Frequently Asked Questions(FAQs)

 

General

The cost depends on the type of program that is chosen, the length of stay, the preferred country, etc. The other fees, which are often due prior to departure, may include costs such as airfare, meals, additional travel, etc. In order to evaluate the overall cost of the Study Abroad Venture you would need to contact the school arranging the admissions to find out exactly what is included.

 

  • Airport Exchange Bureau

    Currency exchange offices are available at almost all international airports. Although the rates may not be the lowest, it is probably the most convenient location to exchange money when the student first arrives. Note: because the destination airport is certain to have a large supply of the local currency, its rates for exchange may be lower than the rates at the student’s home airport, which may only have a limited supply of the foreign currency.
  • Banks/ATM/Credit Cards

    After the student has had a chance to get accustomed to his/her new surroundings, a national bank or an ATM machine can be found, which are known to offer the lowest exchange rates. Using a credit card can also secure a decent exchange rate and is often safer than carrying around a lot of cash. American Express, Visa and Master Card are all widely accepted around the world. Keep in mind, however, that using an ATM/debit card may incur additional bank/commission charges.
  • Local Stores/Restaurants

    Travelers checks can be used for payment at a variety of stores or restaurants. If U.S. dollar travelers checks are being used instead of foreign currency travelers checks, make sure the student knows the merchant’s exchange rate and is aware of how much change should be returned to them. With all the money changing options available, the best thing the student can do is to be an educated traveler.