International Student Exchange Program

There are four main aspects to financial planning for a semester abroad program:

1.  (PDF file) Financing your Participation

2. Know Your Costs - A great tool to view cost of living according to the location is Numbeo (external link) .  

3. Funding Oportunities

The earlier you start planning, the better preparted you will be for financing your exchange experience.

Students will pay their normal tuition to Toronto Metropolitan University.  No tuition is paid to the host university.

Students are responsible to cover the cost of their accommodations, travel, visas, flight, food and other living expenses for the semester they are abroad.

Total

Full exchange cost is approximately $11,000- $20, 000 for one semester, depending on cost of living in the city you are studying in.  Approximate cost includes tuition, housing, living expenses, travel, visa, insurance, food and incidentals.

Scholarships

• Scotiabank Mobility Scholarship: (3 x $2500) 
• Toronto Met International Exchange Opportunity Scholarship (35 x $2,000) 
• TRSM - Hospitality and Tourism Management - Highest GPA : $1000
• TRSM - Accounting and Finance - Highest GPA in each major: $1000
• TRSM - Business Technology Management  -Highest GPA: $1000
• TRSM – Business Management – Highest GPA in each major: $1000
• SWEA Swedish Scholarship: $1500 (1 sem.) $3000 (year) (Apply in May)

* Students should plan to take the equivalent of 4 Open Electives and a Liberal Studies while abroad.  This provides the most flexibility on destinations available.

Students are required to prepare a learning agreement before the exchange university’s application deadline. This is a listing of all the courses students would like to study and how they will be transferred to TMU towards their degree program. The learning agreement form is submitted to the TRSM exchange office for review and approval and courses are approved by the faculty prior to departure.

Important: Prepare and submit the Learning Agreement form in a timely manner.

The number of courses equivalent to five TMU courses varies by university. For example:

European universities (most) – 30 European Credit Transfer System (ECTS) (external link)  points equals five Toronto Metropolitan University transfer credits 

• Australia – four courses equals five TMU credits
• China – course for course (five courses = five courses)
• Singapore – course for course (four courses = five courses)

Grades

Credits are transferred through the transfer credit application process after the final exchange university transcripts are received by the TRSM exchange office. Students must pass the approved courses and have the required amount to ECTS (when required) to have the credits transferred. The credits from an exchange do not affect GPA at Toronto Metropolitan University.