Finances and Scholarships

How will you fund your study abroad?

Study abroad has a reputation for being expensive, but it does not have to be. Consider Miami faculty-led or co-sponsored programs to make use of Miami scholarships. There are also national scholarships to support experiences abroad. Deadlines for some national scholarships can be 6-12 months prior to the departure date of your program. Be sure to plan ahead!

Make Cost-Effective Choices

Consider the strategies below if you are looking to study abroad on a budget.

Get off the beaten path

Look for programs in countries with a lower cost of living. Consider locations like Costa Rica, Peru, Thailand, or Ghana. Some scholarships prioritize students who choose to study abroad in non-traditional locations.

Choose a semester

It may seem counter-intuitive, but a semester program is often more cost-effective than short-term programs. For example, you are probably already budgeting for one or more semesters on campus, but not necessarily for the winter and summer terms. On semester programs that charge Miami tuition, you can also leverage more of your Miami scholarships and financial aid.

Look for discounts

Many program providers offer automatic discounts to students just for attending a public university. Others have a match policy, through which they will automatically match your Pell grant or Gilman scholarship. Be on the lookout for these easy ways to reduce the program cost.

Maximize the credits you earn

Consider petitioning Miami to have your courses to count toward Liberal Education requirements. Think about how many requirements you can complete abroad to move you closer to graduation. Teach English abroad. While most study abroad programs prohibit you from working due to visa restrictions, some offer work-study positions that include opportunities to teach English.

Be flexible

We cannot guarantee that every program will be affordable for you. Plan ahead and do your research to find the program that meets your financial needs.

Federal Financial Aid and Scholarships

Students must file a FAFSA to be eligible for federal financial aid and scholarships. Financial aid can typically be used for study abroad during the fall and spring semesters. Should a student choose to study abroad in the summer or winter terms, aid may or may not be available depending on the amounts used during fall and spring. If you have questions about your financial aid, contact the OneStop for Student Success Services.

Miami-Administered Scholarships and Aid

NOTE: All Luxembourg students are automatically considered for available scholarships

  • Global Initiatives Scholarships—Complete the Scholarship Questionnaire in your study abroad program application to be considered for Global Initiatives Scholarships. The majority of scholarships are awarded based on financial need (FAFSA). Only programs that charge Miami tuition (e.g. faculty-led, MUDEC, exchange) are eligible for scholarship support. Scholarship reviews will take place according to the following schedule:
    Scholarship Review Schedule
    Term Review Notification
    Fall/AY April 1 April 15
    Winter August 1
    (beginning 2021; review for 2020 has already occurred)
    August 15
    (beginning 2021; notification for 2020 has already occurred)
    Spring September 15 October 1
    Summer January 1 January 15
  • Center for Student Diversity & Inclusion Funds
  • Farmer School of Business Scholarships
  • Havighurst Center for Russian and Post-Soviet Studies Travel Grant
  • Miami Career Center Summer Internship Awards
  • Miami Family Fund
  • Ohio International Consortium Scholarships
  • Study Abroad Airfare Grant—Oxford undergraduates who have filed a FAFSA and meet financial need criteria are eligible for up to $600 in the form of an airfare grant and may receive an additional $600 in the form of an interest-free university loan. The airfare grants can only be used for semester or year-long study abroad programs.
  • Academic Department Support—Check with your academic department on the availability of additional scholarship support.

Miami University Waivers

If you are currently the recipient of a waiver, you can be use your waiver toward study abroad programs that charge Miami tuition. General fees and Program fees still apply and are the responsibility of the student. Such waivers include, but may not be limited to:

Funding Overview

Program Type Credit Cost Federal Aid may apply Miami scholarships may apply
MUDEC
(Luxembourg)
Miami Miami tuition/fees Yes Yes
Faculty-led Miami Miami tuition/fees Yes Yes
FSB Semesters Transfer Miami tuition/fees Yes Yes
Co-Sponsored Transfer Miami tuition/fees Yes Yes
Exchange Transfer Miami tuition/fees Yes Yes
Approved Transfer Program fees Yes No

National Scholarships

National Scholarships are programs designed to increase participation in study abroad.  Many are funded by private organizations, the U.S. Department of State or Foreign Governments. The selection process is competitive, so we recommend meeting with our Scholarships Advisor, Karla Guinigundo, before applying.

Other External Resources

There are many funding sources available, but it often takes time to search for them. Browse through these website for additional resources.

Crowdsourcing

Consider your social networks. Many people are excited to support students in their academic and professional development endeavors.  Think about how can use your social media and community networks to raise funds for your study abroad.

When writing your profile, be sure to articulate what academic and professional benefits study abroad will bring you. Be sure to be convincing in why people should support you. The results may surprise you.