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Financial Aid, Scholarships & Grants

Scholarships
Receiving Financial Aid
Keeping it Affordable
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Available Scholarships

UK Education Abroad is committed to helping UK students make their experiences abroad more affordable. Please check with the appropriate Financial Aid advisor and Education Abroad advisor to see what scholarships apply to each student. Below is a list of the most commonly received scholarships.

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Please contact the appropriate Education Abroad advisor to determine all the options available. For more scholarship information please attend one of our Scholarship Info Sessions listed below.
Info Sessions: 207 Bradley Hall, 2:30pm-3:00pm

Thursday, Sept 3rd Wednesday, Nov 4th Thursday, Feb 25th
Wednesday, Sept 16th Thursday, Jan 21st Wednesday, Mar 9th
Thursday, Oct 8th Wednesday, Feb 3rd Thursday, Apr 7

Our annual Fall Scholarship Workshop will also be extremely helpful for students interested in scholarships. Come to the workshop for help on your scholarship essay, stay for the free pizza and candy.
Workshop: TBA

Recieving Financial Aid

  • All UK students who apply to and are approved by UK Education Abroad will be allowed to use their federal and state financial aid for credit-bearing education abroad programs.

  • ​Please note: summer financial aid is the remaing balance of what the student has not used for fall and spring terms. If the student is a full time student they may not have any remaining balance to apply to the program. In most cases remaining balances may be used, but the Financial Aid office must see that the student is enrolled in EAP 599 and obtaining academic credit while abroad. 

  • If students are participating on a program during the summer term students must complete a one page Summer Request form (available to students in late March from the Financial Aid office) and turn that in to the Financial Aid office to notify that they are requesting funds. 

  • If the student is not currently receiving financial aid, they may apply for aid by completing a Free Application for Federal Student Aid (FAFSA) available at http://www.fafsa.ed.gov/. All students are eligible for either need-based or non-need-based aid programs.

  • If the student is currently receive financial aid, they must first apply to an Education Abroad program. The appropriate Education Abroad advisor can assist the student to calculate the program cost and provide the student with the program budget form that they can take to the UK Office of Student Financial Aid. This form will list the approximate amount of money needed (including airfare and spending money) to finance that particular Education Abroad program.

  • The student must have an up-to-date FAFSA for the period they wish to study abroad. Keep in mind that the 2015-2016 FAFSA application includes the Summer 2016 terms.

  • While the amount of financial aid can be increased due to the additional costs involved in participating in an Education Abroad program, do not assume the student will be awarded 100% of the money needed to cover the costs of the program. Always seek additional sources of funding. A listing of alternative student loans is available from the UK Office of Student Financial Aid. A student may apply for these loans once they receive the e-mail notifying them of the award.

  • It's important to discuss with a Financial Aid advisor how use financial aid funds for participating in an Education Abroad program. UK Education Abroad doesn't want students to come home from an Education Abroad program and find out they don't have enough aid remaining to pay for the next semester.

  • IMPORTANT: The awarded Financial Aid amount is applied to the students UK student billing account at the beginning of the term they are going to be abroad.

Keeping it Affordable

Studying abroad can be expensive; however, there are various ways in which students can make this experience both enjoyable and affordable.

Fees and Billing
Funding Databases

Before Going Abroad

Consider Program Duration and Location: Short-term or summer programs are almost always cheaper on the whole than semester programs, but semester programs may provide more value per dollar spent, since a student usually earns two to three times as much credit for a semester program as a summer program. The cost of living varies dramatically based on program location. For example, many large cities in Europe have high costs of living while cities of comparable size in Latin America or Africa usually have much lower costs of living. Also, there are programs in small towns or cities in many countries that provide better value than a program in a large city.

Compare Exchange Rates: It can be helpful to compare the exchange rates of currencies in several counties to get the best deal on the dollar. Americans can get more for their money in some countries than in others depending on these exchange rates. Students can check current rates at this website. http://www.oanda.com/

Review Different Program Types: Exchange programs are usually the cheapest way to study abroad. UK students attend overseas universities for a semester or a year and pay their normal UK tuition and fees. Some exchanges also involve room and board, in which case UK students pay UK housing and meal fees, and receive room and board at the host institution. UK Sponsored Faculty Led Programs are programs taught by UK faculty abroad. The cost of tuition is waived for students participating in UK Faculty Led Programs. Students are responsible for the program fee and EAP 599 one credit hour place holder course. UK Partner Programs are programs offered to UK students by organizations with whom UK is affiliated (AsiaLearn, CEA, ISA etc.). These programs might be more expensive; however, they provide much greater variety of services to students.

Apply for Funding: The key to receive financial aid or scholarship money is to start early and plan ahead.

Evaluate Your Lifestyle and Current Budget: There are many ways to save money from existing funds. Many students are able to save substantial funds toward their study abroad experience just by working part-time and budgeting carefully.

While Abroad

Live Like a Local: It is helpful to observe how people in the host country or city live, where they eat, where they shop, etc. Living like a local rather than as a tourist will likely save money.

Learn the Local Language: Knowing the local language may help in bargaining for cheaper prices on goods rather than paying the tourist price.

Budget Carefully: A weekly or monthly budget is essential if a student is studying abroad on limited funds. Students may find our UK EA Scholarship Budget Sheet is a helpful tool in planning how to manage funds for this experience.

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