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Programs : Budget Sheet

The following listing represents the Fall Budget Sheet for IES: Madrid, Language and Area Studies.

Fall Budget Sheet for IES: Madrid, Language and Area Studies
Fall Budget Sheet for IES: Madrid, Language and Area Studies
Budget Item In-State Student Out-of-State Student
Penn State Tuition for Semester * $10,403.00 $20,008.00
Education Abroad Program Fee *   $5,700.00 $5,700.00
Education Abroad Administrative Fee for Semester *   $250.00 $250.00
Special Fees Adjustment (out-of-state students on Arcadia, CIEE or IES programs) *   $0.00 -$9,605.00
Billable subtotal:  $16,353.00 $16,353.00
Program Confirmation Deposit (paid directly to program)   $500.00 $500.00
Estimated Round Trip Airfare   $1,000.00 $1,000.00
Student Visa   $160.00 $160.00
Meals (not provided by the program)   $3,700.00 $3,700.00
Books and Supplies   $310.00 $310.00
Additional Personal Expenses   $2,000.00 $2,000.00
Additional Health Insurance (paid directly to program)   $230.00 $230.00
Student Visa Processing Fee   $125.00 $125.00
Non-billable subtotal:  $8,025.00 $8,025.00
Total: $24,378.00 $24,378.00

Tuition and Program Fee

As institutions around the world determine program costs at different times, it is difficult for Education Abroad to provide actual cost information until shortly before the beginning of a program. You are encouraged to consult this document on a regular basis as it is frequently updated with the most current cost information and billing information available.

All students are assessed the standard University Park tuition and technology fee. Non-Pennsylvania residents participating on this program will also be credited an amount in the "Beginning Balance" of their semester bills which, when subtracted from the Non-Pennsylvania tuition rate, reflects a net tuition equal to the established Pennsylvania resident tuition rate. Please note that a second semester discount will be awarded for academic year participants.

The Education Abroad Program Fee includes:

  • Housing
  • Some meals
  • On-site orientation and support
  • Some field trips
This budget is based on students who do a homestay with two meals per day provided. Students choosing an alternative housing options should budget the following for meals:
  • Additional Meals for a Homestay with Kitchen Privileges: $1,750 (students receive a credit of -$550 back from the program fee when choosing this option)
  • Additional Meals for a Dormitory: $175 (students pay an additional housing fee of $2,600 when choosing this option)
  • Additional Meals for an apartment: $1,750

As a Penn State student you will automatically be awarded a $2,000 Public School Grant from IES. IES has created this award to make their programs affordable to you. This award has already been calculated into the budget sheet.

Student Visa Cost

The actual cost of the visa will vary depending on the type of visa required and the student's country of citizenship. The Consulate General of the host country reserves the right to change their visa fees without prior notice. For exact pricing, students should contact directly the nearest Consulate for the host country.

Please note that students may be required to apply for their visa in person at the Consulate or Embassy. $500 for estimated travel costs is included in the "Additional Personal Expenses" estimate. To avoid having to travel to the Consulate, students can utilize IES's visa ACCeSS program in which IES submits your visa application materials to the consulate for you for an additional fee of $125. If you do not pursue this option, then you will be required to make a visa appointment at your assigned Consulate. Please note that appointment availability has been limited at the Spanish Consulate.

Program Withdrawal/Refund Policy

Regardless of the reason and effective date of withdrawal, it is the responsibility of students to immediately notify Education Abroad in writing and to understand the implications of their withdrawal actions. 

  • The Education Abroad Administrative fee will be assessed to students' bursar bill regardless of the reason and effective date of withdrawal. 
  • In certain cases, partial program expenses may be refundable but only to extent that Education Abroad can recover expenses incurred on behalf of the student.
  • Any adjustment of tuition charges will be made according to the Tuition Adjustment Schedule as determined by the Office of the Bursar
  • Students should also consult IES withdrawal and refund policies.

For more information, please consult the University Senate Policy on Withdrawal and Leave of Absence.


Meals vary depending on the type of housing students choose:
  • Homestays provide two meals per day
  • Dormitories provide up to 20 meals per week
  • Apartments provide no meals
* Billable item