Costs and funding opportunities
Costs of Studying Overseas
Planning your finances is an important part of preparing for your international experience.
You will need to pay for all living expenses, such as accommodation, travel and food. Living costs vary according to your destination so its important to prepare a budget. Be sure to check costs and inclusions for the program you are applying for in order to begin your budget.
How will I afford to travel overseas?
There are lots of ways to fund your overseas experience with Deakin. Some programs may have one or more funding opportunities attached. Below is a description of a number of possible funding sources to help get you on an international program.
New Colombo Plan & Travel Grants 2018/19 - Available now!
|Short Term Partner Program - Trimester 3 2018||Country||Funding|
|Aarhus University||Denmark||30 x $1,000 Travel Grants|
|Audencia Business School||France & Belgium||10 x $1,000 Travel Grants|
|SRH Heidelberg November||Germany||10 x $1,000 Travel Grants|
|SRH Heidelberg January||Germany||10 x $1,000 Travel Grants|
|University of Stuttgart||Germany||5 x $1,000 Travel Grants|
|WHU – Otto Beisheim School of Management||Germany||20 x $1,000 Travel Grants|
|Essca Budapest||Hungary||10 x $1,000 Travel Grants|
|Universita Cattolica del Sacro Cuore||Italy||10 x $1,000 Travel Grants|
|Sophia University||Japan||10 x $1,000 Travel Grants|
|Hanyang Session 1||South Korea||10 x $2,000 NCP grants|
|Hanyang Session 2||South Korea||10 x $2,000 NCP grants|
|Yonsei University - Session 1||South Korea||18 x $3,000 NCP grants|
|Yonsei University - Session 2||South Korea||19 x $3,000 NCP grants|
|Stockholm University||Sweden||11 x $1,000 Travel Grants|
|The University of Edinburgh||UK||10 x $1,000 Travel Grants|
|Trimester Long Programs - T2, 2019||Country||Funding|
|McMaster University||Canada||4 x $5,000 Travel Grants|
|University of Guelph||Canada||2 x $5,000 Travel Grants|
|Universidad de los Andes||Chile||2 x $5,000 Travel Grants|
|Universidad del Desarrollo||Chile||2 x $5,000 Travel Grants|
|Aarhus Busniess School||Denmark||3 x $5,000 Travel Grants|
|KEDGE Business School||France||2 x $5,000 Travel Grants|
|Brandenburg University of Technology||Germany||2 x $5,000 Travel Grants|
|Hong Kong Baptist University (Business ONLY)||Hong Kong||3 x $8,000 NCP Grants|
|University of Hong Kong||Hong Kong||4 x $8,000 NCP Grants|
|Centre for Environmental Planning and|
Technology University CEPT
|India||3 x $8,000 NCP Grants|
|Musashi University||Japan||2 x $8,000 NCP Grants|
|Sophia University||Japan||5 x $8,000 NCP Grants|
|Taylor's University||Malaysia||2 x $8,000 NCP Grants|
|CETYS Universidad||Mexico||2 x $5,000 Travel Grants|
|Universidad San Ignacio De Loyola||Peru||2 x $5,000 Travel Grants|
|Nanyang Technological University||Singapore||4 x $8,000 NCP Grants|
|Ewha Women's University||South Korea||4 x $8,000 NCP Grants|
|Hanyang University||South Korea||4 x $8,000 NCP Grants|
|Yonsei University||South Korea||5 x $8,000 NCP Grants|
|Lund University||Sweden||3 x $5,000 Travel Grants|
|National Taiwan University||Taiwan||4 x $8,000 NCP Grants|
|Mahidol University||Thailand||2 x $8,000 NCP Grants|
|University of Exeter||UK||2 x $5,000 Travel Grants|
|University of Liverpool||UK||1 x $5,000 Travel Grants|
|Bowling Green State University||USA||2 x $5,000 Travel Grants|
|California State University - Long Beach||USA||5 x $5,000 Travel Grants|
|Humboldt State University||USA||3 x $5,000 Travel Grants|
|San Francisco State University||USA||3 x $5,000 Travel Grants|
|FPT University||Vietnam||5 x $8,000 NCP Grants|
The New Colombo Plan is a signature initiative of the Australian Government that involves a scholarship program for study of up to one year and internships or mentorships, and a flexible mobility grants program for both short and longer-term study, internships, mentorships, practicums and research within the Indo-Pacific region.
Eligible destinations for Deakin students include Japan, Malaysia, Nepal, Papua New Guinea, China, Sri Lanka, Cambodia, Indonesia, Taiwan, India, Korea, Thailand and Hong Kong.
Please visit our Host Universities page or your program page for current information about funding opportunities. Please note information is updated before each exchange cycle.
Also note, aside from the New Colombo Plan Mobility Program grants, there are prestigious New Colombo Plan Scholarships available for students. If you are interested in learning more about the Scholarships, please contact us.
A limited number of travel grants may be available for select Deakin Abroad programs. Check the program you are interested in for further details on any applicable travel grants.
Students who receive a Government scholarship will not receive additional Deakin travel grants but may apply for an OS Help loan.
The Commonwealth Government offers OS-HELP loans of up to $6,665 (2018 value) or $7,998 (2018 value) for Asian destinations to students who are based in Australia and about to undertake some of their study overseas on a credit bearing program. Students may also be eligible for an additional $1,065 when undertaking Asian language study in preparation for study in Asia. This loan is paid into the student's nominated bank account by Deakin to cover costs such as airfares, accommodation or program fees.
Students wishing to apply for the loan must meet the following criteria:
- be an Australian citizen or the holder of a permanent humanitarian visa
- be enrolled in an undergraduate or postgraduate course of study at Deakin University in a Commonwealth supported place (eligible for HECS-HELP)
- have already successfully completed at least 8 credit points (1 EFTSL) in the same course of study as the one in which the overseas study is being undertaken
- have at least 1 credit point (0.125 EFTSL) of study remaining to complete on your course after your overseas study is finished
Students can receive a maximum of two OS-HELP loans over their lifetime. The loans must, however, be applied for at least six months apart. Visit the Australian Government website for more information on conditions of the loan, or find out how to apply for an OS-Help loan on the Deakin website.
Australian government subsidies may be offered to students who go to selected universities for a trimester or year long exchange. Destinations and the number of available subsidies change from year to year.
Only students who are Australian citizens or who hold Australian Permanent Resident status are eligible to receive Australian government subsidy. All eligible Exchange students applying to one of the universities with available scholarships are considered for a subsidy. The subsidies are allocated based on academic merit. Check the program you are interested in for further details on any applicable scholarships.
Some universities or countries offer scholarships and grants to visiting students. Check the program you are interested in for further details on any applicable scholarships.
Deakin students who undertake Work Integrated Learning (WIL) programs such as Internships, Industry-Based Learning, Practicum Placement, Professional Practice, Law Clinic or Community Based Volunteering for credit toward their degree may be eligible for bursaries to support their experiences. Further information and application forms can be found on the DUPP WIL
If you are eligible for Austudy or Youth Allowance, and are attending an Exchange program for a Trimester your payments will continue while you are overseas. Those who undertake a study abroad program for a trimester are not eligible for Centrelink payments to continue. if you are doing a Short Term program, so long as you have a full time study load for the year your payments will continue while you are overseas. Once you are accepted to the Exchange program, you should make an appointment with Centrelink to discuss your plans. Global Student Mobility, on request, provide you with a letter to present to Centrelink.
Please visit Centrelink for more information.
It may be possible to work part-time while you are studying abroad. We strongly recommend that you don't rely on finding work to support yourself and instead consider income from part-time work as an extra bonus.
Many countries have strict limitations on work entitlements for visiting students. You may have to apply for a work visa and pay an application fee before you are allowed to work. Contact your host country's embassy or consulate for further information on work entitlements.
Personal costs to consider include:
visa application and processing fees passport application fees return airfare to your host country domestic travel within the host country accommodation immunisations and medications text books
Some international programs attract an application fee. These fees are to be paid when your application is submitted in order for your application to proceed.
- Study Abroad and Exchange - $110.00 - This fee is non-refundable.
- Short Term Programs - $55.00 - Deakin will provide a full refund for this fee if your application is unsuccessful or you need to withdraw from a program due to circumstances beyond your control.
Different programs have different tuition costs. Trimester Abroad and Faculty-led Study Programs are run by Deakin or with partner institutions so tuition costs are included in your regular semester fees to Deakin.
Short Term Partner Programs may or may not be offered at Deakin partner universities and therefore tuition may or may not be included in the program fee charged to you. Short Term Partner Programs that have tuition fees charged by the host institution are listed as "Study Abroad" within the Program search.
If your international experience is not for credit, such as Volunteering or Placements, you will not be required to pay tuition fees.
Some Faculty-led Study Programs and Volunteer costs will be packaged to include flights, accommodation, excursions and some meals. Please refer to individual program brochures for details.