Comparing the cost of studying in Australia and Singapore

17 minutes reading time (3350 words)
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When it comes to studying abroad and seeking a global cultural immersion, two countries top the list: Australia and Singapore.The esteemed institutions and their diverse academic programs can make your future in these countries equally enticing.

Australia, the land down under, presents breathtaking landscapes, vibrant cities and renowned universities. The country offers its students a broad range of courses, programs, and research opportunities across various disciplines. On the other hand, Singapore, the land of happiness, is well known for its coherent infrastructure, global environment, and powerful economy. The universities here offer cutting-edge research facilities and an array of courses, emerging as a leading educational hub in Asia.

While it is easy to say that both countries are prime choices to pursue the education of your dreams, it is crucial to recognise the financial implications that come with studying abroad too. Cost of study includes various factors such as tuition fees, accommodation, living expenses, healthcare, and transportation. By anticipating these expenses, you can plan your budget, explore scholarships and financial aid options, as well as ensure that you have sufficient resources to cover your education and living expenses throughout your study journey.

In the following sections, we will delve a whole lot deeper into the various factors that influence cost of study, such as tuition fees, living expenses, accommodation costs, scholarships and financial aid, additional expenses, as well as budgeting tips that can help you prevent a dent in your pocket while studying in Australia or Singapore. 

Factors Influencing Study Costs

Financial planning for studying abroad in Australia and Singapore is an essential first step in pursuing the course of your dreams in either of the countries. Here are some important factors that influence your study costs:

Tuition Fees

Australia

Singapore

  • Tuition fees in Australia usually vary depending on the university and program. 
  • Singaporean universities generally offer competitive tuition fees for international students.
  • International students can expect to pay higher tuition fees compared to domestic students.
  • The fees may vary based on the institution and course of study. 
  • There are scholarships and grants available to help offset the costs.
  • Scholarships and financial aid options are also available to assist in managing tuition expenses.

 

Living Expenses

Australia

Singapore

  • The cost of living in Australia can be relatively high, especially in major cities like Sydney and Melbourne.
  • Singapore is known for its higher cost of living compared to many other Asian countries.
  • Accommodation, food, transportation, and leisure activities contribute to the overall living expenses. 
  • Rent, food, transportation, and entertainment expenses should be taken into account.
  • Students should consider shared accommodation, cooking at home, and utilising student discounts to manage costs effectively.
  • Students can explore options like student hostels or shared housing to save on accommodation costs.

 

Accommodation

Australia

Singapore

  • The cost of accommodation in Australia can vary based on the location and type of housing.
  • Accommodation costs in Singapore can be relatively high, particularly in popular areas. 
  • On-campus accommodation, such as university halls or residential colleges, can provide convenience but may be more expensive.
  • Off-campus options like shared apartments or renting a room in a private house are more affordable.
  • On-campus housing, private apartments, or renting a room in a shared flat are common options. 
  • Students should consider proximity to their institution and weigh the costs accordingly.

 

Transportation

Australia

Singapore

  • Transportation costs in Australia vary based on the city and the mode of transportation. 
  • Singapore has a well-developed public transportation system, which includes buses and an extensive MRT (Mass Rapid Transit) network. 
  • Public transportation, such as buses and trains, offer student concessions.
  • Some cities have free shuttle services for students within university campuses.
  • Students can benefit from discounted fares with student travel cards, making transportation more affordable.

 

Healthcare

Australia

Singapore

  • International students in Australia are generally required to have health insurance coverage.
  • International students in Singapore are also required to have medical insurance. 
  • Overseas Student Health Cover (OSHC) helps cover medical expenses, including visits to doctors, hospitalisation, and medications.
  • They can either opt for their university's medical insurance scheme or purchase private insurance plans to cover healthcare costs.

 

By considering these factors, you can assess the overall cost of studying in Australia and Singapore, thus making an informed decision and plan your finances accordingly.

Let’s take a look at the tuition fees in Australia and Singapore to further understand what education is like in these countries. 

Tuition Fees in Australia

It's important to note that tuition fees in Australia’s world class institutions can vary depending on the level of study (undergraduate or postgraduate) and the field of study. Here is an overview of the tuition fee structure for international students:

Undergraduate Programs

  • Bachelor's degree programs in Australia generally have a duration of three to four years.
  • Tuition fees for undergraduate programs vary significantly depending on the university and the specific course of study.
  • On average, international undergraduate students can expect to pay between AUD 20,000 to AUD 45,000 per year.
  • Fields of study such as medicine, engineering, and business may have higher tuition fees compared to arts and humanities.

Postgraduate Programs

  • Master's degree programs in Australia typically have a duration of one to two years.
  • Tuition fees for postgraduate programs are generally higher than undergraduate programs.
  • On average, international postgraduate students can expect to pay between AUD 22,000 to AUD 50,000 per year.
  • Professional courses like MBA, engineering, and medical programs may have higher tuition fees compared to research-based or coursework-based programs.

Field of Study

  • Tuition fees can also vary based on the field of study or discipline.
  • Courses in science, technology, engineering, and mathematics (STEM) fields, as well as medicine and business, tend to have higher tuition fees.
  • Humanities, social sciences, and arts programs may have relatively lower tuition fees.
  • Some specialised programs such as aviation, architecture, and design may have specific fee structures due to additional resources and equipment required.

Note: The above figures are just an approximate, actual numbers can vary depending on the university, specific program, and any scholarship opportunities available. You can contact our expert counsellors for specific information. This applies for the tuition fees in Singapore (below) too.

Tuition Fees in Singapore

Tuition fees in Singapore’s excellent educational institutions can vary based on the level of study (undergraduate or postgraduate) and the field of study. Here is an overview of the tuition fee structure for international students in this multicultural environment:

Undergraduate Programs

  • Bachelor's degree programs in Singapore typically have a duration of three to four years.
  • Tuition fees for undergraduate programs can vary depending on the university and the specific course of study.
  • On average, international undergraduate students can expect to pay between SGD 25,000 to SGD 50,000 per year.
  • Fields of study such as engineering, business, and medicine may have higher tuition fees compared to arts and humanities.

Postgraduate Programs

  • Master's degree programs in Singapore usually have a duration of one to two years.
  • Tuition fees for postgraduate programs are generally higher than undergraduate programs.
  • On average, international postgraduate students can expect to pay between SGD 25,000 to SGD 60,000 per year.
  • Professional courses like MBA, engineering, and medical programs may have higher tuition fees compared to research-based or coursework-based programs.

Field of Study

  • Tuition fees can also vary based on the field of study or discipline.
  • Programs in science, technology, engineering, and mathematics (STEM) fields, as well as business and medicine, often have higher tuition fees.
  • Humanities, social sciences, and arts programs may have relatively lower tuition fees.
  • Specialised programs such as design, architecture, and music may have specific fee structures due to additional resources and facilities required.

To get a more whole-rounded view of life in Australia and Singapore, let’s take a look at the living expenses in Australia versus Singapore.

Living Expenses in Australia

Living expenses in Australia can be high for international students. Here are the costs to consider:

  1. Accommodation: Monthly costs range from AUD 800 to AUD 1,500, depending on location and type of housing.
  2. Food: Monthly expenses typically range from AUD 300 to AUD 600, depending on personal preferences.
  3. Transportation: Monthly transportation costs can range from AUD 100 to AUD 200, depending on the city and travel requirements.
  4. Utilities: Monthly utility expenses generally range from AUD 150 to AUD 250, based on accommodation size and usage.
  5. Miscellaneous Expenses: Monthly expenses for personal care, entertainment, and other activities typically range from AUD 200 to AUD 400.

Average Monthly Living Expenses: On average, international students should budget between AUD 1,800 to AUD 3,000 per month for living expenses in Australia. However, actual costs may vary based on location and individual choices.

It's important to plan and manage finances effectively to ensure a comfortable and sustainable lifestyle while studying in Australia.

Living Expenses in Singapore

Likewise, living expenses in Singapore can be relatively high too. Here are the costs to consider:

  1. Accommodation: Monthly costs range from SGD 600 to SGD 2,000, depending on the type and location of housing.
  2. Food: Monthly expenses typically range from SGD 300 to SGD 700, depending on eating habits and preferences.
  3. Transportation: Monthly transportation costs can range from SGD 80 to SGD 120, depending on travel frequency and distance.
  4. Utilities: Monthly utility expenses generally range from SGD 100 to SGD 200, based on accommodation type and usage.
  5. Miscellaneous Expenses: Monthly expenses for personal care, entertainment, and other activities typically range from SGD 200 to SGD 500.

Average Monthly Living Expenses: On average, international students should budget between SGD 1,200 to SGD 3,500 per month for living expenses in Singapore. However, actual costs may vary based on individual choices and lifestyle.

It's important for students to plan and manage their finances effectively to ensure a comfortable and sustainable lifestyle while studying in Singapore.

Scholarships and Financial Aid

By now, you might be thinking that studying in Australia or Singapore will drain your wallet heavily. However, that need not always be the case– apart from plenty of affordable universities in Australia and Singapore, both countries also offer various scholarships and financial aid options to support international students in offsetting study costs. These opportunities aim to make education more accessible and diverse.

Read further for an overview of the available grants and scholarships in Australia and Singapore.

Australia

  1. Australia Awards: These prestigious scholarships are funded by the Australian government and are available for students from eligible countries pursuing undergraduate and postgraduate degrees.
  1. Destination Australia: This scholarship program supports international and domestic students studying in regional Australia. It provides financial assistance to cover living expenses.
  1. University-specific Scholarships: Many Australian Universities offer scholarships for international students based on academic merit, leadership skills, or specific areas of study. Examples include the Monash International Merit Scholarship and the University of Melbourne International Undergraduate Scholarship.
  1. Research Scholarships: Australian universities also provide research scholarships such as the Australian Government Research Training Program (RTP) Scholarships and university-specific grants to support international students pursuing research degrees.

Singapore

  1. Singapore Scholarship of the Ministry of Education (MOE): The MOE offers scholarships for international students pursuing undergraduate and postgraduate programs in Singaporean universities. These scholarships cover tuition fees and provide a monthly allowance.
  1. Singapore International Graduate Award (SINGA): SINGA is a collaboration between the Agency for Science, Technology, and Research (A*STAR) and Singaporean universities. It offers scholarships for international students pursuing Ph.D. studies in science and engineering.
  1. Nanyang Scholarship: Nanyang Technological University (NTU) provides scholarships for outstanding international undergraduate students, including tuition fee coverage and living allowances.
  1. INSEAD-Singapore Scholarships: INSEAD, a leading business school in Singapore, offers scholarships for MBA and Master's programs to support exceptional international students.

These scholarships and grants can significantly reduce the financial burden of studying abroad, allowing you to pursue your educational goals in Australia or Singapore with a weight off your shoulders. Need help? We are here to help you find the best scholarship fit for you.

Accommodation Costs

Comparing education costs in Australia and Singapore is crucial to determine the better fit for you, sure. However, comparing the cost of accommodation in Australia and Singapore is just as important.

Comparison of Accommodation Options

Accommodation Options

Australia

Singapore

On-campus Housing 

Available at universities and colleges. 

Available at universities and polytechnics.

Can include dormitories or shared apartments.

Can include halls of residence or shared rooms.

Facilities may include common areas, study rooms, and dining facilities.

Facilities may include common areas, study lounges, and recreational areas.

Costs vary based on location and facilities. 

Costs vary based on location and amenities.

Off-campus Rentals

Private apartments or houses can be rented.

Private apartments or rooms can be rented.

Costs vary depending on location, size, and condition. 

Costs vary depending on location, size, and condition.

Students can share expenses by renting with roommates. 

Students can share expenses by renting with roommates.

Homestays 

Living with a local host family.

Living with a local host family. 

Provides an immersive cultural experience.

Provides an immersive cultural experience.

Costs typically include room and board. 

Costs typically include room and board. 

Costs vary based on location and level of service.

Costs vary based on location and level of service.

 

Average Monthly Rental Costs in Australia

  • Sydney: On-campus housing: AUD 800 to AUD 1,500. Off-campus rentals: AUD 1,500 to AUD 2,500.
  • Melbourne: On-campus housing: AUD 700 to AUD 1,400. Off-campus rentals: AUD 1,200 to AUD 2,000.
  • Brisbane: On-campus housing: AUD 600 to AUD 1,200. Off-campus rentals: AUD 1,000 to AUD 1,800.

Average Monthly Rental Costs in Singapore

  • National University of Singapore (NUS): On-campus housing: SGD 400 to SGD 1,200. Off-campus rentals: SGD 800 to SGD 2,500.
  • Nanyang Technological University (NTU): On-campus housing: SGD 350 to SGD 1,500. Off-campus rentals: SGD 700 to SGD 2,500.
  • Singapore Management University (SMU): Off-campus rentals: SGD 1,200 to SGD 3,000.

Note: The rental costs provided above are approximate and can vary based on factors such as location, type of accommodation, amenities, and market conditions.

Understanding the cost of accommodation options can help you make informed decisions when choosing the ideal housing arrangement for you in Australia or Singapore, keeping your preferences, budget, and desired living experience in mind. Want to make this process simpler? Connect with our expert education counsellors today!

Additional Expenses and Cost of Living Index

Additional Expenses

In addition to accommodation, you may encounter various other international student expenses in Australia and Singapore during your study abroad journey. Here are some important ones to consider:

  1. Healthcare: International students may need to purchase health insurance to cover medical expenses. Costs can vary depending on the coverage and provider.
  1. Visa Fees: International students are required to obtain student visas, which involve application fees and possibly additional charges for health examinations or biometrics.
  1. Textbooks and Study Materials: Depending on the course requirements, students may need to purchase textbooks and other study materials. Costs can vary based on the program and subjects.
  1. Entertainment and Recreation: Students often engage in social and recreational activities to enhance their experience. Expenses for dining out, movies, sports, and cultural events should be factored into their budget.

Comparison of Cost of Living Index

The cost of living index provides an overview of the overall affordability of a country. Here's a comparison of the cost of living index Australia versus Singapore:

  1. Australia: Australia generally has a higher cost of living compared to many other countries. Cities like Sydney and Melbourne are known for their relatively high expenses, including accommodation, food, transportation, and entertainment. However, regional areas and smaller cities may offer more affordable options.
  1. Singapore: Singapore is also considered to have a relatively high cost of living, particularly in terms of housing and transportation. However, its efficient public transportation system can help offset some expenses. Singapore's food options can range from affordable hawker centres to upscale restaurants.

It's important to note that cost of living can vary within each country based on factors such as location, lifestyle choices, and personal spending habits. You should research specific cities or regions to get a better understanding of the cost of living and budget accordingly.

It is also advised that you carefully plan your finances, explore scholarships and part-time job opportunities, and maintain a budget to ensure a comfortable and manageable experience while studying abroad. Contact us to know more!

Financial Planning and Budgeting Tips

Here are our tried-and-tested financial planning and budgeting tips for studying abroad:

  1. Create a Budget: Develop a monthly budget by identifying your income sources and allocating funds for essential expenses like accommodation, food, and transportation.
  1. Track Expenses: Keep a record of your expenses to understand where your money is going. This will help identify areas where you can cut back and save.
  1. Seek Part-Time Work: Explore part-time job opportunities on or off-campus to supplement your income. Check university job boards or local job portals for suitable positions.
  1. Save on Accommodation: Consider cost-saving options like sharing accommodation with roommates, choosing more affordable locations, or opting for on-campus housing options.
  1. Cook Meals at Home: Prepare your meals instead of eating out regularly. This can significantly reduce food expenses and also allows you to explore local markets and cuisines.
  1. Utilise Student Discounts: Take advantage of student discounts offered by various establishments, including transportation, entertainment, and shopping outlets.
  1. Explore Free or Low-Cost Activities: Look for free or low-cost activities and events offered by your university or community. This allows you to socialise and explore without breaking the bank.
  1. Save on Transportation: Opt for public transportation options and utilise concession cards or student passes to save on transportation costs.

By following these financial planning strategies, you can effectively manage your expenses, find part-time work opportunities, and explore cost-saving measures, ensuring a more financially sustainable and rewarding study abroad experience– whether you pick Australia or Singapore.

Consider all the factors mentioned in this blog and conduct thorough research, so you can make an informed decision about studying in Australia or Singapore and plan your finances accordingly. And, remember that you can always reach out to our expert education counsellors for guidance that is tailored to your individual circumstances.

FAQs

1. What are the tuition fees like for international students in Australia and Singapore?

Tuition fees for international students in Australia range from AUD 20,000 to AUD 45,000 per year for undergraduate programs and AUD 22,000 to AUD 50,000 per year for postgraduate programs. In Singapore, international students can expect to pay SGD 25,000 to SGD 50,000 per year for undergraduate programs and SGD 25,000 to SGD 70,000 per year for postgraduate programs.

2. How do the living expenses compare between studying in Australia and Singapore?

Living expenses in Australia are generally higher compared to Singapore. In Australia, international students can expect to spend around AUD 20,000 to AUD 27,000 per year on living costs, which include accommodation, food, transportation, and other expenses. In Singapore, the estimated living expenses for international students range from SGD 12,000 to SGD 20,000 per year.

3. Are there any scholarships available for international students in Australia and Singapore?

Yes, both Australia and Singapore offer scholarships for international students. In Australia, there are several scholarships available for international students, including the Australia Awards, Endeavour Scholarships, and university-specific scholarships. In Singapore, international students can apply for scholarships offered by the Singapore government, universities, and other organisations, such as the Singapore International Graduate Award (SINGA) and the ASEAN Undergraduate Scholarship.

4. What factors should I consider when comparing the cost of studying in Australia and Singapore?

When comparing the cost of studying in Australia and Singapore, you should consider factors such as tuition fees, living expenses, and currency exchange rates. Additionally, consider the availability of scholarships and financial aid, as well as the specific program or university you are interested in, as they may have different fee structures. It is also important to take into account your personal preferences and the quality of education and opportunities each country offers in your field of study.

5. Are there affordable universities in Australia and Singapore for international students?

Yes, there are affordable universities in both Australia and Singapore for international students. In Australia, some universities offer relatively lower tuition fees compared to others, and there are also scholarship opportunities available. Similarly, in Singapore, there are universities that provide affordable education options for international students, and there are scholarship programs that can help reduce the financial burden.


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