finance

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The following ESTIMATES are based on charges for the year of 2012/13 only. Fees and charges are expected to increase on an annual basis. Items Undergraduate Students Postgraduate Students Academic Tuition fees (for 2013-14 cohort) $135,000 p.a.* *This is for UGC-funded programmes only. For self- financing courses, the fees vary from programme to programme. For students of taught courses, you need to check the tuition fees with Faculty office as fees vary from programme to programme. For research students: $42,100 p.a. Other University expenses $350 Caution money + $240 Student Union fees $350 caution money Academic expenses ( e.g. books and supplies excluding PC & accessories) Some courses also have significant expenses relating to overseas fieldtrips and special equipments. around $7,000 - $30,000 p.a. around $10,000 - $40,000 p.a. Housing Lodging fees of the University’s residential halls & colleges $11,000 - $20,000 (271 residential days) $12,500 - $55,000 p.a. Hall miscellaneous charges $1,600-$3,000 p.a. These include hall association entrance & subscription fees, high table dinner fees, key deposits etc, excluding air-conditioning charge which varies with individual lifestyle & seasons (approximately $200 per month in summer). Major expenditure (in HK dollars) Finances Fees and Expenses 2013-2014 (For Reference Only) 32 Planning Your Stay

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HKUST FEE

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The following ESTIMATES are based on charges for the year of 2012/13 only. Fees and charges are expected to increase on an annual basis.

Items Undergraduate Students

PostgraduateStudents

AcademicTuitionfees(for2013-14cohort)

$135,000p.a.**This is for UGC-fundedprogrammesonly.For self-financingcourses, the feesvary from programme toprogramme.

For students of taughtcourses, you need tocheck the tuition feeswithFacultyofficeasfeesvary from programme toprogramme.

Forresearchstudents:$42,100p.a.

OtherUniversityexpenses

$350Cautionmoney+$240StudentUnionfees

$350cautionmoney

Academicexpenses(e.g.booksandsuppliesexcludingPC&accessories)Somecoursesalsohavesignificantexpensesrelatingtooverseasfieldtripsandspecialequipments.

around$7,000-$30,000p.a.

around$10,000-$40,000p.a.

Housing LodgingfeesoftheUniversity’sresidentialhalls&colleges

$11,000-$20,000(271residentialdays)

$12,500-$55,000p.a.

Hallmiscellaneouscharges

$1,600-$3,000p.a.These include hall association entrance & subscriptionfees,hightabledinnerfees,keydepositsetc,excludingair-conditioning charge which varies with individuallifestyle & seasons (approximately $200 per month insummer).

Majorexpenditure(inHKdollars)

FinancesFees and Expenses 2013-2014 (For Reference Only)

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Planning Your Stay

MealCharges(on-campuscateringoutlets)

Items Price range (HK$)SetBreakfast 13–25SetTea 13–25Sandwiches 8–30SetLunch 11–30SetDinner 18–35Bakery 5–20Salads 12–25HotDrinks/Coffee 6–25ColdDrinks/Coffee 7–27Snacks 5–20

Thefollowingtablesgiveyousomereferencefiguresoncommonmealandtransportationitems:

HKUstudent’sfrequentroutes Fare(HK$) MeansofpublictransportSassoonRoadtoMainCampus 2 ByUniversityshuttlebus 5to10 Bybusormini-busMainCampustoCentral 5to8 BybusMainCampustoCausewayBay 6to10 BybusorminibusMainCampustoMongkok 11to15 Bybus,minibusandMTR

TransportationCost

Compulsoryhallmealcharges(forcertainhallsonly)

$5,900-$8,200p.a.(notallmealsarecovered)

University-administerednon-hallhousing

$11,000p.a. $20,000to$42,000p.a.

Privatelyrentedaccommodation

Single room from $30 per sq.ft. up, excludingutilities.

Other ExpensesPersonalexpenses(dependingonyourlifestylesandassumingeatingoncampus)

Around$4,200permonthup

You also need to budget for your entertainment, overseas travel, insurance and medical expenses, etc.

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Financial Aid

Likemostcountries,theHKSARgovernmentortheUniversitydoes not provide financial aid to non-local students. It istherefore important for you to plan your budget well andensure that you will have adequate financial resources tocoverallyourexpensesduringyourstayinHongKong.

Scholarship Postgraduatestudentships/scholarshipsareavailable for those reading foraM.Phil.orPh.D.degree.Further information isobtainable fromtheGraduateSchool.

International student entrance scholarships are available for undergraduatestudents. You can find out more information at <http://www.hku.hk/international>.

Part-time and Summer Job

Under the existing immigration regulations, full-time full-degree non-localstudentsareallowedtoworkatthedesignatedoperatorsontheHKUcampusfor up to 20 hours per week during term time. They can also work full-timeduringthesummerperiod.Fordetails,pleasevisittheCEDARSwebsiteat<http://cedars.hku.hk/nonlocal/visa.html>.

Whilesomestudentscanearnextramoneyfrompart-timeandvacationwork,availabilityofsuitable jobs isnotguaranteed. It isnotadvisabletoplanyourbudgetexpectingtofindworkforthemaximumallowablehours.

Banking Arrangements: Making early provision

Ifyoudonothaveabankaccount inHongKong, you will need to transfer money foruseonarrival.Thiscanbedone,either

• by instructing an overseas bank one ortwoweekspriortoyourdeparture.Arrangeto sendmoney in your name to a bank inHong Kong (both HSBC and the Bankof East Asia have branches on the HKUcampus);or

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Planning Your Stay

• by carrying traveller’s chequesor abankdraft for deposit intoa localaccount (personal chequescanalsobedepositedbutmay takeup tothreeweekstobecleared).

Themajorityofbanksareopenfrom9:00a.m.to4:30p.m.,MondaystoFridays.Mostestablishments inHongKongacceptmajorcredit cardssuch as VISA, MasterCard andAmerican Express but the Universityandmostcampusoutletsacceptcashorchequeonly.

Bringing money

There are usually significant extra expenses in the first month of yourstay, such as rental charges, household items and textbooks.On top ofthe tuition fees, the firstmonth’sexpensescanamount toHK$10,000ormoreforastudent.Itisimportanttohavearealisticideaoftheamountofmoneyyouwillneedandplanaccordingly.

Youareadvisedtobringenoughcash,traveller’scheques,orbankdraftstocoverexpensesofatleastyourfirstmonth.Donot,however,carrytoomuchcashatanytime.

Youwill be able to locate banks and currency exchange services at theairportaswellasoncampus.

YoucanobtainabankdraftortransfermoneytoabankaccountinHongKongthroughyourlocalbank.Keepinmindthatitmaytakesometimetocashalargebankdraft.

Moneytransfersshouldbearrangedwellbeforeyourdeparture.

Therearetwobankslocatedoncampus:HSBC (Tel:852-22333000)TheBankofEastAsia (Tel:852-36091812)BankofChina (AutomatedTellerMachineonly)

Theofficial currencyofHongKong isHongKongDollar (HK$).Youcanexchange foreign currency or traveller’s cheque with Hong Kong Dollaraccording to thedaily exchange ratesat anybanksormoneyexchangeshopsinHongKong.

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