One of the largest misconceptions about study abroad is that only students without financial aid can afford it. However, every year students with high, moderate, and low financial need journey across the globe to take advantage of study abroad programs. The key to making study abroad affordable is planning ahead and deciding on a budget that will be most appropriate for you. Georgetown financial aid covers semester and full year programs and a plethora of scholarships can also be found both through Georgetown and outside of Georgetown. The Bejamin A. Gilman scholarship is particularly noteworthy: the Gilman is a grant program that enables students of limited financial means to study or intern abroad. This scholarship is available to U.S. citizen undergraduate students who receive Federal Pell grant funding. Whether you desire to apply for a summer, semester, or full-year program, planning remains key in budgeting for program expenses and seeking out additional aid.
- How will I budget for study abroad?
- What expenses can I anticipate to help avoid unexpected costs?
- Will I travel in my spare time? How will I budget for this?
- What financial barriers may I run into?
Before You Go:
- Look at your program’s budget in the Finances & Funding tab on your myGUABROAD program brochure.
Let your OGE Advisor know that you would like to discuss finances and budgeting during your individual appointment.
- Create a realistic budget for personal expenses that may not be captured in the program budget.
- Research scholarships, particularly Access Scholarships.
- Start putting a little away each paycheck to save.
- Consider fundraising for your study abroad program.
- Talk to previous students about how they budgeted for study abroad.
- Talk to your financial aid counselor in OSFS and research study abroad scholarships.
Economic Diversity Resources:
- Read more about the Gilman Scholarship and check in with the Georgetown Office of Fellowships, Awards, and Resources (GOFAR) on preparing a strong application.
- Diversity Abroad has a diversity and inclusion abroad guide for underrepresented students in study abroad.
- Fund for Education Abroad provides scholarship support to students who are underrepresented among the US study abroad population.