September 20, 2018

Understanding Tertiary Education Fees in Australia

Since education fees continuously increase, many parents prepare for their children’s education early on. Some get an education savings plan to ensure that they’ll be able to provide for school fees and requirements up to tertiary education.

Higher education or tertiary education is provided by different universities and institutions in Australia. These include the Technical and Further Education institutes and Registered Training Organisations. The country’s higher education system plays a significant role in ensuring that students are equipped with skills that they need to have a successful future, and policies and programs are implemented by the government to support tertiary education. Of course, there are fees involved. In this article, know more about tertiary education fees in Australia:

Tertiary Education Fees for Domestic Students

Higher education involves choosing a course that you want to pursue, and where you want to get your degree. Another consideration is the cost of the course. In general, it depends on the fee structure of your chosen course.

Commonwealth Supported Place (CSP) vs. Full-fee Place – The tertiary education fees depend on your course as well as the qualification level and whether you will get it at a university or a private provider. If you’re planning to get a research degree, you don’t have to worry about fees. Government schemes fund students who are undertaking a master’s degree by research or a research doctorate.

Degree Loans – There are government loans available that can help you manage your tertiary education fees. The government can defer all or part of your fees, though this will depend on whether you get a CSP or a full-fee place. One loan type is the HECS-HELP that is for students who get a CSP, and is available at public universities and in some courses offered by private institutions. The other loan type is FEE-HELP that is available for those who receive a full-fee place. Bear in mind that only postgraduate students are eligible for this loan type.

Tertiary Education for International Students

The fees will depend on the level of study and where you want to attend. If you’re an international student, you will be required to pay fees before you study. Take note that there may be additional costs such as payment for course materials and access to facilities. To give you an idea, here are estimates for different types of qualifications:

  • School – from $7,800 up to $30,000
  • English language studies – $300 per week, depending on the course length
  • Vocational education and training – from $4,000 to $22,000
  • Undergraduate bachelor’s degree – from $15,000
  • Postgraduate Master’s degree – from $20,000
  • Doctoral degree – from $14,000

Got other ideas on child’s education and tertiary education fees in Australia? Share your tips in the comments section.

About the author  ⁄ Marxa Dillan

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