Planning for your Program Costs

Whether you're shopping around for the program that best fits your needs and budget, or you've already selected one and are looking to fund it, planning is key for successfully financing your study abroad experience.

Get Started

• Compare the BBA SIPs to find which one best fits your budget.
• Learn about the cost of living in the different BBA SIP locations (Buenos Aires, Edinburgh, Hong Kong, Paris), to get a realistic idea of the expenses you will likely incur.
• Calculate the “real cost” of studying abroad by comparing it to taking 6 hours during the summer at UT. Use the cost comparison worksheet developed by the UT Study Abroad Office and BBA IP. 
• Determine your expenses and your income by using our interactive budget calculator.
• Do research on available scholarship and financial aid options on our site.

Financial Aid

• Can I apply my financial aid abroad?
  Absolutely! Financial aid may be applied to all BBA Short-Term International Programs. However, keep in mind that the type of aid received may be different from the awards package you receive while at UT. This is due to the fact that your courses are abroad, and take place in the summer semester. Although certain grants such as UT grants may be used abroad, it is possible that some scholarships or grants will NOT transfer abroad, or may only be applied to long semesters (Fall/Spring). In most cases, loans will be the primary source of financial aid awarded. For details on whether certain grants may be used abroad, please contact your financial aid advisor.
• How do I apply for financial aid?
  You apply as you would for any other semester at UT. Please complete the FAFSA application accessible on the FAFSA website by the March 15 priority deadline. For additional instructions on FAFSA, please visit UT Office of Student Financial Services.
• Can I defer my UT tuition until my financial aid is released? 
  Possibly. Undergraduate students participating in a BBA SIP may be able to defer the tuition payment of their UT-taught course until their financial aid is released. This depends on their particular aid, registration hours, etc. Students should contact the Office of Student Financial Services for information specific to their record. However, students MAY NOT defer the payment of the UT Affiliated Course fee or the BBA SIP Program fee.
• When can I expect my financial aid to be released?
  Financial aid awards are disbursed at the beginning of the summer term. Realistically, this means most students will receive their financial aid in mid-June (once the programs are underway). As such, it is important that students arrange for funds to cover expenses prior to departure, as well as immediate expenses for the initial weeks abroad.
  This includes:
  • BBA SIP program fee, balance due April 15, 2013
  • Affiliated studies fee, due in April
  • Airfare
  • Food, transportation and miscellaneous expenses for the first few weeks abroad

Scholarships

BBA Short-Term International Program Scholarships

SIP Study Abroad Scholarship

BBA IP provides financial assistance to deserving students who are participating in a BBA Short-Term International Program. Awards are based on merit and financial need.
Eligibility: Any student participating in a BBA SIP Summer Abroad Program.
Number of awards: Four awards, one per BBA SIP program
Award amount: $1000
Scholarship Deadline: March 1st, 2013
Application: On Global Assist

First Generation Scholarship

For many first generation students, going to college is just as much about changing things for themselves as it is for their families. Going abroad during college is an additional leap which BBA IP wished to recognize. This scholarship awards first generation college students who are taking on the additional challenge of study abroad through BBA IP.
Eligibility: BBA SIP participant who is the first in their immediate family to attend college.
Number of awards: Three
Award amounts: $1000
Scholarship Deadline: March 1st, 2013
Application: on Global Assist

BHP Summer Study Abroad Scholarship

Sponsored by the Business Honors Program office, this scholarship is open to BHP undergraduate students enrolled in a BBA SIP Program.
Number of awards: Three
Award amount: $1000
Scholarship Deadline: March 1st, 2013
Application: On Global Assist

BBA SIP: Supply Chain Management Center of Excellence Scholarship

 Sponsored by the McCombs Supply Chain Center of Excellence. This scholarship is open to students participating in the Supply Chain Management Program in Hong Kong. Preference is given to students in the Supply Chain Management major, students with a business concentration in Supply Chain Management, or undeclared majors who intend to declare Supply Chain Management as a major.
Number of awards: Three
Award amount: $1000
Scholarship Deadline: March 1st, 2013
Application: On Global Assist

Texas Competitive Scholarship Waiver

This scholarship is provided by the state of Texas in order to offset the cost of non-resident UT-tuition for the BBA SIP programs, UT has committed this scholarship for merit- based non-resident students.
Eligibility: Open to non-Texas students participating in one of the BBA SIP
Number of awards: Ten
Award amount: $1000 plus in-state tuition waiver 
Scholarship Deadline: March 1st, 2013
Application: Download and submit to Maria Terrazas  

Other Scholarships

25-Year Anniversary Scholarship

 Eligibility: Undergraduates going on UT-approved programs in under-represented regions: Africa, Asia (excluding Japan and China, except for Hong Kong), Caribbean, Central America and the Middle East (including Turkey). Awarded based on financial need. Apply on Global Assist. 
Award amount: $2,000 each
Deadline: February 15, 2013
Application: On Global Assist

International Education Fee Scholarship

Eligibility: Open to any UT students studying or conducting research abroad.  Apply on Global Assist. 
Award amount: Approximately $1,200 - $1,800
Deadline: March 1st, 2013
Application: On Global Assist

First Abroad Scholarship

The First Abroad Scholarship provides first-generation college students with the opportunity to study abroad by reducing the financial burden. Approximately 25 recipients a year will receive a one-time scholarship of $3,000 to help cover the cost of the UT-approved study abroad program of their choice. Recipients have up to two academic years to select a program and participate, ensuring sufficient time to plan their study abroad experience. For example, a student who is awarded a First Abroad Scholarship in May 2012 may use the scholarship in any term between fall 2012 and summer 2014.
Eligibility:

• financial need (current FAFSA on file with UT Austin),
• first-generation in college student (neither parent has completed college),
• first time in college, and
• fewer than than 60 hours earned at UT Austin

Deadline: December 11, 2012

Application: First Abroad Scholarship. For more information, contact Margaret McCuller, the First Abroad Scholarship Coordinator. Email:mccullersm@austin.utexas.edu.

Global Pathways Planning Scholarship

• Approximately 25 awards
• $2,000 each
• Recipients have up to two academic years to select and participate in a UT-approved study abroad program.
  

Eligibility:

• Must be applicant’s first time in college (did not transfer after a year at another institution - high school dual enrollment okay)
• Must have less than 60 credit hours earned (completed) at UT-Austin at the time of application
• Financial need (current FAFSA on file with UT-Austin)
• Minimum GPA 2.0, Maximum GPA of 2.5 at the time of application

Deadline: December 11, 2012

Application: Global Pathways Planning Scholarship
Award notice: mid-February, 2013

Texas Tomorrow Fund

Application Options for BBA SIP Students

1. Apply TTF to the UT faculty-taught course tuition
   Students participating in a BBA program are able to apply their Texas Tomorrow Fund to their UT faculty-taught course tuition, as they would for their tuition at UT. Their TTF account will be reduced by three credit hours. Please note, that using TTF to pay for the full tuition cost for three credits will only apply to the UT-taught course, and not the affiliated course.
   Process: students must contact Student Accounts Receivable, and inform the staff that they would like to add TTF for the summer. Provided students have sufficient hours in their TTF account, it will then be applied to your summer tuition.
   
   Student Accounts Receivable
   512-475-7777, Select Option #1


2. Apply TTF to the affiliated course fee and other program-related fees
   BBA students may also apply up to three hours of their Texas Tomorrow funds to additional tuition and fees components of the BBA SIP program. Students are able to use up to three hours at the 2013 affiliate rate of $265.96 per hour.  In July, the student will be reimbursed via check for ($265.96 x 3hours =$797.88).
   Process: please notify the BBA SIP Program Coordinator of your intent to use Texas Tomorrow funds to pay for part of the BBA SIP program and provide the coordinator with your TTF account number. This should be done at the earliest opportunity to guarantee transfer of funds.

For more information on the Texas Guaranteed Tuition Plan, please visit the TGTP website.

Payment Information

BBA SIP fees are posted on "What I Owe" and "My Tuition Bill" depending on the fee at hand.

Please note that you will see three different fees posted on your “What I Owe” and “My Tuition Bill”. These fees are part of the total BBA SIP  fee, but are being posted as separate items. They are not in addition to the BBA SIP fee.

1. CIBER Program Fee Balance - Posted on "What I Owe"
2. Study Abroad Fee - Posted on "What I Owe"
3. Overseas Insurance Fee - Posted on "What I Owe"

In addition, please note that your UT tuition and Affiliate fees will be posted on your “My Tuition Bill” after the April registration period  in April.

Payment Options

• What I Owe: Students may pay via e-check, electronic transfer or credit card. Students may also pay in person or by mail.  If this is the case, please ensure that you print out your "What I Owe" and specify what you want the payment to apply to. Additional information on What I Owe.
• My Tuition Bill: Students may pay via e-check, electronic transfer, credit card, financial aid, outside scholarships, in person and by mail. Additional information on  My Tuition Bill.

Other Financial Resources

Every year creative students find ways to raise money or apply for additional outside funding, but students have to begin early and be persistent. In past years, students have asked local businesses in Austin or from their home communities to match funds. Many students use personal or family savings, income from jobs, or assistance from outside sources to fund their study abroad.Additionally, students have found scholarships or grants from community organizations in Austin or at home.

The best way to find additional financial resources is to inform as many people as possible, as soon as possible, that you plan to study abroad and are in need of funding. There are many more funding options available for semester or year-long study, as well as fellowships for international study after graduation. Read more about these options at the Study Abroad Office.