Studying Abroad Within Your Budget
The following information is designed to help students consider the financial aspects of studying abroad and develop a strategy for choosing a program that fits with their budget/financial resources.
This is THE most important way to make study abroad a reality for you. The cost of studying abroad really varies from program to program. Don’t ignore cost when making your decision! Talk to a Study Abroad Advisor to ensure that you have explored all of the possible program options, and remember that there is NOT a direct correlation between the cost of a program and the quality of your experience abroad.
- Compare CU costs to study abroad costs
- Consider location
- Consider exchange programs
- Consider short-term study abroad programs carefully
- CU-Boulder Best Semester Abroad Deals
The posted costs for CU Study Abroad are very comprehensive, including much more than just tuition and living costs. To compare your CU costs to study abroad costs, you need to know your comprehensive cost for a semester or year at CU. See below for estimates.
|CU cost (resident)||CU cost (non-resident)||Valparaiso, Chile||Prague, Czech Republic||Semester at Sea|
|Total cost per semester||~ $17,500||~ $27,000||$17,308||$17,057||$36,357|
Above costs include tuition/fees, room & board, books, health insurance, personal expenses, communication costs, transportation (incl. airfare for study abroad) and more. The CU costs were taken from the Financial Aid webpage at www.colorado.edu/finaid/budgetexamples.html
Avoiding bigger cities can also help save thousands of dollars in some cases. While the biggest or most well-known city may seem like the most exciting choice to you, living elsewhere can save a lot of money and will still provide ample opportunities for social and cultural activities. Plus, with the money you save, you can still spend time in any larger cities that attract you. (Estimates are total cost for a semester program).
|Larger cities||Mid-sized Cities|
|Paris = $28,251||Aix-en-Provence = $21,971|
|Barcelona = $17,894||Salamanca, Spain = $15,399|
|London = $21,630||Norwich, England = $14,979|
|Buenos Aires = $20,366||Valparaiso, Chile = $17,308|
|Sydney = $26,520||Wollongong, Australia = $22,387|
|Tokyo, Japan = $31,453||Akita, Japan = $15,581|
You may also wish to consider a program in a non-traditional location (such as Latin America or Asia), as some destinations within these regions have lower costs of living that can decrease the overall program cost.
On exchange programs a CU-Boulder student pays roughly the equivalent of CU-Boulder in-state tuition, saving a sizeable amount in instructional costs compared to many other programs. See the table below for examples of countries/regions where exchange programs can help you save! (Estimates are total cost for a semester program).
|Country/region||Exchange program||Non-exchange program|
|England||$14,979||$21,630 - $33,966|
|Scandinavia||$17,042 (Sweden)||$29,181 (Denmark)|
|Australia||$18,662 (Wollongong)||$27,039 (Gold Coast)|
Admission as an exchange recipient can be competitive for certain programs. Talk to a CU Study Abroad Advisor to learn more about how exchange programs work, and the available opportunities around the world. Exchange program applicants should ALWAYS apply for a Buffs Abroad scholarship if they hope to be seriously considered for an exchange position.
Summer study abroad may provide a more affordable option for some students since they cost less overall. However, long-term programs often provide more value per dollar spent, because you typically earn more credit hours on semester or year-long programs (see calculation below). Also, students often have less state/federal aid available for summer terms. Please see additional considerations below.
Consider the cost per credit-hour and cost per week:
In this scenario above, going for a semester is more economical in terms of cost per credit hour and per week.
Calculate the cost of a summer abroad on top of a regular semester in Boulder, and compare that to the cost of a semester abroad. Studying abroad for a summer can sometimes exceed the cost of a semester abroad when added to the cost of a typical semester at CU. See the table below for an example:
Note that this scenario may not always ring true. Simply keep this scenario in mind when considering summer programs, and be sure to calculate this for yourself.
Consider whether you rely upon a summer job to save money for the school year, and how studying abroad for a summer may impact your earnings. While you may also work during the regular school year, students typically work many more hours during the summer months and heavily rely upon summer earnings for the remainder of the year.
Consider whether you will have any remaining financial aid to use for summer. The summer term at CU-Boulder is considered the last term of the year. What that means for you is that if you use all your financial aid eligibility during the academic year (the previous Fall & Spring), you will not have any eligibility left for summer. See the Financial Aid webpage for more information about how this works.
Understand that there can be fewer scholarships available for summer study abroad. Some scholarships for study abroad exclude summer programs. Research your scholarship opportunities ahead of time to know if/how this may affect you.