For students planning on studying abroad, one of the most pressing concerns is the cost. Where you choose to study can have a drastic effect on how much you end up paying for your education.
According to a recent study by HSBC, Australia, the USA, and the UK are the three most expensive countries for international students. The study was done on data available on higher education in 13 countries around the world.
The UK was the third most expensive country overall, with annual fees of $19,291 and living costs of $10,177.
HSBC spokesperson Malik Sarwar commented, “”Those who wish to educate their children overseas need to consider more factors than simply tuition fees, such as living costs, exchange rates and inflation in their estimates of total costs. On average, living expenses can comprise at least a third of total costs and parents need to budget for travels back home during school holidays. As such, there is a need for parents to ensure their children’s education forms an important part of their financial planning.”
According to new research, international students in the UK are being charged up to four times as much for some degree courses than students from the UK. In some cases, international undergraduate students are being asked to pay up to £35,000 for their courses.
The amount that international students are charged varies according to the type of program in which they are enrolled: classroom based, laboratory, or clinical. Medical based or clinical programs are among the most expensive. Undergraduate degree fees for the 2013-2014 school year vary between £7,450 and £35,000 for international students, the survey claims.
In spite of these fees, studying in the UK is still less expensive for international students then studying in the United States or Australia.