Costs and budgeting

Planning your finances is an important part of preparing for your global experience. You'll need to pay for all living expenses, such as accommodation, travel and food. Living costs vary according to your destination and length of your global experience, so it’s important to prepare a budget. Be sure to check costs and inclusions for the program you're applying for in order to plan your budget.

Can I get financial assistance?

RMIT has a range of funding options for students, from $1000 Global Experience grants to scholarships worth up to $10,000. You may qualify for one funding opportunity per global experience, and are considered for all possible options, but please be aware that due to quotas and eligibility, we cannot guarantee that you will be eligible for financial assistance. See below for details and the application process for each funding option.

Global Experience grants

There is no application form for Global Experience grants. 

If there is funding available and you are eligible you will be contacted by Global Experiences with an offer.

Grant amount

Global Experience grants are worth a maximum of $1000 per student.

Eligibility for Global Experience Grants

Eligible students are primarily defined as students who are not eligible for any other form of Global Experience funding (including OS HELP.) This includes international students, postgraduate students who are not in CSP /HECS-HELP places and vocational education students. Global Experience grants are not guaranteed due to limited funding.

For short-term global experiences like study tours, the program leader will apply on the group or tour’s behalf. If your program has funding available, it will be outlined in the program description on Mobi.

Before you accept a grant or scholarship: View RMIT Funding Terms and Conditions

New Colombo Plan mobility grants and scholarships

The New Colombo Plan (NCP) is an initiative of the Australian government which aims to increase knowledge of the Indo-Pacific in Australia by supporting Australian students to participate in semester-based or short-term study, internships, mentorships, practicums and research in 40 host locations across the Indo-Pacific region.

There are two separate NCP funding streams: Mobility Grants and Scholarships.

Before you accept a grant or scholarship: View RMIT Funding Terms and Conditions

Westpac Asian Exchange Scholarship

What is the Westpac Asian Exchange Scholarship?

The Westpac Asian Exchange Scholarship, valued at $12,250 each, offers Australian students an international experience to help develop their cross-cultural thinking and leadership skills, as well as access to networking opportunities with Australia-Asia thought leaders. Approximately 35 scholarships are awarded annually to undergraduates from 14 partner universities to undertake a university-approved exchange program in Asia for one to two semesters. Current exchange locations include mainland China, Hong Kong, Singapore, Japan, South Korea and Taiwan (pending no travel restrictions).

The scholarship is designed to forge meaningful relationships between the next generation of Australian and Asian leaders.


To be eligible for this scholarship you must:

  • Be an Australian citizen or permanent resident
  • Have a minimum of a credit average
  • Be enrolled full-time in an undergraduate degree at a RMIT campus in Australia
  • Be completing at least your second when commencing your exchange, be applying for the RMIT Exchange Program via RMIT Global Experiences
  • Not be receiving any other RMIT scholarship or financial support apart from an OS-HELP loan
  • Be eligible for up to two semesters at an RMIT exchange partner institution in one of the above-mentioned countries

Applications for 2022 Asian Exchange Scholarships open 13 September 2021 and closes on 29 November 2021 (5:00pm AEDT).

OS- HELP loans

Overseas Student HELP loans (OS-HELP) are provided by the Commonwealth government to eligible HECS-HELP students undertaking various international experiences for credit. This loan is added to your HECS-HELP debt.

Youth Allowance and Austudy

If you are currently receiving Youth Allowance or Austudy you may be able to continue to receive payments while studying overseas. If you undertake a short-term or semester-based program and are studying the equivalent of a full-time load while overseas, you should make an appointment with Centrelink to discuss your plans.

The Global Experience team will be able to support your discussion with Centrelink by providing you with a Mobility Confirmation letter. Please contact your Global Experience Advisor for more information.

Find out more about continuing your Centrelink support while overseas:

Equity travel grants

Equity travel grants are financial assistance for Australian students on a global experience who can demonstrate financial and educational disadvantage.

The grant provides up to $4000, depending on your program and destination.

Philanthropic grants and scholarships

RMIT is fortunate to maintain relationships with a range of generous philanthropic donors who are committed to supporting RMIT students to participate global experiences. Please see below for philanthropic funding available.

Note: Australian citizenship is a requirement to be eligible for most philanthropic funding.

Before you accept a grant or scholarship: View RMIT Funding Terms and Conditions

Other funding opportunities

Please speak to your RMIT program coordinator to find out about any funding that may be available specific to your academic area.

There are also funding opportunities available through external providers, including but not limited to:

Nicolas Baudin Grants (France)  

Walter Mangold Language Scholarships

Mitacs Globalink Funding (Canada)