Are student exchange programs worth the cost?

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Thinking about sending your child on a student exchange? While the experience can help students develop confidence, independence and cultural awareness, it can also cost families thousands of dollars. Here's what parents need to know about student exchange programs, including the benefits, risks and typical costs involved.

Student exchange - where kids travel overseas to live and study - is becoming more popular.

We have a school-age student staying and we are finding it a great way to learn about another country and culture.

Could a student exchange change your child's future? Explore the costs, benefits and practical realities of sending a teenager overseas.

My daughter will stay with her family later in the year. It will test her independence.

She is enjoying the new friendship and looking forward to making new friends at her overseas school.

If it all works out, going on an exchange can be a rewarding experience, boosting kids' confidence and developing their judgement skills.

And it can fast-track learning a foreign language.

At a glance: Why consider a student exchange?

  • Independence: Learn to navigate life away from home.
  • Resilience: Adapt to unfamiliar situations and challenges.
  • Global connections: Build friendships across cultures.
  • Cultural awareness: Experience daily life in another country.
  • Future study opportunities: Gain confidence for overseas university study.
  • Career skills: Develop qualities valued by employers.
  • Money management: Learn to budget and manage everyday expenses.

How much does a student exchange cost?

It isn't cheap. Australia is a long way from popular destinations such as Japan, France, Germany, Italy, Great Britain and South America, making airfares a big cost.

If the school organises a reciprocal exchange, the main cost is the airfare.

You provide food, accommodation and the day-to-day costs for the student who comes here.

In return, the host family provides food and, depending on the family's generosity, organises trips and sightseeing.

Your child will need money for incidentals such as transport to and from school, school lunches and some entertainment.

You will also want to make sure your child is covered by travel insurance.

As well as school-organised exchanges, plenty of external companies offer short-term and one-year exchanges.

The costs are considerably higher but this is partly offset by not having to host a child yourself.

You can expect to pay from $10,500 to more than $12,000 for a long-term Rotary Youth Exchange in Australia in 2026, depending on the destination.

Not all host families may work out - the benefit of an organised group is that your child can be moved to another family.

Exchanges in a gap year after school are popular. Your kids are more mature, and capable too.

There are some terrific programs around the world but they are expensive.

The most popular countries for student exchange

  • Germany: A leading destination for students seeking language immersion, cultural experiences and a high-quality education system.
  • Canada: Popular for its welcoming communities, excellent schools and English-speaking environment.
  • Spain: Attracts students eager to learn Spanish while experiencing a vibrant lifestyle and rich culture.
  • England: Offers the familiarity of studying in English along with access to historic schools and diverse cultural experiences.
  • Italy: Combines language learning with world-famous history, art, food and culture.
    Source: studentexchange.org
machu picchu peru
Machu Picchu, Peru. Photo: Getty Images.

Are student exchanges worth it?

A friend of mine's daughter is spending four months in Peru, working in a local school and living with a family.

She is with a group of Australian students and there is a co-ordinator on the ground that looks after the group.

This came in handy when she ended up in hospital with food poisoning.

The parents were notified immediately and she was well looked after.

One of the advantages with an end-of-school exchange is that you can encourage your kids to save up over high school to meet part or all of the cost.

While a student exchange can be a significant financial commitment, many families see it as an investment in their child's future.

The experience can help teenagers develop maturity, confidence and a broader view of the world, qualities that may last far longer than the trip itself.

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Susan Hely has contributed to Money for more than 15 years. She has been a finance journalist for more than three decades, beginning at the Australian Financial Review before moving to the Sydney Morning Herald. Susan edited Superfunds magazine for the Association of Superannuation Funds of Australia, and writes regularly on family money and superannuation. She's also author of the best-selling book Women and Money. Connect with Susan Hely on LinkedIn.