HOW TO AFFORD STUDY ABROAD Meg Underwood, Office of International Education Mike Carpenter, Office of Financial Aid Angie Proffitt, IU Credit Union What is study abroad? (Meg Underwood, OIE) How does financial aid apply? (Mike Carpenter, FA) What scholarships are out there and how do I find them? • What affordable programs are out there? • How do I budget/save for a program? (Angie Proffitt, IU Credit Union) • Should I take out a loan? (Angie and Mike) • • • TODAY’S QUESTIONS WHAT IS STUDY ABROAD? IT REALLY IS AFFORDABLE – USE YOUR FINANCIAL AID • All* aid – IPFW Programs (IPFW Tuition like Faculty-Led or ISEP exchange) • State aid – IPFW/ IU/ Purdue Programs • Federal aid – All approved 3rd party programs (like ISEP Direct and CIEE, API, SIT, IFSA Butler, etc) ADDITIONAL SCHOLARSHIPS JUST FOR STUDY ABROAD IPFW OIE STUDY ABROAD SCHOLARSHIP • • SA Scholarship – Due 3/25 for Summer 2016Spring 2017 Eligibility: • • • • • IPFW student in good academic and discipline standing Participation on an approved creditbearing program (please see study abroad advisor for more information) Minimum GPA of 2.5 Priority is given to students who participate in IPFW, Indiana University, or Purdue University study abroad programs Commit to completing an evaluation and participate in a return interview. • Checklist for Application Materials • scholarship application form, (cover letter application and faculty reference pages) • Financial Aid Award Package - Go to MyIPFW, click on enrollment tab >financial aid requirements -> status -> awarded -> award overview • IPFW Faculty recommendation form and letter • Personal Essay: Please write an essay between 300-500 words in length explaining what studying abroad will do for you. Explain why you want to go. How do you think it will help you in the future and what do you expect to get out of it? Please include personal and career goals. OFFICE OF MAJOR SCHOLARSHIPS ADVISEMENT • The Office of Major Scholarship Advisement (OMSA) is the central coordinating office providing information, advice, and support to students who wish to apply for nationally competitive major scholarships. • Dr. James Toole, Director of Major Scholarships toolej@ipfw.edu Helmke Library, Room 208 Phone: 260-481-6885 • Michele Shawver, Administrative Assistant shawverm@ipfw.edu Helmke Library, Room 201 Phone: 260-481-6924 OTHER PLACES TO LOOK FOR SCHOLARSHIPS • Make a budget! Make a goal & look at your life first, and the program you choose • Program/Company scholarships • Departmental scholarships • Organizations of you and your parents • Search engines like IIEpassport • IPFWStudyAbroad Pinterest Board • Local companies, churches, organizations • Family and Friends with GoFundMe AFFORDABLE IPFW PROGRAMS • IPFW Seoul Women's University - BIP – Bahrom International Program is a 4-week summer program in Seoul, South Korea. The program is conducted in English, and is an “experience Korea” cultural program. Cost : $300 total Deadline: February 13 • IPFW Miyazaki – Japanese Language and culture summer program only $500 + airfare • ISEP Exchange Programs - Affordable Immersion Experience for IPFW Tuition, Housing, Meals (~ 9,000 + financial aid applies) Over 500 programs in 50 different countries available through ISEP Priority Deadline: February 9, 2015 for Fall or AY , Sep 1 for spring • IPFW Anyang Exchange - About $5-7,000 for one semester in Korea • IPFW BUS D490 and Korean Economics MORE AFFORDABLE PROGRAMS • Critical Language Scholarship (CLS) Program fully funded language study! Deadline: Approximately October 2016 • The US-UK Fulbright Commission These summer programmes provide the opportunity for US undergraduates (aged over 18), with at least two years of undergraduate study left to complete, have at least a 3.5 GPA, to come to the UK on a three, four, five or six week academic and cultural summer program. • Congress-Bundestag Youth Exchange 75 American and 75 German Young Professionals the opportunity to spend one year in each others' countries, studying, interning, and living with hosts on a cultural immersion program. • Le Mans France – Only 3,000 for Intermediate French program BUDGET & SAVE LOANS • How to apply • How to pay for a loan • Types of loans