One question parents consistently ask us is: “How much does studying abroad actually cost?” From the i-study team’s experience, the honest answer is that there is never one fixed number — because the cost of studying abroad depends on many factors, from the country and city you choose, to the university, the field of study, and each student’s lifestyle.
Some students choose to study in major cities where transport is convenient and job opportunities are plentiful, but living costs are correspondingly high. Others opt for smaller secondary cities, which offer a more comfortable and noticeably more affordable lifestyle. Meanwhile, some set their sights on a Top 50 or Top 100 university for the academic prestige and future opportunities it brings.
Before You Calculate a Budget, Understand What You’re Paying For
Many families tend to focus almost entirely on tuition fees — but studying abroad involves several cost categories, each of which affects the overall picture more than most people expect. Parents are sometimes surprised when they see the total budget. The i-study team generally recommends separating costs into two buckets: a large lump sum for tuition, and a set of ongoing monthly costs (rent, living expenses, etc.) that parents can send on a regular basis.
Country and City
Even within the same country, choosing a different city can mean a difference of hundreds of thousands of baht per year. For example:
- Major cities tend to have higher accommodation and transport costs
- Secondary cities are usually more affordable and offer a better quality of life for the price
- Regional cities (small towns) can have significantly lower rental costs
The clearest examples: London is more expensive than other UK cities; Sydney is more expensive than most Australian cities; New York is more expensive than most US states.
From our experience supporting hundreds of i-study students with accommodation in Australia, rent in central Melbourne runs around 1.000 USD per month, while in Perth it starts at around 540 USD per month — for a comparable quality of life (similar room size and distance to university). That gap makes accommodation one of the most critical variables in your budget.

Comparing the Cost of Living in 20 Popular Cities (City Index Table)
Based on i-study team experience and data from multiple online sources, we’ve compiled the following reference table for 20 cities popular among our students. New York is set as the baseline index of 100.
🇺🇸 United States (USA) — Cities for Students
| City | Cost Index | Monthly Cost (USD) | Cost Level |
|---|---|---|---|
| New York | 100 | 1,950-2,700 | Very High |
| Los Angeles | 85 – 90 | 1,650-2,450 | Very High |
| Chicago | 70 – 75 | 1,350-1,950 | High |
🇬🇧 United Kingdom (UK) — Cities for Students
| City | Cost Index | Monthly Cost (USD) | Cost Level |
|---|---|---|---|
| London | 95 – 100 | 1,800-2,700 | Very High |
| Manchester | 70 – 75 | 1,350-1,950 | High |
| Leeds | 65 – 70 | 1,250-1,800 | Moderate |
| Birmingham | 65 – 70 | 1,250-1,800 | Moderate |
🇦🇺 Australia — Cities for Students
| City | Cost Index | Monthly Cost (USD) | Cost Level |
|---|---|---|---|
| Sydney | 90 – 95 | 1,735-2,550 | Very High |
| Melbourne | 85 – 90 | 1,645-2,450 | High |
| Brisbane | 80 – 85 | 1,550-2,335 | High |
| Adelaide | 70 – 75 | 1,350-1,950 | Moderate |
| Perth | 75 – 80 | 1,437-2,100 | Moderate |
| Regional Cities | 60 – 70 | 1,135-1,800 | Low |
🇨🇦 Canada — Cities for Students
| City | Cost Index | Monthly Cost (USD) | Cost Level |
|---|---|---|---|
| Toronto | 85 – 90 | 1,650 | High |
| Vancouver | 85 – 90 | 1,650 | High |
| Montreal | 70 – 75 | 1,250-1,950 | Moderate |
🇳🇿 New Zealand — Cities for Students
| City | Cost Index | Monthly Cost (USD) | Cost Level |
|---|---|---|---|
| Auckland | 80 – 85 | 1,550-2,335 | High |
| Wellington | 75 – 80 | 1,430-2,150 | Moderate-High |
| Christchurch | 70 – 75 | 1,350-1,950 | Moderate |
🇸🇬 Singapore — Cities for Students
| City | Cost Index | Monthly Cost (USD) | Cost Level |
|---|---|---|---|
| Singapore | 95 – 100 | 1,800-2,700 | Very High |
University Choice
Leading universities and Top 100 institutions tend to charge higher tuition, driven by institutional reputation, academic resources, research funding, and the higher level of competition for places.
A scenario we see frequently is students or parents wanting to attend a Top 50 or Top 100 university even if it means switching from a first-choice field of study to a second-choice one. We generally advise against this, because your subject of study should ideally be something you genuinely love it will become your career.
A top-ranked university doesn’t automatically mean the best value, and a university outside the Top 100 is not necessarily a lesser choice. Sometimes a university that isn’t in the Top 100 but has a curriculum better aligned with your goals, strong practical training opportunities, and lower costs is actually the better fit for many students and many fields.
A good example is RMIT University in Melbourne, Australia (QS World Ranking 2027: #119). While it falls outside the Top 100, it has exceptionally strong industry connections and emphasises project-based learning with real organisations. Graduates from RMIT consistently find employment quickly and command strong salaries.
Field of Study
Your academic discipline also directly affects costs:
- Business, marketing, and communications degrees tend to have moderate tuition
- Science, engineering, IT, and lab-based programmes are typically higher
- Medicine, dentistry, and specialist health programmes are usually the most expensive

Average Annual Undergraduate Tuition Abroad 2026-2027 Summary
The i-study team has compiled estimated tuition figures for 2026-2027 below. These are broad averages for bachelor’s degree programmes in popular countries for general fields of study — medicine and other specialist programmes with unusually high fees are excluded.
| Country | Bachelor’s Duration | Average Annual Tuition |
|---|---|---|
| Australia | 3–4 years | 24,00-36,000 USD |
| United Kingdom | 3 years | 22,450-44,900 USD |
| United States | 4 years | 26,950-54,000 USD |
| Canada | 4 years | 17,950-32,950 USD |
| New Zealand | 3 years | 19,500-26,950 USD |
| Singapore | 2 years | 26,950-29,950 USD |
| Europe (Hungary, Sweden, Austria) | 3years | 12,000-14,970 USD |
These are broad reference figures to help students get a general picture before making a final decision — individual universities can vary significantly.
Australia — Most of our i-study students choose Australia. It remains one of the most popular destinations thanks to its high-quality education system and the range of options available in both major and secondary cities. A bachelor’s degree takes 3 years, and students can work up to 24 hours per week enough to cover day-to-day personal expenses.
United Kingdom — Many parents choose the UK even though annual tuition is higher, because students graduate in just 3 years meaning total costs can be comparable to a 4-year programme elsewhere, especially in London or at prestigious universities. However, across various cities and institutions that our team recommends, students can often receive partial scholarships that bring annual tuition down to around 18,000 USD. Students can work up to 20 hours per week.
New Zealand — New Zealand suits students who want a peaceful, safe environment without excessive living costs. The bachelor’s degree is 3 years, and students can remain and work in New Zealand after graduating. Many see New Zealand as an easy country to live in, with overall costs that are manageable compared to some more popular destinations. Students can work up to 25 hours per week.
Europe — Hungary, Sweden, Austria — Europe is attracting growing interest from i-study students. Many European countries offer 3-year English-taught bachelor’s programmes at very competitive prices compared to more traditional study destinations. Hungary, Austria, and Sweden in particular offer strong academic quality with international recognition. Students also have the bonus of accessing diverse cultures and convenient travel within Europe — making it an attractive option for cost-conscious families.
What Is the Total Budget for a Full Degree Programme?
This is usually the figure parents ask for most — a total number that makes the decision easier, showing clearly how much needs to be prepared from start to finish.
| Country | Estimated Total Budget |
|---|---|
| Australia (3 years) | 104,000-180,000 USD |
| United Kingdom (3 years) | 105,000-194,500 USD |
| United States (4 years) | 179,500-359,000 USD |
| Canada (4 years) | 119,500-209,500 USD |
| New Zealand (3 years) | 90,000-144,000 USD |
| Singapore (2 years) | 90,000-120,000 USD |
| Europe (Hungary, Sweden, Austria) (3 years | 74,850-90,000 USD |

Cost of Living Abroad — What to Prepare
Beyond undergraduate tuition abroad, the cost of living is equally critical — it’s an expense that recurs every single month.
As a general guide, budget around 12,000-24,000 USD per year for living costs, depending on the city, type of accommodation, and the student’s lifestyle.
Key Day-to-Day Expenses
- Accommodation — Many people assume that studying in Sydney is only slightly more expensive than Brisbane. In reality, rent can differ by more than 600 USD per month.
- Food — From our experience, we often encourage students to learn basic cooking. It keeps food tasting familiar and is far cheaper. For students who don’t want to cook, we often suggest part-time work at a restaurant — you typically get staff meals included, which helps with food costs.
- Transport — Living in university accommodation eliminates most transport costs and is ideal for the adjustment period during the first semester, though many students find it too restrictive for their liking.
- Other expenses — Phone and internet, study supplies, personal spending
Which Type of Accommodation Is Most Affordable?
1) University (On-Campus) Accommodation Convenient and safe ideal for first-year students. Generally more expensive than other options, particularly if meals are included. Some exceptions exist, such as Murdoch University in Australia, where on-campus accommodation (including utilities and internet) costs around 600 USD per month.
2) Off-Campus Housing / House Share The most popular option among international students. It reduces costs considerably while offering more personal freedom.
3) Homestay Best for students who want to adapt quickly, practise their language skills, and have some support with the basics like meals and internet during the initial period.
Food and Transport When Studying Abroad
Students who cook for themselves can dramatically reduce their monthly food costs. From our experience, students who eat out for every meal often find their budget disappearing faster than expected. Monthly food spending can be 2 to 3 times higher than for students who cook at home.
For transport, choosing accommodation close to university or in a city with a reliable public transit network can lead to meaningful savings.
Hidden Costs Many People Forget
When budgeting for study abroad, most people think of tuition and rent. But there are many other costs worth accounting for from the beginning.
Pre-Departure Costs
- University application fees
- English language test fees (IELTS, PTE, etc.)
- Passport fees
- Visa application fees
- Health check / medical examination fees
- Health insurance premiums
- Flights
- Accommodation deposit
- Settling-in expenses upon arrival
In total, pre-departure costs can run from 1,500-6,000 USD, depending on the country and the number of universities applied to.
Other Costs Worth Preparing For
- Textbooks and course materials
- Laptop or equipment required by the university
- Cold-weather clothing
- Return flights home during semester breaks
- Emergency savings fund

Do Top 50 / Top 100 Universities Really Cost More?
The answer is, in most cases, yes. Many students and parents planning an undergraduate degree abroad aim for a Top 50 or Top 100 university, believing it will open doors through prestige, postgraduate opportunities, and employment prospects.
Top 100 universities worldwide generally carry higher costs because:
- Tuition fees are typically 20–60% higher
- These universities are usually located in major cities
- Living costs in those cities are higher
- Admission competition is more intense
Estimated annual costs at Top 50 / Top 100 universities:
- United States: 45,000-93,000 USD per year
- United Kingdom: 39,000-75,000 USD per year
- Australia:36,000-60,000 USD per year
Are Top 100 Universities Worth the Cost?
When thinking about studying abroad, many families set their sights on a “Top 100 World University,” believing the institution’s name will increase job prospects and create a long-term competitive advantage. In many cases, this is true particularly in highly competitive fields like Finance, Engineering, Computer Science, or in industries where alumni networks matter enormously.
However, from the i-study team’s experience, we’ve found that choosing a university should go beyond rankings alone. The Return on Investment (ROI) deserves equal consideration.
For example: if a Top 100 university costs a total of 180,000 USD across the full programme, while a university ranked 150–300 with strong teaching quality, internship opportunities, and solid employer recognition costs only 90,000 USD, the difference can amount to 60,000-90,000 USD.
In many industries, employers don’t only look at university names. They also weigh academic results, internship experience, communication skills, and real work experience gained during study. A student who attends a university with a strong internship or Work Placement programme , many of which are not in the Top 100 may actually secure employment faster than a student from a higher-ranked university who lacks practical experience.
That said, Top 100 universities are absolutely worth considering for the right student. If your goal is to work at a global organisation, a multinational company, or to pursue research-based postgraduate study, the investment in a leading university can deliver meaningful long-term returns.
Ultimately, the key question may not be “Should I choose a Top 100 university?” but rather “Is this university the right fit for my goals, career path, and budget?” The best university for you isn’t always the highest-ranked one, it’s the one that helps you reach your destination in the most effective and cost-efficient way.
What Countries Can I Study In at Each Budget Level?
Budget around 30,000 USD per year
- New Zealand
- Australia
- Canada (some cities)
- Singapore
Budget around 30,000-60,000 USD per year
- Australia (major cities)
- United Kingdom
Budget from 90,000 USD per year and above
- United States
- UK (prestigious universities)
- Top 100 universities in major cities
Earlier this year, a mother contacted the i-study team wanting to send her two children to study abroad, with a budget of no more than 135,000 USD per child. We analysed their options and presented possibilities across the UK, Australia, and New Zealand. Although the UK initially seemed challenging at that budget, a full review revealed that by targeting universities with scholarship programmes, twin-bed or shared-room accommodation, and self-catered arrangements, it became a viable option worth presenting.

How Much Can Undergraduate Scholarships Reduce Costs?
Another term people search for constantly is undergraduate scholarships abroad.
While bachelor’s degree scholarships for international students are less abundant than postgraduate ones, there are real funding options that genuinely reduce costs — including international student scholarships and merit-based awards.
Most scholarships take the form of tuition reductions of 10–50%, and sometimes more for students with strong profiles. The i-study team makes it a point to flag scholarship opportunities for every student we advise.
In Australia, for example, many universities offer discounts of around 20–35%. Deakin University has a scholarship that can save students over 12,000 USD per year (a 50% reduction). In one case, a bachelor’s degree student from i-study received a 70% scholarship from Swinburne University of Technology in Melbourne, bringing annual tuition down to just around 6,000 USD.
Common Misconceptions About Studying Abroad
Students and parents who are just starting their research — often by asking friends or relatives — frequently encounter the same outdated ideas:
“You have to be very wealthy to study abroad” In our 10+ years of experience, this simply isn’t always true. Choosing the right country, city, and university can make the budget far more manageable than most people assume. We’ve helped many students from middle-income families study abroad successfully, including helping parents with financial planning — from credit card installment options to liquidating gold savings.
“Part-time work will cover tuition” In reality, part-time income typically covers living expenses and small personal costs — not full tuition fees. From our observations, the students who do manage to self-fund their studies through work are either those who already had at least half their tuition covered before starting, or those whose spouses worked full-time while they studied part-time.
“Only a Top 100 university makes it worthwhile” Not always true. In practice, a university that fits your budget and field of study may deliver better real-world outcomes. Interestingly, some of Australia’s top 5 universities have recorded lower graduate employment rates (measured at 6 months post-graduation) compared to universities outside that group.
“Costs are just tuition and rent” Hidden costs add up significantly — international return flights alone can derail a budget if not planned for from the start.
Let i-study Help You Plan Your Budget and Study Pathway
Studying abroad is one of the biggest financial investments a family can make. The earlier you plan, the more options you have — and the better value you can achieve. We typically recommend beginning the planning and application process 12 to 18 months before your intended start date.
The i-study advisory team is ready to help you analyse your real budget, identify the right country and university for your goals, and navigate scholarships and the application process systematically.
Frequently Asked Questions
Q: How much does studying abroad cost in total? A: On average, around 90,000-180,000 USD for a bachelor’s degree programme — but the actual figure depends on your chosen country, city, and university.
Q: Which country offers the best value for an undergraduate degree abroad? A: New Zealand, Australia, and select Canadian cities are frequently among the most cost-effective options relative to quality of life. All three also offer Post-Study Work Visas that allow graduates to work in the country and earn strong incomes after graduating.
Q: Is a budget of 90,000 USD enough to study abroad? A: Yes, for many countries and universities particularly if you choose a secondary city or qualify for a scholarship. For example, we’ve recommended JCU Brisbane for business students who qualify for a 35% scholarship (2026), which combined with Brisbane’s comparatively lower living costs and strong job market — can result in savings of over 9,000 USD per year compared to other Australian universities.
Q: How much savings do I need to show before applying for a visa? A: It varies by country and specific visa conditions, but as a general rule you should be able to demonstrate sufficient funds to cover one year of tuition, living expenses, and pre-departure costs.
Q: Can part-time work pay for my studies? A: Part-time work can cover daily living costs and personal expenses, but it should not be relied upon as the primary source of tuition funding.


















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