How to Pay for Studying Abroad

One common misconception about studying abroad is that it is unaffordable. Not only is this not the case, but very likely if you are able to afford tuition at a U.S. based institution you can most likely afford studying abroad.

Student Loans

Most students will typically use student loans to help pay for their U.S. tuition. Studying abroad can be financed exactly the same way. Depending on whether you are studying abroad for a semester or a full year, most likely your loans will be available to help cover your study abroad costs. In many cases there may be extra costs and you'll end up paying a little more than you would staying home. Though, if you think of the extra cost as an investment in yourself, this is an investment worth making. If you want to see why check out our Study Abroad FAQ which outlines some of the reasons why employers are searching for people with international work and study experience.

Study Abroad Scholarships

There is a plethora of study abroad related grants, fellowships, and scholarships available to students, some of which aren't even being taken advantage of. After you have determined the cost of your program put together a budget to help determine how much extra money you would need and could potentially borrow if it can't be attained via a scholarship. The Fulbright program is sponsored by the U.S. State Department and pays full tuition and travel costs for current and recent graduates to study abroad in over 140 countries.

Consider Teaching or Volunteering

If you are unable to afford paying for studying abroad or just don't want to accrue the student debt, you can also consider one of the hundreds of paid teaching and volunteer opportunities available. You can also create your own rewarding international experience by doing an extended trip abroad on a budget, and may students find that they even prefer to look for work or an internship after graduation in lieu of the traditional study abroad experience.