Cost Breakdown for Macquarie University

Semester (based on 19 weeks)

This is the estimated budget for this study abroad program. It serves as an estimated cost of attendance for your semester or year. Students often pay for study abroad through a combination of financial aid, personal funds, scholarships, grants, and alternative loans. The total amount listed as the Total Program Cost is the maximum amount of financial aid that can be awarded to you by GVSU. This total program cost does not reflect the amount of aid you will qualify for, rather, it serves as the cap on what can be awarded.

Cost Billed to GVSU

Item

Cost

Description

Program Fee**

$500-$1,100

Fee subject to adjustments based on actual exchange rates and the MU tuition rate and currency exchange rates at the time of billing.

Paid to Grand Valley State University Student Accounts by the regular tuition payment deadline.

GVSU Tuition (12-15 credits)

$6,309

Tuition based on 2017-2018 upper-level in-state tuition rates (12-15 credits). Out-of-state students will pay the out-of-state tuition rate.

Paid to Grand Valley State University Student Accounts by the regular tuition payment deadline.

IS 380 Course Fee

$324

Paid to GVSU. The IS 380 course fee is $27 per credit hour. Participants of this program will register for 12 credits of IS 380.


Additional Costs

Item

Cost

Description

Passport & Visa

$570

Passport fees: $135.

Visa fee is currently around $435 USD ($550 AUD).

Flight

$1,800 - $2,400

Paid to Airline Provider

Health insurance/ISIC

$300 paid to Macquarie University *Required OSHC

$28 ISIC card

The OSHC insurance coverage is required by MU and must be paid prior to departure (est. $376 AUD or $300 USD). The OSHC insurance will only cover students while they are in Australia. PIC recommends students have an additional insurance policy that provides coverage while traveling to and from Australia. The Basic ISIC card is $28 and meets the PIC health insurance requirement.

Housing

$5,500 USD per semester

Includes: utilities, fees, and deposits. Cost will vary based on housing selection. Cost estimate is based on rates at Macquarie Village.

Paid to housing provider once you arrive. Average budget for housing may include: $285 AUD per week, $186 AUD registration fee, 36 AUD application fee, $1140 AUD security deposit, departure cleaning fee $111 AUD. The fee above includes all utilities. Depending on the housing selected, students may have to budget separately for utilities. Based on 19 weeks.

Books and Supplies

$600

Student pays out-of-pocket

Food

$1,805

On-site personal expenses - Based on $95 USD per week. Food costs will vary based on a student's personal spending habits and preferences.

Personal Expenses

$1,710

On-site personal expenses including: local transportation, cell phone purchase, and basic necessities. Approx. $90 USD per week.


TOTAL PROGRAM COST

(Costs billed by GVSU + Additional Costs)

$19,446 - $20,646 *

 


Estimated cost for out-of-state students who do not receive the tuition differential scholarship: $22,581 

*Based on 2017-2018 in-state, upper-division tuition rate for 12-15 credits. If you complete more than 15 GVSU credits during your semester abroad, tuition charges for the additional credits above 15 will be billed to your GVSU student account after you return and PIC completes the transfer of credit.

**Program fee is based on the Macquarie University’s study abroad tuition fee for 2017. This fee is subject to change due to the fluctuation in the exchange rate and changes in MU tuition rates. The current rate of exchange is 1 AUD = .79 USD. Participants selected as an EXCHANGE student will not pay this fee.


Each year, GVSU students are selected to attend Macquarie University under the terms of our student exchange. Student exchanges work on a reciprocal basis, so the number of placements each year may vary depending on the number of MU students who come to GVSU. If there are more applicants than exchange placements, exchange students will be selected based on need. Those students who are selected to participate in the exchange will not be billed the program fee listed above equal to $500-$1,100). Participants will be nominated for the exchange after the Priority Deadline each semester.


***The cost of any study abroad program depends to a large extent on the participant’s personal spending habits and lifestyle. Personal travel, entertainment, gifts, souvenirs, and other types of personal spending are costs not reflected in the above estimates.

This budget is based on the currency exchange rate for August 7, 2017. The exchange rate does fluctuate which may result in changes to the estimates listed above. 1 AUD = .791 USD




Page last modified August 14, 2017