Budgeting and Planning Worksheet

Studying abroad requires very careful budgeting. Before making a budget, check your program information to learn exactly which costs are your responsibility. For example, are field trips included? Do you have to pay extra for housing during the breaks? Are meals included? Does the cost differ according to the housing you choose? Also, determine which costs are billed by Penn State and which you will pay directly to the host institution. Currency exchange rates can fluctuate sharply. Be aware of the value of the US dollar to the local currency and consider this factor in the budgeting process. Keep in mind that you will likely need more money during the first month to cover initial, one-time expenses (commuting passes, household items, etc.). Be sure to discuss this with your parents if they are helping you pay for this education abroad experience.

Determine Your Education Abroad Budget

As part of the planning process, it is important that you understand what you are comparing when looking at program costs. The following table shows the cost of a typical semester at Penn State compared to a semester abroad. To fill in the comparison worksheet with your study abroad program information you should search for your program, and then open the budget sheet located near the top of the program information page for estimated costs. There are several costs associated with studying abroad that may appear unfamiliar to you. Understanding your study abroad semester bill will help you budget for your education abroad experience.  

Budget Planning Worksheet
Costs of Typical Semester at Penn State   Costs of Education Abroad Program  
Penn State Tuition (PA Resident at University Park Campus) $9,414 Penn State Tuition (In-State/Out-of-State) $______
Education Abroad Program Fee N/A Education Abroad Program Fee $______
Activity Fee $96 Activity Fee N/A
Facilities Fee $126 Facilities Fee N/A
Education Abroad Admininstrative Fee  N/A Education Abroad Administrative Fee $250
Information Technology Fee $252 Information Technology Fee $252
Room (Standard Double On-Campus) $3,090 Room $______
Board (Base Meal Plan On-Campus) $2,305 Board $______
Health Insurance N/A Health Insurance $______
Airfare N/A Airfare $______
Books and Supplies $700 Books and Supplies $______
Travel and Excursions N/A Travel and Excursions $______
Daily Transport N/A Daily Transport $______
Passport and Visa N/A Passport and Visa $______
Personal Expenses $2,000 Personal Expenses $______
Miscellaneous $200 Miscellaneous $______
TOTAL COST $18,183 TOTAL COST $______