International students spend $22,001 annually to study in Singapore

Tuition fee costs averaged $16,933.

It takes about US$16,156 (S$22,001)per year to study in Singapore with an average tuition fee of US$12,434 (S$16,933), according to Wise.

The global technology company specialising in money management revealed the top 10 most expensive places for international students studying abroad. This ranking takes into account both tuition costs and fees associated with cross-border transactions.

Singapore was seventh out of the listed costliest markets to study.

Other educational costs included when studying in Singapore averaged US$3,721 (S$5,067). Enduring all the expenses meant losing money worth US$427 (S$581) or 2.64% – a percentage representing how much international students could be saving if they used Wise for paying for their tuition and other related educational costs, compared to other, traditional providers.

ALSO READ: What do Singaporean students consider an ideal job?

According to the ranking, the United States is the most expensive place to study abroad, with international students paying nearly US$35,096 (S$47,793) annually.

New Zealand is the second-most expensive destination, followed by Australia (3rd), Canada (4th), Hong Kong (5th), and the United Kingdom (6th).

Wise also found that international students in these top 10 expensive destinations collectively overpay approximately US$1.1m (S$1.5m) annually in international money transfer fees.

(US$1.00 = S$1.36)

Follow the link for more news on

Wise

Also Read

Four in 10 S’poreans say superiors recognise importance of payments

1 in 2 workers comfortable discussing mental health with mgmt: survey

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit