Can you pay your fees in Australia?? |Current situation in Australia for international students

Summary

The video discusses whether students can manage to pay off their tuition fees while studying abroad, focusing on countries like the US, UK, Australia, and Canada. The host, Parshad Kumar, shares insights based on personal experience studying in Australia. He explains the financial challenges international students face and how part-time jobs might help offset some expenses but typically won’t cover the entire tuition. The video also highlights the importance of securing affordable accommodation and finding campus jobs with better pay rates, offering tips for effective financial management during studies.

Takeaways

• 📚 Studying abroad involves high fees, and students often wonder if they can recover those costs through part-time jobs during their study period.
• 🌍 Popular destinations for studying abroad include the US, UK, Australia, and Canada, with each having specific regulations on work hours for students.
• 💸 It is challenging to cover the full cost of education through part-time work alone. Students may be able to save some money but are unlikely to cover their entire tuition.
• 🏠 Finding affordable accommodation near the university is crucial, and services like Amber Accommodation can help students secure housing without hassle.
• 💼 Students are allowed to work limited hours on study visas, with some countries allowing 20-24 hours of work per week. However, finding jobs can be competitive and difficult initially.
• 📈 The video shares a detailed breakdown of weekly living expenses, including rent, transportation, groceries, and other miscellaneous costs.
• 📊 Through an Excel sheet analysis, the speaker calculates that while students can cover some expenses, it is nearly impossible to pay off full tuition fees with part-time work.
• 💡 For students on a post-study work visa, it becomes easier to cover educational loans and expenses with full-time jobs, although it can take several years.
• 🏫 Some universities offer higher-paying jobs on campus, like research assistant or data admin roles, which can help students earn more than regular part-time work.
• 💼 Planning ahead and managing finances conservatively is essential, as the study and work-life abroad come with both opportunities and challenges.

Q & A

What is the main concern addressed in the video?

The video addresses the concern of whether students studying abroad, particularly in countries like the US, UK, Australia, or Canada, can cover their educational expenses and fees while studying or after securing a job.

Can students fully cover their tuition fees through part-time jobs while studying abroad?

According to the video, it is not possible to fully cover tuition fees through part-time jobs during student life. The video suggests that while students can save some money, they can only cover a part of the fees, not the full amount.

What advice is given for finding affordable accommodation abroad?

The video recommends using services like Amber Accommodation, which helps students find affordable, secure accommodation near their university, reducing the hassle of finding housing and saving on expenses like rent.

What are the financial challenges students face when they first arrive abroad?

Students face various financial challenges, including high rent, transportation costs, groceries, mobile bills, and finding part-time jobs. Initially, students may not get enough work hours to cover all their expenses.

What is the average weekly expense for a student in Australia as per the video?

The average weekly expense for a student in Australia, according to the video, is around $441, including rent, transportation, groceries, and other basic expenses.

How much can a student earn in a week through part-time jobs in Australia?

A student in Australia working part-time can earn around $80 per week after taxes, based on the assumption of working 24 hours at an average rate of $32 per hour on weekdays.

Is it easier to cover tuition fees after securing a full-time job post-graduation?

Yes, the video suggests that it is easier to cover tuition fees and other expenses after securing a full-time job post-graduation, as the earnings significantly increase, especially in countries like Australia where the average salary can range from $65,000 to $100,000 per year.

What kind of jobs can offer higher pay for students during their studies?

The video mentions that university-based jobs, such as research assistant or data admin positions, can offer higher pay—up to $50 per hour—compared to regular part-time jobs.

Can students claim tax refunds to reduce their tuition fees in Australia?

Yes, students who work part-time at the university and pay higher taxes can potentially claim tax refunds at the end of the financial year, which can be used to offset part of their tuition fees.

What advice does the video give about managing finances during studies abroad?

The video advises students to be conservative with their spending, save whenever possible, and explore opportunities such as higher-paying university jobs. It emphasizes the importance of planning and not relying on short-term fixes or misleading promises from agents.