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Financial Planning

Manage the cost of study abroad by planning ahead, program selection, budgeting, and applying for scholarships, fellowships and financial aid. Suggestions are available from a variety of sources.

There are many ways to reduce the cost of study abroad. One key area is to plan ahead and select a program that makes the best use of credits towards graduation requirements. Smeal International Program Coordinators are available to meet with students to help them select the best program to meet their academic goals. We are also willing to assist with the decision about whether to study abroad for a summer or a semester.

Out-of-State students please note: Summer study abroad programs charge in-state tuition for all students. Exchange programs are a lower cost alternative for Pennsylvania residents. Penn State charges lower in-state tuition for fall and spring third-party programs like IES, Arcadia and CIEE to out-of-state students. Scholarships are available for many programs. See the links listed below. Students may schedule an appointment time online to talk about their unique concerns..

Planning Resources & Scholarships

Ryan Dickson proposes to Kerry Deutsch at the Trevi Fountain in Rome, Italy. Ryan Dickson Photographer.

Ryan Dickson, IST '10 proposes to Kerry Deutsch, Marketing
'10 at the Trevi Fountain in Rome, Italy.
Ryan Dickson, photographer

Smeal College of Business

Smeal International Programs Coordinators

Smeal International Study Scholarship

Smeal Community Engagement  and Development Grant

Smeal International Internship Endowment 

Cost Effective Programs - for PA residents and out-of-state students

Penn State University

Penn State Office of Student Aid

Costs and Funding

The Easy Guide to Study Abroad Scholarships

PSU Student Engagement Network Grant

Perreault Fellows Program: International Internship and Global Leadership Fellowship focused on health and human well being

Determine Your Education Abroad Budget

Employment on campus

IES Tips

Career Benefits - study abroad is an investment in your future career


University Fellowships Office - Visit the University Fellowships Office website or in 321 Boucke Building for more information about the following funding opportunities. You will also find many more scholarship and grants available for graduate studies abroad.

Scholarship Resources

Arcadia Scholarships and data base of additional scholarships

CIEE Scholarships

IES Scholarships - including a need-based aid decision in 5 days and merit-based (list in the left margin).

IES Additional Funding Sources

Foreign Language & Area Studies (FLAS) Fellowship

Fund for Education Abroad - for 1st generation to college and diverse students

NAFSA Scholarship - for experiential learning abroad

Congress Bundestag Youth Exchange (Germany)

Critical Language Scholarship Program - fully funded summer language intensive

PaCIE and The Asia Institute - study or intern in Asia

Freeman-ASIA Scholarship - study in Asia

100K Strong in Asia - study in Asia and Southeast Asia

100K Strong in the Americas