Financial Aid

This page is meant to inform you about what scholarships, financial aid, student loans, and other resources are available to you or your student.

Most people find that with the proper planning and program consideration, an international program is affordable and available.

Please note, all IEP-specific scholarships, grants and discounts are only applicable for participants of IEP programs.  If you are currently enrolled on another program through your home university or another study abroad provider, you are not eligible for an IEP scholarship.

Please view the scholarships listed below.  Before submitting an application, be sure to review eligibility and application requirements and deadlines.  For additional international scholarship opportunities, please visit the Alumni page.

IEP Correspondent Scholarship

This scholarship is meant to create and assist engaged study, internship, and volunteer participants abroad.

  • Award Amount: $250-$500
  • Eligibility: Participants of an IEP semester, summer, internship, or volunteer program of at least 2 weeks in length.
  • Application Requirements: Submit the IEP Student Correspondent Scholarship Application to frances@iepabroad.org or drop it off in the Office of Education Abroad.  IEP Student Correspondent Scholarship recipients will be expected to positively engage in their host culture and share their experiences by blogging about them and participating in IEP presentations.
  • Disbursement: Scholarship will be deducted from your program invoice.  If you do not recieve the deduction please notify Frances Weiner at 740-597-9033 or frances@iepabroad.org.
  • Deadlines: Fall: April 1       Spring: October 15         Summer: March 1
  • Click here for application

 

IEP Leadership Scholarship

Available to campus leaders of student and social organizations, the scholarship is provided to enhance the awareness of a participant's experience to an engaged audience on campus.

  • Award Amount: $250-$500
  • Eligibility: Participants of an IEP semester, summer, internship, or volunteer program of at least 2 weeks in length.
  • Application Requirements: Submit the IEP Student Leadership Scholarship Application to frances@iepabroad.org or drop it off in the Office of Education Abroad.  IEP Student Leadership Scholarship recipients will be expected to positively engage in their host culture and share their experiences by blogging about them and participating in IEP presentations.
  • Disbursement: Scholarship will be deducted from your program invoice.  If you do not recieve the deduction please notify Frances Weiner at 740-597-9033 or frances@iepabroad.org.
  • Deadlines: Fall: April 1       Spring: October 15         Summer: March 1
  • Click here for application

 

Additional Scholarship Resources

 

IEP accepts all federal, state and private grants, loans, and scholarships when applicable. IEP is not able to make decisions about what financial aid is available to an applicant. Each individual must set up an appointment with his or her financial aid office and discuss what types of aid are available for a study, internship or volunteer program and how the funds will be disbursed.

Follow these steps to apply your financial aid:

  • 1) Meet with your financial aid office and be informed about what types of aid you have and what types of aid your institution will allow you to apply to your program.
  • 2) Inform IEP that you plan to use financial aid. IEP will complete the first section of the Financial Aid Verification Form and send it to you via fax or mail to complete.
  • 3) Take the Financial Aid Verification Form to your financial aid office and complete the applicant/student section.
  • 4) Submit the completed form to IEP. IEP will verify the information with your financial aid office.
  • 5) Some institutions require that you meet with the study abroad office to ensure the disbursement of financial aid. Please visit your home institution’s study abroad office to check on your campus’ procedures.

Please Note: By signing the Financial Aid Verification Form as well as the Code of Conduct, the applicant is stating that they will be responsible to make the full program payment prior to departure. IEP is not responsible for financial aid that is not disbursed by the institution.

Many participants feel that taking out a student loan is beneficial to make a program payment or provide a financial cushion for living expenses and spending money while overseas. Below are some links to student loan providers who may be able to help you finance a program. The financial aid office in your home campus may have more specific advice as it relates to student loans.

 

Payment Plans

IEP will work with individuals to set up an interest-free payment plan for his or her particular program. The benefit of a payment plan is that it allows the applicant to pay in smaller installments rather than all at one time. However, full program payment is still due prior to departure on any program. Please contact IEP to set up your individual payment plan.

Budget

Never underestimate how much you can save if you set a budget and stick to it! Figure out what your monthly expenses are and then set aside a certain percentage of your disposable income each paycheck for your program. Saving to pay for your own program gives you a sense of “ownership” and pride in working to earn an experience that you will remember for the rest of your life.

Credit Cards

Most international destinations provide ample access to ATM machines and many stores and businesses accept major credit cards (Visa and Mastercard). For this reason, IEP recommends that program participants bring a debit card to withdraw cash locally for day-to-day expenses and expenditures and a major credit card for additional financial security in the case of an emergency or a pinch. Please review the international financing fees with your bank and credit card before departure.

Need Additional Funds? Get Creative!

Send a support letter to people who traditionally give you a gift during a holiday or birthday and ask that they contribute to sending you abroad instead! Or team up with your study abroad office, the International Student Union, sorority or fraternity on your campus and throw an internationally focused event with a cover charge. You can be engaging in other cultures before you even board a plane!

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