Your Study Abroad Resource to Find Answers, Funding, and Programs

Funding

Questions to Ask Yourself

  1. Are you eligible for federal, state, or institutional aid consisting of loans, grants, scholarships, or work-study?
  2. Are you receiving financial aid for your college education?
    • If so, talk to your study abroad advisor or financial aid officer to see how this funding applies to study abroad.
    • Do you know what your financial aid package does and does not cover in terms of study abroad expenses?
  3. Are you eligible for a grant or scholarship? Research the grants you might be eligible for. We provide a list of options below.
    • Make a list of 5 which you are eligible for.
    • Note the due dates for each application, and if you will receive the funding in time for your trip?
  4. Are you eligible for a need or merit scholarship or discount offered by a study abroad program?
    • Such as the American Institute of Foreign Study (AIFS), Syracuse University, Council on International Educational Exchange (CIEE).
  5. Are you eligible for financial aid to assist underrepresented students enrolling in overseas study programs?
    • We provide a list of options below.
  6. Have you started budgeting your income and/or saving money to provide for the program costs and cost of living abroad?
  7. What categories do you need to create in your budget book/ledger (rent, food, clothes, entertainment expenditures, etc.)?
  8. Do you try to give all your purchases a "work value" in order to see the time it will take you at work to earn the money to buy them?
  9. Are there any other ways to cut back on expenses (i.e. coupons, not eating out, etc.)?
  10. Can you think of any odd jobs that you might be able to do in your neighborhood in order to earn extra money (i.e. washing cars, babysitting, walking dogs, etc.)?
  11. Have you taken care of all your financial aid and scholarship forms so that you continue to have financial support at your home campus when you return?

Resources

  1. Study Abroad Parent Guide Financial Information: Financial information geared towards parents, but useful for students as well.
  2. GlobalScholar.us: Go to Course 1, Module 2, Task 6: "Money Management" about how to save and spend money while overseas.
  3. AllAbroad.us – Budgeting: Mentors address how to create and follow a budget as well as giving tips for budgeting overseas.
  4. AllAbroad.us – How to Pay: Mentors answer questions about how to pay for a study abroad experience.
  5. AllAbroad.us – Study Abroad Scholarships: Scholarships, grants, and fellowships for general study abroad, diverse students, and for non–traditional countries.
  6. Fast Web: This service provides a free customized list of financial aid sources including private sector scholarships, fellowships, grants, and loans.
  7. GlobalScholar.us: Go to Course 1, Module 1, Task 5: "Funding Your Study Abroad Program" for useful information about saving and how to research financial aid.
  8. StudyAbroad.com: Directory of various financial aid programs and websites for study abroad.
  9. Study Abroad Student Guide: Information about financial aid programs for students studying abroad.
  10. The Financial Aid: Page links to scholarship searches and comprehensive listing of financial aid information.
  11. The Student Guide: Department of Education publishes a guide each year on the eligibility requirements on various federal aid programs.
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