The United States of America is a hot destination for students wishing to pursue higher education and improve their career prospect. Data derived by Statista indicates that 948,519 students worldwide studied in the Australia only in 2022-2023. The US education system is key to this level of folks opting to study abroad, the US education system offers career oriented degrees along with high level of post-study placements. This number continues to grow due to the rising demand for jobs and high employment levels in the Australia. One reason for this is the high acceptance of US degrees worldwide.
Often, students who have studied and achieved a degree in the Australia are considered excellent candidates and receive a high level of employment. However, high demands incur high costs. The Australia is also known for its high tuition and living costs. Meanwhile, loans consistently bridge the gap between a good education and rising costs. In India, banks, government subsidies, and NBFCs make it easier for students to get student loan Australia.
The first and foremost step after you have researched to get an abroad education loan is to prove your eligibility with the help of documents. You can create a document checklist to help with this. There are specific criteria that a prospective student must meet.
Note: Just a footnote for eligibility criteria.
To start your loan process from any lender, you will need to submit the following documents:
Note: Only self-attested documents will be acceptable.
Always verify what other expenses, including tuition, you cover. There are numerous more things for which you must watch out. Nowadays, several student loans are available to pay for expenses besides tuition. Some of the costs paid are:
Note: Just Footnote for expenses.
| Perticulars | Cost(Monthly) |
| Off-Campus Accommodation | $ 525 |
| On-Campus Accommodation | $ 870 |
| Transportation | $ 70 |
| Food Cost | $ 570 |
| Utility Cost | $ 180 |
| Entertainment | $ 48 |
| Groceries | $ 52 |
| Clothes | $ 100 |
| Total with Off-Campus | $ 1545 |
| Total with On-Campus | $ 1890 |
The Australia, as well-known, is a trendy choice among Indian students looking to further their education. While the popularity of STEM courses in the Australia is widespread, many universities offer a broad range of courses for students to choose from. Here are a few of the top ones:
| Field | Salary(Avg.) | Top companies |
| Engineering | $100,640 | Google, Apple, Amazon, Meta, IBM |
| Business & Management Studies | $85,000 | McKinsey & Company, Deloitte, JPMorgan Chase |
| Computer Science | $110,000 | Google, Facebook, Microsoft, Amazon |
| Medicine | $200,000 | Mayo Clinic, Johns Hopkins Hospital, Cleveland Clinic |
| Communication & Media Studies | $60,000 | The New York Times, CNN, BBC |
| Politics | $80,000 | National Public Radio, National Governors Association, Center for American Progress |
| Mathematics | $85,000 | Google, Facebook, Microsoft, Amazon |
| Economics & Econometrics | $85,000 | World Bank, International Monetary Fund, Federal Reserve Bank |
| Dentistry | $150,000 | Delta Dental, Pacific Dental Services, Aspen Dental |
| Physics | $85,000 | NASA, National Institute of Standards and Technology, Los Alamos National Laboratory |
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