Participating in Global Study is an investment in your future and involves a commitment to advance planning, careful time and money management, creativity, and perseverance. Financing your experience is an integral part of that investment. The personal, academic, and professional rewards will last a lifetime.
There are various scholarships available that can help make your experience less financially stressful. Researching scholarships can be tedious, but time spent finding and applying for funding opportunities can pay off.
This webpage will provide information and resources for your study abroad funding search. After reading the contents of this page, feel free to ask the staff of the Isabella Cannon Global Education Center (GEC) questions. We are here to help you!
NEW for 2020-21: The Elon Global Scholarship committee has established a special COVID-19 Hardship Fund. Learn more below.
Planning Ahead for the Costs of Global Study
An Elon program is defined as a program approved by Elon University and the GEC. Consult the list of current Elon programs to see all approved programs.
You can apply Elon grants and scholarships and any federal aid toward an Elon program. If a program is a non-Elon program, you cannot use any Elon University grants or scholarships toward the program.
Average Cost: varies by program
Costs are broken down into three categories:
- What students pay to Elon (always Elon tuition, international health insurance and a study abroad fee)
- What students pay to the host institution (sometimes room and/or board are paid to the host rather than to Elon)
- Additional student cost estimates (including items like airfare, visas, books, and in-country transportation)
Some semester programs abroad may be similar in cost to what a student would spend for a semester at Elon. View each program’s budget sheet in MyElonGlobal for specific financial information.
Winter Term Programs
Average Cost: from $2,900 to $8,900 per course (2020)
View the Past programs page to learn more.
Note: The total, estimated cost of each program can be found by viewing the budget sheet on a program’s brochure page.
Includes: Roundtrip international airfare, shared accommodations, all transportation while abroad, entrance fees associated with course events, mandatory international accident and health insurance, and some meals (where indicated).
Students are responsible for domestic flight arrangements within the U.S., baggage fees, all meals abroad that are not included in the program cost, medications/vaccines, and spending money. See program-specific information for details on what is not included on a particular program.
Average Cost: varies by program
Includes: shared accommodations abroad, all transportation and entrance fees associated with course events, mandatory international accident and health insurance, some meals (where indicated), and summer tuition.
Students are responsible for all flight arrangements, all meals abroad that are not part of the program, medications/vaccines, and spending money. View each program’s budget sheet in MyElonGlobal for specific financial information.
Using the information above, create a tentative budget to determine what financial assistance you may need for the period in which you are participating in Global Study. Take exchange rates into account when calculating your budget. Do not plan your budget around the idea that you will work during your Global Study experience.
Whether you already receive financial aid or you are applying for the first time, you must complete the Free Application for Federal Student Aid (FAFSA) form, which can be found in the Office of Financial Planning or online. You must adhere to the same deadlines that apply for on-campus aid.
In order to be considered for further loans because of increased study abroad expenses, contact the Office of Financial Planning for an appointment after you have applied for a program through the GEC. Bring a copy of the semester, summer, or Winter Term cost information for your program when you meet with a financial planning advisor. Federal limitations apply.
A $400 deposit is due upon application to study abroad or Study USA summer or semester programs.
Deposits are paid through the application system, MyElonGlobal, by credit or debit card. An application is incomplete until the deposit is paid. Deposits can be refunded back to the student E-bill account until the deposit credit deadline, listed for each term on the deadlines webpage.
If you are unable to afford the deposit at the time of application, email Kevin Winpisinger at email@example.com. Deposit deferral requests must be emailed no later than 5 p.m. on the day of a deadline so we have time to check your eligibility.
The categories below help you sort your scholarship search.
Or, search the full list of scholarships for which the GEC maintains information. This is not a comprehensive list, but it is a good place to start.
GEC Access COVID-19 Hardship Funding
Students that have a change in circumstances due to COVID-19 resulting in a loss of at least $100 may submit a request for hardship funding consideration. The form is available through the student’s MyElonGlobal application.
This is NOT immediate emergency funding — If a student needs immediate emergency assistance, they should contact their on-site program as well as their GEC program manager. You can reach the GEC at any time by calling +1-336-278-5555 to reach our emergency on-call staff.
This process is for reimbursement consideration and takes a minimum of three weeks for funding to post as a credit to your student account — see the timeline below for details.
A change in circumstances due to COVID-19 could include situations such as:
– Family job loss or furlough (one month minimum)
– COVID-19-related illness or medical expenses
– Quarantine requirements, mandated by host country or program
– Mandatory or COVID-19-related living changes resulting in additional expense (e.g. switching from a homestay to an apartment)
– Changes in program inclusions, such as on-campus dining options being unavailable or program subsidies being revoked
– Mandatory program changes resulting in additional expense (e.g. study tour changed to a more expensive location, housing options are restricted and are therefore more expensive, etc.)
Requests will NOT be considered for:
– Travel interruptions or repercussions imposed by host country or partner from personal travel
– Personal decisions or factors unrelated to COVID-19 (e.g. staying in a hotel because of personal disagreement with roommate)
– Precautionary measures, such as cleaning supplies and PPE
– Fines or financial penalties associated with failure to comply with COVID-19 restrictions
– Family visits or travel
– Situations associated with normal travel risks (e.g. pickpocketing, minor loss of property, flight canceled due to weather, etc.)
– Travel or ticket additions such as extra baggage fees, in-flight wifi, first or business class, or lounge access
– Situations otherwise covered by your host program or through an insurance claim
The fine print:
– Maximum funding consideration is $2,000.
– If approved, funding will be added as a credit to your student account.
– This form can be submitted as a request any time before or during your program or up to two weeks after your program end date.
– GEC Access COVID19 Hardship Funding may be requested for multiple situations, but not multiple times for the same situation. E.g. a student may submit a request due to family job loss and an additional request due to expenses incurred during mandatory quarantine. A student may NOT submit multiple requests for the same job loss.
1. Student submits request.
2. Request considered by committee and student notified within one week (committee meets once a week to review requests).
3. Depending on the nature of the change in circumstances, funding amount will either be predetermined and credited to the student account within two weeks of notification, OR funding amount will depend on total expenses incurred, verified by student uploading final receipts/documentation. Upon receiving acceptable documentation, amount will finalized by committee and credited to student account within two weeks.
Elon Global Scholarships
Students can apply for Elon Global Scholarship consideration when they apply for a study abroad or Study USA program.
Elon Global Scholarships aim to support Elon’s goal of 100 percent access to global engagement by reducing the cost barrier for students with financial need.
Elon Global Scholarships are ONE-TIME, FIRST-TIME awards. In other words, if a student plans to study abroad or Study USA more than once while at Elon, they should apply for an Elon Global Scholarship for their FIRST program. If they do not apply for an Elon Global Scholarship for their first program, they are not eligible for consideration for any subsequent programs.
Also note that Non-Elon programs (i.e. programs applied for through a Non-Elon Petition) are not eligible for Elon Global Scholarships, and that if you study away through a Non-Elon petition, you are not eligible for Elon Global Scholarship consideration for future terms.
In order to considered, you must first meet three criteria:
1. FAFSA filed or CSS profile completed for the current academic year. If you have not yet filed a FAFSA or completed a CSS profile, do so as soon as possible to ensure you are eligible for scholarship consideration. If you’re not sure how to file a FAFSA or complete a CSS profile, please contact the Office of Financial Aid at (336) 278-7640.
2. Demonstrated financial need according to your current FAFSA/profile. If you are not sure whether you have demonstrated financial need, call the Office of Financial Aid at 336-278-7640.
3. No previous Elon global engagement. If you are not sure whether an experience at Elon (such as Fellows cohort travel) counts as “previous global engagement,” please call the Global Education Center (GEC) at 336-278-6700. If in doubt, apply for an Elon Global Scholarship below and we will determine your eligibility at the point of consideration.
Other Elon Scholarships
There are several sources of funding available on Elon’s campus. View the Elon Scholarship programs to learn more.
Elon Program Affiliate Scholarships
Outside scholarships are not connected to any specific Elon programs, but can be applied for on your own. All are awarded for semester or year-long study and are highly competitive. Many of these have very specific, detailed application requirements, so you should start researching them early. View the outside scholarship programs to learn more.
Federal Stafford Loan Information and Process
Loans represent an opportunity to assist with the cost of education. This is one form of financial aid that must be repaid, so please keep all borrowing to an absolute minimum. Repayment of principal begins six months after the student is no longer enrolled at least half-time.
There are two types of Stafford Loans: subsidized and unsubsidized. You may be eligible for one or both types, as shown on your award notification. Freshmen may borrow up to $5,500, sophomores up to $6,500, juniors and seniors up to $7,500 and graduate students up to $20,500 annually.
Additional unsubsidized amounts up to $4,000 (freshmen/sophomores) and $5,000 (juniors/seniors) may be applied for upon your parent’s denial of a PLUS Loan. The Department of Education may withhold origination fees from the previous listed amounts. Federal regulations require the loan proceeds be disbursed in two equal amounts. These proceeds are applied directly to your tuition account. Please contact the financial aid office for the next steps in applying for and accepting your loan eligibility.
Federal PLUS Loan for Parents and Graduate Students
This is a loan made to dependent student’s parent(s), graduate students, and professional students based on credit worthiness. The application and disbursement process is similar to that described for Stafford Loans. NOTE: The funds come in two equal disbursements.
Borrowers may borrow up to the cost of education less any other financial aid awarded. The Department of Education may withhold origination fees from your requested loan amount. Federal regulations require the loan proceeds be disbursed in two equal amounts, and they are applied directly to your tuition account. Please contact the financial aid office for the next steps in applying for a PLUS loan.
Private Alternative Loan Information and Process
These are long-term loans that are not based on need. Eligibility is determined based on credit worthiness and ability to pay. Alternative lenders are free to set their own repayment terms, interest rates, guarantee fees, etc. It is wise to compare several lenders to determine which ones are best suited to you. Like the PLUS Loan, you or your parents may borrow up to the cost of education less any other financial aid awarded.
Research Other Funding Sources
- Set your priorities.
- Work longer hours or get a part-time job if you will need additional funds for studying abroad.
- Search for scholarship funding appropriate to your program or individual qualifications and needs. Some good websites with information on study abroad funding are: