Study in Malaysia has become popular among international students as they have discovered that education in Malaysia is a value-for- money option. The Malaysian government allows international students to work while studying in Malaysia and students can earn some income from the work to offset their miscellaneous expenses. Education costs in Malaysia are much cheaper than many other overseas countries for international students. Taxation in Malaysia is kept at a very lower rate which thereby lowers the living costs.
The major components of education cost are:
Course fee depends on the institution chosen, program enrolled and their duration. On an average, the tuition fee for Bachelors in Malaysia ranges from RM 25,000 to RM 60,000 where the course duration will be 3 or 4 years. When compared to other study destinations like UK, USA, and Australia the cost of the study is much lowered. Masters in Malaysia cost between RM 30, 000 to RM 45,000 and most Masters Degree are having a duration of 1 to 2 years. Other Diploma programs would cost RM 20,000 to RM 30,000.
Medical and health insurance is mandatory for all foreign students. Insurance coverage will begin from the date of student’s registration on campus. Insurance would cost between RM 400.00 – RM 600.00 per annum and the amount is subject to change from time to time.
The cost of accommodation depends on the type and location one chooses. The cost of on-campus accommodation can vary from USD100 – USD500 per month. Students can also opt for off-campus accommodation. There are various types of off-campus accommodation which include flats, apartments, shared houses and terrace houses. The cost of off-campus accommodation can vary from USD150 – USD650 per month.
Transportation in Malaysia is cheap and comfortable. The city has air-conditioned buses connecting various places within and outside the city and bus is the cheapest way to travel in the city. Travelling may cost approximately RM100 to RM300 per month.
Food & Entertainment:
Estimated cost for food will be around RM400 to RM450. Expenses for entertainment would depend on your personal lifestyle. However, the cost can be estimated to be between RM 100 and RM 400.
With the estimation given above, the total cost of living will average from between RM1, 500 and RM 2,000 and it completely depends on individual’s lifestyle.