Study Abroad: Getting Your Money's Worth
By: - (justin) 2007.09.18
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Studying abroad used to be an expense only available for the very rich.
However, financial aid is changing this, making the opportunity to study
in another country an excellent opportunity.
Sometimes. According to NAFSA's guide to education abroad, "some financial
aid offices still resist awarding federal or state aid to eligible students.
There are a variety of reasons for this opposition, including the lack
of sufficient institutional moneys, the extra work involved in giving
aid to students away from the home campus, and the feeling that study
abroad is a frill." In a business sense, a school that helps a student
apply for a program and financial aid outside its campus is spending
money on the staff to prepare that student to go abroad, handing financial
aid and grants to the outside school or organization, and finally giving
that student credit upon return without making a dime.
The key to the financial process is to find the person responsible
for overseas financial aid, find out your elegibility through your campus
school or outside sponsored-program, and the best ways to apply for
that aid.
Scholarships
Many study abroad programs offer scholarship opportunities for eligible
students applying through their program. Outside of these schools there
are few general scholarships for undergraduate students.
Rotary International also gives substantial scholarship money
to eligible students. Applications are usually through local districts,
which get funneled to headquarters for final approval. www.rotary.org
NSEP offers scholarships for graduate students studying abroad.
Awards are significantly higher than most others. Students are required
to work with the federal government or in higher education upon return.
www.ndu.edu/nsep
Student World Traveler offers a variety of travel grants and
overseas excursion scholarships for those planning to go abroad.
Books
Financial Resources for International Study: Guide for U.S. Students
and Professionals
$39.95
ISBN 0872062201
Free Money for Foreign Study - A Guide to More than 1,000 grants
& scholarships for studying abroad. Laurie Bloom.
$14.95
ISBN 0816027102
International Studies Funding and Resources Book. G. Gutierrez.
$97.50
ISBN 094525795
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