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How Much Does an Overseas Education Cost?

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An easier question might be, how long is a piece of string?

The costs vary significantly between different institutions, courses, and countries. Some countries adopt a standard 3-year undergraduate and 1-year postgraduate model; whilst other countries adopt a 4-year undergraduate and 2-year postgraduate model. Students are advised to speak to an experienced TOP Service education advisor to find out what options are best for them.

What options do I have available?

Students will have several options available to them within their budget. Investing a significant amount of money in your education does not always guarantee quality; nor does it guarantee a job following course completion. Estimating average tuition fees amongst academic institutions, course and countries can be difficult. Several factors must be considered; however, according to research conducted by the Institute of Education the average cost amongst Tier 1 countries for an undergraduate / postgraduate degree is $34 – 42,000 per year. Please note, estimates can vary significantly.

Additional Expenses

  1. Visa Fees
  2. Proof of Funds {Download our FREE Financial Requirements Guide online}
  3. Medical and Biometric Screening
  4. Flight Tickets
  5. Housing & Accommodation
  6. Living Expenses {transport, clothing, food etc..}
  7. Health Insurance

Students should select a university that partners with industry and provides students the academic and practical skills needed to be successful. The rise of artificial intelligence, automation, and digital disruption will render many jobs obsolete in the future; therefore, students should also consider the demand for their skills in the short, medium, and long term. If students follow these steps studying abroad will provide a positive return on investment.

Money Saving Tips & Considerations

  1. Never exceed your budget.
  2. Apply early to access scholarships / study grants
  3. Pay your tuition fees in advance. A discount may be provided.
  4. Live in Halls of Residence for a short period of time and move to private accommodation with friends if possible. Private accommodation is always more affordable.
  5. Work part time whilst you study. Most students can work part time during their studies and full time during holidays / breaks.
  6. Do not apply for a substantial education loan. The interests’ rates can be high and its unlikely you can match repayments with part time work overseas.
  7. At some universities tuition fees can increase by 2-5% per year.
  8. Learn how to cook prior to leaving. These skills will mean you are not eating every day.
  9. Select a university that collaborates with industry and provides internships / work experience.
  10. Ask the university if they can provide data on “Graduate Employability.”

Next Steps

Download our FREE Financial Requirements Guide for Australia, Canada, Ireland, United Kingdom, and the United States online.

Make sure to comment and ask any questions you have at the bottom of this article. Book a FREE Consultation with an experienced education advisor to find out what options are available within your budget and start your journey to a brighter future.

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