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Dollars and Sense

It’s natural to feel concerned about finances when preparing to travel, however there are a wide variety of grants, scholarships and financial help options available to students just like you. Often you will hardly pay for what might be the opportunity of a lifetime.

Financial support can come from the Australian Government, from your course provider or other organisations such as overseas Governments.

  • The Australian Government is committed to creating opportunities for you to study overseas through Endeavour Mobility Grants, as well as through the continued growth of OS-HELP.

    There are short-term and semester grants for undergraduate, postgraduate and vocational education and training students. Take a look and start planning your journey

  • These internationally competitive, merit-based scholarships provide a range of opportunities for Australian applicants to undertake study, research and professional development overseas.

    Through these programs, the Australian Government provides millions of dollars each year to help students experience study from the other side of the world.

    More information about Endeavour Scholarships and Fellowships can be found at the Department of Education and Training website.

  • The New Colombo Plan is a signature government initiative which provides significant new opportunities for undergraduate study and internships in the Asia Pacific region. The Government has announced $100 million of funding over 5 years, so make sure you stay in touch with your university about the scholarship and grant opportunities available.

  • If you are enrolled in a course of study with an approved Australian higher education provider you may be eligible for an OS-HELP loan, which allows you to borrow money from the Australian Government to complete part of your course overseas. OS‑HELP can be used for a range of expenses such as airfares, accommodation, and other travel or study expenses

    Like other HELP loans, you repay your loan once you are earning over the minimum threshold for repayments ($51,309 in 2013‑14).

    From 2015, you will be able to apply through your provider for a loan of up to $6,362 to study overseas for up to six months.

    If you’re interested in study in Asia, you can apply to borrow up to $7,635 ($1,273 more than other destinations), plus an additional $1,018 if you decide to take up an Asian language study to prepare you for your journey.

    You can find more information about OS-HELP, including information about eligibility, at the Government’s Study Assist website.

  • In addition to Government support, scholarships and OS-HELP, most educational providers like yours also offer their own scholarships or award scholarships from host institutions, foreign Governments or private organisations or businesses.

    Whether you’re eligible, and the value of each scholarship will depend on where you’re currently studying, but it’s worth looking into these options as well.

    Some grants and scholarships may be taken in combination with OS-HELP loans to ensure that you've got every expense of your big trip covered, while others may only cover tuition fees or provide a living allowance.

    Have a chat with your international office about the scholarships and grants on offer.

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