Jul 25, 2024

Affordable Universities in Australia for Masters: Fees, Funding Options & More

Studying in Australia might sound like sunlit campuses, world-class education, vibrant cities, and weekend getaways to beaches that look straight out of a postcard. But somewhere in between all that excitement, a thought might cross your mind: Isn’t studying in Australia expensive?

Well, here’s the good news: it doesn’t always have to be! Australia is not just home to top-ranked Universities and breathtaking landscapes, but also to several affordable Universities that make quality education accessible without costing you a fortune. So, if you’ve always wanted to study Masters in Australia but thought it was beyond your budget, it’s time to think again. But before that, let us understand how much it actually costs you to study in the Land Down Under.

Cost to Study in Australia Highlights

When it comes to studying in Australia, there isn’t a one-size-fits-all cost. The total expense largely depends on your chosen Course, University, and even the City you decide to live in. Some programs may also include additional costs for study materials, lab equipment, or specific clothing requirements.

To help you get a clearer idea, we’ve outlined the approximate costs of studying in Australia in the table below. 

Well, you might be wondering, why is it even important to know the basics of studying in Australia? The answer is simple, understanding the cost structure helps you realize the true value of choosing an affordable yet reputable University. 

So, it’s time to understand why choosing an affordable Australian University for your Masters can be one of the smartest decisions you’ll ever make. 

Why Study Masters in Affordable Australian Universities?

Pursuing a Master’s degree is undoubtedly a big investment both in time and money. But when you choose an affordable Australian University, you get the best of the benefits that make them worth considering.

• Lower Tuition Fees Without Compromising Quality: These Universities offer excellent academic programs and modern facilities at much lower costs.

• More Return on Investment (ROI): With reduced tuition fees and strong employability outcomes, you recover your study costs faster and start building your career sooner.

• Access to the Same Benefits as Premium Institutions: From scholarships and internships to research opportunities, affordable Universities offer almost all the benefits of higher-priced ones.

• Cost-Effective Living Options: Many of these Universities are located in regional or smaller cities where accommodation and daily expenses are more budget-friendly.

• Financial Flexibility for Students: Lower costs give you the freedom to manage your finances better, allowing room for travel, networking, or further studies.

With all these benefits in mind, let’s dive deeper and explore the affordable Universities in Australia where you can pursue your Masters.

Top 12 Affordable Universities in Australia for a Master’s Degree

In this section, we’ll take you through a list of affordable Australian universities for Master’s programs. You’ll get a quick overview of each University, including its popular study areas, tuition fee range, and more. 

This will give you a clear snapshot of your options, while the table below provides all the detailed information you need to plan your study journey effectively.

Even though studying at an affordable University helps reduce your expenses, there will still be costs that you may not want to cover from your savings. To keep your finances intact, overseas education loans can be a great option. But who provides these loans? Let’s explore that in the next section.

Top Lenders Providing Student Loans for Masters in Australia

The Australian High Commission accepts education loans from Government and Private banks as valid proof of funds for student visa applications. While NBFCs and international lenders may offer flexible unsecured loan options, their acceptance in the Australian visa process is quite limited. 

Mostly, loans from international lenders are not accepted, and only a few NBFC loans, like Credila, qualify, provided the entire loan amount is disbursed before admission. To help you understand your options better, we’ve outlined the key details of the top lenders in the table below.

As you can see, there are several lenders offering overseas education loans for a Masters in Australia. But with so many options, choosing the right one can feel a little challenging. That’s exactly where Élan Overseas Education Loan assistance comes in, helping you find the most suitable lender, compare options, and secure Australia student loan with ease.

How Élan Loans assists in getting Education Loan for Masters in Australia?

With a perfect blend of expert guidance and advanced technology, Élan Overseas Education Loan Assistance ensures a seamless loan process for students aspiring to study Masters in Australia. 

From identifying the right lender, meeting the criteria for education loan, to helping with documentation and approvals, Élan makes the entire journey effortless and stress-free. Here’s how we simplify your overseas loan process.

• Affordable Funding Options: Access customized loan solutions that fit your study budget.

• End-To-End Loan Assistance: Get expert support throughout the overseas education loan process.

• Loan Sanction Before Admission: Secure your education loan well in advance for a smooth admission process.

• Proof of Funds Assistance: Receive guidance in presenting valid financial proof to Universities and Visa authorities.

• Pre-Visa Loan Disbursal for eCOE: Secure your education loan before receiving the eCOE, ensuring smooth visa processing.

So, reach out to us today and take the first step toward your academic journey with complete financial confidence.

Affordable Universities in Australia for Masters FAQs

1. Can I apply for a post-study work visa after completing my Master’s from an affordable University?

Yes, you can! Graduates from accredited Australian Universities, including affordable ones, are eligible for a Post-Study Work Visa of up to five years, depending on the level of qualification and the city you study in. This gives you the opportunity to gain valuable global work experience after your studies.

2. Can students work part-time while studying at affordable Universities in Australia?

Absolutely! As an international student, you can work up to 48 hours per fortnight during your academic sessions and full-time during holidays. This not only helps manage your living expenses but also gives you a taste of the Australian work culture.

3. What does an overseas education loan cover for Masters in Australia?

An education loan generally covers tuition fees, accommodation, travel expenses, health insurance, books, and other study-related costs. Some lenders even provide additional funds for laptop purchases or living expenses.

4. Is it a good idea to apply for an unsecured overseas education loan?

It depends on your financial profile and University requirements. Unsecured loans (without collateral) are a great option if you meet the lender’s eligibility criteria, as they offer faster approval and flexible repayment terms. However, always ensure the lender is accepted by the Australian High Commission before proceeding.

5. Does Élan charge for its education loan assistance services?

No, Élan’s education loan assistance is absolutely free of cost. The expert advisors guide you throughout the process, from comparing lenders to securing your loan sanction, without charging any consultation fee.