Fees

Fee Structure Fee-help Important note Other fee information

Fee Structure

The University's tuition fees are reviewed annually and may be varied during the period of study. The fees for the program in 2013 are made up of twelve units of study at a total of AUD$60,000. Part-time fees are paid per unit of study per term in advance and payment deadlines are notified to students at the beginning of each calendar year.

Payment Options

If offered a place in The University of Sydney Business School's 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. The 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. 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

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 on the Australian Government Study Assist website.

How much can I borrow?

The following excerpt is taken from the 2011 FEE-HELP Information Booklet which can be accessed on the Australian Government Study Assist website.

"Eligible people may borrow up to the FEE-HELP limit to pay tuition fees over their lifetime.  From 1 January 2012, the FEE-HELP limit will be $89,706. 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 on the Australian Government Study Assist website.

"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 2011-12 income year is $47,196.

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 on 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."

Case study

Joan has been offered and has accepted a place in The University of Sydney 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 $89,706. 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 ($87,650 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 $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).

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 on the Study Assist.

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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