Have you heard the intriguing tale behind Monash University’s name? Established in 1958, it was named after the renowned World War I general Sir John Monash. Did you know the university consistently ranks among the top 50 universities worldwide?
Are you considering enrollment at Monash University Australia? As an international student, it is critical to research the cost of studying at a foreign university and the courses offered, and this article aims to provide details of the actual cost of studying at Monash University, from tuition fees to living expenses and transport costs.
Study Costs at Monash University
Monash University Australia is one of the finest institutes to acquire higher education, but as an international student, it’s essential to understand the study costs clearly. Let’s break down the expenses and explore the amount you will need to invest in your education.
Application Costs
If you’re applying to Monash University, don’t forget to account for the AUD 100 application fee, applicable to both undergraduate and graduate courses. While applying, the University will require you to attach proof of payment along with other documents such as results, certificates, passport, and evidence of English language proficiency documents.
The application fee covers processing your application and evaluating your eligibility for admission. A non-refundable fee can easily be submitted online with your admission application. If you’re applying for the February intake, the application deadline is November 30 of the preceding year. For the July intake, submit your application before May 31 of the same year, and the deadline for the October Intake is August 31 of the same year.
Tuition Fee Costs
Tuition fees are critical to planning your education at Monash University Australia as an international student. Let’s explain the costs of studying for Bachelor’s, Master’s, and Ph.D. degrees at Monash University.
Bachelor’s Tuition Costs
Pursuing a Bachelor’s at Monash University Australia has variable costs based on what program and faculty you choose. The Commonwealth Supported Places (CSP) scheme determines domestic students’ fees. In this program, the Australian government covers a proportion of the cost while the students cover the remaining amount, known as the student contribution. This amount varies depending on the field of study and the number of credits taken per semester.
If you’re a student of Education or English, your student contribution is nearly $4,124, while for a student pursuing a medicine-related field such as dentistry, this amounts to $11,800. On the other hand, it’s a full-fee paying system for international students. Their tuition is determined by the course and faculty they select, and the fee is subject to change annually. As a prospective Bachelor of Arts student, you should expect an annual tuition fee of about AU$30,400. A Bachelor of Engineering, on the other hand, will cost around AU$53,200 per year.
Master’s Tuition Costs
The tuition fee at the graduate level is tailored for specific courses and faculties, varying for domestic and international students. Like undergraduate programs, domestic students can pay fees through the Commonwealth Supported Places (CSP) scheme. Under this program, the Australian government subsidizes a portion of their expense and students, covering the remaining ‘student contribution.’ So, domestic students pursuing a Master of Educational and Developmental Psychology will cover a student contribution of $4,124.
The full-fee-paying scheme is designed for international students who must bear the entire tuition expense without any assistance from the Australian Government. Graduate tuition fees range from AU$30,000 to AU$58,000 annually. Take the example of a Master’s in Accounting, which will cost A$53,000 annually, while a Master’s in Business Analytics will cost A$53,000.
Ph.D. Tuition Costs
The CSP scheme applies to Ph.D. tuition fees but only for selected courses. Domestic students must pay their doctorate fees through a full-fee-paying plan. The scheme also applies to international students. For example, a doctorate in Business and Economics costs $37,100. For a Ph.D. in Art, Design, and Architecture, you can pay around $39,400 per year.
Other Academic Costs at Monash University
Pursuing education at any university involves much more than just tuition fees. If you’re serious about your academic journey at Monash University Australia, here are some supplementary costs that contribute to your educational experience:
Books and Miscellaneous Expenses
Textbooks and course materials are an additional cost that an international student must include in their budget. The cost of textbooks is different for each program. According to the Monash University website, the cost of Communication, Media, and Music books ranges from A$24 to A$250. Apart from course materials, students may also incur other miscellaneous fees such as ID card replacement fees of $45, Student letters fees of $37 to $47, etc.
Accommodation and Transportation
Studying in a foreign country means international students must set a sum aside for accommodation and transport expenses. Students considering on-campus accommodation must expect a weekly rent of $264 to $336, while those opting for rentals need $250 to $550 per week. Similarly, public transport costs range from $20 to $60, while a car (after purchase) may cost $200 to $350 per week.
Living Expenses
Living expenses include groceries, gas and electricity, phone and internet, and entertainment. The prices of groceries fall between $150 to $500 per week, while gas and electricity bills may range from $35 to $75 per week. So, if you’re living off-campus, you’re likely to incur these costs in addition to the rent of the accommodation you have selected.
The cost of studying at Monash University Australia or the general living costs in Melbourne are estimated to be quite high. This makes it critical for international students to consider their living expenses in addition to their tuition fees, which are also considerably expensive.
While the costs might seem daunting, studying at Monash University is a significant investment in your future. A degree at the institution unlocks unparalleled opportunities for your global future. Begin your application process and enjoy a world-class education and a vibrant student life in Australia’s vibrant city.
We hope this article on the cost of studying at Monash University Australia for international students was informative. You can also visit the Study in Australia and Available Programs for International Students pages for more articles about life and studies in Australia!
