Study Abroad Cost
If you are accepted into an exchange program, you will be responsible for the following expenses:
- fees at home college
- visa (if required)
- accommodation and meals
- textbooks and course materials (if required)
- personal incidentals.
These costs will vary for each destination, and you will also need to consider your personal preferences for meals, for example, as this will also impact on your final budget.
Many partner colleges provide a guide to accommodation and living expenses on their websites. It is worthwhile doing some further research into living expenses, taking into account your own personal preference for lifestyle choices to customise a budget for yourself.
If you are receiving Austudy or Youth Allowance while studying in Australia, you may be eligible to continue to receive benefits while participating in a student exchange. You should confirm your eligibility with your closest Centrelink Office when considering an exchange option.
Box Hill Institute has scholarship funding available to assist with expenses associated with a number of the student exchange opportunities each year. This funding does not cover all costs of the exchange, but goes a long way to helping to make ends meet. In the past this has included return economy airfares and travel insurance – check with the Study Abroad office to see what help is currently available.
Remember to be realistic about your living costs. An exchange may seem expensive because you are required to pay for a number of expenses prior to departure. You may actually find that the living costs overseas are in fact similar to what you are paying to study and live in Melbourne, with additional travel costs.
When you are participating in a semester student exchange, you are required to pay your enrolment at your home college rather than to cover fees at the host college. For Box Hill Institute students this often means that you are paying less than if you were required to cover the fee set by the international college.
Don’t forget about exchange rates when estimating costs involved with an exchange program. The Universal Currency Converter will convert Australian Dollars into relevant foreign currency. Remember that currency exchange rates can move up or down, on a daily, weekly and monthly basis.