Money matters

The cost of studying overseas will depend on your destination, length of stay and lifestyle. Explore the options below to find out how to make your overseas study experience more affordable.

 

Your institution

Staff at your institution can tell you about the many Australian Government grants and scholarships available for overseas study, as well as any scholarships and other support that may be available from your institution.

Most institutions have a dedicated student mobility office, and individual faculties often have overseas studies programs as well, so speak to staff to find out more!

Scholarships

Scholarships for study overseas are available from many different sources. In this section you will find Australian Government scholarships such as the New Colombo Plan and links to other websites and databases to get you started on finding the right support for you.

The New Colombo Plan

The New Colombo Plan is a signature initiative of the Australian Government. The program will provide significant new opportunities for undergraduate study and internships in the Indo Pacific region. Stay in touch with your university about the scholarships and grants opportunities under the New Colombo Plan starting from 2014.

Endeavour Scholarships and Fellowships

The Endeavour Scholarships and Fellowships is an internationally competitive program for Australians to undertake study, research and professional development abroad and citizens from eligible countries to do the same in Australia. 

Other sources

Scholarships and awards are sometimes offered by destination countries, host institutions or other organisations to support Australian students. The Endeavour Scholarships and Fellowships website has a list of some of these opportunties.

Grants

The New Colombo Plan

The New Colombo Plan is a signature initiative of the Australian Government. The program will provide significant new opportunities for undergraduate study and internships in the Indo Pacific region. Stay in touch with your university about the scholarship and grant opportunities under the New Colombo Plan.

Endeavour Mobility Grants

The Australian Government provides funding to higher education and VET institutions for undergraduate and postgraduate students to have a study experience across the world. Students participating in an exchange or student mobility project can undertake a variety of study options including practicums, clinical placements, research trips and volunteer projects for up to 6 months as well as semester-based exchange for one or two semesters.
 
Grants are provided by institutions to students at a rate of $2000 and $5000 and are intended to offset some of the costs associated with studying overseas. Contact the student mobility office at your institution to find out if you are eligible.

 

OS HELP loans

OS-HELP

OS-HELP is a loan available to Australian undergraduate students who want to do part of their study overseas.

Many of the eligibility requirements for OS-HELP will be changing from January 2014. For example, postgraduate students will be eligible to access OS-HELP loans from this date.

Make sure you read up about these changes to find out how they may affect you.

Centrelink payments

Centrelink payments

You can still receive many Centrelink payments while you are studying overseas, depending on the circumstances of your study. Visit Centrelink for more information about your payment while studying overseas.

Major costs to consider when working out a budget include: