Financing

1
Financing Budgeting for Short Term Study Abroad
Programs
2
Overview

• Planning
• Budgeting
• Setting the Price
• Funding
• Student Participation
• Overseas Institutions
• Questions!!!

3
A to Z Planning

• Where, When, What, Why, How

4
A to Z Planning (Cont)

• Why
• What are your objectives?
• What do your students want?
• Where
• Where do you want to go?
• Where will you start end?
• When
• When will you go?
• How many days?
• When are your deadlines?

• What
• What cities will you visit
• What type of accommodation is preferred?
• What do you want on the schedule?
• How
• Who will make the arrangements?
• Program provider?

5
Budgeting by PAX
10 Day Trip, Including 3 Faculty Stops in
Australia Fiji
When to Increase Capacity and when not to
6
Elements of a Budget

• Inclusions
• International Airfare(?)
• Excursions
• Some Meals
• Tuition
• Exclusions
• Domestic Airfare
• Insurance
• Personal Expenses
• Free Day Activities
• Sample Budgets

7
Aligning Goals Scope With Reality

• What Are Your Absolutes?
• What Will You Need To Attract The Students?

What Must You Have To Validate the Course?
8
Sample Schedule
9
Setting The Price

• What To Include
• Very easy to raise make the program
  unaffordable
• Finding Affordable Additions
• Academic Credit
• Remember the Student Budget

10
Funding

• Financial Aid
• Scholarships
• www.studyabroad.com/forum/financial_aid.html
• www.goabroad.com
• Student Fundraising
• Success Stories?

11
Student Participation

• Tips for Getting Students on Board
• Plenty of time!
• Study Abroad Office
• Fliers, Posters,Presentations
• Setting Payment Deadlines
• 90 Days Minimum
• Students FromInstitutions Other Than Your Own

12
Working With Overseas Institutions

• Challenges With Universityto University
  Relationships
• Pricing
• Timeliness
• Holidays OtherConsiderations
• Overseas Faculty
• Managing Expectations

13
Conclusion

• Handouts
• Questions