Studying abroad can prove extremely expensive. Tuition fees vary widely across international universities, as do cost of living expenses. According to HSBC, the United States has the highest average annual fees for international students of any country worldwide – $24,914.
Australia isn’t too far behind, with its annual university fees adding up to $24,081. HSBC 2014 research ranked Australia as top expensive place for an international student to go to university. With 20 per cent of university students coming from overseas, Australia has the highest concentration of international students in the world.
HSBC’s research also takes a look at living expenses which stand at approximately $42,093 per year in Australia and $36,564 in the US, making the former a more expensive overall option for students. Tuition fees are significantly lower in Asia.
Chinese universities have an average annual fee of $3,844 while in Malaysia, it is only $2,453. It is worth mentioning that international students studying in Germany pay an average of just $635 each year in tuition fees.