Skip to content

Programs : Budget Sheet

The following listing represents the Summer Budget Sheet for IES: Madrid (Summer).

Summer Budget Sheet for IES: Madrid (Summer)
Summer Budget Sheet for IES: Madrid (Summer)
Budget Item In-State Student Out-of-State Student
Penn State Tuition for Summer *   $4,956.00 $9,438.00
Education Abroad Program Fee *   $1,810.00 $1,810.00
Special Fees Adjustment (out-of-state students on summer programs) *   $0.00 -$4,482.00
Education Abroad Administrative Fee for Summer *   $150.00 $150.00
Billable subtotal:  $6,916.00 $6,916.00
Program Confirmation Deposit (paid directly to program)   $500.00 $500.00
Estimated Round Trip Airfare   $900.00 $900.00
Meals (not provided by the program)   $900.00 $900.00
Books and Supplies   $50.00 $50.00
Additional Personal Expenses   $800.00 $800.00
Additional Health Insurance (paid directly to program)   $135.00 $135.00
Non-billable subtotal:  $3,285.00 $3,285.00
Total: $10,201.00 $10,201.00

Tuition and Program Fee

Program costs are estimates and subject to change up to the program commitment deadline. If Penn State tuition rates are adjusted for summer 2021, then the education abroad program fee would be scaled accordingly to arrive at the same total billable amount listed on the budget sheet.

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. 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

  • On-site orientation and support

  • Some field trips

This budget is based on students enrolling in 6 credits. 

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 Withdraw/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 by housing type:
  • Homestays provide two meals per day; students living in homestays should budget $440 for meals, as shown above
  • Apartments provide no meals; students living in apartments should budget $850 for meals
  • Students staying in a homestay with kitchen privileges should budget $850 for meals and will receive a $250 credit from the program fee
* Billable item