Costs and Funding

Studying abroad is an investment in your future. Like any other type of investment, it requires careful planning and management. However, the personal, academic, and professional rewards that you will gain from this experience will last a lifetime. You should consider carefully how they will pay for your study abroad program. In some cases, but not all, study abroad is more expensive than a term in Chapel Hill. However, there are many ways to cover costs.

Typically, students’ existing UNC financial aid and scholarships may be applied to fall and spring UNC study abroad programs. See the UNC Financial Aid and Scholarships page, linked below, for more information.

Students pay for study abroad with a combination of

  1. Personal and family contributions
  2. Financial aid
  3. Scholarships

Keep in mind, everyone’s pie is different! Scholarships and financial aid may cover a larger or smaller piece of your costs, but likely not all. “Full ride” scholarships are rare.

Plan ahead – do your research now!

It is never too early to start planning! There are numerous options to assist with covering the costs of studying abroad, both within and outside UNC. You should begin researching opportunities as soon as possible. Many award application timelines differ from program applications, and you may apply early.

Start Here:

Budget Sheets and Billing

Study Abroad Office Scholarships

UNC Financial Aid and Scholarships

Other Funding Sources – use Embark Carolina’s Funding Finder to find scholarship opportunities!

Additional Resources:

15 Ways to Save Money for Study Abroad (IES Abroad)

17 Smart and Realistic Tips for Your Study Abroad Budget (Diversity Abroad)

FinanciallyFitandFab.com

Study Abroad Budget Worksheet (Northwestern University)