Going Abroad Within Your Budget
The following information is designed to help you consider the financial aspects of studying abroad and develop a strategy for choosing a program that fits your budget/financial resources.
Selecting a program within your budget is THE most important way to make education abroad a reality for you. The cost of going abroad really varies from program to program. Don’t ignore cost when making your decision! Talk to an Education Abroad Advisor to ensure that you have explored all of the possible program options, and remember that there is NOT a direct correlation between the cost of a program and the quality of your experience abroad.
Expand the sections below for details
- 1. Compare CU costs to education abroad costs
The posted costs for CU Education Abroad are comprehensive and include more than just tuition and living costs. To compare your CU costs to education abroad costs, you need to know your comprehensive cost for a semester or year at CU:
CU cost (resident) CU cost (non-resident) Semester programs under $17,000 Semester programs under $20,000 Total cost per semester ~ $14-17,000 ~ $25-28,000 20+ in Asia, Americas & Europe, 50+ in Africa, Asia, Americas & Europe
- 2. Consider location
There is a common misconception that programs in less-developed countries/regions will always be less expensive. This is not always the case, and some of our most affordable programs are in Europe. Rather, avoiding bigger cities and "hot spots" is often the best strategy and can help save thousands of dollars in many cases. While the biggest or most well-known city may seem like the most exciting choice to you, living elsewhere can save a lot of money and will still provide ample opportunities for social and cultural activities. Plus, with the money you save, you can still spend time visiting any larger cities on breaks/weekends.
- 3. Consider exchange programs
On exchange programs a CU Boulder student pays roughly the equivalent of CU Boulder in-state tuition, saving a sizeable amount in instructional costs compared to many other programs. See the table below for examples of countries/regions where exchange programs can help you save! (Estimates are total cost for a semester program).
Country/region Exchange program savings over
other programs in same country
England $6,000-15,000 less Japan $7-15,000 less Sweden $14,000 less Australia $9,000 less
Admission as an exchange recipient is competitive for a small number of exchange programs. Talk to a CU Education Abroad Advisor to learn more about how exchange programs work, and the available opportunities around the world. Exchange program applicants should ALWAYS apply for a Buffs Abroad scholarship if they hope to be seriously considered for an exchange position.
- 4. Consider short-term education abroad programs carefully
Summer education abroad may provide a more affordable option for some students since they cost less overall. However, long-term programs often provide more value per dollar spent, because you typically earn more credit hours on semester or year-long programs. Also, students often have less existing aid/funds available for summer terms. Please see additional considerations below.
- Calculate the cost of a summer abroad on top of a regular semester in Boulder, and compare that to the cost of a semester abroad. A semester abroad can simply replace the cost of a semester at CU, while summer is an "extra" cost that families have often not planned on financially. Students who select a fairly affordable semester program will almost always find that it is more cost-effective to go abroad for a semester.
- Consider whether you rely upon a summer job and how studying abroad for a summer may impact your earnings. While you may also work during the regular school year, students typically work many more hours during the summer months and heavily rely upon summer earnings for the remainder of the year.
- Consider whether you will have any funds or aid to use for summer. Students going abroad for summer often find that they have little or no existing funds/aid to contribute. Students receiving financial aid may not have any aid left from the previous year, and students relying on family help may find that their family did not plan for an "extra" summer experience. If you select an affordable program for a semester, you will typically have much less cost to cover compared to summer abroad after applying any existing funds/aid that you have for a regular semester at CU. See the Financial Aid webpage for more information about how financial aid works for summer.
- Understand that there can be fewer scholarships available for summer education abroad. Some scholarships for education abroad exclude summer programs. Research your scholarship opportunities ahead of time to know if/how this may affect you.
- 5. CU Boulder Best Semester Abroad Deals
- Best Semester Abroad Deals