Outbound Exchange - Cost and Financial Aid
Costs of the ProgramHere are all the usual budget items associated with this Global Experience program:
Airport transportation to your accommodations in destination country
Accommodations (either student residence, apartment, or other)
Daily transportation in host country (typically by public transit)
Textbooks & any other equipment required for classes
Visa and immigration-related costs (including but not limited to destination visas, departure or entry taxes, additional documents)
Medical Assessments and notes for travel - Pre-Departure
*Insurance ($2.00/ day with Guard.me)
*Tutition Fees (waived for partner institutions)
Optional Program Fees
Activity or Sightseeing Costs
** Depending on your location the costing for this can be higher or lower. In the program application we will try to determine what the average cost of living per location is to give you the most accurate approximate budget but you will need to also do this research to determine if you can afford to participate.
Financial Award: Bursary PaymentAll selected participants will receive a bursary to cover 70-80% of the above costs (excluding your Centennial College tuition fees, which are already waived) associated with the program. This typically ranges from $4000-$4500.
In addition, Centennial College will purchase emergency health insurance via Guard.me for the duration of the program.
You are responsible for all costs associated with participation not covered by the bursary.
Your Expenses – what you need to budget for
We advise students budget approximately $500-1000 per month for meals, daily transportation, school related expenses like textbooks and personal expenses. This typically ranges from $2000-$4500 for the entire program**.
What is not covered by the bursaryRegular Centennial tuition fees (paid to Centennial College for your semester abroad) Exchange students do not pay tuition fees to the partner institution but do pay for textbooks and school supplies.
Pre-departure medical fees (to sign a mandatory Global Experience Health Form, and to obtain any required vaccinations)
Personal expenses such as personal care items, recreational travel, entertainment, and any other costs not outlined above.