Studying costs money
Being a student can be expensive. There are many things you may
need to pay for, including tuition fees, books and other learning
Here we show you how to get your money organised early so you'll
have enough time and energy to get the most out of your course.
On top of your study costs, your living expenses, such as rent,
mobile phone and car costs may begin to add up when you start
Video: The costs of studying at university
The costs of studying at university
Diana got herself into some financial trouble when she started
full-time study at university. Watch the video to see how she
managed her budget to make sure she could afford to pay for her
Create a budget and track your spending
Take control of your money by doing a budget. This will help you
break down your regular income and expenses and see how much you
can save. Remember to include in your budget any financial assistance you
might receive whilst studying.
If you are leaving home to study there will be expenses you
haven't had to think about before. Our page on moving out of
home has plenty of tips to help make this change easier.
Break down your costs and plan for your future.
Keeping track of your spending will help you calculate your
day-to-day living expenses and see where your money is going. Our
easy-to-use mobile app is a handy tool for busy students.
See how much you are spending and how much you can save.
Read our case study about Katie, a uni
student who gets a reality check when she uses the budget
Student loans and
You may be eligible to receive an allowance or loan from the
Government to help you with your living or study costs. Visit our
webpage on financial help for students
to check what you're entitled to.
If you're fortunate enough to get the chance to study whilst
working it is important to understand your entitlements.
If your study or training is relevant to your job, you may be
able to claim some of your expenses as a tax deduction. See the
Australian Taxation Office's webpage on self-education expenses
for more details.
Paid study leave
Ask your employer if they can offer paid study leave or give you
time to study during work hours. Some employers may even be able to
pay for your course fees or other study expenses.
You may be doing on-the-job training through an apprenticeship
or traineeship scheme. If your employer agrees, they will pay your
wage while you get qualifications from TAFE or another training
The decision about who pays the cost of formal off-the-job
training for Australian apprentices is made by the Fair
Work Commission as it depends on the industrial arrangement or
award that the apprentice is paid under.
Australian Defence Force Academy
The Australian Defence Force
Academy (ADFA) offers tax-free pay and allowances to eligible
students who take on a career in the Australian Defence Force. ADFA
also pays for their undergraduate or postgraduate degrees.
You can also complete an apprenticeship or traineeship at ADFA.
Be aware that if you resign after your second year of study at
ADFA, you'll have to reimburse the government for the cost of your
If you have to reduce your work hours to manage your study, your
employer's superannuation contributions will
decrease. This is because your employer pays your super based on
your salary or wages.
Last updated: 19 Mar 2018