Monash University Fees for Indian Students 2027: Tuition Fees, Living Costs & Scholarships

Monash University fees for Indian students range from AUD 41,600 (INR 23.80 Lakhs) per year for undergraduate Arts programs to AUD 61,100 (INR 34.95 Lakhs) per year for Bachelor of Pharmacy. Master’s programmes sit between AUD 46,700 (INR 26.71 Lakhs) and AUD 55,000 (INR 31.46 Lakhs) per year. The most-applied postgraduate courses at Monash University among Indian students are the Master of Business Information Systems, Master of Data Science, and Master of Information Technology, each priced around AUD 46,700 (INR 26.71 Lakhs) per year.

The July 2026 Semester 2 intake has already commenced, so the realistic entry point for Indian applicants is the February 2027 Semester 1 intake, with the next opportunity being July 2027 Semester 2. Australian Student Visa (Subclass 500) processing takes 4 to 8 weeks, and offer letters release from October through December, so the paperwork window opens well before the intake month.

Key fee anchors for the February 2027 intake at Monash University:

• Undergraduate Bachelor of Business: AUD 55,900 (INR 37.32 Lakhs) per year
• Undergraduate Bachelor of Engineering (Honours): AUD 59,600 (INR 39.79 Lakhs) per year
• Master of Business Information Systems: AUD 55,500 (INR 37.05 Lakhs) per year
• Master of Data Science: AUD 55,700 (INR 37.19 Lakhs) per year
• MBA (online): AUD 66,300 (INR 44.26 Lakhs) total
• Monash International Merit Scholarship (automatic): AUD 15,000 (INR 8.58 Lakhs) per year

Payment sits on a two-stage schedule. An offer letter requires an initial deposit of AUD 12,000 to AUD 15,000 (INR 6.86 to INR 8.58 Lakhs) to trigger the Confirmation of Enrolment (CoE, the document required for the Student Visa Subclass 500 application), and this deposit counts fully toward first-semester tuition. The balance of tuition is charged per semester, with the second semester’s invoice arriving before Semester 2 commencement. A 3% early payment discount applies when the full-year tuition is settled by the census date.

Exchange rate: AUD 1 = INR 66.77 as of July 28, 2026. All conversions in this article use this rate.

Read More: Monash University Admissions 2026

Monash University Tuition Fees by Programme for Indian Students

Tuition at Monash University is billed per 48 credit points, which is one standard full-time year. Programme cost varies sharply by discipline: a Bachelor of Arts is billed at AUD 41,600 (INR 23.80 Lakhs) per year, while a Bachelor of Pharmacy climbs to AUD 61,100 (INR 34.95 Lakhs) per year. Postgraduate coursework Masters cluster in a tighter AUD 46,700 to AUD 55,000 band (INR 26.71 to INR 31.46 Lakhs).

Monash University Undergraduate Tuition Fees for February 2027 Intake

Undergraduate Bachelor programmes typically run 3 years (Arts, Business, Science) or 4 years (Engineering Honours, Pharmacy). The fees below are the 2026 published rates that anchor the February 2027 intake pending the annual review.

Monash University Postgraduate Tuition Fees for February 2027 Intake

Master’s programmes are Monash’s largest volume category for Indian applicants. Business Information Systems, Data Science, and Information Technology are the three most-applied streams from India. Duration is typically 1.5 to 2 years depending on prior qualification credit.

Monash University Cost of Living in Melbourne for Indian Students

Melbourne is Australia’s second most expensive student city after Sydney, but the Clayton campus sits in a suburban corridor with substantially cheaper rent than the CBD. Shared housing within a 20-minute walk of campus keeps monthly outgoings within the Home Affairs threshold of AUD 29,710 (INR 17.00 Lakhs) per year, which is the mandatory living-cost proof required for the Student Visa Subclass 500.

Rent is the single lever that swings this table. Moving from a shared house in Clayton to a studio in South Yarra shifts monthly rent from AUD 1,200 to AUD 2,600 (INR 68,640 to INR 1.49 Lakhs), adding INR 16.80 Lakhs to a 2-year Master’s degree without changing anything else. Most Indian PG students at Monash stay in Clayton, Notting Hill, or Oakleigh for the entire degree. More information can be found in cost of living in Australia guide. 

Total Cost of Studying at Monash University

Total Year 1 cost brings together tuition, living, mandatory visa and health cover, and a small buffer for setup expenses. Undergraduate scenarios use a 10-month living basis (with the Australian summer break spent working or in India), while postgraduate scenarios use a 12-month basis because Master’s coursework runs across all three semesters at Monash.

Mandatory Fees include Student Visa AUD 2,500 (INR 1.43 Lakhs, one-time) plus OSHC AUD 700 for one year (or roughly AUD 1,100 for two years for PG students, INR 62,920).

Monash University Scholarships for Indian Students

Monash awards a mix of automatic merit-assessed grants and application-based scholarships. Indian students should treat the Monash International Merit Scholarship as the base layer and stack it with an external India-side award such as the Inlaks or JN Tata to reduce the loan-funded portion of tuition.

External Indian scholarship windows for the February 2027 intake are opening through the second half of 2026 and early 2027. All five listed below fund Australian postgraduate study and are recognised by Monash for combined disbursement.

All five require unconditional offer letter and confirmed Monash CoE. For other external scholarships, visit scholarships in Australia page. 

Read More: Monash University Scholarships for Indian Students

Hidden Costs of Studying at Monash University

Sticker-price tuition and living cover roughly 90% of your outlay. The other 10% is the set of one-time or once-per-year charges that families routinely underbudget for the February 2027 intake.

• Student Visa Subclass 500 fee: AUD 2,500 (INR 1.43 Lakhs). Rose from AUD 1,600 to AUD 2,500 with effect from 1 July 2026. Paid once at visa filing, non-refundable if the application is refused.
• Overseas Student Health Cover (OSHC): AUD 550 to AUD 700 per year (INR 31,460 to INR 40,040). Mandatory for the full duration of the visa, paid upfront in a single tranche at visa filing. A 2-year Master’s requires around AUD 1,100 (INR 62,920) of OSHC paid at offer stage.
• IELTS or PTE test and rebooking: INR 16,000 to INR 32,000. A retake costs the full fee again, and most Monash PG programmes require IELTS 6.5 overall.
• Setup costs in Melbourne: AUD 2,000 to AUD 3,000 (INR 1.14 to INR 1.72 Lakhs). Bond and first month’s rent, cookware, bedding, winter clothing, and mobile plan setup fall in the first two weeks.
• Flight from India to Melbourne: INR 55,000 to INR 90,000 one way. Book by December 2026 to lock February 2027 fares; last-minute January bookings cross INR 1.20 Lakhs.
• Bank wire transfer charges: INR 1,500 to INR 3,000 per transfer plus 1.8 to 2.5% forex markup. A single AUD 15,000 (INR 8.58 Lakhs) deposit transfer costs INR 15,000 to INR 22,000 in combined fees on a standard bank wire.
• Overseas Emergency Assistance and phone activation: INR 8,000 to INR 12,000. Often forgotten until arrival at Tullamarine airport.

Budget approximately INR 4 Lakhs to INR 5 Lakhs for first-year hidden costs beyond published tuition and living figures.

Monash University Fee Saving Strategies for Indian Students

The most urgent lever for the February 2027 intake is scholarship stacking, because the Monash Merit is auto-assessed and Inlaks closes on 12 March 2027; every week you delay compresses the two-step sequence. Beyond that, four operational choices materially compress total cost.

• Full-year tuition prepayment discount: Paying the annual tuition in a single tranche before the census date earns a 3% discount, saving roughly AUD 1,400 (INR 80,000) per year on a Bachelor of Business.
• Shared accommodation near Clayton, Notting Hill, or Oakleigh: Sharing a 2-bedroom apartment with one other student cuts monthly rent from AUD 2,000 to AUD 1,200 (INR 1.14 Lakhs to INR 68,640), a saving of AUD 9,600 (INR 5.49 Lakhs) per year over on-campus residences. For more details, visit student accommodation in Australia. 
• Section 80E tax deduction on your education loan interest: Available for up to 8 years from repayment start, no cap on the deductible interest amount; on an INR 40 Lakh loan this can return INR 1.20 Lakhs to INR 1.50 Lakhs per year to the loan-payer at the 30% slab.
• Part-time work: up to 48 hours per fortnight during term. At the current Australian minimum wage of AUD 24.10 (INR 1,379) per hour, a student working 30 hours a fortnight earns AUD 700 (INR 40,040) per fortnight, roughly INR 8.60 Lakhs per year, which covers 50 to 60% of living costs.
• Post-Study Work Visa (Subclass 485, Post-Higher Education Work stream): Grants 2 to 3 years of full-time work rights after a Master’s from Monash, which lets Indian graduates recover the tuition loan through Melbourne salaries typically ranging AUD 65,000 to AUD 95,000 (INR 37.18 to INR 54.34 Lakhs) per year in tech, business analytics, and public health.