RMIT is one of the best research institutes in Australia. Every year, thousands of students from 160 countries wish to study here. However, planning a successful journey is not easy because they need to pay a high amount on the annual tuition fees of RMIT University. Moreover, they have to spend a lot to live a reliable life abroad. In this case, the best study abroad agents in the market provide expert tips to manage all the finances.

Well, if you wish to study abroad, then you are at the right place. Read this article and know the RMIT University fees, average living expenses and expert ways to manage them.

Average Cost of Studying at RMIT Institute

A study abroad journey is way too costly for average students because they need to spend a lot on annual tuition fees and personal living expenses. However, let's know the average amount students need to study at RMIT. It will help you to make a proper budget for your journey.

Tuition Fees

The major amount of studying abroad goes on the tuition fee. The RMIT University fees depend on the course students choose to master at the institute. But on average, they need between INR 6 lakhs to INR 2 crores per annum to pay the tuition fees for UG and PG courses.

Accommodation

It is another place where students need to spend a lot. There are two types of student accommodation available.

• On Campus- the RMIT University offers one of the best on campus facilities. It consists of sharing or a single bedroom with sharing or private bathrooms. However, the housing rent for this facility includes the utility charges.
• Off Campus- This housing facility is arranged by students outside the university campus. It offers more privacy and freedom and is a bit costly when compared to on campus facilities. However, students must note that its housing rent may or may not include utility charges.

Travelling Costs

Australia has a strong transportation network. Students can use public transport facilities at affordable prices to travel from one place to another in the city. However, it will cost between AUD 150- AUD 200 per month.

Personal Living Expenses

It is not easy to know the average cost of personal living expenses because it depends on the lifestyle a student chooses to live in Australia. On average, it costs between AUD 1500 to AUD 2000 per month. This amount includes food, utility, health insurance and other expenses.

These were some common areas where students spend money while studying at RMIT University. Now, let's move to the next section and understand the expert ways to manage funds for making a reliable journey.

Expert Ways to Manage Finance to Study at RMIT

The best study abroad experts provide some tips mentioned below to arrange finance for overseas studies. However, you must know them. It will help you arrange a sufficient amount for a reliable overseas study journey.

Apply for Education Loan

An education loan is the best way to arrange money for studying abroad. Students should make a proper budget and evaluate the amount they need to live a reliable life while studying at RMIT Institute. Further, they should visit the banks and ask for a loan application and fill that out to finance their studies. This practice will help them with their tuition fees and other expenses for their education.

Seek Scholarships

Scholarships are the best way to manage finances abroad. Australian Government and RMIT University offer a range of scholarships for financial aid. It helps the students to get relief in the total amount of their tuition fees. In addition, they may also get monthly stipends for their personal living expenses.

Use Forex Cards

Changes in currency exchange rates can increase the budget for overseas studies. So, experts ask study abroad aspirants to get a forex card from an authorised bank. It is a prepaid card that allows to make international payments in the local currency with hidden charges. In addition, it gives reward points on every transaction. Thus, it helps students to get several benefits abroad.

Work Part Time

The Australian Government allows students to work part-time for 20 hours per week. It helps them to learn several working skills and earn some money to manage all their living expenses.

Conclusion

To sum up, it is not easy to live a reliable life while studying at RMIT because students need a lot of money for the annual tuition fees and personal living expenses. So, experts advise them to apply for a study loan and scholarships. Further, they also guide to use the best Forex Card to make payments and look for part-time jobs to earn living expenses. Thus, following these tips helps students to manage their finances and make an easy life abroad.