Financial Matters

 

Financial Matters

               

Tuition


The Student Exchange Program is a tuition-reciprocal exchange program. You pay your regular tuition at BYU, and students coming to BYU pay the tuition at their home institution. You are still eligible for all tuition payment plans at BYU.


Room and Board


If you choose to live on campus at your host university, you will pay for room and meals directly to the host campus, not to BYU. Housing options and meal plans vary greatly from campus to campus. Check with your SEP coordinator for any available information specific to your host university.


Student Fees


You will be expected to pay BYU student fees, which are assessed as a condition of your enrollment even though you will not be present on campus (e.g., lab fees, course surcharges, computer fees, etc). Check your account to see if you were assessed any fees.

Many host SEP partner campuses assess a technology fee and some may assess a general services fee. Some member campuses may also require purchase of health insurance as well as payment of student activities and campus health service fees.

Field trips and special events fees at your host institution will be your responsibility. Some host campuses may assess an additional SEP activity/orientation fee. A non-refundable International Studies Program (ISP through the Kennedy Center) application fee will also be assessed.

BYU Scholarships


If you are receiving private, state-based, or institutional-based grants, scholarships, or fee remission for tuition, housing, and/or meals, check with the SEP coordinator and a BYU financial aid officer to determine if use of such aid for exchange is eligible.

Federally-Funded Scholarships


Federally-funded financial aid is still applicable to your BYU tuition even if you are enrolled in an exchange program. Since you are still paying BYU tuition, your financial aid will work the same as if you were a student on campus.

Consult the SEP coordinator for additional information and requirements. Failure to apply for financial aid by stated deadlines may result in loss of aid.

Other Financial Considerations

 You are encouraged to carefully review all possible expenses as well as your own personal and/or family resources for exchange. Expenses related to transportation to and from the host campus, personal expenses, visa, immunizations, and travel and sightseeing opportunities while on exchange are your responsibility. Transportation costs to the host campus can vary widely depending on the institution’s accessibility to major transportation systems, as well as the distance from your current place of residence. In all likelihood, you will do more sightseeing and personal traveling in your new environment than you did in Provo. If you choose to live off campus you may incur additional costs for housing, transportation, and food. If you have been employed while attending your home campus, you may find it difficult to secure employment, while on exchange. Be aware that your financial situation may undergo a change.