Payment

Payment

Administration fee

There is a non-refundable fee of $50 applies for all semester and short-term exchange programs. Information on how to make payment will be provided once you are offered a place on the program. It is non-refundable, and needs to be paid regardless of whether a student accepts or rejects their offer. The fee will be charged through your eStudent.

Students will be required, as normal, to check their eStudent for outstanding debt statements.

Some programs have logistics costs included. The logistics costs include different costs depending on the program, and can include:

  • accommodation
  • transport
  • some meals

See below for information on tuition fees and travel grants.

Tuition fees

Students do not pay tuition to their host university while on exchange. Instead all students participating in any exchange program (both semester long and short-term) will be enrolled into a corresponding load of study at Macquarie University. Enrolment at Macquarie attracts the same rate of tuition as normal units and students will pay or defer regular fees to Macquarie for this enrolment.

Travel costs

It is a requirement of the exchange program that all students must purchase their own travel insurance to cover them for the duration of their entire journey abroad.  

Students are required to purchase their own airfare. Other typical living expenses include:

  • souvenirs
  • entertainment
  • accommodation -- Will you be sharing a flat or living in a residential college? Are you going to a major city or a smaller town?
  • meals -- Will you be living in a residential college with a meal plan? Are you willing to cook for yourself? Do you like to eat out at restaurants a lot?
  • local transport -- Will you be living on campus? Will you have to commute to uni each day?
  • other living expenses including utilities -- Will you be sharing a flat with other students? Will utilities be included in the rent?
  • local travel and activities -- How much travelling to you plan to do?
  • entertainment expenses -- How often do you go out to bars, nightclubs, and concerts?
  • textbooks
  • any additional activities fees (i.e. science lab costs, class field trips)

The cost of living varies tremendously across different countries and cities. Your lifestyle will also have an impact on your costs.

Funding

The Australian Government is committed to providing support for more Australian students to study overseas as part of their Australian qualification.

The following programs are available for students holding an Australian citizen or Australian permanent resident.

New Colombo Plan

The New Colombo Plan Scholarships program provides opportunities for Australian undergraduate students to undertake semester-based study and internships for mentorship in participating Indo-Pacific locations.

There are two streams of funding available:

Travel Grants

Macquarie Abroad provide Travel Grants to each successful applicant. The amounts awarded vary according to each program, and are subject to change. You can review the amount by searching for the relevant program here.

Please note that the award of these Travel Grants are conditional upon all exchange matters being finalised. Travel Grants and OS-HELP processing may take 4-8 weeks after you have submitted all the correct documents. Remember to be patient during this time and watch over your student email for any updates. Scholarships and OS-Help loans are not meant to cover all the costs of your program, you're expected to have your own funding in place before you go.

Students may be asked to repay the Travel Grant if they do not pass more than 65% of their units abroad.

Centrelink benefits

If you are currently receiving Youth Allowance, you will generally continue to be eligible whilst on exchange, however it is a good idea to check your status with Centrelink. Macquarie will write you a letter which states that you will be a full-time enrolled student whilst on exchange. These letters are automatically issued upon acceptance into the program, and can be taken to a Centrelink office to continue payment

OS-HELP

The OS-HELP loan is an Australian government initiative with the aim of assisting students while studying overseas. This is a loan and not a scholarship. The amount borrowed will be added to a Commonwealth Supported students' HECS debt and must be repaid to the government.

You are eligible to receive a maximum of two OS-Help loans, one per semester for a maximum of two semesters.

Travel Grants and OS-HELP processing may take 4-8 weeks after you have submitted all the correct documents. Remember to be patient during this time and watch over your student email for any updates. Scholarships and OS-Help loans are not meant to cover all the costs of your program, you're expected to have your own funding in place before you go.

Read more about OS-HELP loans at the Australian Government website.

Fees terms and conditions

  • All costs of participating in student exchange including but not limited to airfares, accommodation, visas, cultural activities and study materials are to be paid by the student
  • If the exchange program is cancelled or students do not complete they will be required to repay the travel grant. This repayment will be regarded as a debt to the University and sanctions may be placed on the students account until repayment has been made
  • If a student withdraws from any program after the final withdrawal date as indicated in official documents relating to that program, they will not be eligible for a refund of payments made and will also incur any other costs related to the program withdrawal whether imposed by Macquarie Exchange or the host institution
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