EUR to 300 EUR per month. |
| Transportation in Spain | 60 EUR per month |
| Extra Costs | 200 EUR per month |
How Much Does It Cost For An International Student To Study In Germany?
| Study level | Tuition fee |
| Bachelors | €250 per semester for administration costs in Public universities as it has no tuition fee. |
| 26,000 EUR per year in Private universities | |
| Masters | €20,000 per year at public universities |
| up to €30,000 at private German universities | |
| PhD | €250 administration cost |
| Expenses | Amount |
| For food and drink | €168 |
| For clothes | €42 |
| For transport | €94 |
| For telephone, internet, and TV license | €31 |
| For work/study materials | €20 |
| For leisure activities | €61 |
How Much Does It Cost For An International Student To Study In Canada?
| Universities | Amount |
| Public universities in Canada | 5000 CAD per year |
| Private Universities in Canada | C$20,000 to C$30,000 per year |
| Expenses | Amount |
Accommodation in Canada | In Toronto CAD 1080 to $2900 per year. |
| In smaller cities like St John’s, NewfouCAD 150D 710 per year. | |
| Montreal and some parts of Quebec can have CAD 550. | |
| Groceries | CAD 200 to 400 |
| Miscellaneous (Electricity, Water, Heating, etc.) | Around CAD 150 per Month |
| Canada Student Visa Cost | CAD 150 |
| International Student Health Insurance | CAD 600 to CAD 900 |
So, we hope you have your answer to How much does it cost to study abroad? in this article. Before applying to any university, check the fees for that particular course. If you have decided to study abroad, do not come back. Organize your funds and make your dream come true.
