The Student and Faculty Member Exchange Program among Higher Education Institutions, briefly called "Farabi Exchange Program", is an exchange program for students and faculty members among higher education institutions that provide education at associate, undergraduate, graduate and doctoral levels within universities and institutes of high technology.

Farabi Exchange Program aims for students or faculty members to continue their education and training activities in a higher education institution outside their home institution for one or two semesters.

Students participating in the Farabi Exchange Program receive scholarships and faculty members receive additional course payments.

The principles regarding the implementation of the Farabi Exchange Program are detailed in the Regulation and Principles and Procedures.