Most students have found study abroad to be one of the best investments of their university careers. The academic, cultural, personal, and professional rewards are life-changing. Like many significant investments, through careful planning, management, creativity, and dedication most students are able to finance an international experience. Please keep in mind that you should allow plenty of time to conduct your financial assistance search, sometimes as much as one year.
Each program’s estimated program budget can be found under "Financial Information" in the Program Details section on the specific program’s page. IE3 Internship estimated costs can be found under "Internship Costs" in the internship description. Make sure to discuss your plans to study abroad and the associated costs with parents and others who are involved in financing your education.
Calculate all your current on-campus costs. Add up your tuition, fees, rent, meals, books, supplies, entertainment, travel expenses (e.g., weekend trip to Portland or the coast, spring break travel), and any other expenses. Visit the Office of Student Financial Aid and Scholarships’ website (http://financialaid.uoregon.edu) to view estimated costs of on-campus attendance. Use your calculation to compare to your estimated costs abroad. Remember to compare the same amount of time on campus to your planned time abroad. Typically, students cannot work while they are abroad.
Consider your academic, personal, professional, and linguistic goals and interests. Review the specific features and costs of various programs to find your best fit. UO Study Abroad advisers can assist you with this. Factors that contribute to the overall cost of a study abroad program include:
Although most forms of UO financial aid may be applied to UO-sponsored study abroad and IE3 program costs, students should be aware that they may need to supplement their standard financial aid package. Remember to complete the Free Application for Federal Student Aid (FAFSA) every year. Several UO General Scholarships can apply to study abroad costs. Continue to apply for these scholarships. All students should read the Financial Aid and Study Abroad page.
As you progress through the application and pre-departure process you will learn more about the billing procedure for your specific program. Most programs require payment prior to the program start date, so please review the billing information for your program thoroughly.
Many general scholarships may be applied to study abroad costs. Make sure to continue to apply for general university scholarships each year. There also are several scholarships specific to studying or interning abroad. Many scholarship deadlines are much earlier than the program deadlines—plan ahead. Visit the Office of Student Financial Aid and Scholarships’ website (http://financialaid.uoregon.edu/) for more information.
Students have used conventional, as well as unique, methods of earning, raising and saving money for their study abroad costs. Visit the Creative Funding Ideas page.
Consider the exchange rate between the dollar and the currency of your host country. To view current exchange rates, visit sites like http://www.xe.com/ucc/ and http://finance.yahoo.com/currency-converter.