Get the low down on tuition fees, budgeting, funding and more...
Having a global experience is without a doubt life-changing, but we understand that the financial element can be overwhelming. This page helps to break down the costs involved and outlines what funding options you may have. Most students fund their global experience through a combination of scholarships, StudyLink and personal savings.
Global Experience Costs
Costs to consider for your exchange or internships
Exchange Tuition
Exchange tuition fees are the same as your standard Waikato tuition fees as shown in the table below.
When you go on exchange for at least one trimester, you will be enrolled as a University of Waikato student. This means you will pay tuition fees here, not at the host university. However, you’ll be responsible for other costs including airfares, overseas living costs, accommodation, and course materials.
Undergraduate Exchange Fees:
| Domestic Students | International Students | ||
|---|---|---|---|
| One trimester | $4,031.00 | One trimester | $17,090.00 |
| Two trimesters | $8,062.00 | Two trimesters | $34,180.00 |
*Costs are based on 2022 tuition fees and are subject to change.
Postgraduate Exchange Fees:
| Domestic Students | International Students | ||
|---|---|---|---|
| One trimester | $4,642.00 | One trimester | TBC |
| Two trimesters | $9,284.00 | Two trimesters | TBC |
*Costs are based on 2022 tuition fees and are subject to change.
Internships
When you go an internship, instead of paying tuition fees, you pay a programme fee directly to the internship provider. This fee will vary depending on location, program type and program length. To help give you an indication of how much an internship may cost check out the price overviews for our internship providers on our Global Internships page.
Budgeting for your global experience
An overview of what to consider when budgeting for your global experience
Exchange
The cost of an exchange programme will vary based on destination, accommodation, visa requirements, and insurance. If you plan to do a lot of extra travel, you will need to factor this into your budget as well.
Currently, we estimate that $12,000 - $15,000 NZD will be enough to finance an exchange over one trimester. This estimate does vary from country to country though, so for a more detailed estimate please contact us. This estimate includes accommodation, flights, visa and spending money. It does not account for any financial support you could receive through StudyLink or scholarships/awards, so the amount could be much less.
The biggest financial factor of an exchange is the accommodation, so make sure you have a look at the accommodation information on our programme pages to get the best estimate for what this amount would be. You can also look at hypothetical flights to get that estimate, and then it is a case of working on how much you will need to live week-to-week. We can help with this; there are many university-specific resources available for budgeting.
Internships
If you are going on an internship, your costs will differ from an exchange. This is due to providers often including accommodation in their programme fee. However, your flights will always need to be added on top. For a more detailed indication of what to budget for, check out our Global Internships page.
StudyLink
Learn more about how StudyLink can support you while overseas
Did you know that if you are currently eligible for student loan and/or student allowance support, you could still be eligible for these while on your exchange? This means your student loan would cover your fixed exchange fee and you would receive your student allowance or living costs for the duration of your exchange. And all still interest-free! Want to know more? Email our team at [email protected]
Eligibility for allowances and loans is based on the duration and total EFTS of your programme (i.e. full-time status).
While our global internships are non-credit bearing, if you are able to arrange credit through your division, you could also be eligible for student loan and/or student allowance support while on your programme.
Scholarships and Awards
There are a number of scholarships and awards that can help fund your experience
Faculty Scholarships
There are several Faculty-specific scholarships available for you to apply for as part of your Global Experience application. Make sure you read through the Eligibility and Regulations for each scholarship.
Applying for faculty scholarships is done at the same time as your Global Experience application, through your MyWaikato portal. Make sure you meet the eligibility criteria and then ensure you get your scholarship application in at the same time you get your Global Experience application in.
Waikato OE Travel Award
The Waikato OE Travel Award is an initiative to help you with travel costs. While your tuition for exchange remains the same, we know the cost of an international flight can be expensive. The amounts range from $1000 - $2000 and are awarded to accepted students to help offset the cost of travel to your study destination. No extra application is required - students will be awarded based on the cost of their programme and considering any other scholarships awarded. Conditions apply.
Prime Minister's Scholarships
There are a number of international opportunities across the year that are partially or fully funded through Prime Minister’s Scholarships. These are outbound scholarships funded by the New Zealand Government and administered by Education New Zealand Manapou ki te Ao. They support undergraduate or postgraduate students wanting to undertake a group or individual experience in Asia or Latin America. This means you could use the Prime Minister's Scholarship to fund your global experience!
There is only one application round for these scholarship annually. The application deadline is late August. Please check the website linked above for the confirmed application deadline for this year.
The travel window for these scholarships is 20 months after you have had confirmation you have been successful. This means if you plan to go on an exchange over A or B trimester, you should ideally be applying for a Prime Minister's Scholarship the August of the year before. E.g. You should apply in 2023 if you plan to go on an exchange over A or B trimester in 2024. You can read more about what is required in the application here.
For more information on these scholarships, the application process and how it can be applied to your Global Experience, please email us at [email protected].
Golden Key Scholarships
If you are a Golden Key member you may be eligible for one of the Golden Key Scholarships.