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Programs : Budget Sheet

The following listing represents the Spring Budget Sheet for IES & Penn State: Madrid, Business and Communications.

Spring Budget Sheet for IES & Penn State: Madrid, Business and Communications
Spring Budget Sheet for IES & Penn State: Madrid, Business and Communications
Budget Item In-State Student Out-of-State Student
Penn State Tuition for Semester * $10,403.00 $20,008.00
Education Abroad Program Fee *   $7,090.00 $7,090.00
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 -$8,964.00
Billable subtotal:  $17,743.00 $18,384.00
Estimated Round Trip Airfare   $955.00 $955.00
Student Visa   $160.00 $160.00
Meals (not provided by the program)   $1,000.00 $1,000.00
Books and Supplies   $250.00 $250.00
Additional Personal Expenses   $2,410.00 $2,410.00
Student Visa Processing Fee   $125.00 $125.00
Non-billable subtotal:  $4,900.00 $4,900.00
Total: $22,643.00 $23,284.00

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.

The Education Abroad Program Fee includes:

  • Housing
  • Some meals
  • On-site orientation and support
  • 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: $2,000

  • Additional Meals for a Dormitory: $150

  • Additional Meals for an Apartment: $2,000

Students participating on this program are not eligible for the $2,000 Public School Grant from IES Abroad because as a customized program, it is already being offered at a reduced rate.

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.

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
  • Due to the fee structure of the program IES & Penn State: Madrid, Business & Communications, students must be aware that if they withdraw from the program at any point after commitment (October 1) they will be responsible for the cancellation fees regardless of the motive for their withdrawal. Cancellation fees increase based on the date of withdrawal, up to the full cost of the program. Because the fees for this program are calculated based on the exact number of students participating, allowing for a more economical price calculation, the costs are not recoverable, regardless of the reason for the student's withdrawal.

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


Homestays provide two meals per day. A Colegio Mayor includes twenty meals per week. Apartments provide no meals.

* Billable item