For many students cost is a deciding factor for studying abroad. Financial resources may seem few and far between,
but with some research and financial advising, you will be well on your way to identifying those funding opportunities that apply to you.
It is very important for you to check with the financial aid office regarding your current financial aid situation and how it can be applied to your study abroad program. If you haven't applied for financial aid but would like to, you will need to complete a Free Application for Federal Student Aid (FAFSA) form. You can access and complete this form online or you can pick up a paper copy from the financial aid office.
In most cases, a student’s federal financial aid can be applied to study abroad. The Office of Study Abroad works closely with the financial aid office with respect to fee schedules for each program. If there is a difference in the amount that financial aid will cover and the actual cost of the program, the Office of Study Abroad will provide you with ample time in order to seek funding from other sources.
The Office of Study Abroad recommends that your financial aid search include sources that base its awards on factors such as grades, course of study, location of study, volunteer work, etc. Listed here are just a few sources of funding for financial aid to get you started. Take a few minutes to look through them and continue to search for sources applicable to you.
Many local organizations may have scholarship money available to undergraduate students who volunteer in the community. Please spend some time researching these sources.
While financial aid is available for study abroad, it is also important to budget for personal and incidental expenses.
You will need money for books, entertainment, toiletries, gifts, local transportation, and independent travel. For some programs some or all meals and housing are included in your program fee. If your program fee does not include these, you will need to budget accordingly.
Room & Board
Housing deposits (if required)
Airfare and other travel costs
Meals (varies by program)
Travel documents (passport, visa, etc)
Managing Expenses Overseas
Fluctuations in currency exchange rates and inflation must be considered in preparing a budget. In general, the cost of living as a student abroad is comparable to the U.S.; however, the exchange rate, the added cost of independent travel, along with the impulse to splurge, make careful budgeting imperative. It is always helpful to have some of the local currency on hand. However, the almost universal acceptance of credit and debit cards, make them a safe alternative to carrying around cash.
Any Campbell University student who travels abroad must be covered by our mandatory study abroad insurance. Coverage is administered by HTH Worldwide.