Other educational costs averaged HK$22,436
Hong Kong international students spend on average US$17,166 (HK$134,333) annually, whilst tuition fees were estimated at US$14,299 (HK$111,897). This makes Hong Kong the fifth costliest market to study abroad in, according to Wise, a global technology company specializing in money management.
Wise has 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.
Other educational costs included when studying in Hong Kong averaged US$2,867 (HK$22,436). Enduring all the expenses meant losing money worth US$381 (HK$2,982) or 2.22% – 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.
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According to the ranking, the United States is the most expensive place to study abroad, with international students paying nearly US$35,096 (HK$274,644) annually.
New Zealand is the second-most expensive destination, followed by Australia (3rd), Canada (4th), the United Kingdom (6th), and Singapore (7th).
Wise also found that international students in these top 10 expensive destinations collectively overpay approximately US$1.1m (HK$8.6m) annually in international money transfer fees.
(US$1.00 = HK$7.83)
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