Skip to main content

Financial Planning

UC International Grants

Students who would like to apply for a grants and are participating in an individual study abroad program (one that is not lead by a UC professor/instructor), should follow the deadlines listed below and click on the link to apply through our online application. Students traveling on faculty-led programs should not apply for individual grants, as they will receive a block grant. 

Grant Deadlines:

  • June 15th for fall travel
  • November 15th for spring travel
  • March 15th for summer travel
For grant eligibilty and information on applying for the UC International Grant please click here

Studying Abroad on a Budget

  • €Consider countries where the cost of living is lower. For example you will spend considerably more to study in Spain vs. Mexico. 
  • Consider less mainstream destinations that may have less expensive programs; for example, it costs much less to study in Viterbo, a city outside of Rome, than it is to study abroad right in Rome; just like living in Cincinnati costs less than New York.
  • €Consider the difference between cost and value. Sometimes a longer term experience can give you a better bang for your buck!  Summer programs may be an added cost if you normally don’t take summer courses.
  • €Plan to apply for scholarships early so you don’t miss important deadlines.
  • €Set priorities: choose to work longer hours or get a part-time job to earn additional funds.
  • €Look at your lifestyle and make small sacrifices to put extra money aside, such as postponing the purchase of new jeans or drinking tap water instead of a daily soda or latte. 
  • €Tell relatives to waive holiday and birthday gifts in exchange for financial support.
  • €Consider setting up a crowdsource online funding account such as FundMyTravel and GoFundme to utilize your network of family, friends and personal contacts to assist with fundraising for your abroad experience.
  • €Search for lower cost airfare rates and book airline tickets early.  STA travel has an airfare deposit program that allows you to pay only $300 for your ticket up front which holds your seat and you can pay the rest up until a week before departure.
  • €While abroad, budget your funds carefully. Make a weekly or monthly budget and stick to it.  Some students find it helps to write down each purchase in a small notebook or sort and organize receipts at night.  Sometimes simply creating a budget and looking at it regularly can help you stick to it and manage your funds wisely. Consider living like a local rather than a tourist and make sure to use student discounts to help keep costs down.

Using Financial Aid to Study Abroad

  • Before you start planning your study abroad experience, make sure you understand your current expenses.  For example, if you plan to study abroad for a semester, make sure you understand how much you spend in a given semester at UC on tuition, housing, meals, parking, gas, bills, going out, shopping, etc. Knowing your current spending habits can help you plan your budget for your study abroad experience.  Make sure you understand your current financial aid allowance and scholarships too.  For questions about your current UC financial aid or if you wish to use financial aid for the first time, contact the study abroad specialist in UC’s financial aid office: Lavonya.Perdue@uc.edu.
  • Students can use their financial aid to study abroad (grants, loans and scholarships) though you must work closely with your study abroad advisor, academic advisor and financial aid advisor to make sure that the program you select will work with your financial aid package.  Certain abroad experiences may have a different process for financial aid so check with your advisor at UC International Programs if you have any questions.
  1. General information: Your contact information, which program/university you will be studying at, address while abroad, and exact program dates (mm/dd/yyyy).
  2. Academic coursework: Courses you plan to take abroad, course equivalencies and total number of credits signed by your academic advisor. It’s best to attach your Academic Credit Approval form rather than complete this section.
  3. Host institution: If you are participating on an exchange program, UC International will complete this section on behalf of the partner institution.  Otherwise, this is completed by your program provider or external institution and they would need to verify your travel dates, budget, and part or full time student status. 
  4. Home institution: Completed by Lavonya Perdue after the complete agreement is submitted to UC International and/or uploaded online. You must attach an acceptance letter and budget/cost sheet/invoice to your contractual agreement.

External Scholarships

There are a variety of scholarships available for study abroad. Most external scholarships are country/region specific, some focus on ethnicity, there are scholarships dedicated to STEM majors (science, engineering, technology, mathematics), and others are language focused. For information on nationally competitive awards, email global@uc.edu.