Fees & Scholarships

Scholarships

The Excellence in Leadership Scholarship promotes academic excellence at the executive leadership level of education.


The Alumni Scholarship for Excellence in Not-For-Profit Leadership is intended to promote academic excellence at the executive leadership level of education within the Not For Profit sector.

  • Download the Conditions of Award for the Alumni Scholarship for Excellence in Not-For-Profit Leadership.

CPA Australia Global Executive MBA Scholarship is intended to promote academic excellence at the executive leadership level of education in the CPA membership.

CPA Australia

The University of Sydney is offering CPAs and FCPAs an opportunity to apply for the CPA Australia Global Executive MBA Scholarship. All applicants must indicate their respective CPA membership number in the application to be eligible. Add to your existing qualifications with this highly sought-after academic achievement.


Only for University of Sydney staff: Professional Leadership Development Scholarship

The Scholarship is open to University of Sydney employees in senior Professional or Academic leadership roles who meet the selection criteria for the program.

One scholarship is available and will cover all program fees ($AUD90,000). Applicants must secure full release for attendance on all residential modules, and cover their own return airfares to and from each host city as well as residential costs (accommodation, meals and group transport) as organised by the University.

Applicants are required to complete the online application form, submit a one-page statement of motivation, a curriculum vitae and a copy of their academic transcript. All applications will be assessed by a scholarship assessment committee approved by the Provost. This committee will shortlist a maximum of 3 applicants who will then be required to attend an interview with the Global Executive MBA selection committee to confirm their eligibility for the program. Scholarship selection criteria include leadership experience and potential, problem-solving acuity, ability to work in a diverse group and international orientation. Further information on the program can be obtained from the EMBA Program Coordinator, via: business.globalemba@sydney.edu.au.


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Fee Structure

The fees for the program in 2015 are made up of six units of study. Each unit of study's fees are AU$15,000, which includes ALL tuition and materials during the classes.

The payment schedule for the February 2015 intake is:

  • 1st instalment: 2 x units of study (2 x AU$15,000) due by 31 January 2015
  • 2nd instalment: 2 x units of study (2 x AU$15,000) due by 31 August 2015
  • 3rd instalment: 2 x units of study (fees TBC) due by 31 January 2016

In addition:

  • Participants are billed at cost approximately four weeks prior to the commencement of each module, for accommodation, meals and group ground transportation
  • Participants are required to organise and pay for their return airfare to the host city of each module.

For budgeting purposes the current estimate for accommodation, meal and group ground transport costs is approximately AU$20,000 over the duration of the 18 month degree. Please note this figure is indicative and subject to change due to variables such as fluctuating currency exchange rates and supplier/service provider changes.

A non-refundable deposit of AU$2,000 is required to be paid upon acceptance of the offer. This AU$2,000 is subtracted from the accommodation, meal and group ground transportation costs billed approximately four weeks prior to the first module EMBA6002: Leadership, commencing February.

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Payment Options

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

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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 to The University of Sydney in three instalments as detailed above under Fee Structure
  • Accommodation, meals and group ground transportation costs in the host city of each module
  • Return airfares for the participant to the host city of each module.

The Executive MBA Program Director may work together with a sponsoring organisation to identify promising executives who best suit this accelerated leadership program.

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Option 2 - Self-funding

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

  • Tuition fees to The University of Sydney in three instalments as detailed above under Fee Structure
  • Accommodation, meals and group ground transportation costs in the host city of each
  • Return airfares for the participant to the host city of each module.

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.

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Option 3 - FEE-HELP

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

  • Tuition fees to The University of Sydney in three instalments as detailed above under Fee Structure up to the FEE-HELP limit (see "How much can I borrow" below). 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.

FEE-HELP will NOT cover the following costs:

  • Accommodation, meals and group ground transportation costs in the host city of each module
  • Return airfares for the participant to the host city of each module.

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.

"Eligible students can borrow up to the FEE HELP limit to pay their tuition fees.

For 2013, the FEE HELP limit is $93,204 for all degrees, not including medicine, dentistry and veterinary science courses (as defined in the Higher Education Support Act 2003).

Note that the higher FEE HELP limit only applies to courses that lead to initial registration to practise in those fields. The lower limit will apply to any further study you undertake once you have gained the requisite level for initial registration.

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 is adjusted each year. For the 2012-13 income year, the compulsory repayment threshold is $49,095.

Repayment income is calculated from the amounts given on your income tax return for:

  • your taxable income;
  • reportable fringe benefits (reported on your payment summary);
  • total net investment loss (which includes net rental loss);
  • reportable super contributions; and
  • exempt foreign employment income amounts."
Is interest charged on debt?

The following excerpt is taken from the Australian Government Study Assist website.

"No. You are not charged interest on your debt. Your accumulated HELP debt is indexed annually 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 CPI). The indexation figure is calculated each year after the March CPI is released.

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 Executive MBA degree commencing in February 2013.

Joan has never claimed FEE-HELP for any previous studies and thus is eligible to borrow the full amount of $90,000. 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 ($90,000 and above). This means she'll have a repayment rate of 8% of her income. 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.

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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.

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