If you need help paying for your costs of studying abroad, then you are in luck because there are many bursaries, scholarships, student loans and studentships at your disposal.
These awards are given out on a merit basis and you are required to be studying through a student exchange program or an in-country language program that you are getting the units for.
Scholarships

1.    Understanding Study Abroad Bursaries

Bursaries financially help out second year and up undergraduate students and all postgraduate students in their endeavor to study abroad for credit towards their student degrees. 
Depending on the location of the study, a bursary will offer stipends of $3000, $2500 and $2000.

2.    Undergraduate Studentships: Robert and Maude Gledden Studentship

This specific studentship offers financial help to undergraduate students who are in their second year and higher in the specific industries of Agriculture, Engineering, and Science.   The assistance helps students study abroad for credit towards their degree.

3.    Getting to know the Australia University Mobility in Asia and the Pacific Program

Undergraduate students are financially assisted in their student exchange programs through the Australia University Mobility in Asia and the Pacific (UMAP) Program, the Department of Education, Science and Training (DEST).  Eligibility for a scholarship has the following requirements:
•    Australian citizen or Permanent resident of Australia.
•    Undertaking an official university exchange program for 1 or 2 semesters.
Previously, financial backing was offered to students who studied abroad in China, Hong Kong, Canada, Singapore, Japan and the United States.  You should verify with your study abroad department for more recent information about what universities have been designated.

4.    Information about the Australian Cheung Kong Student Exchange Program

This student exchange program is financially backed by the Cheung Kong Group of companies based in Hong Kong and the Department of Education, Science and Training.  It provides students with transportation finances in order to support undergraduate involvement in the exchange program at associate universities in Asian countries.

In order to qualify for a scholarship you must meet the following criteria:
•    Australian citizen or Permanent resident of Australia.
•    Undertaking an official university exchange program for 1 or 2 semesters.
Previously, financial backing was offered to students who studied abroad in China, Hong Kong, Singapore and Japan.  You should verify with your study abroad department for more recent information about what universities have been designated.