summer study abroad spain

High School Abroad Financing

For summer high school summer abroad programs, some sources of funding are available. If you have already graduated high school, and plan on enrolling in college the next fall semester, the college study abroad financing information applies to you.

Alternative Student Loan: The Alternative Student Loan is available for students k-12. It comes from AlternativeStudentLoan.com. It is a credit based loan and the FAFSA is not necessary. It allows a loan up to $30,000 a year which would suffice for any summer abroad study program. The minimum is $1,500.

Repayment of these loans start immediately, and there are no prepayment penalties. There is an origination fee of 6%, and the APR, Annual Percentage Rate, is around 9%.

One benefit of this loan is that the payments will be payed directly to you. Another is that if you are in a time crunch, these loans can be processed in 5 days.

Other Private Loans: You may be able to find other private loans available to finance your study abroad. These will probably be very similar to the Alternative Student Loan above.

The only other form of financing that you may be able to find is through scholarships. Some study abroad programs may offer forms of financial aid to you also.