Study Abroad - Finances

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The cost of study abroad varies, but can be funded in many ways. You also need to know how you should take money with you overseas.

Funding Opportunities

Fundraising helps make a study abroad program more affordable and allows an opportunity to educate the public. Students can reach out in their local community, region, state or nation. Using resources in a hometown might prove to be a valuable component, especially if a student was active in the community growing up. Some ideas include:

Fundraising helps make a study abroad program more affordable and allows an opportunity to educate the public. Students can reach out in their local community, region, state or nation. Using resources in a hometown might prove to be a valuable component, especially if a student was active in the community growing up. Some ideas include:
Agencies and Foundations
Travel Agencies
Alumni Associations
Professional and Business Clubs
Media (newspaper, radio, TV)
Fraternities and Sororities
Charitable, Ethnic, Religious and Campus Organizations
Chamber of Commerce

When asking for assistance, make sure to have a plan on how to explain your study abroad program clearly. It might be helpful to ask for help in funding a certain part like the plane ticket. Offer some service to their organization or the individual so they can benefit from the experience.

There might be ways to save money now for the study abroad program. Students could consider getting a part-time job if they do not already have one to save additional money. Even raising money by painting, cleaning, or washing cars for a couple hours can assist. Students can have a good amount of money saved before leaving by working or budgeting carefully. Anything saved, earned or gifted to a student is worthwhile and helpful.

Financial Aid

Students are eligible for federal financial aid through the Purdue Division of Financial Aid. The Financial Aid department has developed a study abroad guidebook (37 KB) to help answer questions.

The Division of Financial Aid is located in Room 305 of Schleman Hall and can be contacted at 765-494-5050. Please ask for the specialist in charge of study abroad.

Program Fees

The cost of study abroad varies on the program depending on the value of the U.S. dollar, plane tickets, location of travel, and what cultural experiences are included. The Gallagher Koster Insurance plan is approximately $40 per month and included in the cost.
To find a specific program fee click on it under Programs or contact IPIA.

Paying

The acceptance letter that is mailed to the students notifies them of the due date for the $300 deposit. Each student is required to turn in an agreement form with a deposit of $300 to IPIA. The $300 deposit secures a spot and cannot be refunded unless the program is cancelled. IPIA cannot take cash deposits. Checks can be made payable to Purdue University. IPIA sends the $300 deposit to the Purdue Bursar's office so it can be taken off the bill.

The Purdue Bursar will bill the student for their tuition/fees and the rest of the program fees. All fee payments are to be made directly to the Purdue University Bursar's office. Payments must be made in full to the Bursar by the requested deadline, otherwise the registration at Purdue will be cancelled. Late registrations result in a $200 late registration fee.

Scholarships & Grants

Many scholarships and grants are available.

Money Overseas

Students will handle money overseas a little different than in the United States.