Scholarships and Financial Aid
Studying abroad can be affordable! McCombs undergraduate students participating on a BBA exchange program can continue to use their financial aid and existing scholarships toward their summer or semester abroad. In addition, numerous study abroad scholarships are available to help fund other study abroad-related costs such as your airfare, visa, passport, and international living expenses. It is never too early to start thinking about how to finance study abroad!
Students are encouraged to start researching their funding options early on as some scholarships require students to apply a semester or a year before departing overseas. Familiarizing oneself with the scholarship requirements and deadlines is an important step in preparing a successful application for scholarship consideration.
Study Abroad Scholarships
Every UT student studying abroad is eligible to apply for the International Education Fee Scholarship (IEFS) which is funded through UT student fees. Additionally, study abroad scholarships are available for other various locations and programs. We suggest you apply for as many scholarships as possible. Most scholarships are not comprehensive (less than $5000). It will take funding from multiple sources to achieve your goal. The Global A$$IST Scholarship Database references a listing of both UT and non-UT administered study abroad scholarships. However, it is not all-inclusive, so it is recommended to review all of the links provided to learn about local and national scholarship opportunities available to students.
Scholarships for BBA Exchange Programs
The Texas BBA Parents Council Scholarship is our newest Scholarship opportunity solely for McCombs undergraduate students studying abroad on exchange programs. Generously sponsored by the Texas BBA Parents Council, the scholarship is valued at $2,000 and is awarded to students going to any of our BBA exchange locations. The deadline for summer exchange is February 15th; Fall exchange is March 15th and Spring exchange is October 15th.
JTS BBA Summer Study Abroad Scholarship
deadline; for freshmen students studying abroad the summer after their freshmen year on a BBA exchange program to Mexico, Hong Kong (CUHK), Denmark, or Norway.
Study Abroad Scholarships for UT Students
General Study Abroad Scholarships
Helpful Funding Resources:
Financial Aid and Study Abroad
Financial aid is available for study abroad programs approved through the Study Abroad Office and BBA International Programs office at The University of Texas at Austin. Interested students seeking financial aid for their program should complete the FAFSA for the appropriate academic period. To assist in the timely receipt of your financial aid and to ensure full consideration for all aid for which you qualify, you must apply by the Priority Date. If you miss the priority date, complete the FAFSA no later than three months prior to your departure date.
The BBA International Programs office will send the Office of Student Financial Services (OSFS) the estimated cost for your study abroad program. OSFS will revise your financial aid awards based on these costs and send you a Financial Aid Notification. Additional grant funding is not available from the OSFS office for study abroad. Study abroad students are offered additional loans — student, parent, or private — as eligibility permits. Visit the UT Study Abroad Office Funding Web site for additional information.
SUMMER, FALL, SPRING, OR ANNUAL STUDY ABROAD PROGRAMS PRIORITY DATE: MARCH 31
Study Abroad Counseling and Financial Aid Counseling must be complete before any financial aid will be released. Important items to keep in mind as you prepare to go abroad:
Release of financial aid occurs around the first class day of the regularly scheduled UT Austin term or semester.
Pay deposits or airline tickets on your own; emergency cash loans are not available for students going abroad.
Ensure stateside contact information is accurate.
Work with your assigned Financial Aid Counselor to have any anticipated paper checks mailed to your stateside contact. International mailing is not available.
Source: Office of Student Financial Services, UT Austin
Money Matters: Financial Aid and Scholarship Info
Bryan Turnbough, a UT International Business and Asian Studies Major, provides a student perspective on the study abroad financial aid and scholarship process and how to put together successful applications for study abroad. Bryan presents this topic based on his own study abroad experiences and his research working at the UT Study Abroad Office on the Abroadly Speaking magazine.
Money Matters Presentation courtesy of the UT CIBER Program Office