Funding Study Abroad
Costs for a study abroad program include, but are not limited to tuition and fees, room and board, medical insurance, passport and visa fees and transportation costs. While U.S. universities vary in terms of policies related to financing study abroad, financial aid for U.S. students who wish to study abroad may include a combination of scholarships, grants from the home university, government student loans, and private student loans.
| Student loans in the U.S. |
| Regulatory framework |
|---|
| Higher Education Act of 1965 U.S. Dept. of Education FAFSA · Cost of attendance |
| Distribution channels |
| Federal Direct Student Loan Program Federal Family Education Loan Program |
| Loan products |
| Perkins · Stafford PLUS · Consolidation Loans Private student loan |
An amendments made in 1992 to the Higher Education Act of 1965, TITLE VI, SEC. 601-604 in the U.S. ruled that students can receive financial aid for study abroad if they are enrolled in a program that is approved by their home institution and would be eligible to receive government funding without regard to whether the study abroad program is required as a part of the student's degree.
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