in an SMU Abroad program does not have to be expensive! The key is to
start early and plan ahead. Read through the Ten Tips below.
Ten Tips to Keep It
Meet with your Financial Aid Counselor Make
an appointment with your SMU Financial Aid Counselor to discuss if your
financial aid package is transferable to your program abroad. If you are a
President's, Hunt or Global Learning Scholar, you will be able to use
your award for an SMU Abroad program. Other financial aid may also be
Explore Scholarships for International
Study SMU has established several scholarship programs to support
SMU students on SMU Abroad programs. Awards
vary in number and amount. Students must be enrolled as full-time,
undergraduate SMU students. Please note students receiving full tuition scholarships are ineligible to apply.
scholarships to qualified students who are interested in semester or
academic year study.
There are nationally competitive awards that fund
undergraduate study abroad opportunities. The SMU Fellowship and Awards
Office in Perkins Administration Building is a good resource. See below
for a list of NATIONALLY COMPETITIVE SCHOLARSHIPS AND AWARDS.
of the provider programs also offer scholarships for students studying
on their programs. See below for SMU-AFFILIATED PROVIDER SCHOLARSHIPS.
Consider Program Duration Total program fees
for summer and winter programs are less expensive then semester
programs. However, summer and winter programs are optional and not
included in all financial aid packages.
Semester and academic
year programs provide more value per dollar spent since you earn twice
to three times more credit for a semester program as a summer or winter
program. The cost of some programs is the same as studying on the Dallas
campus. Financial aid is applicable to SMU Abroad semester year
Consider Program Location Program
costs can vary widely by program location. For example, many large
cities in Europe have high costs of living, while cities of comparable
size in Latin America, Southeast Asia or Africa usually have much lower
costs of living. If you consider a program in a non-traditional
location-- you will usually save money! You may find that a program in a
small town, regardless of the country, provides better value than a
program in a large city.
Compare Exchange Rates Compare
the exchange rate of the dollar to other national currencies. You may
find that your dollar stretches more in some countries than in others.
for Student Discounts Students abroad often are eligible
for discounted fares, entrances, goods and services. Sometimes this only
requires a student ID card. Ask returned students what is out there.
Did you know that many museums have one day or night per week when
students get in free? See Useful Links for student travel information.
Now; Spend Later How do you spend your money? Are there
ways you could save? Are there things that you can do without? Do you
currently have a job? If not, would you consider getting one? Many
students can save plenty just by working part-time and budgeting
WHILE YOU ARE ABROAD
your Funds Carefully After you have been on-site for a few
days or weeks, look at your budget. If you are on limited funds, make a
weekly or monthly budget and stick to it!
Know your Neighborhood It is exciting to go abroad, meet
new people, learn new ways. Travel can cost plenty. If you are trying to
save money, consider limiting your travel to the vicinity in which you
are studying rather than traveling grand distances or to lots of other
Many students reach the end of their program and
ralize that, while they have traveled extensively, they have not
explored the local area. You can save money by exploring your program
Live Like a Native Observe
how people in your host country or city live, where they eat, where
they shop, etc. If you live like a local rather than as a tourist, you
are likely to save money.