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You are probably wondering why we are here to discuss study abroad topic in financial literacy. Studying abroad could be a life-changing experience for many students. It could help students further their education and expose them to different global cultures and different ways of life. Study abroad also could be a valuable opportunity for students to learn new languages, reshape their thinking and/or affirm their basic values and beliefs.

Did you know that students can plan multiple study abroad trips during college? Students can strategically use different study abroad trips to enhance their future development. For example, study abroad experiences help them graduate early or on time, enrich their resumes with advantageous future employment qualifications, gain desirable international experiences sought after by employers, negotiate higher starting salaries due to global exposure, strengthen the ability to work with a diverse population and cultures, and set a successfully financial tract for their future.

In financial literacy education, students learn to evaluate cost versus benefit in financial transactions and calculate the return on investment. The argument can be made that benefits of study abroad outweigh the marginal cost. It adds value to students' investments in education which increases the return on investment ratio. To help you make an informed decision, we encourage you to explore some of the benefits of studying abroad, including:

Gaining global exposure to other cultures
Expanding your worldview to new perspectives and lifestyles
Learning a new language
Adding experiential learning to classroom education
Honing your communication skills with diverse population
Impressing future employers with your personal and professional development
Making friends across the globe
Radiating independence and confidence as a global citizen

Now that you know what a study abroad experience can offer to students in terms of benefits and advantages in life, think of paying it forward and continue the discussion with friends or families.

To prepare for a successful study abroad experience with financial consideration, you can follow the chapters below. Let's get started!

Chapter 1. How do you find the right study abroad program for you?

Chapter 2. How do you calculate the total cost of a study abroad program?

Chapter 3. How do you finance a study abroad program?

Chapter 4. How do you stay safe, safeguard your belongings and get most of the experience?

Chapter 5. Tips and resources for PSU students

Test your knowledge!