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. Read the rest of this entry »
According to a recent study by HSBC Group, the United States is now the second most expensive country in the world for international students. The combined average cost of university fees and living expenses for international students in the US is over $35,000, and international students at Ivy League schools can expect to pay far more, with total costs running over $58,000.
In spite of the high cost, more and more international students are studying in the United States every year. According to the “2012 Open Doors Report” released by the Institute of International Education (IIE), in the 2011-2012 school year, international student enrollment at both colleges and graduate schools in the US increased. 764,321 international students in total were enrolled at a US institution, a 5.7% increase over 2010-2011.
A US education is likely an expensive endeavor for international students from any country. International students are not eligible for federal financial aid, scholarships are often limited, and some colleges charge additional international student fees on top of tuition. For these reasons, the majority of international student rely primarily on their own funds to study in the US. In 2011-2012, 486,524 international undergraduate and graduate students used personal or family funds as their primary monetary source—a 6.1% increase over those who did so in 2010-2011. Read the rest of this entry »
Students who are interested in studying internationally have a lot of decisions to make before they can begin planning. The most important of these decisions is, obviously, what country to study in. A number of factors go into this decision, including area of study and any language barriers that might arise, but one extremely important factor is the issue of cost. As an international student on a budget, you must be very aware of costs such as tuition fees and living expenses in the country in which you are studying.
We will be doing a series on the most expensive places for international students to study, beginning with number one: Australia. According to a recent study by HSBC Bank which compared the combined cost of university fees and living expenses in major countries, Australia is the world’s most expensive country for international students to study. The typical annual cost for international students is $38,516 in Australia, $35,706 in the United States, $30,325 in the United Kingdom, and $26,011 in Canada—all of which are main competitors in international education. Read the rest of this entry »