The Costs of Study Abroad
Bottom line: What should a semester abroad cost in total? Our best guess is between $23,000 and $35,000. In comparison, a semester in Atlanta is projected to cost around $29,000. Why can’t we give an exact figure? Well, we do know one part of the cost for certain—tuition. Every Emory student who goes abroad pays Emory tuition, which is currently around $20,000 for one semester. On top of that, each student pays individually for a visa, food, housing, transport, travel, books, and miscellaneous items. Costs per program vary by (1) cost of living, (2) exchange rate, and (3) budget/lifestyle preferences. Students frequently spend more money while abroad because (1) the flight to school costs more and (2) they travel more during the semester than they would while in Atlanta. As an example, a frugal student could get by on as little as $22,500 in Mexico City, while a high roller in London might spend $35,000.
Before signing on to any program, students should have accurate figures, or at least solid estimates, of the following costs:
Tips for Saving Money While Abroad
Source: Taken from What Parents Need to Know! Before, During, and After Education Abroad by Janet Hulstrand. To order a copy, visit www.nafsa.org
Studying abroad can be affordable! Goizueta undergraduate students participating on a BBA exchange program can continue to use their financial aid and existing scholarships toward their semester abroad. In addition, numerous study abroad scholarships are available through various government and international organizations to help fund other study abroad-related costs such as your airfare, visa, passport, and international living expenses. It is never too early to start thinking about how to finance study abroad!
Students are encouraged to start researching their funding options early on as some scholarships require students to apply a semester or a year before departing overseas. Familiarizing oneself with the scholarship requirements and deadlines is an important step in preparing a successful application for scholarship consideration.
Things to consider before applying.
Students going to Beijing can apply for Chinese governmental scholarships, http://www.csc.edu.cn/laihua/scholarshiplisten.aspx?cid=105
Financial aid is available for study abroad programs approved through the BBA International Programs office as well as CIPA at Emory University. Interested students seeking financial aid for their program should complete the FAFSA for the appropriate academic period. To assist in the timely receipt of your financial aid and to ensure full consideration for all aid for which you qualify, you must apply by the Priority Date. If you miss the priority date, complete the FAFSA no later than three months prior to your departure date.
The BBA International Programs office will provide, upon a student’s request, the estimated cost for a particular study abroad program. Emory’s Office of Financial Aid may will revise a student’s financial aid awards based on these costs. Additional grant funding may be available to offset work study awards; such eligibility is by request only, and is not an option for students who declined to fulfill a prior work study award. Study abroad students may also offered additional loans — student, parent, or private — as eligibility permits. Visit the Emory Office of Financial Aid site for additional information.