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How much funding do I need to provide from my side for studying abroad in Australia/Canada for a Master's?

17 Aug 2026 · Answered by Mona Negi · 1 min read
Mona Negi
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The amount of funding you need for a master's abroad depends on the country, university, program, and your lifestyle. For Indian students, here’s a typical breakdown:

Canada:
- Tuition: CAD 15,000 - 65,000/year (program-dependent)
- Living expenses: CAD 1,500 - 2,500/month
- Proof of funds: At least CAD 23,000 for living, plus tuition (for visa)
- Health insurance: CAD 600 - 1,000/year
- Visa fee: CAD 150 (subject to change)
- Airfare: ₹40,000 - ₹1,20,000

Australia:
- Tuition: AUD 22,000 - 55,000/year
- Living expenses: AUD 1,500 - 2,500/month
- Proof of funds: At least AUD 29,710/year (for visa)
- OSHC (health cover): AUD 600 - 800/year
- Visa fee: AUD 710 (subject to change)
- Airfare: ₹40,000 - ₹1,20,000

These figures are approximate and can vary. Budget for books, materials, and personal expenses as well. Scholarships and part-time work may help reduce costs.

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