Studying abroad requires advanced financial planning, so you will need to know your personal and family resources as well as how studying abroad will impact your financial aid eligibility for the time that you are abroad.
If you receive financial aid and want to take eligible aid with you when you go abroad, you are required to complete a Budget Sheet (PDF). Students going on exchange and direct enroll programs will have their budget sheets completed for them by their study abroad advisor. Students going on external programs must complete a budget sheet themselves. Complete it according to the cost of your program. Attach any and all cost documentation to your completed budget sheet and bring it to Student Financial Services. If you need assistance filling out your budget sheet, contact OIE to schedule an appointment.
Finances of UVM Semester Programs
Students participating in UVM semester programs pay their usual tuition to UVM. UVM grants and scholarships are eligible for use on these programs, as is federal financial aid.
Finances of Exchange Programs
Currently, Vermont resident students pay the UVM in-state tuition rate, and out-of-state students pay tuition at the “exchange rate” which is equivalent to a 40% reduction on out-of-state tuition. Financial aid, including UVM grants and scholarships, can apply to exchange programs. UVM grants and scholarships are reduced for out-of-state students to account for the reduction in tuition.
Finances of External and Direct-Enroll Programs
Students participating in approved programs sponsored by other U.S. institutions will not qualify for UVM grants and scholarships during their time abroad, but may continue to use federal and state aid to assist in financing their study abroad programs. Additional information is available from Student Financial Services.
Financial aid packages will be recalculated to reflect the costs of the study abroad program. Parent PLUS and alternative loans are available through federal and private loan providers to help finance external programs. Your financial aid eligibility will be reduced if your total program cost is less than the standard cost of enrolling for the same period at UVM. Notify Student Financial Services promptly of any changes to the costs or course load associated with your program. If you receive outside grants or scholarships, be sure to check with the sponsoring organization about how these benefits or scholarships might be applied to costs for your study abroad program.
Finances of UVM Short-Term Travel Study
Students who participate in short-term travel-study courses pay tuition directly to UVM. Tuition for winter break courses is included in your spring course load, unless you register for more than 18 credits or unless you are enrolled in a study abroad program for spring semester in which case tuition charges are additional.
Study Abroad Fee
Students who study abroad for a semester or any non-UVM summer program pay a study abroad fee. The fee is $500 for a semester or full-year program and $250 for summer programs not run by UVM. The fee covers the following:
- Allows you to remain enrolled as a full-time UVM student, ensuring continued student status for health insurance coverage and, when applicable, financial aid.
- Allows you to register for the following semester's classes at UVM at the same time as on-campus students.
- Facilitates your credits to transfer back to UVM upon successful completion and review of course material.
- Provides you with UVM supplemental overseas emergency assistance while abroad.
- Provides UVM administrative support services while abroad including access to study abroad, Transfer Affairs, and Student Financial Services advisors, as well as access to the UVM library.
- Enrolls you with International SOS, UVM's health and safety emergency services provider.
Scholarships and Financial Resources
To assist you in funding your study abroad experience, OIE has compiled a list of scholarships and grants available for study abroad. This list is meant to be a starting point for you and is not comprehensive. Check with individual organizations and programs to find the most up-to-date, complete, and accurate information.
- Buckham Overseas Program Travel Scholarship
- Contact the English department for more information.
Government and Non-Profit Funding:
- Benjamin A. Gilman International Scholarship: Open to US Citizens with Pell Grants who are planning to study abroad for at least three weeks in the same country. Applications are due early October for Spring programs, and early March for Summer/Fall programs. About 1/3 of students who apply receive a scholarship of some amount (up to $5,000)!
- Fund for Education Abroad
- German Academic Exchange Service Undergraduate Scholarships
- Institute for International Education
- IIE Generation Study Abroad Travel Grants: UVM students with financial need who are U.S. citizens or permanent residents are specially-eligible to apply for the IIE Generation Study Abroad Travel Grants ($2,000 each). Applications for Fall programs open in January and are due March 4, 2018.
- French Embassy Matching Grants
- Education New Zealand Generation Study Abroad Travel Awards
- ISEP Scholarships
- Killam Fellowships (for study in Canada)
- Rotary Scholarships
- National Security Education Program Boren Awards for International Study
- Scholarships for Japan Study Abroad
- Diversity Abroad
- USA Study Abroad
Visit the UVM National Scholarships & Fellowships Advising website for additional guidance regarding the government and non-profit scholarships above.
Many of our approved external study abroad programs offer scholarships to their participants. Be sure to research scholarship opportunities available through the programs you are considering.