Costs + Funding
Application Fee
Participating in an Alberta School of Business exchange costs $250. This includes a $75 application fee, which is non-refundable for all applicants, and a $175 administration/coordination fee for those approved to go abroad.Tuition + Fees
While on exchange, students will remain registered at the U of A and continue to pay our institution's tuition and fees. Additionally, all instructional fees at the exchange destination will be waived. While tuition fees are typically based on the rates for U of A courses, there are certain exceptions that may lead to reduced tuition for specific participants on exchange programs.
With the Guaranteed International Tuition Framework, international students continue to pay the same rate for their entire degree program, so participation on an exchange program will result in no changes to overall totals.
Tuition & fees will be due according to the regular University of Alberta payment deadlines and you may pay in the same way as you normally do for tuition and fees while at the U of A.
Airfare, Accommodations + Living Expenses
Each participant is responsible for these costs, which can vary significantly depending on your exchange destination and personal habits. It's crucial to thoroughly research your destination and plan meticulously to estimate your exchange costs. You can find additional information about accommodations and estimated living expenses on the host institution websites, in past student reports, and by consulting the exchange coordinator and former participants.
Please be aware that you will also be responsible for any visa/immigration expenses as well as insurance, vaccinations and any other preparatory measures that might be required.
Funding
Students on exchange are eligible for all U of A student awards and bursaries, as well as Canada and Alberta student loans. Additionally, there are various scholarships and awards available to support exchanges, both for general exchange programs and specific destinations.
The following is a partial list of funding resources available to students participating in an official exchange program. Students may be eligible for additional awards not listed below. For more information on scholarships, bursaries and awards, please visit the BCom Office, Office of the Registrar & Student Awards, MBA Program Office, Faculty of Graduate Studies & Research and the Education Abroad Program Office.
Business Funding
BCom students participating in a Fall or Winter International Exchange approved by the Alberta School of Business Undergraduate Programs Office are eligible to apply for a subsidy to help defray the travel costs of an exchange.
This funding is for full-time, semester-length bilateral partnership programs. It is not guaranteed for every student, however, and will be granted according to criteria such as destination, duration of program, and other factors. Students must register with the Business Exchange Association (BEA) in order to be considered.
Please note: Participation on Spring/Summer exchange & study abroad programs, internships, study tours, faculty-led courses and other short-term international programming is not eligible for funding under the Travel Award Program.
Field of Study: Business
Conditions: To be awarded annually to an undergraduate or graduate student with satisfactory academic standing entering the second, third, or fourth year of a degree program in the Alberta School of Business. This award is granted in order to assist a student with the costs of undertaking study abroad at the Hong Kong University of Science and Technology as part of a University of Alberta degree. Recipient will be chosen on the basis of academic standing and financial need.
Endowed by the Hong Kong-Canada Business Association
Application: by Mar 31 via the central Registrar's Awards Hub
Field of Study: Business
Conditions: To be awarded annually to undergraduate or graduate students intending to study for at least one semester, but ideally two semesters, at the Wirtschaftsuniversitaet Vienna, Austria. Students must be either a Canadian Citizen or a Permanent Resident.
Endowed by Dr. Joseph Kandler, a native of Vienna, and a graduate of the Hochschule fuer Welthandel, now named Wirtschaftsuniversitaet, Vienna (WU). In 2008 he was recognized as an Honorary Citizen of the Wirtschaftsuniversitaet at a special function in Vienna. Dr. Kandler is a former member of the Senate and Board of Governors of the University of Alberta. Melitta Kandler began her studies at the University of Graz, Austria and graduated with an MA from the University of Alberta.
Application: by Mar 31 via the central Registrar's Awards Hub
Field of Study: Bachelor of Commerce
Conditions: Awarded to student(s) with satisfactory academic standing enrolled in a Bachelor of Commerce degree who have demonstrated interest in Japan. Selection based on academic standing with preference given to students with satisfactory Japanese language proficiency. Successful applicant(s) are encouraged to use this scholarship to study at Nagoya University of Commerce and Business Administration in Aichi or at another Japanese university, Japanese company, and/or Japanese business organization.
Endowed by Hiroshi Kurimoto, President, Nagoya University of Commerce and Business Administration in memory of Yuichi Kurimoto, first Japanese native son to earn a degree at the University of Alberta. The Award was also established in honour of the 40th Anniversary of Nagoya University of Commerce and Business Administration and celebrates the close partnership Nagoya and the University of Alberta have enjoyed over the past forty years.
Application: by Mar 31 via the central Registrar's Awards Hub
Field of Study: Business
Conditions: Awarded to students with satisfactory academic standing enrolled in the third or subsequent year of an undergraduate degree at the Alberta School of Business participating in a University approved international exchange. Selection based on academic standing. Preference given to students in Finance or Accounting.
Endowed by James Zanello
Application: by Mar 31 via the central Registrar's Awards Hub
Field of Study: Business
Conditions: Awarded to students with a GPA of 3.0 or greater enrolled in any year of a Bachelor of Commerce in the Alberta School of Business. Selection based on academic standing. Preference given to students who have submitted an application for a Fall/Winter International Exchange approved by the Undergraduate Programs Office. Part-time students are also eligible to receive this award.
Annually funded by the John and Dianne Storey Family Foundation
Application: by Mar 31 via the central Registrar's Awards Hub
Field of Study: Business
Conditions: Awarded to a student with a GPA of 3.0 or greater enrolled in any year of an undergraduate degree in the Alberta School of Business who has been approved for a Fall/Winter International Exchange. Selection based on academic standing and demonstrated involvement in community and/or social organizations. Part-time students are eligible to receive this award.
Annually funded by Daryl Yeo
Application: by Mar 31 via the central Registrar's Awards Hub
Field of Study: Accounting
Conditions: Awarded to a full-time or part-time student with a minimum GPA of 3.0 entering the third or fourth year of study for a Bachelor of Commerce with a major or minor in Accounting who intends to study abroad. Selection based on academic standing.
Endowed by the Alberta School of Business and the CPA Education Foundation
Application: by Mar 31 via the central Registrar's Awards Hub
University-wide Awards
Variable number of awards valued between $500 - $4,500
Note: Eligible applicants will also be considered for several endowed awards if not selected for an Individual Award. These endowed awards include the Alberta-Hong Kong Young Scholars Exchange Award, Dr. Horst A Schmid Travel Bursary, Rod and Judith Fraser International Undergraduate Learning Award, Sandy Mactaggart Award and the Indira V Samarasekera Scholarship in Global Education, among others.
The Canada Learning Initiative in China (CLIC) connects Canadian university students with Chinese universities through unique study abroad programs. Participating in a CLIC program is a great way for Canadian students to have innovative and meaningful educational opportunities in China. Through CLIC, the Ministry of Education in China and CLIC Canadian member universities have partnered to cover a variety of costs for Canadian students who desire to study in China.
Please visit CLIC for more information.
Other Potential Funding Resources
EDC's scholarship program offers up to 20 scholarships of $5,000 annually to undergraduate students enrolled in a program focused on international business, finance, economics, or a combination of business with environmental/sustainability studies.
Application deadline is March 1, 2024. For more information, please visit the EDC Scholarship website is at www.edc.ca/scholarships.
University of Alberta students participating on a formal study abroad program remain registered at the UofA while on exchange and are therefore eligible for Alberta and Canada student loans. Please also be sure to check out the following sources of potential funding opportunities.
- Government of Alberta
- Federal Government of Canada
- Community Groups
- Government or private organization in host country