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Malaysia is one of the best countries in Asia that aims to provide a world-class education to international students thronging into the country. Studying in Malaysia has become popular among international students as they have discovered that education in Malaysia is a value for money option.
There are the best educational institutions in Malaysia, both Malaysian and other foreign institutions associated with the Malaysian government to have their branches in the country that attract a whopping number of international students looking to study overseas.
The cost of studying in Malaysia is 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 as well.
Alongside other countries that are identified as providing super quality education overseas, Malaysia takes a decent position for the education it delivers and the constant initiations made by the Malaysian government to enhance the education quality among the students.
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.
The major components of education cost are,
- Tuition fees and other study fees payable to the institution
- Living expenses which depend on location, your type of accommodation and your lifestyle
- Medical Insurance which is mandatory
- Miscellaneous expenses like entertainment, travel & clothing
The course fee depends on the institution chosen, program enrolled and their duration. On 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 the UK, the USA, and Australia, the cost of the study is much lowered. Master’s in Malaysia costs between RM 30,000 to RM 45,000 and most Master’s Degree are having a duration of 1 to 2 years. Other Diploma programs would cost somewhere around 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 the student’s registration on campus. Insurance would cost between RM 400 and RM 600 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 USD 100 – USD 500 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 USD 150 to USD 650 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 from RM 100 to RM 300 per month.
Food & Entertainment
The estimated cost for food will be around RM 400 to RM 450. Expenses for entertainment would depend on your personal lifestyle. However, the cost can be estimated to be between RM 100 and RM 400.
Some of the food products’ average price in Malaysia are as follows,
- 1 loaf of bread: 3.5 RM
- 1 litre of milk: 7 RM
- 12 eggs: 6 RM
- 1 kg of white cheese: 46 RM
- 1 kg of apples: 10 RM
- kg of bananas: 6 RM
- 1 meal at affordable restaurants: 10 RM
With the estimation given above, the total cost of living will average between RM 1,500 and RM 2,000 and it completely depends on the individual’s lifestyle and money management skills.
The cost of studying in Malaysia is affordable for many international students those looking for quality education at a low cost. Malaysian education makes a beneficiary all its students by delivering a proper education and introduction to the global job market.
To kick off your Malaysian education plan, connect with CanApprove. Our expert overseas education coordinators make up the best plan for you, help you in course selection, university selection, student visa acquisition, and also in accommodation. You can schedule a free appointment at your convenient time or ask us for a call back!
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