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What is the budget required for studying a master's degree in Canada, Australia, and the UK?

22 Jun 2026 · Answered by Disha Roy Choudhury · 1 min read
Disha Roy Choudhury
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For a master's in Canada, budget about CAD 22,000-40,000 per year for tuition and CAD 1,800-3,000 per month for living. In the UK, tuition is GBP 12,000-45,000 per year and living costs are GBP 800-1,500 monthly, with most master's lasting one year. For Australia, expect AUD 32,000-50,000 tuition and AUD 2,000-3,500 monthly living expenses. Scholarships and part-time work can help manage costs.

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Soundarya M
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Here’s the typical budget range for a Master's in Canada or the UK (Jan 2027 intake):

Canada:
- Tuition: CAD 18,000 - 40,000/year
- Living expenses: CAD 12,000 - 18,000/year
- Total: CAD 30,000 - 58,000/year

UK:
- Tuition: £11,000 - 38,000/year
- Living expenses: £10,000 - 15,000/year
- Total: £21,000 - 53,000/year

These estimates cover tuition and living costs and are subject to change. Additional expenses like visa fees and health insurance apply. For a more tailored estimate, discuss your preferred universities and course with your LeapScholar counsellor.

Muskan Jain
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You'll typically need a total annual budget of AUD 42,000 - 80,000 to study in Australia, including both tuition and living expenses. Actual costs vary by city, university, and lifestyle.

- Tuition (Master's): AUD 22,000 - 50,000/year (subject to change)
- Living expenses: AUD 20,000 - 30,000/year (includes accommodation, food, transport, and personal costs)

These are approximate figures and can change based on your choices and location.

If you need help planning your budget or selecting universities, connect with your LeapScholar counsellor.

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