Paris. Tokyo. Lima.
Just imagine living and studying in one of those cities: sitting at a sidewalk cafe, sampling sushi, or speaking Spanish.
It might sound like a dream. But it could become reality if you choose to study abroad.
If you’d like to do so but imagine it’d be completely out of your budget, then you should consider a study abroad scholarship.
7 study abroad scholarships you should know about
When it comes to studying abroad, navigating financial aid can be tough.
Although your aid might apply if you enroll in a university-affiliated study abroad program, it probably won’t cover all your living expenses. And it definitely won’t cover extra baguettes or spontaneous weekend trips.
That’s where study abroad scholarships can help. Although some are big and some are small, every dollar (or euro) will help you have a more financially secure experience.
Here are seven scholarships for studying abroad.
1. Scott’s Cheap Flights
Scott’s Cheap Flights is an email newsletter that alerts travelers about airline deals. And it recently started awarding one $1,000 scholarship each fall and spring to help young travelers see the world.
Applicants must be permanent U.S. residents enrolled in an accredited undergraduate or graduate program. To throw your hat in the ring, you’ll submit an essay of 500 to 1,000 words based on a prompt. The most recent one was “Why is travel important to you?”
2. Boren Awards
If you’re interested in working for the federal government, you need to give Boren Scholarships a look.
They offer a whopping $10,000 per semester to students who study less commonly taught languages in underrepresented regions “critical to U.S. interests.”
Students can apply to study in any country outside Western Europe, Canada, Australia, or New Zealand. Preference is given to those who stay for six months or more and those who study one of the following languages:
In exchange for the scholarship money, you’ll commit to serving in the government for at least one year upon graduation.
3. Fund for Education Abroad
The Fund for Education Abroad (FEA) offers a range of scholarships for students who want to broaden their travel horizons.
Scholarships are available for a full year ($10,000), semester ($5,000), or summer (a minimum of $1,250, prorated by the number of weeks).
To be eligible, you must be a U.S. citizen or permanent resident enrolled in an undergraduate institution. Preference is given to those with demonstrated financial need — especially first-generation, minority, or community college students.
Tortuga’s biannual study abroad scholarship offers one lucky winner $1,000 and a Tortuga backpack. The winnings can be used for tuition, room and board, books, or travel and will be sent directly to your program or university.
Applicants must be studying at a four-year university in the U.S. and, to be considered, must submit a 500-word essay.
Once you apply, however, your submission becomes the property of Tortuga and could get posted on its blog or social media accounts. Winners should expect to be featured.
5. Benjamin A. Gilman International Scholarship
Funded by the State Department, the Benjamin A. Gilman Scholarship Program is targeted at students who might not study abroad because of financial circumstances. It awards more than 2,900 annual scholarships of up to $5,000.
To apply, you must be a U.S. citizen and Pell Grant recipient studying at an accredited undergraduate institution. Awards are based on academic records, diversity of background, program and destination, and community impact. You could receive additional funding if you study a critical-need language.
Best of all, the scholarship comes with a year of noncompetitive eligibility hiring status with the U.S. government, which gives you an advantage when applying for government jobs.
6. Go Overseas
It makes sense that the popular study abroad website Go Overseas would offer its own scholarships.
They range from full-tuition scholarships for studying abroad in Ireland and New Zealand to partial funding for gap years. There also are biannual scholarships for studying and volunteering abroad in the amount of $500 each.
Any student enrolled full time at a U.S. institution can apply for the $500 study abroad scholarship by submitting a creative photo and 300-word essay.
7. Hostelling International
When you travel abroad, you’ll probably stay at hostels. And before you go, you probably should apply for a scholarship from Hostelling International (HI). In 2017, the company awarded 98 scholarships of $2,000 each.
Unlike many other programs, HI doesn’t require that you study abroad in an official credit-earning capacity; your trip simply must incorporate education or volunteering.
To be eligible, you must live in one of the communities where HI has a presence. You also must be a U.S. citizen or permanent resident between the ages of 18 and 30 and must demonstrate financial need by being a Pell Grant recipient or having an income that doesn’t exceed 300 percent of the federal poverty guidelines. (This year, that’s $36,180 for a single person in the contiguous U.S. or Washington, D.C.)
The wide world of study abroad scholarships
The study abroad scholarships above are general and applicable to a wide variety of students. But they’re just a small sampling of what’s available.
Depending on factors such as where you’re traveling and what you’re studying, you can find many more. There are, for example, scholarships for studying abroad in Japan or Eastern Europe, for Girl Scouts, and for kids of Chevron employees.
If you’re a person of color, a first-generation college student, or from a low-income family, you also should check out Diversity Abroad’s searchable database for a range of study abroad scholarships.
Lastly, don’t forget to see what scholarships your university or study abroad provider might offer; for instance, CIEE, IES Abroad, and USAC all have scholarships for students who study abroad through their programs.
While this list is a good starting point, it’s essential that you ask around and research all your options. Not only could it mean more money when you study abroad, but it’s a skill that will serve you well on your travels too.
Need a student loan?Here are our top student loan lenders of 2018!
|1 Important Disclosures for CollegeAve.
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
2 Important Disclosures for Discover.
3 Important Disclosures for Ascent.
Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB) or Turnstile Capital Management, LLC (TCM), which are not affiliated entities. Certain restrictions and limitations may apply. Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. All loan products may not be available in certain jurisdictions. Other terms and conditions apply. Ascent is a federally registered trademark of TCM and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank.
* Application times vary depending on the applicants ability to supply the necessary information for submission.
* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.
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5 Important Disclosures for PNC.
PNC Bank is one of the nation’s largest education loan providers. For over 40 years, PNC has been committed to helping students and their families make possible the adventure of college.
6 Important Disclosures for SunTrust.
Before applying for a private student loan, SunTrust recommends comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans. To view and compare the available features of SunTrust private student loans, visit https://www.suntrust.com/loans/student-loans/private.
Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue this loan program without notice. Availability of all loan programs is subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions.
SunTrust Bank, Member FDIC. ©2018 SunTrust Banks, Inc. SUNTRUST, the SunTrust logo and Custom Choice Loan are trademarks of SunTrust Banks, Inc. All rights reserved.
7 Important Disclosures for LendKey.
Additional terms and conditions apply. For more details see LendKey
8 Important Disclosures for CommonBond.
A government loan is made according to rules set by the U.S. Department of Education. Government loans have fixed interest rates, meaning that the interest rate on a government loan will never go up or down.
Government loans also permit borrowers in financial trouble to use certain options, such as income-based repayment, which may help some borrowers. Depending on the type of loan that you have, the government may discharge your loan if you die or become permanently disabled.
Depending on what type of government loan that you have, you may be eligible for loan forgiveness in exchange for performing certain types of public service. If you are an active-duty service member and you obtained your government loan before you were called to active duty, you are entitled to interest rate and repayment benefits for your loan.
A private student loan is not a government loan and is not regulated by the Department of Education. A private student loan is instead regulated like other consumer loans under both state and federal law and by the terms of the promissory note with your lender.
If your private student loan has a fixed interest rate, then that rate will never go up or down. If your private student loan has a variable interest rate, then that rate will vary depending on an index rate disclosed in your application. If the interest rate on the new private student loan is less than the interest rate on your government loans, your payments will be less if you refinance.
If you don’t pay a private student loan as agreed, the lender can refer your loan to a collection agency or sue you for the unpaid amount.
Remember also that like government loans, most private loans cannot be discharged if you file bankruptcy unless you can demonstrate that repayment of the loan would cause you an undue hardship. In most bankruptcy courts, proving undue hardship is very difficult for most borrowers.
9 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|3.69% – 10.94%1||Undergraduate, Graduate, and Parents||Visit CollegeAve|
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