The cost of pursuing an MS in Psychology in Australia includes tuition fees, accommodation, food, health insurance, visa charges, and other living expenses. Based on the estimates below, students may need to budget around AUD 55,000 to AUD 80,000 or more per year, depending on the university, city, and lifestyle. Actual costs can vary, particularly because tuition fees and accommodation differ across locations.
Here is an estimated cost breakdown for a Master's in Psychology in Australia:
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Expense
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Estimated cost
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Student visa application fee (Subclass 500, one-time)
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AUD 2,500 (INR 1.7 lakh)
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Tuition fees (annual)
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AUD 41,200 to AUD 60,870 (INR 28 lakh to INR 41.4 lakh)
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Visa proof of funds for living costs (annual benchmark)
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AUD 29,710 (INR 20.2 lakh)
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Overseas Student Health Cover (OSHC, annual)
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AUD 500 to AUD 700 (INR 34,000 to INR 47,600)
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Accommodation (monthly)
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AUD 380 to AUD 1,700 (INR 25,840 to INR 1.16 lakh)
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Food and groceries (monthly)
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AUD 500 to AUD 1,000 (INR 34,000 to INR 68,000)
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Utilities (monthly)
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Around AUD 200 (INR 13,600)
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Internet (monthly)
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AUD 70 to AUD 120 (INR 4,760 to INR 8,160)
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Public transport (monthly)
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AUD 30 to AUD 70 (INR 2,040 to INR 4,760)
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English language test fee (one-time, if required)
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AUD 250 to AUD 400 (INR 17,000 to INR 27,200)
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Note: The proof-of-funds amount is a financial capacity requirement for the student visa application, not an additional expense. It represents funds students may need to demonstrate they can access for living costs. Check the latest Australian Government requirements, as visa fees and financial thresholds can change.