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        • Money you’ll need
        • New national code : changes for students
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        • United States Financial Aid
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        • Working in Australia

Money you’ll need

We can help you open a bank account

Banks in Australia are trustworthy and you can be assured that if you put your money in the bank it will be safe and available to you when you need it. Do not put your money in other arrangements - use a bank.

How much money will I need?

Program fees:

View an up-to-date list of programs and fees.

Typical living costs for a single student:

The following sheet is an estimate of your living costs.

Sample of expenses

Establishment Costs (A$):	Apartment/Flat/House (Unfurnished, 2 people sharing) per week	Apartment/Flat/House (Unfurnished, 2 people sharing) per year	Home Stay (Some meals included) per week	Home Stay(Some meals included) per year	Hostel (Some meals included) per week	Hostel (Some meals included) per year
Placement/ arrangement fee				226*
Accommodation establishment costs (rental bond, furniture, etc)		1,958*				900*
Recurrent Costs (A$):
Rent for accommodation	170	8,820	252	13,007	252	13,097
Overseas Student Health Cover (OSHC)		400		400		400
Telephone, gas, electricity, water	46	2,406	26	1,336	26	1,336
Travel (up to 10km from city)	36	1,871	36	1,871	36	1,871
Books and stationery		869		869		869
Food	67	3,475	36	1,871	36	1,871
Personal expenses	87	4,544	87	4,544	87	4,544
Total Estimated Costs	A$406	A$24,342	A$437	A$24,214	A$437	A$24,887

*These costs are generally paid once when first setting up accommodation. Bond is equivalent to four weeks rent.

Currency converter

You can use a currency converter to calculate the amount in your own currency. Remember to add your program fees and airfares to get a realistic total.

• Do not depend on income from part-time work to pay your expenses. Jobs may be difficult to find in Australia.
• Some expenses are not included in this table because actual costs depend on your lifestyle and preferences.
• Gas and electricity costs are higher in winter because heating is necessary.
• Most rental agreements are for a minimum of 12 months and are based on a lease agreement signed by the tenant (you) and the owner of the property.