Skip Navigation

Study Abroad - Finances & Financial Aid

Finances

The cost of study abroad is comprised of tuition, administrative fees, housing, meals, air and ground transportation, passport and visa fees, vacation period travel, and personal costs.

If you are not sure if you can afford studying abroad, please consider the following factors:

  • Many study abroad programs are the same cost as a semester at UMaine. Find programs in countries which are affordable to live to lower the cost of your program. Think of locations you may not have considered yet, such as Bulgaria, India, Thailand, Turkey, South Korea, Chile, Peru, Argentina, Costa Rica, Czech Republic, etc.
  • Talk to your family. They will be your key allies in funding your semester abroad. Ask your family and friends for cash contributions to your “study abroad savings account” for birthdays and major holidays. You will be surprised how much you will save in a few semesters.
  • Meet with your financial aid advisor to discuss your financial aid package and explore options for additional funding.
  • Apply for all UMaine, state, national and other scholarships available to you. Start your study abroad process early to meet all scholarship deadlines.
  • Re-evaluate all your monthly expenses prior to going abroad. The late Friday night pizza will be as much as a budget airline ticket for a weekend trip.
  • Create your own  crowdsourcing campaign and fundraise through bottle drives, craft sales, etc.

Financial Aid

  • UMaine financial aid funds can be used for study abroad programs which are approved by the Office of International Programs.
  • Students must maintain full-time status while abroad (the local equivalent of at least 12 UMaine credit hours).
  • Complete your FAFSA for the academic year as usual and based on UMaine costs. Once your FAFSA is approved and financial aid awarded, UMaine will internally approve the release of your financial aid for your specific study abroad program. Do not include any information about your study abroad program on your FAFSA application.
  • The Financial Aid Office can adjust the loans the student is eligible for to accommodate the higher cost for the semester, but a student will need to submit a full program budget.
  • Study abroad students cannot utilize their federal work study award while overseas, but they may be converted to loans.
  • Students may also be able to apply for an alternative loan through the Financial Aid Office. For more information, visit Direct Parent PLUS Loan and Alternative Student Loans.
  • Be aware of the cost of your program and be sure you have enough funding to participate.
  • Financial aid funds cannot be released until we have verified that you have arrived overseas and have enrolled at your host institution. This usually happens within 3-4 weeks after the program starts. For programs starting in July and August the financial aid funds may not disburse until 6-10 weeks after the program start date.
  • Students must budget appropriately to make travel plans, pay program deposits and apply for a visa prior to financial aid disbursement.
  • You must plan accordingly and have funds readily available for several weeks abroad.
  • Inform the Office of Financial Aid about any study abroad scholarships you are awarded.
  • Summer Financial Aid is applied for and awarded separately than the regular academic year aid. The application is open after spring break each year.
  • Students are encouraged to speak with a Financial Aid Advisor to discuss their aid and study abroad plans.  The Office of Financial Aid is located in Wingate Hall.
Type of Financial Aid Applicable to Study Abroad? Contact for more information
Pell Grant All approved programs  
Federal Supplemental Grant All approved programs  
Federal Direct Stafford Loan All approved programs  
Federal Perkins Loan All approved programs  
Federal Parent PLUS Loan All approved programs  
State of Maine Grant All approved programs  
University of Maine Grant All approved programs  
UMaine Presidential Scholarship All approved programs monica.palmer@maine.edu
UMaine Flagship Scholarship All approved programs monica.palmer@maine.edu
UMaine Black Bear Scholarship All approved programs monica.palmer@maine.edu
Transfer Merit Award All approved programs monica.palmer@maine.edu
International Student Scholarship Applies to direct exchange programs only Office of International Programs
Employee Dependent Tuition Benefit Applies to direct exchange programs only  
Native American Waiver Applies to direct exchange programs only Wabanaki Center
Veteran Tuition Scholarship Applies to direct exchange programs only V.E.T.S. Office
Department or College Scholarship Possibly

Department or college

External Scholarships Possibly

Donor

Work-Study Funds No

Office of Financial Aid

Print Friendly
Last Modified On March 3, 2014


Back to Study Abroad