How much money will I need while abroad?
Study abroad programs often provide students with an estimated budget or expense sheet that will give you a good idea of how much money you will need while abroad. If not, find out what expenses you will have that are not included in the program fee, such as airfare, meals, textbooks, local transportation, and laundry.
Consider how your lifestyle will change while you’re abroad.
- Will your entertainment costs increase or decrease?
- How about extra communication costs (phone, e-mail or postage)?
- Will personal items be more expensive in the country where you will be studying?
- Don’t forget to budget for travel and any gifts you might buy.
Exchange Rates
Investigate the value of the US dollar against the foreign currency. You can find exchange rate information on the Internet at. Exchange rates change constantly so check them often. For updated information, check out Oanda.com or XE.com.
