Other Financial Considerations
Following are other possible expenses or financial considerations that parents/students should consider when studying at ICHM.
Uniforms – For students undertaking the Bachelor of Business (Hospitality Management) uniforms are compulsory. The uniform cost is approximately $1,000, shoes and tights are not included. There are no uniform requirements for students of other ICHM courses but these students are required to wear business attire.
Text Books – The cost of textbooks per year of study for the ICHM undergraduate and postgraduate degree programs will vary depending on the year and will range from A$400-A$600 in total.
2020 and later – no charge
Pre 2020 $60
Replacement academic transcript
2020 and later – no charge
Pre 2020 $50
Student card replacement - $15
Student name badge replacement - $15
Student graduation ticket – Supplied free of charge
Graduation guests – Ticket price confirmed each year
New student fee (International Students Only) - $250
On campus and international students
International students will be required to obtain a Student Visa to study in Australia. The visa processing charge (payable to the Australian Government) is approximately A$620. As part of the visa process, students may be required to have a medical check with an Australian Government authorised doctor. The fee for this medical is approximately A$300.
You may also need to provide specified documentary evidence of your financial capacity with your visa application.
For more information regarding visa financial capacity requirements, visit the Australian Government Department of Home Affairs website.
All student visa holders are required to have adequate health insurance while they are in Australia. The insurance must commence from the date the student arrives in Australia on their student visa and must be in effect until the student leaves Australia or moves to a non-student visa subclass. If a student visa holder is in Australia and does not hold health insurance, they are in breach, even if their course has not yet started.
Exceptions: New Zealander, Belgian, Norwegian and Swedish students are not required to purchase OSHC as part of their visa requirements.
Which insurers offer OSHC?
Students can choose to arrange their OSHC from the following list of providers: BUPA Australia - overseasstudenthealth.com Medibank Private - medibank.com.au Allianz Global Assistance - oshcworldcare.com.au nib OSHC - nib.com.au Australian Health Management - ahm.com.au If you are studying at more than one educational provider you will have to ensure that there is no gap between policies. This means that as one policy expires the next commences immediately, or the policy length is sufficient to cover all courses while you are on a student visa.
Proof of insurance:
Students must be able to provide a copy of the policy when lodging a visa application.
It is important for all prospective international students to understand that any school aged dependants who come to Australia with them, will be required to pay full fees if enrolled in a government or non-government school. As a part of their visa application, schooling costs of A$8,000 per year for each child is required. This amount is the minimum required for a visa application only, and the applicant is responsible for researching actual schooling costs themselves.
Students with accompanying family members should also take into consideration additional visa fees; and additional costs associated with providing health cover for them while in Australia, refer to your selected health cover provider for these costs as they may vary.
While students are expected to earn income during their WIL placements, they will also incur expenses such as:
Transport costs to and from their internship placement city
Accommodation (only a few hotels provide staff accommodation)
Public transport to work
These expenses will vary widely depending on location around the world. While their income should cover daily living expenses, if in Australia, students need to budget for the upfront costs that are incurred when organising rental accommodation. These costs include bond and connections for telephone, gas, water and electricity.
Responsible Service of Alcohol (RSA) Exam
Students who go on a food and beverage internship to locations that require an RSA exam should be prepared to pay the cost. Such locations are generally those located within Australia. Approximate cost A$60 - 100.
While living on-campus, students will require money for general expenses. The amount required will vary, but on average students spend between A$60 and A$120 per week on the following items:
Personal mobile phone cost will vary according to the provider and option selected
Transport (bus, taxi or car if you have one)
Entertainment (cinema, recreation etc)
Snack food (some students say they can’t study without chocolate!)
Personal items (toothpaste, shampoo, washing detergent etc)
ICHM students are issued with a student identification card which entitles them to full student discount in South Australia, providing significant discounts on public transport, cinema tickets and more.
All the rooms at Regency International House (RIH) include standard usage of 10GB per month (additional can be purchased). A 24-hour computer suite is located in RIH student accommodation complex and in the campus computer lab. Students living off-campus and while on placement will probably need to provide their own laptop or tablet.
There are no storage facilities for students personal affects on the campus, so while undertaking industry placement students may be required to pay for storage for their personal goods until they return to study on the campus.