Financing Your Education Abroad
When you plan your education abroad experience, it is important for you to consider financial aspects of your program from the beginning. Make sure you understand how much your program is going to cost you, what it includes, what other expenses you should anticipate, and ways to fund your time abroad.
Depending on the type of program you select your payment plan may vary. In general, four payment plans exist:
Affiliated Study Abroad Program
You pay charges to the program provider. Most program providers require all charges be paid in advance, but payment plans can be established to work around financial aid issues.
You pay tuition to UNC. In some cases that will include the program fee. Other times the program costs will be paid directly to the program provider.
International Student Exchange Program
You will receive an invoice from the UNC study abroad coordinator and pay fees directly to ISEP. Some ISEP programs only include tuition and room and meal expenses will be paid in the country.
National Exchange Program
You pay normal tuition and fees to UNC while paying for room and board to the host institution.
Depending on the program, different fees and costs apply for study abroad programs. In general the following costs are applicable:
Fees for UNC affiliated programs usually cover the costs of:
- Local transportation
Fees for UNC Exchange Programs usually cover:
- Administrative Fees
- Pre-departure Mailings
All students who study abroad must pay a administrative fee that directly supports the study abroad operations within CIE.
- Semester Programs: $330
- ISEP Programs: $200
- Faculty-Led/Non-credit and International Student Teaching: $150
This charge is billed to the student's UNC account for the terms they are abroad.
There are several other costs that should be taken into consideration when studying abroad, including:
- International and Onsite Transportation
- Passports, visas
- Immunizations/Health Insurance
- Personal Travel
- Housing deposits
- Cost of Living
- Currency Exchange Rate
Financial Aid Abroad
Students with federal financial aid will be able to utilize their award package for the education abroad, credit-bearing program. If you have have completed and submitted your Free Application for Federal Student Aid (FAFSA) you will be considered for federal financial assistance. In order to be eligible for financial aid abroad you must be enrolled full-time (a minimum of 12 UNC credit hours).
To receive financial Aid Abroad students must adhere to all deadlines, policies and procedures of the Office of Financial Aid (OFA) . In addition to the following steps:
Complete the Study Abroad Budget Form (after acceptance to program) and give it to Justin Davis in OFA to approve eligibility.
Enrollment Verification Form
Complete the Enrollment Verification Form for each semester you are abroad and send it to the Study Abroad Director. The on-site international coordinator will also need to sign this form.
Verify Full-time Enrollment
Have the Study Abroad Director verify full-time enrollment and notify the Registrar's Office and OFA.
Your aid will be disbursed to your bank account on file with UNC within a few days of receipt of all completed forms. This means you will need to bring enough money to get by until courses begin.
Study Abroad scholarships
Many scholarships are available through foundations, non-profits, governments, private donors, and UNC affiliated program providers. We strongly encourage you to apply to one or many of them. Of course, this is not a comprehensive list of all the opportunities available so be sure to do your own research.