How To Secure The Funds You Need To Study Abroad
There are many ways that students can secure funds to study abroad. Students use their financial aid resources and student loans to pay for their abroad program. Many also compete for various scholarships, grants, and fellowships to finance the experience. Most often students work hard and save for the experience of a lifetime! Typically, the average student combines all three and pulls their resources together to make it happen.
This page will highlight the different types of funding students use to pay for study abroad, such as:
Scholarships, Grants, and Fellowships (click here for study abroad options)
Many students do not realize that they can take most, if not all of their financial aid and use it towards study abroad opportunities. It is important to understand and realize that financial aid is an individual entity – what is available to one person may not be available to another. In addition, some financial aid may not be able to be used outside of FAU. As such, it is important that students make contact with the financial aid study abroad advisor early and remain in contact throughout the process.
The Offices of Financial Aid and Study Abroad have an online brochure to help you understand how the financial aid process works for study abroad students.
Please take a moment to review the guide.
Most important: You must have a current FAFSA (Free Application for Federal Student Aid) on file in order to be considered for any financial aid through FAU. In addition to the FAFSA, students applying for summer financial aid need to complete the summer Financial Aid Application that becomes available online beginning February 1 each year. Summer financial aid is first come first serve, so complete the online application early.
Transcripts and Financial Aid
Overseas transcripts may take up to several months to arrive at FAU and be posted to a student’s academic record. The temporary absence of grades may affect the awarding and release of further financial aid, including Bright Futures, Pell grants, scholarships, grants and student loans. OIP processes transcripts for students going on FAU exchange programs as soon as they arrive and notifies both the student and financial aid once grades have posted to the students account. Students going on affiliated programs or to a direct enroll location are responsible for obtaining their overseas transcript and sending it to the Registrar for recording. When notified, OIP will assist a student having difficulty getting a transcript in a reasonable timeframe. All students are responsible for any follow-up with financial aid after a time abroad, to ensure the timely release of any pending or future financial aid.
A loan is a type of financial aid that must be repaid, with interest. The federal student loan programs (Federal Family Education Loan Program and Federal Direct Student Loan Program) are a good method of financing the costs of your study abroad program. These loans are better than most consumer loans because they have lower interest rates and do not require a credit check or collateral. The Stafford Loans and Perkins Loans also provide a variety of deferment options and extended repayment terms. For these types of loans, please visit the Financial Aid Office and speak with the Study Abroad Financial Aid Advisor.
For those students looking for alternative loans not secured through your home institution, please visit the following website: http://www.fau.edu/finaid/. Under "Other Loans Available" there is information regarding private loans.
A General Directory acts as a one-stop shop to search for funding opportunities such as scholarships, grants, and fellowships. OIP and FAU do not manage or monitor the contents provided on these individual sites. This information is made available solely as a possible resource.
http://www.studyabroadfunding.org is a comprehensive directory of study abroad scholarships, fellowships, and grants to find funding for study outside the US at an undergraduate, graduate, or professional level of study.
International Education Financial Aid (http://www.iefa.org) IEFA is an Internet resource for financial aid information for students wishing to study in a foreign country. At this site, you will find a comprehensive listing of grants, scholarships, loan programs, and other information to assist students in their pursuit to study abroad.
U.S. Department of Education (http://studentaid.ed.gov/students/publications/student_guide/index.html) The Student Guide is the most comprehensive resource on student financial aid from the U.S. Department of Education. Grants, loans, and work-study are the three major forms of student financial aid available through the Department's Student Financial Assistance office.
Scholarships, Grants, & Fellowships
There are numerous funding opportunities available to students, provided they are willing to take the initiative and research those opportunities, and then follow through with the requirements and deadlines for those opportunities. Note that some funding opportunities will require a current FAFSA on file with the Financial Aid Office.
The Office of International Programs has compiled a list of Scholarships, Grants, and Fellowships that are applicable to study abroad and /or pursuing overseas research. The list contains opportunities for undergraduates and graduate students and in some cases, options for post graduate study. The list is updated periodically as new opportunities become available. Please check back often. To access the list please click here
FAU Study Abroad Scholarships are offered by the Office of International Programs towards study abroad programs. For more information and to apply, click here.
What is the difference between a scholarship, grant or fellowship?
Scholarship - A scholarship is an award given to an individual for the purposes of furthering their education. Scholarships are generally awarded based on any number of arbitrary criteria, including: financial need, academic achievement, athletic achievement, public service, nationality or ethnicity. Scholarships are award that do not need to be repaid as long as the student has met all the award recipient requirements such as, maintaining a certain GPA, etc.
Grant - Operate in similar fashion to a scholarship. Grants are given to assist students in funding an educational experience. Grants dos not have to be repaid and are usually based on need.
Fellowship - An award made directly to an individual in support of specific educational pursuits; recipients may be subject to service and/or payback requirements after the fellowship terminates, although often they are not required to be paid back as long as the student completes the project/research in a manner favorable to the Fellowship.
Are scholarships offered by FAU's affiliate study abroad partners. FAU students accepted in an affiliate program are eligible for these opportunities.
AIFS Minority Scholarships
Scholarships are awarded one per semester, full tuition for an AIFS study abroad program. One hundred AIFS International Scholarships are awarded annually---$1000 toward an AIFS program..
GlobaLinks (http://www.globalinksabroad.org/study_abroad/scholarships/) In each academic year, GlobaLinks will award more than $275,000 in scholarships and grants to help students who may otherwise be unable to study abroad and ensure that students have an affordable international experience.
CAPA International Education (CAPA) (www.capa.org)
Offers programs in Australia, England and Italy
CAPA International Education has more than doubled the amount of scholarship money awarded annually to program participants. In addition to the $200 affiliate discount, students will be eligible to apply for need and merit based scholarships. For this fall fifteen (15) $500 scholarships are available for programs in Florence, London and Sydney. CAPA also offers Study Again with CAPA scholarships for students who participate in more than one CAPA program. Please see the link below for more details.
CEA Global Education
You will find several unique scholarship opportunities available to CEA students. These scholarships are open to all CEA program participants that meet the eligibility requirements.
ISA(International Studies Abroad)
ISA awards $40,000 in scholarships each year to students from affiliated universities who are participating in ISA's language-based programs.
CCIS (College Consortium for International Studies) (http://www.ccisabroad.org/financial_aid.htm) CCIS offers scholarships each term to students at member institutions. If your school is a CCIS Member you are eligible to be nominated by your study abroad advisor for a CCIS scholarship.
(http://www.central.edu/abroad/finances/scholarships.cfm) There are two scholarships available for non-Central College students. They are the Vance Scholarship for students from cooperating institutions who have been accepted to one of Central Colleges study abroad programs, and the Merit Scholarship for students who have achieved a 3.6 GPA or above, have excellent recommendations, and have a high motivation to study abroad.
SIT Study Abroad (http://www.sit.edu/studyabroad)
Beginning with fall 2010 programs, SIT will automatically match a student's Pell award, used for a semester program with SIT, thereby placing high-quality, field-based study abroad programs within greater financial reach of a wider range of undergraduate students. To learn more about financing a study abroad program with SIT, and for a list of other SIT Study Abroad scholarships, please visit the financial aid and scholarhip sections of our website.
Scholarships and Fellowships for Students with Disabilities
Mobility International USA maintains listings of many scholarships, fellowships and grants for students with disabilities interested in studying abroad. For more information and current offerings, please visit http://www.miusa.org/ncde/financialaid and http://www.miusa.org/ncde/financialaid/usfellow.
Books on Financial Aid
- Free Money for Foreign Study: A Guide to More Than 1,000 Grants and Scholarships for Study Abroad by Laurie Blum
- Financial Resources for International Study: A Guide for US Students and Professions by Marie O’Sullivan and Sara J. Steen (Editors)
- Peterson’s Scholarships, Grants & Prizes 2007 by Linda Seghers (Book intended for minority students or students with financial need)
Financial Aid Study Abroad Workshops
Study Abroad Financial Aid Workshops will be held each year according to the following schedule:
January – Targeting summer students
April – Targeting fall students
October – Targeting spring students
The specific dates and times of these workshops can be found on the OIP website (www.fau.edu/goabroad) and via flyers both in the Financial Aid Office and OIP.