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Cost Estimates Cost estimates are listed on each program's website. Estimates are based on information provided by the host university and by reports from past participants. Billing Procedures There are generally two billing stages: Stage one: Tuition, Program, and Insurance fees due at the beginning of semester abroad All participants will receive a bill from the College of Engineering's International office at the beginning of the UW term they are abroad, usually in mid-August for the fall semester and early January for the spring semester. This one bill will cover the student's semester tuition, the International Engineering program fee of $300, and the mandatory CISI insurance for the whole time the student is abroad. The exact tuition amount is dependent on whether the student is on an affiliated or exchange program. All Australian programs are affiliated programs. Students who participate in an Australia program will receive a bill from the College of Engineering's International office based on the semester tuition at the Australian university. The exact US dollar amount will be based on the Australian dollar to US dollar exchange rate on the day of billing. All other programs through the College of Engineering are exchange programs. Students who participate in an exchange program will be billed for 12 UW credits (semester) or 6 UW credits (summer). The tuition the student pays to UW will allow a student from his or her host university to study at UW. Conversely, that student will pay tuition at his or her university, which allows the UW student to study there. Hence, the term "exchange program." Tuition checks should be made payable to UW-Madison and delivered to:
International Engineering Studies and Programs
The student must make sure that his or her mailing and billing addresses are updated with our office before they depart for their semester abroad. Stage two: Additional Fees Due to the Host University Many overseas universities require that students pay additional fees, such as an activity or enrollment fee, housing fee, or a fee for an enhanced orientation program. If this is the case for the UW student's program, he or she can expect to receive a bill directly from the host university, along with payment procedures and a payment deadline. Other costs Students will incur 'out-of-pocket' expenses before departing and while abroad. Students will need to purchase airfare to arrive in the host country. Once overseas, they will need money for entertainment, personal items (like toiletries) and vacation travel. Just like in Madison, students will need to buy groceries, pay rent, or purchase a bus/subway pass (some host universities include housing, meals and local transportation costs in their fees). Out-of-pocket costs are necessary to consider as part of the total costs of studying abroad. Financial Aid Financial aid is applicable to all UW-Madison degree-seeking students on study abroad programs. Students who already receive aid may qualify for additional funding to offset the extra costs sometimes associated with study abroad expenses. Additional aid often comes in the form of loans, although there are some need-based study abroad grants available annually. Likewise, if the anticipated study abroad costs are less than the on-campus budget, the aid package could be reduced. Even students who have not received financial aid in the past may be eligible for a loan to help with additional study abroad expenses. For more information, contact: Office of Student Financial Services
Disbursement of financial aid The process for receiving financial aid changes when students study abroad. Because the International Engineering office pays the students' tuition to the Bursar's Office, the full amount of aid will be mailed to the student as a refund check. Students should be sure to apply for a loan from a bank that will transfer financial aid electronically. Banks in the Madison area that provide electronic fund transfers are Anchor, Bank One, Firststar, First Federal, First Financial, M&I, Northwest, TCF, and the UW Credit Union. If the student's financial aid is disbursed as a paper check, the Bursar's office will email him or her once the check is ready and will require the student to come to the Peterson Building to sign their financial aid check. If the student leaves the UW-Madison campus before financial aid is disbursed, he or she should make arrangements with a financial representative (e.g., a parent) to handle financial aid. Accessing money abroad We offer students these tips on accessing and managing my money abroad:
Withdrawing from a program Official cancellation or withdrawal from a program requires a written notification from the participant either by email, fax or post. Cancellation/withdrawal becomes effective on the date the withdrawal notice is received by International Engineering, by email or postmark. Financial implications depend on the withdrawal notification date and expenses incurred by the program on the students behalf. |
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