Planning for all aspects of Student Loan for Study Abroad will allow you to feel more comfortable financially, enabling your student to have an experience he or she will treasure for years to come.
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3. Living and learning in a foreign country is a great way for
college students to broaden their horizons and gain global
experiences.
Studying abroad is becoming more common as colleges
increasingly require students to spend time overseas and as more
entry-level positions look for this on a résumé.
It's important to plan for the added expenses that come with
studying abroad to make the experience rewarding for your
student and your finances. Here are a few things to consider:
Program costs
Make sure you understand the program costs. Some colleges
strive to make programs equal to your usual tuition payment;
however the program costs may vary with the country and
length of program.
4. Financial aid
Check with your son or daughter's financial aid office to ensure
any current scholarships and loan dollars follow him or her
overseas. If your student received third-party scholarships, notify
the organizations about your child's plans as well.
Encourage your student to ask if their college has special funds
available for study abroad programs. It's also important to
research third-party scholarship opportunities.
Cost of living
Ask if room and board costs are included in the program, or if
they are an additional expense. If your student is responsible for
securing his or her own housing, costs may vary based on the
city and style of living.
5. Travel expense
Remember to factor transportation expenses into your budget.
Expenses may include flights to and from the host country and
daily public transportation while your child is in the program.
Talk to your student about their desires to travel more broadly
within the country or region they are studying in, and add those
to your budget as well.
Planning for all aspects of Student Loan for Study Abroad will
allow you to feel more comfortable financially, enabling your
student to have an experience he or she will treasure for years to
come.
Source: http://ezinearticles.com/?Uncovering-the-True-Costs-to-
Study-Abroad&id=9244532