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How Affordable Are Overseas Universities Compared To Local Universities?

How much more would it cost to study in an overseas university?

 

An overseas education appeals to many local students fresh out of Junior Colleges and Polytechnics. Many relish the independence and freedom they would have overseas. An education abroad exposes students to a different learning environment, culture and teaches many lessons outside of the classroom.

It is a known fact that it costs more to study in overseas universities, but just how much more are we talking about? How affordable is an education abroad? We look at 5 different courses across different countries to help students better decide on where they should study.

Faculty: Medicine

School Fees (SGD$) Accommodation (SGD$) Living Expenses (SGD$) Total

(SGD$)

Singapore

(National University of Singapore)

26 400 5 000 4 000 35 400
Australia

(Monash University)

68 000 10 000 7 000 85 000
United Kingdom

(Imperial College London)

75 000 16 000 11 000 102 000
Ireland

(Trinity College Dublin)

60 000 8 000 6 000 74 000

 

Faculty: Law

School Fees (SGD$) Accommodation (SGD$) Living Expenses (SGD$) Total

(SGD$)

Singapore

(National University of Singapore)

12 500 5 000 4 000 21 500
Australia

(Monash University)

35 000 10 000 7 000 52 000
United Kingdom

(London School of Economics)

40 000 16 000 11 000 67 000

 

Faculty: Business

School Fees (SGD$) Accommodation (SGD$) Living Expenses (SGD$) Total

(SGD$)

Singapore

(National University of Singapore)

9 450 5 000 4 000 18 450
Australia

(University of Melbourne)

38 000 20 000 7 000 65 000
China
(Peking University)
5 500 10 000 3 000 18 500

 

Faculty: Social Sciences

School Fees (SGD$) Accommodation (SGD$) Living Expenses (SGD$) Total

(SGD$)

Singapore

(National University of Singapore)

8 050 5 000 4 000 17 050
Australia

(Monash University)

28 000 10 000 7 000 45 000
United Kingdom

(London School of Economics)

38 000 16 000 11 000 65 000
USA
(New York University)
62 000 20 000 10 000 92 000

 

Faculty: Engineering

School Fees (SGD$) Accommodation (SGD$) Living Expenses (SGD$) Total

(SGD$)

Singapore

(National University of Singapore)

8 050 5 000 4 000 17 050
United Kingdom

(Imperial College London)

54 000 12 000

 

11 000 77 000
Australia

(University of New South Wales)

40 000 15 000 7 000 62 000

(Note that school fees for the same course will differ across universities in the same country.)

Fees Per Annum, excluding summer (For a Singaporean student) (estimated):

In our calculations, we focused on accommodation on campus. However, many students opt for off-campus housing to save costs. The living expenses may also differ vastly depending on the student’s lifestyle and habits. We also need to consider that some degrees are attained faster overseas (i.e. 3 years instead of 4 years) which will help to reduce your overall university education costs.

To fund the significantly higher cost of an overseas education, many people look to securing scholarships.

Read Also: 4 Things You Need To Seriously Consider Before Taking Up A Scholarship

However, not every course we decide to pursue are offered in Singapore. For example, Doctor of Veterinary Medicine is not a course offered locally. In order to become a vet, one would need to study abroad in countries such as Australia.

Many positions that require allied health professionals are often short-handed in Singapore hospitals. These allied health courses such as physiotherapy are not as widely offered in Singapore and many students look to study overseas on scholarships (usually under MOH). However, starting this year, Singapore Institute of Technology (SIT) has paired up with Trinity College Dublin (TCD) to offer an Honours Degree in Bachelor of Science in Physiotherapy. Students now have more options when it comes to choosing the course of their interest.

Ultimately the decision to study overseas or locally also depends on other factors besides the cost, such as the course you intend to take, the student life, education experience and your ability to finance your education.

Read Also: Common Ways To Finance Your Education

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