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FINANCIAL MATTERS
Financial mattersCAN I USE MY FINANCIAL AID TO STUDY ABROAD?
Yes. If you are currently receiving some form of merit scholarship or need-based financial aid, that aid, minus the money you earn from working on campus, may be applied to a Davidson approved study abroad program during the academic year (fall/spring).

The portion your family is expected to pay remains the same, and the Financial Aid Office adjusts the amount of aid you receive to help you pay the rest. So if your programs costs are less than Davidson, your aid amount also will be less. If your program costs are more than Davidson, your aid amount (minus what you receive from working on campus) will be the same as the amount you would receive being on campus.

International students are allowed to use Davidson financial aid to participate in a Davidson approved study abroad program during the academic year. However, international students will not be able to use their financial aid to participate in programs in their home country.

For more information regarding how your financial aid package can transfer to your study abroad program, please read the student financial assistance information for external study form.

DOES DEAN RUSK PROVIDE FINANCIAL SUPPORT FOR STUDY ABROAD THROUGH ITS TRAVEL GRANTS?
Dean Rusk travel grants only support summer study abroad. The program does not make grants to support study abroad during the academic year. If you apply for a grant to support summer study abroad, please remember that grant amounts vary considerably and they tend to range from $1,000.00 - $3,000.00. Independent projects have a higher priority and generally receive more funding than group excursions. Davidson-sponsored summer programs will receive higher priority than third party provider study abroad programs.

The fact that the Dean Rusk Program has made grants to support participation in a specific program in the past does not guarantee that the program will be able to do so in the future.  Budgetary conditions and demand for grant support varies from year to year.   

DO I NEED TO PAY TUITION TO DAVIDSON AND MY THIRD PARTY PROVIDER PROGRAM WHILE I AM ABROAD?
No. Davidson-sponsored semester and academic year study abroad programs cost roughly the same as Davidson tuition, room and board minus the student activities fee. When a student studies abroad for a semester or academic year on a Third Party Program, Davidson charges a nonrefundable administrative fee of $350.00, with all the other costs set by the program provider. This fee offsets the cost of providing administrative support to students studying abroad on Third Party Programs. 

Davidson supports students studying on Third Party Programs by maintaining a study abroad library with brochures, program evaluations, and other resources; continually reviewing programs on our “approved list” for quality; offering one-on-one advising on-campus and while abroad; assisting with the transfer of financial aid and academic credit; providing an international emergency health insurance policy through EIIA; and facilitating pre-departure and re-entry programming.

The administrative fee will be charged to the student’s account when the Application for Leave Form is submitted (see the Application Process section for detailed Leave form instructions). There is no fee associated with summer study abroad.

Please note:  There is a $250.00 penalty if a student submits the Leave Form after March 15 for the fall semester/academic year or after November 1 for the spring semester. There is a $500.00 penalty if a student submits the Leave Form after June 15 for the fall semester/academic year or after January 1 for the spring semester.

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