On average, the cost for an undergraduate degree in Australia rages between AUD$ 9,000 and AUD$ 14,000 each year. Students then require an additional AUD$ 360 per week for living expenses.
Whether you are studying in Australia as a native or an international student, this is not little money.
The challenge for students becomes how to minimise the costs to be able to pay for college and not have a mountain of student loans to deal with later on.
If you are just about to join an institution of higher learning, use these tips to minimise your costs.
1. Look at Sponsorships and Grant Options
Numerous organisations in and outside Australia offer full or partial scholarships to students joining college.
While this is a long shot, give yourself the best odds of a scholarship by beginning your research and making applications as early as possible.
If this is successful, you will end up with less financial burden on your shoulders.
2. Re-think Your Course Choices
While doing your research and making career choices, you will likely notice that some courses are more expensive than others.
Depending on what the course entails and the resources an institution needs to have to teach certain classes, tuition fees will differ from one course to the next.
It will be important to consider other, more affordable options within your life interests and passions.
Similarly, you can look at government-funded courses and subsidized training options.
These courses are arrived at by looking at areas where the country needs more workers.
An additional benefit of taking these courses is that there is a real market for them. This means that you are likely you get a job quickly after graduation.
It’s a win-win.
3. Consider Colleges In Smaller Cities
Your living expenses in these cities will, therefore, be significantly higher than if you opted to study in the Gold Coast, Canberra, and Adelaide.
Rent, which is one of the main costs that push up living expenses are cheaper in these cities. The same can be said for transportation costs and food.
By shifting your focus from the big cities, you can find a college offering the program you want and one that you can pay for comfortably.
4. Maximise Credits
Each college has a specified number of minimum, and maximum credits students can take every year.
If you are performing reasonably well, you can consider taking the maximum number of units every semester.
By doing this, you clear your coursework and studies faster, and the quicker you can graduate, the less you pay in associated costs.
Remember that while your tuition remains the same regardless of how long you take to graduate, other fees such as transport, accommodation can be lessened if you finish your course early.
If your college has summer schools, sacrifice taking breaks and take maximum credits for summer school as well.
Studying full time works in much the same way as well. You will find that it’s cheaper to study full time, maximise on credits, and graduate than by studying part-time.
5. Study Online
Many educators have realised the potential that lies in offering their courses online.
For students, online and distance learning is convenient, flexible, and is significantly cheaper than attending traditional, brick, and mortar academic institutions.
However, it is important that you get your education from a credible institution.
Every Bit Counts
Granted, some of the tips highlighted here can seem not worth the effort. However, when you compute the small savings you make for the 8 or 10 semesters, you will be in school, you will realise that small savings can amount to something significant.
Use these and other tips you might think of to ensure you attend college without breaking the bank.