Finance-Related Questions
Please browse the content on this page to find answers to questions related to financial matters.
How do I pay for my study abroad experience?
You pay for your study abroad experience the same way you pay your bills for study at PSU. For most programs (your Education Abroad Advisor will let you know if this is not the case for your program), PSU receives a bill from the university or program provider for your program fee. PSU bills your student account for the program fee, plus the $350 study abroad fee per term (which is billed as a separate line item on your account) and then pays the bill for your program.
If you need help financing your study abroad experience, speak with your financial aid advisor about funding options, or see the scholarships section of our website.
How does my Financial Aid work with my study abroad program payment?
Once you are accepted onto a program, your Education Abroad Advisor will send a budget to the Financial Aid office detailing the expenses of your study abroad program. This will act as an amendment to your FAFSA form. Sometimes your financial aid package will increase due to your higher program expenses, but this is not always the case. Check with your Financial Aid advisor if you have questions about this.
In paying for your program, your financial aid will work the same way it does when you are studying at PSU. The Education Abroad office will bill your account for your program fee and the study abroad fee, your financial aid will go into your account at the beginning of each term, and if there is money left over it will be accessible to you in the form of a refund.
Your Education Abroad Advisor will divide your program costs up so that you’re charged at the beginning of each PSU term. If you go on a program for the spring semester, your program fee will be divided in two and charged to your account at the beginning of winter and spring terms. This way your financial aid will go toward the program fee each term you’re abroad.
I am having problems accessing/using my Higher One account from my location overseas. How can I make this work?
Visit the Higher One website if you are having difficulties with your account. This will walk you through the process involved with setting up your Higher One account or choosing an alternate method of receiving your financial aid refund. Because your refund will be sent directly to your Higher One account, it is important for you to understand how Higher One works or to opt out of Higher One and select your own bank or credit union to receive your refund.
Is it possible to make a payment plan with PSU so that I can pay my account balance in monthly installments?
Yes, you may pay in monthly installments, if you prefer dividing up your bill. However, be aware that you will be charged interest and that each term’s bill should be paid in full (or very close to it) before the next term’s installment is due.