Student Identities Abroad: High Financial Need

Economically disadvantaged students often face unique challenges in comparison to students with no economic concerns. These students may wonder how they will afford their tuition, rent, food, other bills, and more. Often, these students work part- or full-time while attending university courses. Not to mention, they are also trying to balance their social lives and university experiences. With many obstacles, study abroad opportunities may seem far-fetched to these students. As such, financial need is one of the most common reasons students abstain from studying abroad. However, with a mix of financial aid and available scholarships, study abroad can be attainable to students in any socioeconomic environment. In fact, depending whether or not a student lives on campus or at home, it often can be cheaper to study abroad for a semester than to stay at RMU. Many students are unaware of the various opportunities provided, so this informational page serves as a concentrated outlet for students with high financial need.

Questions to consider with an Advisor/by yourself:

Budgeting & Payments

• When are my bills due?
• Are there alternative payment options for my program?
• What are the estimated living costs for my program?
• What is the exchange rate and cost of living difference in my host country compared to home?
• If I’m receiving funds from back home, how can I access them?

Financial Aid & Scholarships

• What is the financial aid process for my home university and my program?
• Am I eligible for additional aid through my program, home university, or department?
• Does my program offer early application deals, such as flight vouchers?
• What scholarship opportunities does the Study Abroad office have?
• What other resources can I use to afford my program? Fundraising? Crowdfunding?

Program Selection

• Will the length of the program affect the cost? Can I go for a shorter amount of time?
• What is the estimated cost of my books and school supplies?
• What is the estimated cost of living in my host country in comparison to my budget at home?
• Is there economic housing available through my program?

Travel

• Does my program provider offer flight vouchers?
• When is the best time for me to book my flight?
• Are some airlines more expensive than others?

Scholarships:

• Benjamin A. Gilman International Scholarship: The U.S. Department of State’s Benjamin A. Gilman International Scholarship is a grant program that enables students of limited financial means to study or intern abroad, thereby gaining skills critical to our national security and economic prosperity.
• Freeman-ASIA Scholarship: For U.S. undergraduate students with demonstrated financial need planning to study in East or Southeast Asia for academic credit.
• Fund for Education Abroad: FEA awards up to $10,000 for students who plan to study abroad. FEA gives preference to students with high financial need, first-generation college students, and minority students.
• Additional Scholarship Opportunities Listed on the RMU Abroad Website

Resources:

• Budget worksheets for a semester abroad or a summer abroad
• Tax Worksheet for students receiving scholarships or grants for semester or summer abroad programs
• Diversity Abroad Blog: This page has resources for underrepresented students to get started with scholarships and major funding sources.
• GoAbroad Savings Blog: Before you apply for your dream study abroad program, consider these important factors and skills so you can have the best possible experience without breaking the bank.
• ISEP Financial Information Page: Use this page to budget for study abroad, planning finances, and more.