study

n the last few decades, lots of youth have migrated to foreign lands from Nepal for their study. An estimated 20,000 students leave the country annually to pursue their further education abroad and a huge sum of more than NRs 2000 million outflows for this purpose. United Kingdom (UK), United States of America (USA), Australia are the preferred destinations of Nepalese students. In recent days, Australia has been found as the top destination for them. Currently, Nepal stands in the 6th position in terms of number of foreign students studying in Australia. So, in this study we attempted to find the cost of living and studying in Australia by Nepalese students, source of funding and the role of Nepali banks in providing support to these students. As research participants, students residing in Australia for their higher study were selected through random sampling. A set of questionnaire was prepared by reviewing relevant literature survey. Fifty participants (randomly selected) were contacted through e-mail. Only 16 of them filled up the questionnaire completely and returned (response rate, 32%).