The Australian Government encourages young Australians to immerse themselves into social and academic cultures of other countries and provides opportunities for international students, particularly from the region, to study in and experience Australia.
It also seeks to support Australian higher education providers in further developing and diversifying their linkages with counterpart institutions overseas.
In recognising the enduring benefits of undergraduate student exchanges, the Australian Government has been funding Australian higher education providers to subsidise the costs to students participating in student exchanges since 1993.
The key features of the International Student Exchange Programs are tuition fee waiver and credit transfer.