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Calculating the Costs
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Calculating the Costs

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Before submitting the deposit for a study abroad program, students should first determine how much it will cost to participate. Next, students should compare the costs of the program with the funds they have available. Students may complete the tables below to determine if sufficient funds are available for the program.

To complete Table 1, students should refer to an itemized cost sheet designated for the program they plan to attend. The Office of Education Abroad and Student Exchange can provide cost sheets to students. Note:  Students should estimate the cost of their rent and other monthly expenses that are due while they are studying abroad.

Table 1

Estimated Expenses

Tuition

$

Program Fees

$

Airfare

$

Travel

$

Food

$

Lodging

$

Special Fees

$

Books

$

Miscellaneous

$

Total Costs for Program/Classes

$

Other Expenses Due at Home While Abroad

Rent/Utilities, etc.

$

Total Estimated Expenses

$

To determine available resources, complete Table2 and Table 3. 

To complete Table 2, students may review their personal financial aid information on Pipeline via WebMT.

Table 2

Estimated Financial Aid

Fall

Spring

Summer

Pell Grant

$

$

$

University/Private Scholarships

$

$

$

Loans

$

$

$

Other______________________

$

$

$

Total Estimated Financial Aid

$

$

$













Note: For Summer Study Abroad Programs, students are required to pay program costs during the Spring semester; therefore, they must pay these expenses before the Financial Aid Office can credit their summer financial aid. Federal regulations prohibit the disbursing of summer financial aid before the Summer term begins. For convenience in paying deposits and early fees, students are encouraged to use Private/Alternative/Educational Loans. In addition to the lenders included on the Web site, other lenders may offer similar programs. A FAFSA is not required and it is not necessary for MTSU to certify loans from these lenders. Students may apply for larger loan amounts and the lender releases the funds directly to students in one disbursement. In addition, private loans can be processed the semester before your study abroad program begins, provided you are currently enrolled.

To determine the amount of out-of-pocket costs for the Study Abroad Program, complete Table 3 based on the previous calculations.

Table 3

Estimated Expenses

$

minus Estimated Financial Aid

$

Equals Out-of-pocket funds required

$


 

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Please  Note:
Any information on this site concerning financial aid assistance at MTSU may be subject to change or corrected as necessary without prior notice.

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