student with visiting parent

Money Matters

 

Budgeting

One of the general rules of travel is to diversify your sources of currency. As students make plans, they should keep in mind that services available in large cities are not always available in small towns. Students generally use ATM cards as the primary means of financial support while abroad. Traveler’s checks (purchased in U.S. dollars and exchanged in banks or currency exchange booths abroad) are one of the safest forms of currency because they can be replaced if stolen. However, students often see them as less convenient. Credit cards can be very useful in emergencies, but may not be used as widely abroad as they are in the United States. In short, the best solution is to travel with one or two ATM cards, a credit card, and a supply of traveler’s checks that can be used to cover emergencies (loss of ATM card, for example). Since it is difficult to make recommendations that are valid for all countries, we provide students on Temple programs specific information about accessing money in the country where they are studying.

We provide estimates for living expenses for Temple programs on the programs section of website. Students can expect to spend more money on living expenses during their first few weeks of the program. They will need time to get used to the new currency and to find the bargain places to shop and eat. Past study abroad participants recommend that students not go shopping for themselves or for souvenirs until the last month of the program. This way they will know exactly how much money they have left for non-essential purchases. 

Students who plan to travel independently need to have realistic expectations about how much this will cost. Guide books like Lonely Planet, Rough Guide, Fodor’s, or Let’s Go, can provide estimates for lodging and travel within and between different cities in the country or region where your son or daughter is studying.

Finally, currency exchange rates are constantly changing. We advise that parents and students monitor the exchange rate prior to and during the period abroad. You can check the business or travel section of most major newspapers, or you can refer to one of the many currency exchange web sites like www.xe.com/ucc.

Costs & Billing

Please consult the programs section for information regarding specific Temple program costs. Please also review the refund policies for each program.

Temple University utilizes an electronic billing system.  Billing schedules can be viewed at: http://www.temple.edu/bursar/.  Note that students have the ability to authorize additional online payers so that parents or guardians may also pay their bill.  Non-Temple students will receive instructions regarding paying online after acceptance.

Some non-Temple students may be billed by their home universities, who will pay Temple directly for all or a portion of the charges. Students should check with their institutions to confirm their policies, and carefully review the Financial Aid section of this website.