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Financing your Travel Abroad Dreams

Studying abroad is generally regarded as a luxury by many, more so with the current state of the economy. But once students begin to investigate further, many of them are surprised to find that going abroad to study, intern or volunteer can be within their means — that is, if they do their homework.

Aside from working more and not touching the hard-earned bucks, students have several other options to help them go sooner or defray some, if not all, of the expenses of spending a few weeks to some years abroad.

Here are the general options:
Scholarships/Financial Aid
Student Loans

SCHOLARSHIPS
Opportunities are many, and can range from prestigious, full- coverage grants to a subsidy that covers only a portion of the term's fees. While a scholarship is something that a student almost always looks into, what many do not know is that there are grants that surface every now and then that are given out to encourage students to go abroad.

GoAbroad.com's Scholarships Directory lists such opportunities and updates these lists regularly. If a scholarship isn't available for your needs and qualifications today, who knows — it may surface in a couple of weeks.

Here are some scholarship news that have recently been brought to our attention:

Visit GoAbroad.com's Scholarship Directory for more opportunities.

FINANCIAL AID
The credentials needed in obtaining one varies. But for many students, Financial Aid may be applied towards studying abroad. Consult with your Study Abroad Advisor and Financial Aid office to know more about the applicability of your Financial Aid towards time abroad.

STUDENT LOANS
If taking out a loan seems the way for you to go, there are a number of organizations that offer services especially for international students. Check out Student Loans.

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