Financing

Budget Worksheet ButtonAn off-campus semester can cost the same, more, or less than a semester at Beloit.  

  • financial aid, including Beloit College scholarships, applies to off-campus study undertaken during the academic year;
  • student loans can be adjusted to cover additional educational expenses;
  • students with Pell Grants should apply for the Benjamin Gilman scholarship to study abroad; and
  • students with financial need are automatically considered for the College's travel scholarships.

Tuition: Tuition payments to Beloit College do not change for 99% of students who study abroad. 

Students with tuition remission or full tuition scholarships, however, will be responsible for any tuition paid to the host institution. An exchange program may be the best option.

The tuition cap for 2016/17 is $17,302.  If program tuition exceeds $17,302, the student is responsible for tuition above the cap. Note:  Tuition for most options is below the cap.

Room and Board:  Room and board is only paid to Beloit College in the case of exchange programs. Housing can cost much less (Botswana, Costa Rica, Ghana, India) or much more (Australia, Denmark, New Zealand) than at Beloit College.  Students often save money on food while abroad by cooking for themselves.

Study Abroad Length:  If you select an English university on the term system, study abroad in the fall lasts roughly 11 weeks, and in the spring, 22 weeks.  English universities on the semester system have calendar closer to Beloit’s.   

Semester Start and End Dates: Many countries have academic calendars similar to Beloit’s.  However, in the southern hemisphere, the first semester runs from mid-March through July, and the second semester runs from late July until early November. German academic calendars and some Japanese calendars also differ from Beloit’s.   If you usually work in the summer, can you work at other times instead?   

Travel Costs:  Check airfare to your host country. Airfare to Australia, China, Japan, or New Zealand is going to cost more than airfare to Europe or Latin America. Can a high airfare be balanced with low cost of living?

Visas: Visas are sometimes required, but not always. The costs of visas vary widely from country to country, as do application procedures. Some countries require a personal visit to a consulate to apply for a visa.

Optional expenses.  Play sports?  There is no cost for using sports facilities in Ireland, but there is in England and Australia, and in some countries, universities do not have sports facilities.  Student clubs may charge a modest participation fee. Will you live on campus, or take public transportation to get there? Plan to travel? 

Use the program website and budget worksheet form to calculate the approximate costs of your program. Use the Budget Worksheet to itemize your costs and submit it electronically to the Financial Aid Office (faoffice@beloit.edu). These figures will be used to create your off-campus study budget and will ultimately be used in determining your aid eligibility. It is important that you budget separately for each category (travel, insurance, books, supplies, etc).

*The budget worksheet is intended for your personal budget planning and discussions with staff in the Office of Student Financial Services. You do not need to give OIE a copy.

One tool to calculate the difference in consumer prices between your home city and your host city is Expatistan.com.

How else can you get money to fund off-campus study?Scholarship button