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Financial Planning


 

If you're interested in studying away, we don't want financial matters to deter you. In fact, you may be surprised to learn that the cost for most of our semester study away programs is comparable to a semester on Furman's campus. Students may apply financial aid to all of our approved semester programs (Faculty-Led, Affiliate and Exchange). Contact us with any questions you have about the costs associated with a study away programs.
 

FURMAN BILLING FOR FACULTY-LED SEMESTER PROGRAMS
Students are billed Furman tuition, room, and board plus a $250 study away fee for Faculty-Led semester programs. Bills are generated in July for Fall programs and in November for Spring Programs.
COST INCLUSIONS
Your payment to Furman includes round trip airfare, study visa, international insurance coverage, housing, and tuition and some meals* for semester away. (A meal credit will be posted to students' bills for the amount of money the program recommends to purchase meals not provided by the program). Most programs also include an academic excursion and fees for some program-related events or activities.
COST EXCLUSIONS
Excluded are costs for personal expenses such as books, materials, a passport and spending money.
FINANCIAL AID
All financial aid and scholarships can be applied toward a semester faculty-led study away program. Additionally, students may apply for a need-based study away scholarship.
NON-REFUNDABLE $500 DEPOSIT
Students should note that the initial non-refundable deposit payment of $500 must be paid out of pocket within two weeks of acceptance to the program. The $500 deposit payment will be applied to your total program costs.
MAYX COST INFORMATION
The price for a May Experience trip varies, depending on the program and the destination. Check with the program brochure on this site to learn about the program costs.
FURMAN BILLING
Students are billed in February for the billable costs of their program. The billable costs typically range from $2500-$6000. Check the program web brochure for detailed cost information.
COST INCLUSIONS
Your payment to Furman includes round trip airfare, a tourist visa (if necessary), international insurance coverage, lodging, activities, events, group travel and some meals.  
COST EXCLUSIONS
Excluded are costs for personal expenses such as books, materials, a passport, some meals, and spending money.
STUDY AWAY NEED-BASED SCHOLARSHIPS
Students may apply for a need-based study away scholarship.
NON-REFUNDABLE $500 DEPOSIT
Students should note that the initial non-refundable deposit payment of $500 must be paid out of pocket within two weeks of acceptance to the program. The $500 deposit payment will be applied to your total program costs.
FURMAN BILLING EXCHANGE PROGRAMS
Students are billed Furman tuition plus a $250 study away fee for exchange programs at Waseda University and Seinan Gakuin University.
Kansai Gaidai students are billed Furman tuition, room, and board plus the $250 study away fee. Bills are generated in July for Fall programs and in November for Spring Programs.
COST INCLUSIONS
Your payment to Furman includes tuition for Waseda and Seinan. For Kansai Gaidai, the payment includes tuition, room, and meals.
COST EXCLUSIONS
For students attending Waseda and Seinan, students are responsible for independently paying for lodging, all meals, round trip airfare, a student visa, books, materials, and spending money.
For Kansai Gaidai, students are responsible for paying for round trip airfare, a student visa, books, materials, and spending money.
FINANCIAL AID
All financial aid and scholarships can be applied toward a semester exchange program. Additionally, students may apply for a need-based study away scholarship.
NON-REFUNDABLE $500 DEPOSIT
Students should note that the initial non-refundable deposit payment of $500 must be paid out of pocket within two weeks of acceptance to the program. The $500 deposit payment will be applied to your total program costs.
 
FURMAN BILLING FOR APPROVED AFFILIATE PROGRAMS
Students are billed Furman tuition, room, and board plus a $250 study away fee for approved affiliate programs..
COST INCLUSIONS
Your payment to Furman includes tuition and room at your affiliate program (and some meals*).
COST EXCLUSIONS
Students are responsible for independently paying meals*, round trip airfare, on-site transportation, a school of record fee, a student visa, books, materials, and spending money. (*A meal credit will be posted to students' bills for the amount of money the program recommends to purchase meals not provided by the program).
FINANCIAL AID
All financial aid and scholarships can be applied toward a semester approved affiliate study away program. Additionally, students may apply for a need-based study away scholarship.
NON-REFUNDABLE $500 DEPOSIT
Students should note that the initial non-refundable deposit payment of $500 must be paid out of pocket within two weeks of acceptance to the program. The $500 deposit payment will be applied to your total program costs.
NON-AFFILIATED/NON-APPROVED STUDY AWAY SEMESTER PROGRAMS - LEAVE OF ABSENCE
Students who choose to participate in a study abroad program unaffiliated with Furman, must take a leave of absence. Contact the academic.deans@furman.edu The host institution will determine the tuition and fees for the program. You will not be billed by Furman University for the semester you are away, and you will not be able to use your financial aid or Furman scholarships.


Housing

Your housing options will vary, depending on the academic term and the duration of travel. Most housing costs are included in the total program fee. However, if you choose to reserve a room on campus while you away for a semester, this would be an additional expense. Find out more from Housing and Residence Life.

Budget Tool

For each program, students will have access to the Budget Tool which can better help students estimate the total cost of a program, including estimates of additional costs by which the student may be responsible. This price breakdown is provided to assist students in considering the potential costs and financial planning for the study abroad term. All fees are approximations and can fluctuate according to the exchange rates, program dates, program fees and changes in program structure. The amounts shown are NOT to be used for determining any amount of refund.


Study Away Scholarships

Every year, Furman offers need-based scholarships to students participating in a Furman Faculty-Led (Semester or MayX/Summer), Affiliate and Exchange study away program. To qualify for a Study Away Scholarship, students must have a current FAFSA on file at Furman. Apply for a Furman Study Away Scholarship.

Many affiliate and exchange programs offer scholarship opportunities and we encourage Furman students to apply for those funding sources.

Financial Aid

Students may continue to apply merit scholarships or need-based financial aid (but not work-study awards) toward approved faculty-led, affiliate and exchange semester programs. Aid is calculated based on the full cost of attendance in the study abroad program and therefore may differ from the amount of aid for a semester on campus.

If students have a credit after their financial aid funds have been applied toward fees billed by Furman, those funds will be transferred to student accounts so that students may pay their program directly for meals, books, flights, and other non-academic fees. However, funds will not be available until after the Financial Aid Office receives official notice from the host institution that the student is enrolled and participating in their selected program. It typically takes 7-10 business days  after the start of the Furman semester for funds to transfer following notification of enrollment. Please speak with a financial aid office member if you have any questions pertaining to Financial Aid.

Short-term interest-free loans are available through Financial Aid, and external funding sources are also available to help with study away cost.

External Funding Resources

Payment and Billing Information

Check your financial agreement for the specific program costs and due dates required for your program. Your non-refundable $500 deposit will be applied to your total program costs and appear as a credit on the final bill for your study away program. Learn more about payment options

Questions?

Additional information regarding costs and financial aid can be found in the Student Study Away Handbook.
You can also make an appointment with a study away advisor or a financial aid office member.