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Fees

Fee Structure

The University's tuition fees are reviewed annually and may be varied during the period of study. The fees for the program in 2015 are $15,000 per unit of study and the program comprises six units of study; four billed in 2015 and two billed in 2016. In addition to the tuition fees:

  • Participants are billed for accommodation, meals and group transportation. This is AU$20,000 over the duration of the 18 month program paid in five instalments
  • Participants are required to organise and pay for their return airfare to the host city of each overseas unit of study and for their return travel to the Sydney-based units of study

A AU$2,000 non-refundable deposit is required to be paid upon acceptance of your offer onto the program. The deposit is subtracted from the accommodation, meal and group ground transportation costs for the first unit of study EMBA6002: Leadership commencing February.

The payment schedule for 2015 intake is:

 

Amount

Final Due Date

EMBA Deposit

AU$2,000

Upon acceptance of your offer

EMBA6002 residential costs

AU$2,000*

1st February 2015

EMBA6002 Leadership tuition fees

AU$15,000

19th February 2015

Semester 1 Student Amenities Fee

Approx AU$150

31st March 2015

EMBA6003 Residential costs

AU$4,000

1st May 2015

EMBA6003 Integrated Management tuition fees

AU$15,000

19th May 2015

EMBA6001 Executive MBA Report tuition fees

AU$15,000

19th August 2015

Semester 2 Student Amenities Fee

Approx AU$150

19th August 2015

EMBA6004 Creating & Developing New Opportunities residential costs

AU$4,000

1st October 2015

EMBA6004 Creating & Developing New Opportunities tuition fees

AU$15,000

19th October 2015

EMBA6005 Managing Growth residential costs

AU$4,000

1st January 2016

EMBA6005 Managing Growth tuition fees

AU$15,000

19th January 2016

Semester 1 Student Amenities Fee

Approx AU$150

31st March 2016

EMBA 6006 Turning Around Mature Businesses residential costs

AU$4,000

1st June 2016

EMBA 6006 Turning Around Mature Businesses tuition fees

AU$15,000

19th June 2016

* subject to a AU$2,000 deposit being received

Payment Options

If offered a place in The University of Sydney Global Executive MBA program, there are several payment options available to participants.

Option 1 - Corporate Sponsorship

If an employer has chosen to sponsor a participant the organisation will be required to cover the cost of:

  • Tuition fees
  • Residential fees
  • Return airfares

Option 2 - Self-funding

Participants funding their own studies will be required to cover the cost of:

  • Tuition fees
  • Residential fees
  • Return airfares

Participants who pay using this option may be able to claim tuition fees and possible associated costs as a self-education tax deduction. To determine eligibility, participants should check with their accountant/financial adviser and consult the Australian Taxation Office website.


Option 3 - FEE-HELP

For eligible participants wishing to take advantage of FEE-HELP, the Australian Federal Government will cover:

  • Tuition fees
    Please note, there may be a gap between how much participants are able to borrow under FEE-HELP and the total tuition fees participants are required to pay (see 'How much can I borrow' below).

FEE-HELP will NOT cover the following costs:

  • Accommodation, meal and group transportation costs for each unit of study
  • Return airfares for each overseas unit of study and return travel to the Sydney-based units of study

FEE-HELP

FEE-HELP is a loan facility for eligible students (Australian citizens) who are enrolled in fee-paying, postgraduate coursework degrees.

FEE-HELP enables students to obtain a loan from the Commonwealth Government to pay all or part of their tuition fees.

Eligible students repay their loan through the taxation system once their income reaches the minimum threshold for compulsory repayment.

Please note, FEE-HELP is only available to Australian citizens. Permanent residents of Australia and international students are not eligible to participate in this scheme.

Further information on FEE-HELP is available at the Australian Government Study Assist website.

How much can I borrow?

The following excerpt is taken from the 2014 FEE-HELP Information Booklet which can be accessed via the Australian Government Study Assist website:

"The FEE-HELP limit is the maximum loan amount that you can borrow under FEE-HELP over your lifetime. The FEE-HELP limit is not reset or topped up by any repayments that you make. If you have reached the FEE-HELP limit (meaning the indexed amount for that year), you are no longer eligible to access a FEE-HELP loan... "

For 2014, the FEE HELP limit is $96,000 for most students. The limit is indexed on 1st January each year.

"Your FEE-HELP debt becomes part of your accumulated HELP debt. The minimum repayment threshold for compulsory repayment is adjusted each year. In the 2013-14 income year, you will be required to make a compulsory repayment if your income is $51,309 or above. Repayments made through the Australian taxation system are called compulsory repayments and continue until you have repaid your whole debt."

When do I start repaying my debt?

The following excerpt is taken from the 2014 FEE-HELP Information Booklet which can be accessed via the Australian Government Study Assist website

"Your FEE-HELP debt becomes part of your accumulated HELP debt. The minimum repayment threshold for compulsory repayment is adjusted each year. In the 2013-14 income year, you will be required to make a compulsory repayment if your income is $51,309 or above. Repayments made through the Australian taxation system are called compulsory repayments and continue until you have repaid your whole debt."

Is interest charged on debt?

The following excerpt is taken from the 2014 FEE-HELP Information Booklet which can be accessed on the Australian Government Study Assist website.

"No. There is no interest charged on FEE-HELP loans. However, your HELP debt at the ATO will be indexed on 1 June each year."

Case study

Joan has been offered and has accepted a place in The University of Sydney Executive MBA degree commencing in February 2015.

Joan has never claimed FEE-HELP for any previous studies and thus is eligible to borrow the full amount of $96,000. Note that this FEE-HELP limit is indexed on 1 January each year.

Joan's taxable income is $100,000 for the financial year, which is more than the upper threshold ($95, 288and above). This means she'll have a repayment rate of 8% of her income.

Go to the Study Assist - Loan Repayment website page to see the table of repayment rates for different income thresholds.

Therefore Joan's compulsory repayment is $100,000 x 8% = $8,000 over the next financial year. This repayment amount can be paid under pay as you go (PAYG) withholding or other means (see the Australian Government Study Assist website).

Important note

It is imperative that participants consult the Australian Government Study Assist website and review their personal circumstances before making any decisions regarding payment options and FEE-HELP. The above is a simple guide and does not take into account personal circumstances and other contributing factors which are detailed at the Australian Government Study Assist website.

Other Fee Information

Salary sacrifice

Participants may wish to speak with their employer or HR representatives to investigate whether salary sacrifice/salary packaging arrangements are available.