You are about to embark on an exciting and life-changing journey of academic enrichment and self-discovery. We are so excited for you and will be here every step of the way!
Don’t let financial matters deter you from study abroad!
Finances are often said to be a barrier to studying abroad. However, it is definitely feasible through financial aid, scholarships, community-based funding, and proper planning. We are committed to helping you navigate these resources in order to help facilitate your experience.
When you are determining what study abroad program is right for you it's important that you understand the different financial responsibilities with each program. Each exchange and faculty-led program has an Estimated Cost Sheet on it's page outlining what we estimate your costs will be. You control many of those costs and it's important that you consider daily costs, including luggage fees, communication (cell phones and data plans), local transportation, souvenirs, spending money and other personal expenses when creating your budget. Costs depend highly on location and lifestyle.
|SHSU Tuition||Your usual SHSU tuition rate based on number of credits||Your usual SHSU tuition rate based on number of credits||None|
|SHSU Fees||All mandatory SHSU fees less $275||All mandatory SHSU fees less $275||None|
|Study Abroad Service Fee||$200||$200||$200|
|International Medical Insurance||Varies by program||Varies by program||Included in most programs|
|Program Fee||None||Varies by program||Varies by program|
|Additional Costs||Airfare, passport, visa, meals, educational expenses (see your program for specific details)|
Student’s enrollment in a program of study abroad approved for credit may be considered enrolled at SHSU for the purpose of applying for assistance under the Federal Student Aid programs. It is possible to apply financial aid towards the cost of all programs offered by SHSU’s Office of International Programs. Even if you believe you are not eligible for financial aid or have not received it in the past, consider applying for the time when you’ll be abroad.
When to Apply
Complete your Free Application for Federal Student Aid (FAFSA) early. Applications for the following academic year are available October 1.
Due to the funding limitations of some programs, it is recommended you complete your FAFSA by March 15. This also allows Student Financial Aid and Scholarships to complete your award processing early.
How to Apply
- Apply for a Federal Student Aid ID (FSAID) at www.fsaid.ed.gov. This is used to sign your FAFSA. A parent must also apply for an FSAID if you are considered a dependent student.
- Complete your FAFSA online at www.fafsa.ed.gov. SHSU’s school code is 003606.
Assess your Eligibility
The SHSU Financial Aid and Scholarships Office generally allocates the maximum award possible to students based on need and cost of attendance. However, there is still an opportunity to increase your eligibility. Your study abroad advisor can provide you with a Budget Increase Form for SHSU Study Abroad Programs if you wish to request an increase in your financial aid award.
Note: This does not guarantee that the amount of scholarships, grants, and/or most loans can be increased.
Using Financial Aid for Study Abroad
Most financial aid, scholarships and grants can be used towards a study abroad program as long as you take academic credit towards your degree. However, there are some forms of financial aid that cannot be applied to the final program fee balance. Check with your donor or department to determine if you are eligible to use your award for study abroad. You must notify the OIP and Financial Aid if you withdraw from your program. Repayment of any federal aid already disbursed will be required.
Faculty-led and Exchange Programs
Students participating in faculty led or exchange programs pay their normal SHSU tuition. Any financial aid received will apply to your student account as normal to pay charges on your account. Contact the Bursar’s Office for any disbarment questions. Be aware that not all scholarships will disburse before faculty-led program fees are due; therefore, students should expect to pay at least some of their study abroad costs before being able to access scholarship awards.
Affiliate program participants will be responsible for paying program providers directly. Any aid disbursed will be refunded to you based on your refund preferences unless you have a remaining balance from a previous semester. Not all scholarships will disburse before program fees are due; therefore, students should expect to pay at least some of their study abroad costs before being able to access scholarship awards.
Summer Financial Aid
Visit www.shsu.edu/dept/financial-aid for current information.
- Enroll in SHSU summer courses (minimum of 6 credits for undergraduates; 3 credits for graduates)
- Valid FAFSA for the current school year. Summer is part of the previous fall and spring academic year
- Complete the Summer Financial Aid Application on www.mysam.shsu.edu
Eligible students will receive summer financial aid notifications via email with further instructions.
Aid will be disbursed by the first day of classes at SHSU or the first day of your program, whichever is latest.
Summer funding is limited to your financial aid package from the preceding academic year. If you are able to save some financial aid from fall and spring semesters, you may be able to apply the remaining funds to your summer study abroad program.
Grants & Scholarships
There are many study abroad scholarships available from different sources. Most are competitive and will require some effort and planning on your part, but don’t let that stop you! Contact your study abroad advisor for more information about specific scholarship opportunities. Scholarship opportunities can be found at our Study Abroad Scholarships page.
Money Management & Resources
The key to success is to start planning at least a year in advance. This gives you time to estimate total costs and develop a funding plan. If costs are a concern, shop around to find programs that best fit your budget.
See Student Money Management Center’s Count Down to Study Abroad for a detailed recommended timeline.
Financial Coaching Session
All students applying to study abroad must complete a Financial Study Abroad Coaching Session with the Student Money Management Center. Your coach will help you financially prepare for your study abroad experience. They will help you create budgets, explore various funding options, and create financial plans. Visit www.shsu.edu/dept/smmc/ to set up a personal coaching session.
Budget for your Program
Use the Student Money Management Center's Study Abroad Budgeting sheet to help you plan.
- When you are planning for your trip, learn the equivalent value of the currency you will use. Sites like Oanda can help you.
- Determine your “income”- scholarships, grants, loans, and savings.
- Figure out your pre trip needs - tuition, transportation, baggage, insurance, phone plan, emergency fund, etc.
- Figure out your in-country expenses: housing, food, transportation. Check out a cost of living calculator - www.numbeo.com/cost-of-living/
- Figure out your wants - excursions, souvenirs, entertainment, etc.
- Continue to manage your money and find ways to save before and DURING your trip.
- Purchase airfare using frequent flyer miles
- STA Travel Book Now, Pay Later Program
- Search for flights with student rates
- Parents and extended family
- Religious community and/or organizations
- Cultural and/or ethnic organizations
- Garage sale
- Sell food such as homemade tamales or host a bake sale
- Create and sell t-shirts
- Odd jobs
- Request funding for gifts, such as birthdays, holidays, and other special occasions
- Write articles or podcasts for local news outlets
- Crowdsourcing via GoFundMe, FundMyTravel, and Indiegogo
Get a part-time job
- On-campus jobs: offer flexible student schedules
- During the summer: when you have more time
- An alternative job with less hours: officiating sports, babysitting
Think outside the box! From garage sales to selling handmade crafts, students continually think of new ways to raise money to study abroad.