Budgeting and Aid

 

Education Abroad Cost and Budget 

 

It is important to understand and estimate the full cost of your education abroad program. There are education abroad experiences to fit every student's budget. 

(Photo by Amol Tyagi on Unsplash)

Three key factors that will affect your cost:

  1. Destination - Where you go affects how much it will cost, such as some countries have a higher cost of living and some destinations might have a higher airfare. You may use the Department of State's Foreign Pier Diem Rate as a reference. 
  2. Provider - The program fees vary across providers. Please check various providers for their programs and pay close attention on what is included in their program fees.
  3. Travel Date - The time you go will affect how much it costs. Summers are generally cheaper than Semesters. But there is no financial aid associated with summer sessions. 

General Costs of Education Abroad Programs  

Semeser-long education abroad programs via providers can cost anywhere from $13,000 to the low $20,000. The majority of programs will cost between $16,000-$18,000 per semester.

Providers's education abroad programs can cost anywhere from $6,000 to $9,000 for a summer session.
Participating in Stockton's short-term faculty-led programs costs from $2,000 to $4,500. 
You will pay regular Stockton's Tuition and Fee. You will pay host institutions' fee, housing, and meals, and other expenses. Please see Stockton's Global Partner Institutions for detailed cost on various campuses. 
You will pay host institutions' tuition, fees, housing, meals, and other expenses. 

Planning Your Budget  

You need to calculate the estimated expenses of your education abroad programs, including the following items: 

Program Fee

You will find the program fee on the providers's webpages, OGE webpages (for Faculty-led Programs), or host institutions webpage (for Exchagne Program and Petition Programs).  

Stockton Education Abroad Fee

A $200.00 fee for the University's matriculated students and a $300.00 fee for non-matriculated students

Provider's Application Fee/Deposit

Usually non-refundable, but it might go towards the overall cost of the program.

International Airfare

A round-trip airfare

Housing

Housing cost might be completely or partially included in the Program Fee.

Meals 

Meals could be completely or partially included in the Program Fee.

Passport Application

Please check the Department of State's U.S. Passports webpage for more details on locations, application, and timeline. 

Visa Cost 

Please check the Department of State's Travel webpage to see whether you need a visa to your destination country.

Health Insurance and Immunizations

You might need to purchase extra health insurance for your education abroad programs. Please check the Department of State's Travel webpage to see whether you need any immunizations to enter your destination country.

Books and Supplies 

You may check the Program fees to see whether it will cover some books and supplies. For Exchange and Petition Programs, make sure to read the syllabi for reading materials. 

International Phone or Phone Plan

Please check with your phone company to see international plans. 

Local Travel 

You may take the advantage of weeks to experiene more places of your destination country. You may purchase some public transportation passes. 

Additional Expenses

This include personal needs, laundry, cultural activities, emergency fund, etc. 

You can check the Cost of Living of your destination here. 

You need to calculate the estimated funding you might receive or contribute to your education abroad programs, including the following items: 

Estimated Financial Aid

You can use financial aid for your education abroad programs, including Federal Aid, private loans, grants. *Please contact the Office of Financial Aid to discuss various options of financial aid.

Stockton University Education Abroad Scholarships

Please see the Education Abroad Scholarships for details. 

Stockton Foundation Scholarship on Education Abroad 

Please see the Education Abroad Scholarships for details. 

Other Education Abroad Scholarships

Please see the Education Abroad Scholarships for details. 

With an estimated expenses and an estimated funding, you will be able to calculate an estimated cost of your education abroad program. 

You may use this OGE Education Abroad Budget Worksheet to calcuate your overll cost.  This Budget Worksheet gives you a detailed breakdown of your education abroad program. Please bring it with you to discuss with Office of Global Engagement. 

To make this appointment, email us today!

Stockton Education Abroad Budget Worksheet

 

Keep In Mind

 

Another way to see the cost of your education abroad program is that Stockton does not collect money from you during your abroad, and all of these money are spent on your education abroad programs.

Example: If it costs you $14,000 for a semester at Stockton for tuition, fees and room & board, and if your education abroad program estimated full cost is $17,000!

Abroad Estimate:          $17,000*
Campus Estimate:        $14,000*
Estimate Extra Cost:    $3,000*

*This is an example. Please meet with Office of Global Engagement for a more accurate cost calculation for your program.

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(Photo by Nikita Kachanovsky on Unsplash)