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Programs : Budget Sheet

The following listing represents the Fall Budget Sheet for Arava Institute for Environmental Studies.
 

Fall Budget Sheet for Arava Institute for Environmental Studies
Fall Budget Sheet for Arava Institute for Environmental Studies
Budget Item Non-exchange/Direct Enroll/Faculty-Led
Study Abroad Admin Fee * $925.00
Tuition & Fees - Semester (Non-exchange) *   $7,940.00
Program Costs (billed) *   $2,060.00
Insurance - GeoBlue MedEvac & Repatriation (Required) *   $133.00
Cashier Billed Expenses subtotal:  $11,058.00
Application Fee   $50.00
Airfare (estimate)   $1,500.00
Deposit - Host Institution/Organization   $120.00
Passport Costs   $165.00
Personal Expenses (estimate)   $1,500.00
Out-of-Pocket Estimates subtotal:  $3,335.00
Total: $14,393.00
Notes:

Understanding the Program Budget

Line items on the budget sheet are sorted into two sections: 
  • Billable Expenses: Cashier Billed Expenses are charges applied to your UNC Student Account. You will not pay tuition or program fees to your host institution abroad
  • Non-billable Estimates: In addition to the program costs paid to UNC, you will have expenses associated with international travel and living abroad. These are estimated out of pocket expenses you pay yourself. The given amounts are estimated costs based on current exchange rates and on the information provided to us by your host institution and past participants. Depending on your personal spending habits, you may spend more or less than the figures provided. Please note that these expenses do not include vacation travel or sightseeing.
Special Notes
  • Application Fee: The Application Fee is non-refundable and must be paid by the Application Deadline. See your program application for more details. 
  • Study Abroad Fee: The Study Abroad Administrative Fee will be billed to your student account only if you accept an offer from the Study Abroad Office to study abroad. If you withdraw from a program after accepting the offer, you still will be charged in the same billing cycle. However, you may apply the paid fee to a future UNC Study Abroad program. 
  • Tuition & Fees: Students will be billed by UNC the program sponsor/host university tuition rates (rate listed is an estimate and is subject to change due to exchange rate fluctuations - charges to your student account may be adjusted once UNC receives the final invoice from the host institution, which may be after you have paid your UNC bill).
  • Deposit- Host Institution/Organization: All students are required to pay a $120 security deposit, which is paid during the first week of semester. Students are required to bring a check payable to the “Arava Institute.” The check will be held as security and returned to students at the end of the semester if all check out conditions are meet.
Remember that even fixed costs, such as a visa application fee, are subject to change without notice.

Billing and Payments

Line items listed under Billable Expenses will be charged to your UNC Student Account. Charges and deadlines occur on the same timeline as billing for the term at UNC. See the University Cashier’s Important Dates page for more information.

This budget is an estimate valid at the time of printing and is subject to change. 

PLEASE SHARE THIS INFORMATION WITH YOUR FAMILY
* Billable item