1. Budgeting for Your Exchange
  2. Sources for Information on Funding and Budgeting
  3. CU Exchange / International Experience Bursary
  4. Scotiabank Exchange Scholarship
  5. Other Potential Scholarship/Funding Opportunities

This page is meant as a starting point for your research on financial assistance and scholarship opportunities for your time abroad. This list is by no means comprehensive and students are encouraged to do their own research and to follow up with the relevant offices or organizations for the most up-to-date information.

Budgeting for Your Exchange

While students participating in the Exchange Program pay tuition as usual to Carleton University, there are many other expenses that should be considered and budgeted for when preparing for exchange. This is one of the biggest tips we hear from students returning from their exchange. Expenses you will want to consider when preparing your budget include:

  • Additional fees required by your host institution (e.g. health insurance; residence fees; etc.)
  • Passport/visa application fees
  • Cost of travel (e.g. plane tickets)
  • Insurance (e.g. travel insurance)
  • Cost of living (e.g. rent; groceries; cell phone; etc.)
  • Tourist and social activities

Outgoing exchange students are responsible for acquiring and covering the cost of their own accommodations, travel, and living expenses. Awards or bursaries may be available from some host institutions but are not guaranteed.

We also recommend that you visit the Awards Office website to get a better understanding of:

  • How your renewable Carleton scholarship might be affected by an exchange
  • Bursaries for undergraduate students going on exchange
  • How your provincial student loan might be affected by an exchange

Sources for Information on Funding and Budgeting

CU Exchange / International Experience Bursary

These bursaries are facilitated by the Awards Office. Interested undergraduate students should visit the Awards Office website for further details and application instructions. Bachelor of Global and International Studies students should also visit the BGInS website for program-specific details.

Scotiabank Exchange Scholarship

Awarded annually to one or more undergraduate student participating in an official exchange as recognized through the exchange agreements with partner universities in countries where Scotiabank operates. The total value of the award is $4,000 and the funds may be used for a student(s) embarking upon an approved exchange. The eligible recipient(s) must meet all the requirements for a formal exchange and demonstrate academic excellence. Students apply for this award during the academic year they are on/going on exchange (e.g. a student on exchange during the Fall 2018 term will apply for this award during the 2018-2019 academic year).

One scholarship will be awarded in the 2019-2020 academic year. The 2019-2020 scholarship will be awarded to one or more undergraduate Carleton student currently on/going on exchange during the Fall 2019, Winter 2020, or Fall-Winter 2019-2020 term(s).

Deadline to Apply: Monday February 3, 2020

The Scotiabank Exchange Scholarship application is now closed.

Please note that you will need to submit a copy of your most recent Carleton University transcript.

Other Potential Scholarship/Funding Opportunities

(in order by country)


Scholarship Name Country Value More Information
Canada-China Scholars’ Exchange Program China Global Affairs Canada and the Chinese Ministry of Education are offering short-term scholarships to Canadians wishing to study abroad in China. Scholarships are awarded for studies, research, language studies or a combination of studies and language studies at participating Chinese institutions. Government of Canada – Canada-China Scholars’ Exchange Program
ICETEX Colombia Full scholarships for Spanish speaking (level B2 on DELE exam) foreign students interested in pursuing graduate diploma studies, Masters or PhD programs in the best universities in Colombia.


  • Full tuition
  • Living expenses
  • Health insurance for the duration of the program
  • Visa application
How to apply
DAAD Scholarship Germany Monthly stipend of EUR 650, health, accident and liability insurance, travel allowance DAAD German Academic Exchange Service
Augsburg Scholarship Germany 450 euros/month for 6 months Augsburg University
Leipzig Scholarship Germany 350 euros/month, up to 1500 euros Leipzig University
EDC International Business Scholarship International 30 awards at $4000 Export Development Canada
EduCanada International International scholarship opportunities for Canadian students and researchers to study and conduct research abroad. EduCanada
JASSO Scholarship Japanese Government Japan 80,000 yen/month JASSO
MEXT Japan 120,000 yen/month MEXT
Foreign Government Awards – Mexico Mexico The Government of Mexico is offering scholarships to Canadians for study or research at the Undergraduate, Master’s, Doctoral or Postdoctoral level in Mexico. Foreign Government Awards – Mexico
BUTEX United Kingdom (member institutions only) 500 pounds BUTEX
Killam Fellowships Program United States of America
  • $5000 USD for one semester
  • $750 USD Health Insurance Allowance
  • Up to $800 USD for in-country travel
  • Killam Orientation in Ottawa, ON
  • Spring Seminar in Washington, DC
Killam Fellowships Program