Your Guide to Study Abroad Financial Aid: FAQs Answered
Authored By:
Planning an international experience is exciting – but figuring out how to pay for it can feel overwhelming. The good news? Financial aid and study abroad can absolutely go hand in hand. This guide answers the most common study abroad financial aid FAQs so you can move forward with confidence.
Study Abroad Financial Aid FAQs
Below are answers to the most common questions about financial aid and study abroad, from costs and eligibility to scholarships and application timelines – so you can plan your experience with clarity and certainty.
How much does study abroad usually cost?
If you’re wondering how much does study abroad usually cost, the answer varies widely depending on location, program length, and inclusions. Some programs can cost about the same or less as a semester on your home campus, while others may be higher depending on travel and living expenses.
A helpful way to think about it: tuition, housing, meals, flights, and personal spending all factor into your total cost. For a deeper breakdown of cost expectations, check out our study abroad cost guide!
Can financial aid be used for study abroad?
The answer is often yes! In many cases, the answer to “does financial aid cover study abroad” depends on whether your program is approved by your home institution. If it is, federal aid (like FAFSA), institutional aid, and even some scholarships may transfer. Always check with your financial aid and study abroad offices to confirm how your specific package applies.
Does financial aid cover summer study abroad?
The answer is often no, or at least more limited than during the academic year.
Most traditional financial aid is tied to fall and spring semesters due to credit requirements, so summer study abroad programs may not qualify for the same level of funding. Because of this, students typically rely more on scholarships, grants, or personal funding for summer programs – making it especially important to plan ahead and apply early for available awards.
Be sure to check with your study abroad and financial aid offices to confirm how it works for your home institution!
What is NOT covered by financial aid study abroad?
While aid can significantly reduce costs, it’s important to understand what is not covered by financial aid study abroad.
Typically, financial aid does not cover:
- Personal expenses (shopping, gifts, entertainment)
- Passport and visa fees
- Optional excursions or travel upgrades
- Extra meals beyond program meals
- Unplanned travel or emergencies
Budgeting for these out-of-pocket expenses is key to avoiding surprises.
Who qualifies for study abroad financial aid?
Eligibility often depends on:
- Enrollment in an approved study abroad program
- FAFSA submission and demonstrated financial need
- Academic standing
Program type and location
Even if you don’t qualify for need-based aid, many merit-based scholarships and grants are available.
When should you apply for study abroad funding?
Timing matters. Understanding when to apply for study abroad funding can make a big difference in how much support you receive.
In general:
- Start researching funding options 6-12 months in advance
- Submit FAFSA as early as possible
- Track scholarship deadlines (often several months before departure)
Applying early increases your chances of securing the most funding.
How to apply for financial aid for study abroad?
If you’re unsure how to get financial aid for study abroad, follow these steps:
- Meet with your home school’s financial aid and study abroad offices
- Complete the FAFSA (if you haven’t already)
- Confirm your program’s eligibility
- Apply for study abroad-specific scholarships
- Keep track of documents and deadlines
Being organized and proactive is key to maximizing your funding opportunities.
What types of grants and scholarships are available for study abroad?
If you’re asking what types of grants are available for study abroad, CIEE offers a wide range of funding opportunities designed to make global experiences more accessible.
Through CIEE, students can apply for scholarships and grants across three main categories:
- Need-based scholarships: These are awarded based on financial need, typically determined by your FAFSA (Student Aid Index). Examples include travel grants and program fee support to help reduce overall costs.
- Merit-based scholarships: These scholarships recognize academic achievement and reward students who demonstrate strong performance in their studies.
- Program- or student-specific funding: CIEE also offers additional awards for certain programs, backgrounds, or goals – such as funding tied to specific destinations, fields of study, or student populations.
CIEE awards millions of dollars in scholarships and grants each year, and the best part is that you’re automatically considered for many opportunities when you complete the Scholarships & Grants section of your program application.
For more specific information, visit our scholarship and grants page!
Explore Financial Aid-Friendly Study Abroad Programs with CIEE
Navigating financial aid and study abroad doesn’t have to be complicated. With the right planning – and the right program – you can make your global experience affordable.
CIEE offers a wide range of programs designed with financial accessibility in mind, including scholarships and support every step of the way. Start exploring your options and take the next step toward studying abroad with confidence!