Are you considering studying abroad? A first question to ask yourself is how to make the experience as affordable as possible. The good news is there are many financial aid and scholarship options available! However, sometimes students are not aware these options exist. A new study shows that if you’re worried about cost, you’re not alone.
According to the latest report by educations.com, which tracks trends in student behaviors and concerns, tuition fees and finding the finances to study abroad is one of the major growing concerns among students in regions around the world.
Prospective students in Northern Europe are 46% more concerned about covering study abroad costs than those who have studied abroad in the past. Meanwhile, prospective students in North America show a moderate increase in concern of 33%. In Western Europe, South America and Southeast Asia, concerns have grown slightly over 20%.
The solutions – Financial aid & scholarships
Something that might surprise you: you can use financial aid to study abroad! API does accept all forms of financial aid according to approval from your home university or organization.
One of API’s biggest goals is making a study abroad experience available for as many students as possible. Because of that, we offer more than a dozen scholarships. Among them: the API STEM scholarship (for students studying science, technology, engineering or mathematics); the API Diversity Scholarship (for U.S. military veterans, a non-traditional student, a student with a disability, a minority student, and/or a LGBTQ student); the API First Generation Scholarship (for applicants who are first generation college students); and more!
You can read more about all of these great scholarship options here and also explore other scholarship options available outside of API!
A priceless experience
Many API alumni have come home and said the experience overall is priceless. In addition, studying abroad really pays off in the long run! A study has found that nearly 90% of study abroad alumni were able to find their first job within six months of graduation. It also found that college graduates who studied abroad earned an average of $7K more than traditional college graduates. The benefits are endless!
If you’re curious about how studying abroad with API is different from other study abroad programs, click here! Happy travels!