It's not a scholarship, it's just a bursary-type thing that the School of Languages and Cultures gives you to help for the compulsory exchange, to the tune of $5000 (which should do your airfare, and the majority of your souvenirs
). But to that/to stay in the degree you have to have a credit average across your subjects (don't ask me how that is calculated) for the first three years of your course or when you go on exchange - whichever is first.
(About WHEN you take your exchange, you can do it in second year, but for that you ahve to do a full load in your first year, and will also have to really have your head screwed on and do your applications etc by October/whatever the date is in that same first year. So I think usually what happens is that BA Langers go on exchange in their third year (what I'll be doing. Adieu, l'Australie in July 2007).)
Fun degree, again depends what you choose and how you structure it. I love what I'm doing because all that I do interests me, which I suppose you could translate into fun. With my subjects class sizes are also rather/comparatively small, so I suppose it made it easy to connect with people and become friends etc (but that's sort of subjective and I have no idea about the huge massive classes lol).
