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You can use 529 plan funds to payfor study abroad expenses if the study program at the foreign institution is eligible for credit at the student’s US home institution,and if the foreign institution is eligible for Title IV federal student aid,which can be determined by looking for the federal school code.
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How much does it cost to study abroad?
On average, studying abroad costs about $14,295 a semester, which is a pretty sweet deal for living abroad and experiencing a totally foreign culture for four-six months. Especially when you put it into the perspective of US university averages: in state is ~$9,970, while out of state costs average ~$25,620 a semester.
Can I use my financial aid to study abroad?
If the costs associated with study abroad seem overwhelming, just remember that your financial aid can be used to help cover costs outside of tuition and fees. There are also countless study abroad scholarships and grants to apply for in 2022.
What will I be paid for when living abroad?
There are a lot of things to be paid for when living abroad?food, accommodations, travel, and more. Some study abroad programs include some of those expenses in its cost, and some don. Knowing what is and isn covered will help you better estimate what you檒l be paying for out of pocket for your semester abroad.
How can studying abroad help you gain international experience?
Explore the costs of studying abroad, including low-cost and free destinations. Learn what to budget and where your money will go the farthest. Studying abroad provides a whole host of benefits from expanding your worldview to gaining international experience, which will enhance both your resume and personal growth.