Transcript Financing Study Abroad - Educational Opportunity Fund

Financing Study Abroad
“ C A N I A F F O R D TO STUDY A B RO A D?
Morocco
Argentina
TCNJ Office of Student Financial Assistance
London
Prepared and Presented by
Dionne L. Hallback 9/25/13
Objectives
 Distinguish between Exchange Program, TCNJ Off Site Global
Campus, Program Provider Abroad Study and Faculty-Led Programs
• Can all financial aid (federal, state, scholarship) funds be used to
fund Study Abroad programs?
• Scholarships – Are there scholarships for studying abroad?
• Evaluating if your financial aid is adequate or if you need additional
financial aid to Study Abroad?
• Importance of meeting with a Financial Aid Counselor
What’s the difference?
Exchange Program
 Per the exchange program agreement, students from exchange universities can study at TCNJ
and TCNJ students can study abroad.
 TCNJ bills the student for tuition and fees.
 Host Institution Program bills the student for other expenses (i.e. room & board, meals, etc.)
TCNJ Semester Programs (Off-Site Global Programs)
 TCNJ has an agreement with a few abroad schools which are TCNJ “Branded” Abroad Programs.
 TCNJ bills the student for tuition and fees
 Host Institution bills the student for room and board
Faculty Led Programs
 TCNJ Faculty travels & teaches with TCNJ students abroad.
 TCNJ bills the student for the program costs (tuition, accommodations, etc.)
Program Provider Programs

All costs are paid directly to the program provider

TCNJ does not bill the student.
Examples of Study Abroad Programs
Study Abroad Program
Names of Study Abroad Programs
Exchange Programs
•
•
University of Newcastle (Australia)
University of Nottingham (England)
TCNJ Off-Site Global Campus
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•
•
•
TCNJ Heidelberg
TCNJ London Study Center
TCNJ Prague Study Center
TCNJ Spain
Faculty Led Programs
•
•
•
TCNJ Barcelona
TCNJ Greece
TCNJ New Orleans
Program Providers
•
•
•
•
International Studies Abroad (ISA)
CIEE
GlobaLinks
Spring Hill College Bologna
*Consult the Center for Global Engagement website for the full list of Study Abroad Programs*
Can Financial Aid be used to
pay for Study Abroad Programs?
Program Type
Federal Aid
State Aid
TAG
EOF
Institutional
Aid
Private
Scholarships
Exchange
Program
Yes
Yes
Yes
Yes
TCNJ Semester
Program
(Off Site Global)
Yes
Yes
Yes
Yes
Faculty Led
Programs
(Winter and
Summer
Maymester)
Yes – only loans
No
No
At the discretion
of the scholarship
donor.
Program
Providers
Yes
No
Yes - Merit
Scholarships
Yes
No – EOF
Promise Funding
Must be considered a “full time” Undergraduate student: 12 credit (3 Units)
for the Fall and Spring semester.
Scholarships
 Benjamin Gilman Scholarship
The Gilman Scholarship Program offers awards for undergraduate study
abroad and was established by the International Academic Opportunity Act
of 2000. This scholarship provides awards for U.S. undergraduate students
who are receiving Federal Pell Grant funding at a two-year or four-year
college or university to participate in study and intern abroad programs
worldwide.
 Program Provider scholarships
Many of the Program Providers (i.e. ISA, CIEE, etc.) offer scholarships
through their programs. Contact the Program Provider or check their
website.
 TCNJ Center for Global Engagement Website
The link for Resources has a section “Financing Study Abroad” which list
scholarships links.
How much financial aid
can I use for Study Abroad?
 View #1 : Student Center > Finances > View Financial Aid
• View #2 : Student Center > Finances > Other financial > Pending Financial Aid
*Loan fees deducted.
*Amount of aid disbursed your account.
Meet with a Financial Aid Counselor
During the Financial Aid counseling session we will review the following:
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
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Study Abroad Cost
 Bring your Program Cost Sheet to the appointment. You can obtain a Program
Cost Sheet on the Center for Global Engagement website or stop by their office
(Green Hall 111).
Financial Aid
 Review your current financial aid award.
 If you need additional money a Financial Aid counselor will review other financial
aid options if applicable.
Budget
 Do you need to pay for just the program costs (tuition, fees, room, board)?
 Do you need additional money for other expenses (food, transportation, personal
spending money)?
TCNJ Auxiliary Access
 Grant a third party to conduct business on your behalf while you are studying
abroad.
Refund checks
 Timeline for refund checks
Study Abroad Refund Checks (if applicable)
Refund Direct Deposit
*The Office of Student Account manages the refund process*
Study Abroad Cost Sheet
1. Check the name of the ‘Sponsor’ (A)
*This lists the ‘type” of Study Abroad Program.
2. Financial Aid Budget: to determine your
financial aid budget which determines how
much aid you can receive for the Study Abroad
program add the following:
1. Total Program/Misc. Costs (B)
2. Airfare (Estimated) (C)
3. Review your Financial Aid awards listed in
PAWS to determine:
1. If all of your Financial Aid can pay for the
Study Abroad costs.
2. If you need to research scholarship
opportunities.
3. If you need to borrow loans to pay for any
additional expenses.
Contacts
Office of Student Financial Assistance
Green Hall 101
609-771-2211
[email protected]
Dionne L. Hallback
Tom Foga
*Financial Aid Counseling*
Center for Global Engagement
Green Hall 111
609-771-2596
*Consultation regarding the Study Abroad Opportunities*