Cost of Attendance
The Cost of Attendance (CoA) is an estimate of your education expenses for your enrolment period (12 month maximum). The University of Melbourne CoA components are the same for all US Direct Loans, as specified under US law. The CoA will specify the total amount you may borrow through the Federal Student Aid Program minus any other aid you receive for that award period.
Calculating the Cost of Attendance
The amounts below are reviewed each year in conjunction with the University's Student Financial Aid Office Cost of Living estimates and updated as appropriate.
Allowable costs calculated in the annual Cost of Attendance for loans commencing after 1st January 2017 are as follows:
Living costs (room, board, personal expenses, book, course materials)
See letter of offer/ website
Overseas Student Health Cover (course-length calculated in the first loan period) for students who require a student visa
See letter of offer
Student Services and Amenities Fee (Domestic research and CSP students only)
$290 Full time $217 Part time
Students with dependents may apply for an allowance for dependent care to be included in the CoA by submitting supporting documentation. This allowance is based on the estimated expenses incurred (during class time, study time, fieldwork, and commuting time for the student) based on the number and age of the dependents. This is not to exceed the reasonable cost in the community for the type of care provided (Higher Education Act, 472). Please contact the Financial Aid Officer directly for further information on this process.
Currency conversion and exchange rates
The Cost of Attendance amounts are in Australian dollars (AUD) and will be converted to US dollars (USD) when forwarded to the Department of Education. The exchange rate calculation is unable to be adjusted after that point.
When the Department of Education transfers loan disbursements in USD to the University, they are converted to AUD at the exchange rate on the date the funds are deposited in the University bank account.
As a result of these currency conversions at different points in time, the actual disbursement amounts will be different from the initial agreed amount. It is the borrower's responsibility to understand and accept this risk as part of studying at a foreign university and receiving US financial aid.
Exchange rate calculations can be completed using a currency converter.