Making Study Abroad Affordable Fall 2020 Jeannie Jaworski

Making Study Abroad Affordable Fall 2020 Jeannie Jaworski, Director of International Affairs

DISCLAIMER Presentation created to demonstrate study abroad program cost and aid availability examples only. Each student has a unique financial aid award. Students should always meet with a financial aid counselor once they’ve identified a program to discuss actual costs and actual aid availability. This should definitely be done before committing any financial resources. The Sharks Abroad team and the Office of Financial Aid makes every effort to thoroughly explain the study abroad financial aid process but students are responsible for confirming their understanding prior to participating in any study abroad program.

FINANCIAL AID AVAILABILITY

Availability for study abroad depends on the type of aid*. Federal Aid Florida State Aid • • • FEDERAL PELL GRANTS FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) FEDERAL TEACH GRANT FEDERAL SUBSIDIZED LOANS FEDERAL UNSUBSIDIZED LOANS • • • NSU Institutional Aid FLORIDA BRIGHT FUTURES SCHOLARSHIP Exception: MINORITY TEACHER NSU aid that is provided explicitly for EDUCATION SCHOLARSHIP BENACQUISTO study abroad • PRESIDENT’S SCHOLARSHIP • Stolzenberg Doan • PRESIDENT’S PREMIER FLORIDA RESIDENT ACCESS • Panama Endowment SCHOLARSHIP GRANT (FRAG) • • DEAN’S SCHOLARSHIP Honors Awards FLORIDA STUDENT • RAZOR’S EDGE ASSISTANCE GRANT (FSAG) JOSE MARTI SCHOLARSHIP These CAN be used, of course! CHALLENGE GRANT FLORIDA PRE-PAID / *And the thorough, accurate, and timely completion of all required financial aid paperwork.

Enrollment Requirements • Just like at NSU, you must maintain enrollment requirements to be eligible for financial aid. • Enrollment requirements vary between ½, ¾, and full-time (12 cr). • Most study abroad programs are designed to ensure full-time enrollment. • Students may have other reasons for wanting to ensure they are full-time (insurance, etc. ) Federal Aid Florida State Aid • • • FEDERAL PELL GRANTS FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) FEDERAL TEACH GRANT FEDERAL SUBSIDIZED LOANS FEDERAL UNSUBSIDIZED LOANS • • • FLORIDA BRIGHT FUTURES SCHOLARSHIP MINORITY TEACHER EDUCATION SCHOLARSHIP BENACQUISTO SCHOLARSHIP FLORIDA RESIDENT ACCESS GRANT (FRAG) FLORIDA STUDENT ASSISTANCE GRANT (FSAG) JOSE MARTI SCHOLARSHIP CHALLENGE GRANT FLORIDA PREPAID / External Aid EMPLOYERS HIGH SCHOOLS NON-PROFIT ORGANIZATIONS • BANKS • OTHER PREPAID Requirements are set by each agency but typically only require for a student to be making continued progress on their degree. • • •

Summer study abroad aid works like summer aid at NSU: • Limited to federal/state aid. • Only available if you haven’t maxed your aid availability yet. • Aid max is based on educational expenses AND federal/state maximums. • Adding a summer program will increase your annual educational expenses, so additional aid may be available. • If you already hit the maximum allowed within the Fall and Winter terms, no additional aid will be available even when you add a summer program. Enrollment Requirements Students must earn a minimum of 6 CREDITS over the summer to be eligible for summer aid. The six credits could be earned through a combination of study abroad and NSU coursework.

STUDY ABROAD PROGRAM COSTS

PROGRAM FEES Each program includes different items in their cost of attendance but typically include: • Tuition Don’t forget to calculate the exchange • Fees rate if the price is not in U. S. dollars! • Housing (www. xe. com) • Insurance Some may also include some or all meals, books, local transportation, and even travel excursions. Don’t forget personal expenses. This may include airfare, meals that are not included, local transportation, etc. While you are abroad you do not pay tuition/fees to NSU (unless you’re taking courses here, too).

Step 1: Find the program cost. www. nova. edu/internationalaffairs/ Actual Cost What do we need to know?

https: //studiesabroad. com/enrolled/study/additional. Expenses Don’t forget the additional expenses! Actual Cost • • • Books: $100 Misc: $1300 ($100/week – 13 weeks) Airfare: $775 Travel Expenses: $135 Meals: $585 ($45/week – 13 weeks) PERSONAL: $2, 895

Step 2: Estimate your aid availability. http: //sharklink. nova. edu/ Actual Cost

Step 2: Estimate your aid availability. http: //sharklink. nova. edu/ ? ? Actual Cost FEDERAL FINANCIAL AID $4, 171 / STATE FINANCIAL AID EXTERNAL FINANCIAL AID INSTITUTIONAL AID

Step 3: Program Cost - Aid Availability = Cost After Aid $9, 295 (program fee) + $2, 895 (personal expenses) = $12, 190 (program cost) $1, 972 (scholarships/grants) + $2, 199 (loans) = $4, 171 (aid availability*) $8, 019 (cost after aid*) In this situation, the student has significant unmet need and is likely going to be offered additional federal loans to help make the difference. Federal loans will be a good option for many but what other options are there for students who are unable or unwilling to use loans? Actual Cost *IMPORTANT: These figures allow you to ESTIMATE your costs only! The current federal & state aid on your financial aid award are based on NSU’s cost of attendance! Significant program cost changes are likely to impact award availability! An appointment with Financial Aid or completion of the appropriate financial aid paperwork is the only wait to know actual aid availability.

STUDY ABROAD SCHOLARSHIPS

Nova Southeastern University Scholarships www. nova. edu/financialaid Scholarships > Scholarship Search Scholarships

External Government Scholarships Benjamin A. Gilman International Scholarship: Pell grant recipients can receive up to $5, 000 for a semester or year abroad. http: //www. iie. org/en/Programs/Gilman-Scholarship-Program NSEP Boren Award for International Study: A government-sponsored scholarship for students interested in studying in less common destinations, such as Africa, Asia, Central and Eastern Europe, Eurasia, Latin America, and the Middle East. Must be interested in studying certain languages. There is an NSEP service requirement upon return. https: //www. borenawards. org/boren_scholarship/how_apply. html DAAD German Academic Exchange Services Scholarship: For students planning to study in Germany for 4 -10 months. The award includes approximately € 650, plus funds for travel, research, and health insurance expenses. https: //www. daad. org/scholarship Freeman-ASIA: For students applying to study for a minimum of 8 weeks in one of the following Asian countries: Cambodia, China, Hong Kong, Indonesia, Japan, Korea, Laos, Macao, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, Vietnam. Must demonstrate financial need. http: //www. iie. org/Programs/Freeman-ASIA Fulbright Program: Sponsored by the U. S. Department of State, this program offers fellowships to U. S. students for study, research, or teaching assistantships abroad. Application needs to be evaluated by a campus committee, therefore planning are important. http: //us. fulbrightonline. org/home. html Scholarships Critical Language Program: An intensive overseas language and cultural immersion program sponsored by the Do. S for American students enrolled at U. S. colleges and universities. Students spend eight to ten weeks abroad studying one of 14 critical languages. The program includes intensive language instruction and structured cultural enrichment experiences designed to promote rapid language gains. http: //www. clscholarship. org

Program Scholarships AIFS Scholarships - https: //www. aifsabroad. com/scholarships. asp American University of Rome Scholarships – https: //www. aur. edu/scholarships CIEE Scholarships - https: //www. ciee. org/go-abroad/college-studyabroad/scholarships-grants Classport - http: //classportinc. com/how-to-pay-for-your-experience-abroad/ College Year Athens Scholarships - http: //www. cyathens. org/109/1/cyascholarships-information/ ISA Scholarships - https: //studiesabroad. com/scholarships John Cabot University - http: //www. johncabot. edu/admissions/financialaid/scholarships/study-abroad. aspx Scholarships Semester At Sea Scholarships - https: //www. semesteratsea. org/admissionaid/scholarships/ The Education Abroad Network Scholarships https: //teanabroad. org/scholarships/

Program Scholarships (Selected Opportunities) CIEE: Gain Grant – Up to $1, 000 for airfare for Pell grant recipients Gilman Go Global – First-come-first-served $2, 500 for students who apply for the Gilman ($1, 000 summer) MSI Grant – Guaranteed $2, 000 for all NSU students ($1, 000 summer) TOTAL GUARANTEED* – ALL STUDENTS: $2, 000 ($1, 00 summer) PLUS eligibility for merit-based awards Scholarships Pell Grant Recipients: TOTAL GUARANTEED: Up to $5, 500 (Up to $3, 000 summer) PLUS external (Gilman)

Program Scholarships (Selected Opportunities) ISA: Correspondent Internship Opportunity Recipients take photos and add content to the ISA Student Blog while abroad Global Ambassador Scholarships After going abroad, get paid by ISA to promote study abroad to NSU students Scholarship to be used on future ISA program May receive fully-funded trip to Texas for conference

Scholarship Search Engines IIEPassport Study Abroad Funding: http: //www. studyabroadfunding. org/ Fastweb. com Scholarship. Portal. com International Education Financial Aid: http: //www. iefa. org/ Scholarships Go. Abroad. com: http: //www. goabroad. com/scholarships-abroad

The Original Crowdfunding: Asking The People Who Already Buy You Things Study abroad $$$ Study abroad $$$ Crowdfunding Study abroad $$$

Crowdfunding

https: //www. gofundme. com/Teaching. Internship Hailee Potter $500 Crowdfunding

https: //www. indiegogo. com/projects/cu-in-south-africa#/ Crowdfunding $108 5

Crowdfunding Sites from http: //www. globalinksabroad. org/fund_my_study_abroad/ Crowdfunding www. fundmytravel. com www. fundforeducationabroad. org www. goennounce. com/static/study-abroad#. Uc. B 9 S-d. QHu. S www. gofundme. com www. indiegogo. com www. kickstarter. com www. kiva. org/start www. mytab. co www. projecttravel. com www. firstgiving. com www. startsomegood. com www. microryza. com www. rockethub. com www. petridish. org www. Students. Gone. Global. com NSU does not take responsibility for any of the following websites. Please read the fine print before signing up with any of them. Some fees and restrictions may apply.

PROGRAM CONSIDERATIONS

Location • Cost of Living - http: //www. numbeo. com/cost-of-living/ • Global comparisons (San Jose, Costa Rica vs Madrid, Spain) Pricing Factors

Location • Cost of Living - http: //www. numbeo. com/cost-of-living/ • In-country comparisons (London, UK vs Hull, UK) Pricing Factors

Location Exchange Rates Constantly changing but some consistency US Dollar vs. British Pound US Dollar vs. Vietnamese Dong US Dollar vs. Brazilian Reales • Cost of Travel • Flight to Costa Rica ($500) vs New Zealand ($2000) • Ability to Work • Australia Work Permit • Semester at Sea Pricing Factors • Availability of External Aid • Additional funds for students who study in “Non-traditional destinations”

Duration Which is more affordable: Three weeks in the summer or three months during the academic year? Pricing Factors • Program tuition INSTEAD of NSU tuition • Additional external aid opportunities for longer programs • Program pricing favors longer-term programs

Duration Which is more affordable: Summer Classes at NSU or Summer Classes Abroad Pricing Factors • NSU summer tuition = $1, 079 per credit • Most study abroad program tuition = ~$200 -$500 per credit

Program Provider Some programs have higher fees but offer substantial financial aid, some which is guaranteed. (CIEE, AIFS, etc. ) Program provider aid is often less competitive than other aid sources. (Exception: fully funded opportunities) Some programs offer lower fees but don’t have (m)any scholarships. (KEI Abroad, Sol Education Abroad, etc. ) Pricing Factors Remember: Cost doesn’t necessarily mean quality but it is important to consider ‘apples to apples’ what is included in each program fee?

BUDGETING ABROAD

Making A Budget Look at how much money you are bringing abroad and convert it to the currency you will be using while studying abroad Look up one-time expenses and subtract it from your total money Cell phone Books and lab fees School supplies Take your new total, and then divide it by the number of months (or weeks) you will be abroad. This will help you set up a budget for the following items: Budgeting Groceries Eating Out Local Transportation Travel Entertainment Toiletries Other An app like ‘Daily Budget’ can help! Track how much you spend on each item each week to stay on track or modify your budget

Budget Travel Discount Airlines Safe & Reputable Hostels Overnight Trains & Busses Public Transportation Advice from Locals / Previous Travelers Budgeting Student Discounts

Best Advice: Don’t buy things. Budgeting Cook your own food.

QUESTIONS?