Invest in Yourself –

Studying abroad can seem financially demanding. In addition to academic costs, you must factor in airfare, housing, and other travel expenses. We make every effort to develop and recommend programs that are high quality and cost efficient for students at Concordia St. Paul. Study abroad can be surprisingly affordable! Below you will find more information on financing study abroad.

Finances can be a major factor in selecting the right program. Consider the following suggestions and steps when choosing a program.

For information about Graduate Travel Seminars, please follow the link: Financial Information for Graduate Students


  • TYPE OF PROGRAM – Determine your needs and interests (location, credits, cost of living, type of program). Compare the cost and features of each program to find the best match. For the most cost efficient programs, check out CONCORDIA ST. PAUL’S FEATURED PROGRAMS.
  • SCHOLARSHIPSAPPLY FOR SCHOLARSHIPS, specifically for study abroad available through a number of organizations. Start applying early, take a look at the SCHOLARSHIP QUICK REFERENCE SHEET for information on deadlines and requirements.
  • MEET WITH THE FINANCIAL AID OFFICE – It is possible to use financial aid for most credit-bearing study abroad options endorsed by Concordia University.
    1. Complete your FAFSA and be sure you have a current FAFSA on file.
    2. Obtain the Study Abroad Cost Estimate Form from your study abroad advisor.
    3. Request an appointment with financial aid (state that you want to meet to understand financing study abroad). Bring your study abroad cost estimate form to this appointment. By the end of this appointment, you should have a clear understanding of your out of pocket cost. See below for common questions to ask:
      1. I want to take out loans to cover the costs, what do I do now?
      2. What types of loans would I be eligible for (federal, state, private, etc.)?
      3. Are there any restrictions on what the loan money can be spent on?
      4. What is my out of pocket cost?
  • WORK AND SAVE everything you can to make this experience possible for you. Try to put a percentage of your paycheck away just for study abroad.


  • OUT-OF-POCKET EXPENSES BEFORE DEPARTURE – Students are responsible for up front expenses (plane ticket, passport, deposits, and visa) prior to financial aid awards disbursing, so plan your finances carefully.
  • LIVING AND TRAVEL EXPENSES – Room and board costs are usually established by the program provider. It is important to take into account the COST OF LIVING. For example, living in London is generally more expensive than living in St. Paul, while living in Asan, South Korea on CSP’s exchange program is generally less expensive.
  • CREATE A PERSONAL BUDGET – How much do you spend how? How much will you need to spend abroad? What should your average daily expenditure be?
  • CANCELLATION CONSEQUENCES – Meet with your study abroad advisor and financial aid counselor to understand cost before you commit financially to a program. Deposits and fees are usually non-refundable.


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