Paying the Way
With proper planning and a commitment to exploring funding resources, studying abroad can be affordable for any budget. There are many factors that influence choice in location and program; one important factor is cost. Listen to the recorded Paying the Way: Funding Study Abroad Webinar to get started on financially planning your semester overseas. A transcript of the recording is available. After listening to the webinar, you can explore scholarships and other funding resources.
How Much Does it Cost to Study Abroad?
The cost of a program is often an important consideration for students when researching and selecting an education abroad program. Programs offered through Education Abroad have varying cost structures. Billable and non-billable expenses for a study abroad program depend on the elements of the program, location, cost of living in the host city, length, and supplemental excursions and cultural activities. Students should thoroughly research the cost of available programs before submitting an application.
Budget sheets showing estimated program costs are available on each program brochure page. Notice on each budget sheet there is listed a "Billable Subtotal," "Non-Billable Subtotal" and "Total." Understanding your semester bill is the first step to financially planning for study abroad.
Billable items are costs that will be charged through each student's Penn State bursar account, and include Penn State tuition, technology fee, and an Education Abroad administrative fee. For many programs there may be a program fee included as well. The program fee may include items like housing, on-site student services, and field trips. Items included in the program fee vary from program to program, so students and their families should consult the "notes" section below the budget for details.
Non-billable items are costs that do not show up on the Penn State bursar bill but nonetheless add to the total cost of the program. These items often include airfare, meals, books and other school supplies and personal expenses. Please note that the non-billable costs listed for each program are rough estimates only and should be used as general guidelines while planning a budget. Actual expenses will vary depending primarily upon each student's lifestyle and the exchange rate in each country.
The total amount listed is a combination of billable and non-billable items, and shows the anticipated cost of attendance for that program. We encourage all students to consult program cost sheets on a regular basis as it is frequently updated with the most current cost information and billing information available. Education Abroad advisers are available to discuss program costs in greater detail. Advisers also recommend determining your education abroad budget and making comparisons to the cost of a typical semester at Penn State.
Steps to Funding Study Abroad
Affordability is an important factor when selecting an education abroad program. The programs offered through Education Abroad (EA) vary in cost, depending on the features of the program, geographic location, length, inclusions in the program such as excursions and cultural activities, and the level of on-site support. When researching a program that is both academically appropriate and budget friendly there are many considerations to take into account:
- Learn tips that will help keep study abroad affordable while searching for a program.
- Research study abroad scholarships available through Penn State and externally.
- Learn more about the payment procedures and billing for Education Abroad programs.
- Should you have to withdraw from a program it is also important to understand the Education Abroad Withdrawal Policy and any financial penalties you may incur before committing to a program.