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Financial planning

How to evaluate fellowship funding and hidden costs

Funding labels can conceal very different arrangements. Confirm the amount, currency, payment schedule, tax position and expenses that remain the applicant’s responsibility.

Separate the funding models

  • Employment salary
  • Educational stipend
  • Travel or accommodation grant
  • Fee waiver
  • Self-funded placement
  • Funding not publicly confirmed

Build a complete cost inventory

  • Application and regulator fees
  • Visa and immigration costs
  • Professional indemnity
  • Health checks and vaccinations
  • Travel and relocation
  • Accommodation and local transport
  • Dependants and childcare
  • Courses, examinations and conference attendance

Confirm before accepting

Request written terms showing gross and net payment expectations, benefits, leave, insurance and the consequences of a delayed visa or credentialing decision. Missing public funding information is not proof that a programme is unpaid.