Texas Tech University

It Doesn't Cost as Much as You Think


You can afford to study abroad, but you can't afford not to study abroad.

One of the most common myths about study abroad is that it is not affordable. We are here to say - study abroad doesn't cost as much as you think! With more than $350,000 in scholarships, financial aid, and low-cost options, we can help you find a program that fits your financial needs.

Low-Cost Programs

Did you know study abroad programs are available that cost the same - or less - than studying on-campus?! List of low-cost programs coming soon!

Comparing Costs

Do you know how much you pay to attend TTU? You would be surprised how many students cannot answer that question! The total estimated cost of attendance for 2020-2021 is $27,156 for undergraduate residents. You can use this number to compare program costs.

Each approved study abroad program features a budget which outlines estimated costs. Use the semester budget planning worksheet or the summer budget planning worksheet to help you compare costs across study abroad programs of interest.

Some tips to consider:

  • Many TTU students choose to study abroad in European locations. Do you know where some of the most expensive places to live are located? In Europe.
  • Consider choosing a program off the beaten path. The cost of living in these locations may be more affordable. Also, choosing a less-common study abroad destination will give you a competitive edge when applying for scholarships. 
  • It may seem counter-intuitive, but a semester program is often more cost-effective than a short-term program. Also, fewer students study abroad for a semester  which means you'll have a better shot at scholarships because there is less competition.
  • Make sure you're comparing apples to apples. Some students choose short-term or summer programs because the cost on the program budget sheet is lower. When comparing programs of different lengths, divide the total cost of the program by the number of days or number of weeks of the program and then compare. This will provide you with a more accurate comparison.
  • Be flexible. We cannot guarantee that every program will be affordable for you. However, we can guarantee that we will help you to find a program which meets your financial needs. Plan ahead and do your research to find the right program.

Additional Resources

Money Etiquette Abroad

Be Responsible

No matter where you're going, money needs to be handled in a safe and responsible way. Though your money may look different than you're used to, it's by no means "monopoly money." Some countries prefer to use cash and using a card is difficult. Do research on your specific country before you go to learn basic information about the host country currency and how it's used.

Banking Abroad

Generally, it is not necessary for a student to open a bank account abroad. Your home debit card will work for most ATM's internationally and will allow you to draw money in the host country currency. The ATM may charge a fee for you to do this, and your bank back home may also. Try to plan how much money you will need for the week to avoid going to the ATM on too many occasions. You can keep the majority of the money at your accommodations in a safe place and only take with you what you need for the day.

In some countries, use of debit and credit cards is much more limited. Make sure to do your research before you leave so you know what to expect.

Red to Black

Red to Black offers free and confidential peer-to-peer financial coaching to Texas Tech students. They provide individual coaching sessions and group presentations on topics such as creating spending plans, the importance of starting to save early, maximizing financial aid (including student loans), how to choose employee benefits, and establishing and wisely using credit. Red to Black's purpose is to empower students so that they can achieve their financial goals.

TTU Study Abroad Resources

External Resources

Numbeo: Cost of living calculator

XE: Currency converter