Recently many studies have concluded that Australia is perhaps the world’s most expensive destination for international students who seek to pursue their higher education here. On average it is observed that foreign students pay about a $42,300 per year. This when compared with the average fees of USA $39,200 and UK $33,300 is considerably higher. Also the cost of living makes a huge difference which is higher in Australia than in the other countries.
Although the fee structure of the top universities of higher education in Australia is somewhat similar, it is the cost of living in Australia that changes the overall cost. Expenses of travelling, accommodation, visa pricing, health insurance, food and meals etc and a high priced tuition fee in the universities has contributed to the fact that Australia although provides quality education but with high costs.
The top five most expensive universities for international students are perhaps not the best academically but their fees and their location in the cosmopolitan cities have elevated expenses.
1. Bond University
Topping the list of the most expensive universities of Australia is the Bond University. Unlike the other universities it is not publicly funded and is a private institution. Located in Gold Coast, Queensland bond also differs from other Australian universities as it schedules three semesters each year which begin in January, May and September. The six semester degree is completed in two years instead of three which increases the work loads. The current annual tuition fee is about $37,440.
2. Melbourne University
is ranked amongst the top universities both in Australia and the world. It is also one of the most expensive universities in Australia. The University is greatly regarded in the fields of the arts, humanities, and biomedicine. It has almost 40,000 students, who are supported by nearly 6,000 staff members. It is located in Melbourne, Victoria which being one of the most populous city of Australia is costly.
3. The University of Technology Sydney
The University of Technology, Sydney (UTS) is a university in Sydney New South Wales, Australia. It is a dynamic cosmopolitan university and its presence in Australia’s global city of Sydney makes it comparatively expensive than others. Living here is costly and adds up to the high tuition costs for international students. The university was founded in its current form in 1981, although its origins trace back to the 1870s. It is part of the Australian Technology Network of universities and has the fifth largest enrolment in Sydney.
4. The University of Sydney
The University of Sydney, also known informally as USYD was established in 1850, and is the oldest university in Australia and also one of the most expensive for international students. The University of Sydney is a member of the prestigious Australian lobby group for research intensive universities, the ‘Group of Eight.’
5. The University of New South Wales
The University of New South Wales which was founded in 1949, is a research-focused university based in Kensington, a suburb in Sydney, New South Wales, Australia. The university is a member of the “Group of Eight” union of leading Australian universities and it is also known to be comparatively costly and usually attracts students from high income families. The fact that is situated near Sydney also increases the overall living cost for the internationally students as Sydney is major, heavily populated city of Australia.