A study abroad program is a great way to not only meet your SUNY Cortland degree requirements and experience the world. You likely have many questions about the cost of studying abroad and about how you can fund your experience
How much does it cost to study abroad?
The cost of your study abroad program will depend on many factors, including your destination country, the type and length of your program, and what is included in the program cost. Be sure to consider costs beyond the program fee, which may include passport, visa, airfare, immunizations, local transportation, meals, books, insurance, and incidentals all of which may be considered out of pocket expenses.
Speak with an International Programs advisor to discuss the program and obtain a budget sheet that gives you estimate of that programs specific costs. This will help you sort through the various costs you may encounter.Exchange rate: Remember that currency exchange rates fluctuate constantly. Visit an online currency converter to stay abreast of the latest rates.
Program duration/timing: While short-term programs may be less expensive, you may find that there are more resources available to you for semester- or year-long study. Some costs do not change according to the length of time you are abroad.
How can I fund my study abroad experience?
There are a variety of financial assistance options available to undergraduate students participating in approved study abroad programs. Be sure to apply for any and all scholarship opportunities you may qualify for. Take time and meet with your financial aid advisor who will review your package to determine if you are eligible for additional funding. When studying abroad thru SUNY Cortland your original aid package applies toward your semesters costs. If additional funding is needed you may apply for the following:
Parent Plus – This is a loan that is taken out and paid back while the student is in college over a 10 year period. This has a fixed interest rate of 8.5%.
Education Alternative Loan – This is loan in the Student’s name. There is no cap on the interest, it accumulates interest as attending and it is in conjunction with Prime Rate.
Important information
The classes taken must fit into the CAPP report to get Federal Aid. If the classes are not toward your degree you can still Study Abroad but you would need to consider other funding options.
An increase to the base budget up to $4200 can be made to allow for additional borrowing eligibility.