Friday, August 23rd, 2019

Cost of education

Whilst there is no disputing the fact that the standard of education in Australia is one of the highest in the world, many are surprised to learn that the cost of education in Australia is much lower than comparable schools in the United States or Europe.

Average tuition comes to around A$18,000 a year. This is equivalent to only US $15,100, €10,200 or £8,100. This is considerably lower than the estimated average cost of tuition per year of US $35,000 in the US  and $28,000 in the UK.

The reason for this is simple: the Australian dollar has a somewhat lower face value than the US dollar (even in recent currency fluctuations). In other words, your dollars (or pounds or Euros) can be exchanged for a considerably greater amount of Australian dollars. Tuition money can go ‘further and farther’ if you go to an Australian university.