“No Excuses! 9 Ways to Help Pay For Your Study Abroad”

“No Excuses! 9 Ways to Help Pay For Your Study Abroad”

by Jordi Lippe via “Yahoo Travel”

No Excuses! 9 Ways to Help Pay For Your Study Abroad

Exposure to international destinations can have a profound effect on people’s perspectives, but the cost can be prohibitive. (Thinkstock)

We love study-abroad programs here at Yahoo Travel. Most people who have studied abroad say it was one of the best things they’ve ever done. The White House has even determined that study-abroad programs are a critical component to improving international relations. Back in December, the Obama administration gathered more than 100 of the country’s most prominent travel bloggers and digital journalists in Washington D.C. as part of a push to find new ways to encourage more Americans to study abroad.

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Study abroad is often considered a pivotal event in a young person’s life. (Thinkstock)

Fewer than 10 percent percent of students currently take part in study-abroad programs. One of those reasons is the high cost. The average semester away can cost over $17,000 (according to figures from the Institute of International Education), making the prospect of study abroad daunting for most students. But by knowing your resources and getting a bit creative you can be well on your way to financing a once-in-a-lifetime journey.

Here are nine ways to help pay for study abroad:

1. Council on International Educational Exchange Scholarship
Some universities offer their own scholarship programs, but there are numerous outside options dedicated to helping those who want to study abroad. In fact, the Council on International Educational Exchange (CIEE) is giving out around $20 million in scholarships. That could add up to 1,000 more students attending a semester program on full scholarship or 5,000 more students attending a summer or short-term program. CIEE will also sponsor passports for 10,000 students to enable participation. “Studying abroad must be viewed as an essential component of a college degree and critical to preparing future leaders,” said Institute of International Education president and chief executive officer Allan E. Goodman. “CIEE’s greatly expanded outreach and scholarship offerings will make a significant contribution to expanding and diversifying the population of students who have the opportunity to study abroad.”

Related: I Met My Fiance on Study Abroad in Spain

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The cost of study abroad shouldn’t stop you from doing it. (Thinkstock)

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