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Sure, moving to Australia to study, exploring new places, meeting people from different countries, and building a future you have always dreamed of sounds exciting. But the reality is that tuition fees, living costs, health insurance, and flights can quickly add up. And these expenses are way out of budget for most of the students. So, they compromise on their dreams and settle for whatever they have.
But what if we say we have a solution? This is where education loans really help. They provide the financial support you need to cover tuition and living expenses, so that you and your family stop stressing out. With the right loan, you can focus on learning, adjusting to life in Australia, and making the most of your experience without constantly worrying about finances.
And, in this blog, we’ve covered everything you need to understand cost of studying in Australia, how education loans can help you, how and where to apply for student loans to study abroad.
| Expense Type | Approx. Cost per Year (AUD) | Approx. Cost per Year (INR) |
|---|---|---|
| Tuition Fees (Undergrad) | 25,000 – 40,000 | ₹15,00,000 – ₹24,00,000 |
| Tuition Fees (Postgrad) | 22,000 – 37,000 | ₹13,20,000 – ₹22,20,000 |
| Living Expenses | 15,000 – 22,000 | ₹9,00,000 – ₹13,20,000 |
| Health Insurance (OSHC) | 500 – 600 | ₹30,000 – ₹36,000 |
| Airfare (Round Trip) | 1,000 – 1,500 | ₹60,000 – ₹90,000 |
| Books & Supplies | 500 – 1,000 | ₹30,000 – ₹60,000 |
Many students think they can manage the expenses with savings or family support, but honestly, that’s often not enough. Education loans cover the gap between personal savings and total expenses, giving students peace of mind.
Some benefits of education loans include:
| Bank Name | Max Loan Amount (INR) | Interest Rate (%) | Repayment Tenure (Years) |
|---|---|---|---|
| SBI | 40,00,000 | 10.75 | 10 |
| HDFC Bank | 35,00,000 | 11.00 | 7 |
| ICICI Bank | 30,00,000 | 11.25 | 10 |
| Axis Bank | 25,00,000 | 11.50 | 7 |
Managing the cost of studying in Australia can feel stressful, but education loans make it much easier. They’ll help you cover tuition, living expenses, and other essentials, so you can completely focus on your studies and settling into a new country without constant money worries. Preparing your documents carefully, understanding repayment options, and choosing the right loan before actually applying for the loan helps.
If you don’t want to get into the hassle of all contact QCK Loans and get approvals, paperwork, and planning become simple and fast. This way, you can step into your Australian journey with confidence, knowing that finances are taken care of.
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