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 are currently $15,625 per unit of study and the program comprises six units of study; four billed in 2017 and two billed in 2018. In addition to the tuition fees:

  • Participants are billed for accommodation, meals and group transportation. This is AU$25,000 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 Australia-based units of study

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

The payment schedule for 2017 intake is:

Date Payment Due Amount

Upon acceptance of your offer

Deposit

$2000

January 2017

EMBA6002 residential costs

$3000*

EMBA6002 tuition fees

$15,625

April 2017

EMBA6003 residential costs

$5,000

EMBA6003 tuition fees

$15,625

2 June 2017

Semester 1 Student Amenities Fee

$145

August 2017

EMBA6001 tuition fees

$15,625

September 2018

EMBA6004 residential costs

$5,000

EMBA6004 tuition fees

$15,625

2 November 2017

Semester 2 Student Amenities Fee

$145

December 2017

EMBA6005 residential costs

$5,000

EMBA6005 tuition fees

$15,625

May 2018

EMBA6006 residential costs

$5,000

EMBA6006 tuition fees

$15,625

June 2018

Semester 1 Student Amenities Fee

$145

* subject to the $2,000 deposit being received
tuition fees subject to change
student amenities fee subject to change for 2017 and 2018

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
  • Student amenities fee
  • Residential fees
  • Return airfares

Option 2 - Self-funding

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

  • Tuition fees
  • Student amenities fee
  • 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 Australian-based units of study
  • Student amenities fee (SA-HELP loan is available)

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 Australian Government Study Assist website:
For 2016, the FEE HELP limit is $99,389 for most students.
The FEE-HELP limit is a lifetime limit and is not reset or ‘topped up’ by any repayments that you make. The FEE-HELP limit is the total amount available to eligible students under both the FEE-HELP and VET FEE-HELP loan schemes. This means that any amount you borrow under either FEE-HELP or VET FEE-HELP will reduce your FEE-HELP balance until you have reached the FEE-HELP limit.

When do I start repaying my debt?

The following excerpt is taken from the Australian Government Study Assist website:
"You have to start repaying your HELP debt through the taxation system once your repayment income is above the compulsory repayment threshold, even if you are still studying. The compulsory repayment threshold for the 2015-2016 income year is $54,126 and the compulsory repayment threshold for the 2016-2017 income year is $54,869."

Is interest charged on debt?

The following excerpt is taken from the Australian Government Study Assist website:
There is no interest charged on HELP debts.
Your accumulated HELP debt is subject to indexation, which is applied on 1 June each year to maintain its real value by adjusting it in line with changes in the cost of living (as measured by the Consumer Price Index (CPI) figure released in March).
Debts are not indexed until they are 11 months old.

Case study

Joan has been offered and has accepted a place in The University of Sydney Global Executive MBA degree commencing in February 2017.
Joan has never claimed FEE-HELP for any previous studies and thus is eligible to borrow the full amount of $99,389. Note that this FEE-HELP limit is indexed on 1 January each year.
Joan's taxable income is $110,000 for the financial year, which is more than the upper threshold ($101,900 and 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 $110,000 x 8% = $8,800 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.