Fees & Scholarships
Fee Structure
The fees for the program in 2012 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 2012 intake is:
- 1st instalment: 2 x units of study (2 x AU$15,000) due by 31 January 2012
- 2nd instalment: 2 x units of study (2 x AU$15,000) due by 31 August 2012
- 3rd instalment: 2 x units of study (2 x AU$15,000) due by 31 January 2013
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$21,000 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 12 February 2012.
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 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 Global Executive MBA Program Director may work together with a sponsoring organisation to identify promising executives who best suit this accelerated leadership program.
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.
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 relevant Australian Government website: www.goingtouni.gov.au.
How much can I borrow?
The following excerpt is taken from the 2011 FEE-HELP Information Booklet which can be accessed at www.goingtouni.gov.au
“Eligible people may borrow up to the FEE-HELP limit to pay tuition fees over their lifetime. From 1 January 2011, the FEE-HELP limit will be $86,422 … The FEE-HELP limit is indexed on 1 January each year.
As a person uses FEE-HELP to pay tuition fees, the amount they may borrow in future is reduced. Once a person has borrowed an amount equal to the FEE-HELP limit (the indexed amount at that time), they will not be able to receive FEE-HELP to pay tuition fees. This applies even if a person has partially or fully repaid their FEE-HELP loan.”
When do I start repaying my debt?
The following excerpt is taken from the 2011 FEE-HELP Information Booklet which can be accessed www.goingtouni.gov.au
“You start repaying your accumulated HELP debt when your repayment income is above the minimum repayment threshold for compulsory repayment … The minimum repayment threshold for the 2010-11 income year is $44,911.
Your compulsory repayments increases as your repayment income increases … Compulsory repayments continue until you have repaid your debt.”
Is interest charged on debt?
The following excerpt is taken from the 2011 FEE-HELP Information Booklet which can be accessed www.goingtouni.gov.au
“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.”
Case study
Joan has been offered and has accepted a place in The University of Sydney Executive MBA degree commencing in February 2012.
Joan has never claimed FEE-HELP for any previous studies and thus is eligible to borrow the full amount of $84,240. 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 ($83,408 and above). This means she’ll have a repayment rate of 8% of his income. Click here 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 www.goingtouni.gov.au).
Important note
It is imperative that participants consult www.goingtouni.gov.au 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 www.goingtouni.gov.au.
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.
Scholarships
The Excellence in Leadership Scholarship promotes academic excellence at the executive leadership level of education.
- Download the Conditions of Award
for the Excellence in Leadership Scholarship.
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.