Fees, Costs, and Billing
Academic Year (Fall and Spring)
Vanderbilt University is committed to ensuring that study abroad is accessible and affordable for all students. Students remain enrolled full-time at Vanderbilt while studying abroad, earning credit toward their Vanderbilt degree and remaining eligible for Vanderbilt need-based and merit-based financial aid. Since students are enrolled at Vanderbilt University while studying abroad, they pay VU tuition for participation in a Vanderbilt-administered or Vanderbilt-affiliated program.
Vanderbilt tuition covers the academic costs of the program abroad, except in rare cases where the program’s academic costs exceed VU tuition.* Students will also pay all non-academic costs, including room and board. Wherever possible, Vanderbilt facilitates payment of non-academic costs by charging them as a Program Fee. This allows students to pay according to the familiar Vanderbilt schedule and ensures that their financial aid is utilized for payment. In cases where Vanderbilt is unable to process non-academic fees–such as most exchange programs–students will pay their host institution or organization directly.
In addition to these costs, Vanderbilt charges a Study Abroad Administrative Fee. This fee covers the cost of mandatory international health insurance for the term abroad. Vanderbilt University’s preferred plan is very comprehensive and includes coverage for mandatory evacuation, preexisting conditions, and mental health and substance abuse treatment. This insurance policy is required for all participants and cannot be waived.
To help students plan their time abroad, the Global Education Office (GEO) website will provide Program Budget Sheets that outline the estimated costs for study abroad. Program Budget Sheets outline costs paid to Vanderbilt University, costs paid to host organizations through Vanderbilt, and costs paid directly by the student to hosts and third parties.
* A small number of the study abroad opportunities available have academic costs that exceed the cost of Vanderbilt tuition. The balance of academic costs exceeding VU tuition will be billed as part of the Program Fee.
Students studying abroad in the summer term of 2019 will be charged Vanderbilt tuition (charged per credit hour) and, in some cases, a program fee. The Study Abroad Administrative Fee will also apply. See here for the most recent fees for summer programs. Fees for Summer 2019 will be posted in the spring.
Financial Aid and Scholarships
During the academic year, Vanderbilt University meets students’ full financial need (as determined by the Office of Student Financial Aid and Scholarships) regardless of whether they study on campus or away. If the total estimated cost of a study abroad program exceeds the cost of a comparable term at Vanderbilt, the financial aid package can be increased to cover the difference. Please contact the Office of Student Financial Aid to discuss your financial plan.
The Global Education Office encourages students to apply for supplemental funding for study abroad. GEO hosts a scholarship competition which draws on the generosity of donors as well as the Office of the Provost to make funds available for Maymester and summer study. External scholarships for academic-year and summer study can be found here.
Students are billed for Vanderbilt Tuition, Program Fee, and Study Abroad Administrative Fee by Vanderbilt Student Accounts. Student Accounts will send bills to the same billing contacts and according to the same procedure and timeline as for a term on campus. Students utilizing a payment plan may want to consider adjusting payments due to differences in cost.