By AECC Global on Thursday, 08 December 2022
Category: Study Abroad

Cost of Studying in Popular Study Abroad Destinations

​One of your most-searched questions that demand well-researched and accurate answers would be regarding the cost of studying abroad in your dream destination. From the bustling streets of Manhattan to the rolling meadows in Ireland, appealing as these places are, it would be worth the investment only if you plan your finances meticulously.

The cost of living and education are two of the most important components of studying abroad - while your scholarships and bursaries can help to make the education costs manageable, the living costs still need to be planned to the T.

It sounds like quite the task, doesn't it? But worry not. We've put forth quite the article here for you by discussing the living costs in each of these top study destinations - Australia, the UK, the USA, and Ireland.

Let's get started!

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Table of Contents

  1. Components Involved in the Cost of Studying Abroad
  2. Cost of Studying Abroad - Australia
  3. Cost of Studying Abroad - UK
  4. Cost of Studying Abroad - USA
  5. Cost of Studying Abroad - Ireland

Components Involved in the Cost of Studying Abroad

What are the components involved in studying abroad? Starting from education costs, the rent you pay for accommodation and food expenses to travel, internet, leisure and entertainment, there will be avoidable and unavoidable expenses to support your stay in the country.

Here, we'll make an estimate of the cost of living and education expected to be incurred in each of these countries! 

Cost of Studying Abroad - Australia

S.no

Components

Cost Involved (USD)

1

Tuition Fees

Undergraduate: $15,000 - $33,000 annually

Postgraduate: $20,000 - $37,000 annually

Diploma: $4000 - $22,000 annually

2

Housing

Hostels and Guesthouses: $90 - $150 per week

Shared Rental: $95 - $215 per week

On campus: $110 - $280 per week

Homestay: $235 - $325 per week

Rental: $185 - $440 per week

Boarding schools: $11,000 - $22,000 a year

3

Food

$140 - $280 per week

4

Transportation

$30 - $60 per week

5

Medical Insurance

Minimum OSHC $452/year for singles cover

6

Visa

$575 for student visa

7

Entertainment

$80 - $150 per week

Benefits:


Read More: Study In Australia

Cost of Studying Abroad - UK

S.no

Components

Cost Involved (in Pounds)

1

Tuition Fees

Undergraduate: £10,000 - £26,000 annually

Postgraduate: £11,000 - £30,000 annually

Diploma: £18,000 annually

2

Housing

£350 - £550 per month if you prefer outside accommodation

3

Food

£50 - £75 per week

4

Transportation

£30 a month

5

Medical Insurance

£470/year for your Immigration Health Surcharge

6

Visa

£348 for student visa

7

Entertainment

£30 - £50 a month

Note: You will be taxed at 20% on earnings (from part-time jobs) more than £12,570 a year.

Benefits:


Read More: Study In United Kingdom

Cost of Studying Abroad - USA

S.no

Components

Cost Involved (USD)

1

Tuition Fees

Undergraduate: $20,000 - $40,000 per year

Postgraduate: $20,000 - $45,000 per year

Diploma: $28,000 - $55,000 per year

(Most doctoral degrees are 100% funded through research/teaching assistantships and research aid)

2

Housing

On Campus: $800 - $900 each month

Homestay: $600 - $3,000 per month

Rental: $450 per month

3

Food

$150 - $200 a month

4

Transportation

$80 - $100 a month

5

Medical Insurance

$30 - $140 a month

6

Visa

Visa cost: $350

Visa Application Fee: $160

7

Entertainment

$150 a month

Benefits:


Read More: Study In United States

Cost of Studying Abroad - Ireland

S.no

Components

Cost Involved (in Pounds)

1

Tuition Fees

Undergraduate: €9,850 - €20,250 per year

Postgraduate: €9,950 - €35,000 per year

Diploma: €4,000 - €9000

2

Housing

Hostel: €200 - 300 per month

Apartment: €400 - €900 per month

3

Food

€250 - €350 a month

4

Transportation

€50 - €55 a month

5

Medical Insurance

€150 - €180 per year

6

Visa

Visa cost: €250

7

Entertainment

€60 - €100 a month

Benefits:


Read More: Statement of Purpose for MBA Courses