Study Abroad Budget Worksheet
To get a preliminary cost estimate, you can use the following template to help you. Unless you plan for
fewer students, base your budget on 8 students. The cost may go down if you have larger groups.
Any funds not spent will be refunded at the conclusion of the program. While OIA realizes that some
prices may change, this budget should reflect how the cost per participant is set. Faculty members using
a third party provider need only to submit agreement with the price of the program included.
Per person cost:
Airfare
Visa
Housing
In-country travel
Admission fees
ISIC Card
Any planned meals
Insurance required
Other items
<sum>
Total per person
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CALCULATING TOTAL EXPENDITURE FOR PROGRAM:
Total per person x _________ (total group size including trip leaders) = __________TOTAL EXPENDITURE
CALCULATING COST PER STUDENT (building in a share of the trip leaders’ costs):
TOTAL EXPENDITURE / group size = _______________________ COST PER STUDENT
CALCULATING PRICE PER STUDENT (costs plus 10% cushion):
Cost per student x 1.10 = __________________________ PRICE PER STUDENT