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Scholarships boost for Australian and Asian exchange students.



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Media Release

SCHOLARSHIPS BOOST FOR AUSTRALIAN AND ASIAN EXCHANGE STUDENTS

25 November, 2004 MIN 1012/04

Fifty Australian undergraduate students are to live and study in Asia, while the same number of Asian students will head for Australia, following the awarding of 100 student scholarships by the Australian Government and the Cheung Kong Group.

As part of the Australian Government’s commitment, $500,000 will be allocated for the 2005 round of the Australian Cheung Kong Student Exchange Programme.

The 100 scholarships for 2005 will be for exchanges with institutions in China, Hong Kong, Thailand, Malaysia, Japan, South Korea and Singapore.

The Government and the Cheung Kong Group, a global Hong Kong-based group and a leading foreign investor in Australia, announced on 24 June they would each provide A$2.25 million to the Endeavour Australia Cheung Kong Scholarship Programme.

Scholarships have been granted to Australian institutions to support the costs of the 50 outgoing Australian exchange students and 50 incoming Asian exchange students participating in approved institution-to-institution student exchanges.

Each student will receive a A$5,000 subsidy towards the costs of participation in the exchange program. The exchanges also involve tuition fee waivers and those who successfully complete the approved study programme will receive credits towards their home institution degree.

This is the first year of the three-year program and has already met with an enthusiastic response in Australia - applications received were four times the number of scholarships.

International education exchanges foster closer personal ties, cultural understanding and

tolerance, all of which are particularly important for increasing social and economic development of the Asia Pacific region. Education is a potent weapon in the war against terrorism. It is also a foundation for our ties with other nations.

The Cheung Kong Scholarship programme is funded as part of the Australian Government’s $92 million Endeavour Programme, which provides scholarships and fellowships to increase international education opportunities for Australian university students.

Cheung Kong’s efforts are inspired by the desire to give something back to the communities of Australia and other Asian countries and I congratulate the Cheung Kong Group for their generosity and leadership in corporate philanthropy in the higher education sector.

Full details of the successful 2005 round student exchanges are available at http://www.dest.gov.au/International/Awards/end_auscheungkong.htm

Media Contacts: Dr Nelson’s Office: Yaron Finkelstein 0414 927 663 Dept of Education, Science & Training: Robin Poke 0412 738 087