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Programs : Budget Sheet

The following listing represents the Fall Budget Sheet for IES Abroad Milan - Italy Today.

Fall Budget Sheet for IES Abroad Milan - Italy Today
Fall Budget Sheet for IES Abroad Milan - Italy Today
Budget Item Internal
F&M Semester Tuition ( *   $29,305.00
Billable subtotal:  $29,305.00
Room & Board   $3,720.00
Estimated Meals   $2,000.00
Estimated Round-Trip Airfare   $915.00
Estimated Books & Supplies   $120.00
Estimated Additional Personal Expenses   $3,500.00
Non-billable subtotal:  $10,255.00
Total: $39,560.00
Billable Costs
For programs taking place during the academic year, students will be billed Franklin & Marshall College's tuition and in turn, Franklin & Marshall will pay the off-campus study program's tuition. This bill will be issued by the Business Office at Franklin & Marshall. Franklin & Marshall recognizes that airfare is an added expense for off-campus study and grants an airfare allowance credit to most students. The amount of the credit is determined as an average for travel to a region. This credit happens automatically and appears on the student's tuition bill from Franklin & Marshall.

Non-Billable Costs
Please note that all non-billable costs listed above are for general advising only -- students should always refer to the host program’s page for the most up-to-date cost information.

Students will pay any required program deposits to the off-campus study program. In most cases, the deposits will be credited to non-tuition fees. All other non-tuition fees will be billed directly from the program to the student, including a program deposit. In addition to non-tuition fees (billed directly from the program to the student), there are additional costs associated with off-campus study (such as airfare, independent travel, books, etc...). F&M has tried to estimate these costs based on information provided by the host institution -- however, students should note that these are estimated costs only.

**Please note that the "Personal" figure covers some basic necessities and does not and is not intended to include students' discretionary spending (e.g. entertainment and travel).

Financial Aid & Scholarships
During the academic year, students will continue to be eligible for financial aid during a term of off-campus study.   This includes federal and state loans and Franklin & Marshall merit scholarships and need-based grants.  In general, eligibility for financial aid is based on Franklin & Marshall tuition, cost of housing and meals from the off-campus study program, and an allowance for books and personal expenses.  Your annual estimated family contribution as generated by your FAFSA will remain the same regardless of program costs.Students who receive Grant-in-Aid benefits will continue to access these benefits for the semester off-campus. This benefit is only available to students of eligible full-time F&M faculty and staff. Students whose financial award exceeds the amount of the F&M charges will be sent a refund. Refunds are typically calculated approximately one to two weeks prior to the start of F&M's current semester, and refunds will be mailed to the student's home address unless otherwise specified. If you wish to have the refund mailed to you at another address or mailed directly to the host institution, complete the Student Refund Request Form.

(updated 6/2014)
* Billable item