Finances
In determining how to fund their international experience, students should research financial aid eligibility, scholarship eligibility, and personal funding. Moreover, students should take into consideration the number of credits as well as the amenities included in a given study abroad program. The resources below will help students compare the prices and academic offerings of different programs.
An important part of study abroad planning is deciding how you will pay for day-to-day travel expenses. Many students choose a combination of two or three travel money options. Before you decide which one will work best for you, call your bank and ask about transaction fees and currency conversion charges. These extra fees can work out to be rather expensive.
Financial Checklist:
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Manage your Finances |
Apply for Additional Funding |
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Be sure to contact your bank and/or credit card company to inform them that you will be abroad. Be aware of international ATM fees in your host country. |
Look into existing scholarships to fund your overseas trip. |
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Know the currency exchange rate between the U.S. and your host country |
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Compare program finances within the Budget Worksheet and decide upon a working budget for your international experience. |
Useful Apps:
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App
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Purpose |
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XE: Get up to the minute exchange rates for 180+ currencies to understand your spending in your host country |
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Venmo: An east way to transfer money between debit cards, credit cards, and bank accounts. Very helpful, especially if your family needs to send you money. |