Money Matters
Where Does the
Money Go?
Student Exchange Australia is a ‘not-for-profit’ organisation
which means there are no shareholders to whom profits can be distributed.
We are ‘fee for service’ which means that program
fees are used to cover the costs of providing the program in Australia
and overseas. As a rough guide program costs break down as follows:
|
25% of program costs occur in Australia
and go toward the recruitment and selection of students for
their overseas experience.
These include professional staff in Australia, processing of
applications, student and family interviews, resource materials,
orientation and assistance with visas and a contribution to
general overheads. |
|
27% of program costs go toward getting students to
and from their destination.
These include domestic and international airfares with recognised
airlines, airport transfers, insurance and processing of tickets. |
|
48% of program costs arise in the hosting country
and go toward the care and support of students.
These include full time professional support staff, recruitment
and selection of volunteer host families, recruitment and selection
of local coordinators, provision of arrival orientations, development
of resource materials and facilitation of school enrolments,
etc. |
A study by the National Centre for Social and Economic Modelling
found that on average it costs $310 a week or over $16,000 a year
to keep a teenager at home. Compare this to the cost of our participation
fee and the value of our programs is immediately clear. A student
exchange program is an investment for life. Experience is everything.
1 Source: MP
NATSEM Income and Wealth Report conducted by the National Centre
for Social and Economic Modelling. |
|
