Study Abroad: Costs, Financing, and Billing

Studying abroad requires financial planning. 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.

You should research and confirm the applicability of the following types of financial resources to your intended study abroad program: Federal aid, State aid, UVM Scholarships, Private Scholarships, College Savings Plans (ex: 529), Grants, Pell Grants, Private Loans, UVM Tuition Remission. 

While the OIE can guide at a high level on the types of UVM scholarships and federal aid that can be applied to different program types, we cannot guide on nuanced financial aid information. For information on how your financial aid package and UVM scholarships might apply to study abroad, consult Student Financial Services and contact them for details on your specific aid package.

This chart offers a high level overview of the financial scenarios for each program type. 

Costs and Aid Applicability Overview by Study Abroad Program Type
Type of ProgramTuitionRoom and BoardStudy Abroad FeeCan UVM Scholarships apply?Can Federal Financial Aid apply?
UVM Semester programsRegular UVM tuitionRoom paid to UVM, board paid by student abroad$500YesYes
UVM ExchangesUVM tuition (in-state or "exchange rate" depending on residency)Paid to host university or to UVM, varies by location$500Yes (adjusted for "exchange rate" of tuition if applicable)Yes
UVM Field Studies in Costa RicaRegular UVM tuitionRoom and board paid to UVM$500YesYes
UVM Travel StudyRegular UVM course tuitionProgram fee paid to UVM includes accommodations and some mealsN/ACheck with Student Financial ServicesCheck with Student Financial Services
ISEP ExchangesUVM tuition (in-state or "exchange rate" depending on residency)Room and board paid to UVM$500Yes (adjusted for "exchange rate" of tuition if applicable)Yes
External Provider Programs, ISEP Direct, Direct-EnrollsPaid directly to providerCosts paid to provider or directly to vendor.$500 for semester, $250 for semesterNoYes

Finances of Different Program Types

Finances of UVM Semester Programs

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Students on UVM Semester programs pay their usual UVM tuition and fees, a program fee that is equivalent to a UVM room rate - either an enhanced double or enhanced single room, depending on the standard room type provided abroad. Some UVM Semester programs have additional fees incorporated into the program fee that are site specific, such as local insurance. This allows students to pay all costs to UVM instead of making multiple different payments. There is no meal plan on UVM Semester programs; students on these programs purchase groceries for themselves while abroad. 

UVM grants and scholarships are eligible for use on these programs, as is federal financial aid

Once accepted, there is a $300 non-refundable deposit to secure a space in these programs.

Finances of UVM Field Studies in Costa Rica

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Students participating in the UVM Field Studies in Costa Rica semester program pay their usual tuition to UVM, plus a program fee. 

UVM grants and scholarships are eligible for use on these programs, as is federal financial aid

Once accepted, there is a non-refundable deposit to secure a space in this program.

Finances of Exchange Programs

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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.  

Some UVM exchanges are all inclusive and also bill UVM housing and meal plan costs which students then receive at no additional charge from the university abroad. UVM grants and scholarships are reduced for out-of-state students to account for the reduction in tuition. For more information, consult Student Financial Services.

Finances of ISEP Exchanges

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ISEP Exchange students pay tuition, room (at the traditional double room rate), and board to UVM. 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. For more information, consult Student Financial Services. ISEP also charges ISEP Exchange students an application fee and a placement fee, see ISEP for current costs.

 

Finances of External, ISEP Directs, and Direct-Enroll Programs

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Students participating in approved programs sponsored by other organizations or 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. Outside of the UVM study abroad fee, bills are paid directly to the outside organization or institution. 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. Federal financial aid will disburse to UVM ten days before the UVM semester begins or your study abroad program starts (whichever is later). That means that you may have already started classes before you receive your federal financial aid. Some external/direct enroll programs will require you to pay for tuition and/or housing upfront, before you receive your financial aid. There may be steps you can take to alleviate this to an extent (like completing payment deferral paperwork, or supplying a letter from SFS that details your financial aid), but not all programs may allow this. Make sure you know ahead of time what your program/host university requires.
 

Finances of UVM Travel Study Programs

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Travel Study programs are UVM courses and, as such, normal tuition and fees apply. Winter break and spring break course charges are applied to the Spring semester bill.  Summer course charges are applied to the Summer term bill. In addition to regular course tuition, a program fee is charged and includes accommodations, in country transportation, activities, and some meals. Additional costs not billed by UVM may include some meals, visas, international airfare and travel costs, health/immunization costs, trip cancellation/travel insurance, and personal expenses that may emerge when traveling internationally. Some courses may have course specific equipment such as specialized clothing/gear. Refer to the specific program’s GoAbroad brochure page to identify what is or is not included for specific programs and to see estimated costs.

Students are charged a non-refundable deposit of $450 (plus 2.85% service fee) to reserve their space following admission to the program, which is reduced from the final program fee amount. 

Refer to the GoAbroad application form to see Travel Study refund policies and timelines. 

Budgeting and Paying for Your Program

Budget Sheets

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Once you are in the post-decision phase of your GoAbroad application, you may need to take steps to transfer any eligible financial aid or scholarships to your study abroad program. Student Financial Services (SFS) reviews each student's Financial Aid Award during the post-decision to determine your requirements to transfer your current scholarships/financial aid for your term abroad. For students receiving aid, next steps depend on the program type. 

UVM Exchange, UVM Semester, ISEP (Exchange and Direct), UVM Field Studies in Costa Rica, Direct Enroll participants: The Office of International Education (OIE) will create a budget sheet and send it directly to SFS.  Once the budget sheet is completed by OIE/SFS, your award will be revised and you will receive a copy of the budget sheet via email for your reference. You do not need to take action to initiate this but will receive email communication from SFS that you should respond to immediately upon receipt.

Approved External Study Abroad Program participants create their own budget sheet if you wish to use loans or scholarships. The budget sheet template is on Study Abroad Forms. Begin creating your budget sheet as soon as you are confirmed for your program. Some general tips for budget sheet creation: 

  • All costs need to be based on evidence that is referring to your period of study abroad (fall/spring/summer). If current information is not available please contact your program provider.
  • For each cost, you need to provide evidence of the cost or supporting documentation. We recommend you create a word document or PDF to save all supporting documentation within. If you are not submitting your documentation electronically make sure to print out all of your supporting documentation prior to arriving to your appointment with SFS.
  • Supporting documentation needs to include it's source, your specific program name, and date. Screenshots must include the website within the screenshot. Acceptable documentation does not include the billing statement received from your program as it is not a list of all charges and costs, usually including only general payment and balance due information.
  • If an exchange rate was used while creating the budget sheet for conversion, include proof of the rate at the time it was referenced. A screenshot added to your word document or PDF.
  • Airfare: If you have not yet purchased your ticket, please complete a sample airfare search (using a website like Google Flights, Student Universe, Kayak.com, etc.) using the appropriate arrival and departure dates, then take a screenshot of a sample airfare from that search and use that as your budget sheet estimate. If you have already purchased airfare, you may use your actual airfare receipt.
  • Student Financial Services will complete the Cost of Living and Student Loan Fee amounts during your budget submission meeting.
  • Remember- the budget sheet lists the total estimated costs of study abroad BEFORE your financial aid is applied. Do not attempt to add in your financial aid- Student Financial Services will be able to calculate how much aid you will receive and on what date, and how it can apply to your study abroad term.
  • OIE staff can help with budget sheets during drop-in hours.

Budgeting for Study Abroad

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Cost is an important factor to consider when choosing an international experience. Not only should you understand the costs of your program but you should also anticipate the other costs that will be associated with your travel. It is important that you understand all of the items and services that will and will not be included in your program. If your support system is involved in supporting your education, you should discuss budgeting, costs, and other financial considerations as part of your study abroad application process.

Cost Planning (we have suggested items to consider as part of a budget determination):

  • Pre-Departure Expenses
    • Airfare
    • Application fees and deposits
    • Passport application fee
    • Student Visa/Residence Permit Application
    • Other possible student visa or immigration costs, such as medical visits, travel to consular office, photographs, FBI background check, express mail fees, etc.
    • Travel, health, or personal property insurance
    • Medical insurance
    • Immunizations, if applicable
    • Housing security deposit (refundable)
       
  • Costs While Abroad (verify what may be included in program cost)
    • Tuition/Program Fees
    • Housing
    • Food/meals (if your program includes a meal plan)
    • Communication (phone, SIM cards, internet, postage)
    • Local transit (bus, subway, trains)
    • Optional excursions offered by the program for an additional cost
    • Entertainment and personal travel (this is often the biggest expense for study abroad students)
    • Course fees
    • Books and other supplies
    • Personal expenses (toiletries, laundry, souvenirs/gifts, etc.)
    • Start-up costs, such as bedding, kitchenware, towels, bathroom items, power adapters, etc.
    • Souvenirs and gifts
    • Emergency cash
    • Medical expenses, such as prescriptions, doctor visits, etc.
    • Other personal expenses

External Scholarships and Financial Resources

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Below is a list of some organizations offering scholarships to 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.

Government and Non-Profit Funding

Visit the Office of Fellowships, Opportunities, and Undergraduate Research for additional guidance regarding the government and non-profit scholarships above.

External Funding

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.

UVM-Billed Charges for Study Abroad

UVM Study Abroad Fee

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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. Students pay the fee through their myUVM billing account, payment is due on standard UVM billing dates. 

The fee covers expenses associated with having personnel, systems, and support available to students both within the Office of International Education and centrally within UVM. When the fee is paid, these additional items are triggered administratively:

  • 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 UVM administrative support services while abroad including access to Study Abroad Advisors, Transfer Affairs advisors, and Student Financial Services advisors, as well as access to the UVM library.
  • Enrolls you with UVM's Travel and Medical Assistance provider.

UVM Policies for Study Abroad Course Registration

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All students studying abroad through UVM are considered active students because of their OSSP registration, which is completed on behalf of students for the applicable term. OSSP courses carry fees that vary by program type and term. Students will also have charges from the host institution or program. If you are unclear about what you will be billed and from whom, consult the OIE. 

Students should additionally understand these key policies: 

Overseas Study Program (OSSP) Course Registration

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When you complete the GoAbroad form "Request Official Study Abroad Registration (OSSP)," you grant permission to the Office of International Education (OIE) to enroll you in the study abroad course below which matches your program type and term. This is a general outline of what is billed - see the Schedule of Courses (SOC) for your specific study abroad term to better understand your exact costs. 

In-State Student OSSP Courses
CourseSectCourse TitleUVM study abroad feeOther costs billed by UVM
OSSP0001BApproved External/Direct$500None
OSSP0001CApproved External/Direct Cont$0None
OSSP0001AJanuary/Summer$250None
OSSP0010AExchange Inclusive I/S$500In-state tuition, Comprehensive fee, room, meals
OSSP0010CExchange Inclusive I/S Cont$0In-state tuition, Comprehensive fee, room, meals
OSSP0020AExchange Tuition Fees I/S$500In-state tuition, Comprehensive fee
OSSP0020CExchange Tuition Fees I/S Cont$0In-state tuition, Comprehensive fee
OSSP0030AUVM Field Studies Costa Rica$500In-state tuition, Comprehensive fee + Program Fee
OSSP0040AExchange Tuition Only I/S$500In-state tuition
OSSP0050AUVM Semester in Ireland$500Regular tuition, Comprehensive fee plus program fee for accommodation and any site-specific costs outlined in brochure (accommodation less $300 deposit)
OSSP0050BUVM Semester in New Zealand$500Regular tuition, Comprehensive fee plus program fee for accommodation and any site-specific costs outlined in brochure (accommodation less $300 deposit)
OSSP0050CUVM Semester in South Korea$500Regular tuition, Comprehensive fee plus program fee for accommodation and any site-specific costs outlined in brochure (accommodation less $300 deposit)
ENGL3885ABuckham Overseas Program$500In-state tuition, meals
ENGL3885BBuckham Academic Year$0In-state tuition, meals
Out-of State Student OSSP Courses
CourseSectCourse TitleUVM Study Abroad FeeOther Costs Billed by UVM
OSSP0001BApproved External/Direct$500None
OSSP0001CApproved External/Direct Cont$0None
OSSP0001AJanuary/Summer$250None
OSSP0010BExchange Inclusive O/S$50060% of Out of state tuition + Comprehensive fee, room, meals
OSSP0010DExchange Inclusive O/S Cont$060% of Out of state tuition + Comprehensive fee, room, meals
OSSP0020BExchange Tuition Fees O/S$50060% of Out of state tuition + Comprehensive fee
OSSP0020DExchange Tuition Fees O/S Cont$060% of Out of state tuition + Comprehensive fee
OSSP0030AUVM Field Studies in Costa Rica$500Out of state tuition, Comprehensive fee +  Program Fee
OSSP0040BExchange Tuition Only O/S$50060% of Out of state tuition
OSSP0050AUVM Semester in Ireland$500Regular tuition, Comprehensive fee plus program fee for accommodation and any site-specific costs outlined in brochure (accommodation less $300 deposit)
OSSP0050BUVM Semester in New Zealand$500Regular tuition, Comprehensive fee plus program fee for accommodation and any site-specific costs outlined in brochure (accommodation less $300 deposit)
OSSP0050CUVM Semester in South Korea$500Regular tuition, Comprehensive fee plus program fee for accommodation and any site-specific costs outlined in brochure (accommodation less $300 deposit)
ENGL3885ABuckham Overseas Program$500Out of state tuition, meals
ENGL3885BBuckham Academic Year$0Out of state tuition, meals