Costs and funding
With the partner university exchange agreements in place, you pay your tuition fees in Malaysian Ringgit (MYR) to Monash University Malaysia. You do not need to pay tuition fees to the host university where you pursuing your exchange semester.
Please note that different tuition fee arrangement may apply to Short Term Programs.
If you plan to study overseas with a university that is not a Monash partner, you’ll pay fees directly to that university, in place of your Monash fees.
Living and travel costs are your responsibility
Living costs vary from one country to another and is dependent on your lifestyle and the duration of your stay.
Ensure that you have sufficient funds to pay for the necessities such as a return flight tickets, travel insurance, visa fees, food, accommodation, transportation, utilities, entertainment and study materials. Some host universities may require you to pay for orientation activities and compulsory field trips as well.
The exchange application includes a budget worksheet, which you should take seriously when completing. To make sure your experience is everything you want it to be, think about the exchange rate in your host country, how much living costs are and make a plan to save money right up until you depart.
Funding for Outbound Students
Funding your trip could be easier than you think
Travel Grants
Travel grants are made available to all approved Monash Malaysia students (including international students) going on a Monash Abroad approved program – International Exchange program to partner universities or short-term programs.
There are no travel grants available for students participating in the Global Intercampus Program at Monash University Australia.
The travel grants will be credited to your Monash account approximately two to four weeks before your overseas study program commences.
Please note:
- Approval and the final decision will be made by Monash Abroad when assessing your eligibility to receive the Monash Abroad Travel Grants.
- If you exchange to the same host university for two consecutive semesters, you will receive one travel grant for your entire time abroad.
- You may not be eligible for funding if you are receiving any scholarships or financial assistance from an external organisation for any overseas study-related expenses (travel, visa, accommodation, living allowance etc). Please check with your sponsor in advance.
- You are not eligible for funding if you are applying for the Independent Study Abroad program to a non-partner university.
- The Travel Grant is awarded to you subject to the condition that you participate fully and complete the program. Should you terminate your program prematurely without good cause, the Travel Grant will be revoked.
Travel Scholarship
Ng Kong Lin Family Intercampus Scholarship
- The Ng Kong Lin Family Intercampus Scholarship will enable academically bright but financially disadvantaged students from Monash Malaysia to undertake a one-semester exchange to Monash Australia on the Global Intercampus Program.
- This is to give them an opportunity to embrace the international experience, moving them towards accepting and understanding an array of different cultural and community perspectives that would eventually help them in becoming global citizens.
External sources of funding
Monash University Malaysia students may be eligible for alternative sources of funding to participate in international exchange programs.
Canada-ASEAN Scholarships and Educational Exchanges for Development (SEED) – for students
- The Canada-ASEAN Scholarships and Educational Exchanges for Development (SEED) program aims to reduce poverty in the developing countries of ASEAN and to achieve the 2030 Agenda for Sustainable Development. Scholarships and educational exchanges will contribute towards the achievement of all Sustainable Development Goals (SDGs).
- During your application for the international exchange program, you must make known your intention to be considered for this scholarship.
Partner university funding for exchange students
- Some partner universities may provide funding for incoming exchange students. Please be sure to research if you meet the eligibility criteria for this funding.
Travel Insurance
Monash University Malaysia now arranges all travel insurance for its students on overseas programs. The University has adopted this arrangement to ensure that all its students will have access to suitable travel insurance which also provides a resource to enable it to help its students in the event of any future emergency.
You will automatically be provided coverage once Monash Abroad has approved your application in the Monash Abroad Portal (status will be “Committed” for most program types).
Further details about coverage
Further details about the policy, getting coverage, and submitting a claim can be found on the Monash Finance Intranet (login required). If you have any questions regarding your insurance policy or filing a claim, please email insuranceservices@monash.edu.
More information about travel insurance including personal travel can be found here.