An interest in intercultural experiences and a global education are primary drivers among the 73% of students who hope or plan to study abroad in the future. The most popular option for students remains a semester abroad followed by internships and short-term (two- to six-week) faculty-led programs. European countries are the top destinations for students, with Japan and South Korea the next closest desired locations. Traveling to Europe has long been the top choice among U.S. students, likely for the cultural experience and opportunity to travel among other countries during weekends and breaks.

Cost is a top concern for students

There is no way to get around the fact that studying abroad is expensive. Aside from program fees and tuition, students also have to account for plane tickets, accommodations, food and expenses for any additional travel during the trip. Most students estimate the total cost at $5,000-$15,000. While the interest is there, 67% of students say cost is the No. 1 reason preventing them from studying abroad. To help offset the price, most students utilize financial aid, grants and scholarships, but more can be done to help students find and understand alternate funding options. The students we surveyed said they don’t feel fully informed about financial aid options and want their universities to do more to educate them on this. This also highlights an accessibility issue when many student populations—especially first-generation students—may be struggling to pay tuition, let alone for a study abroad program.

Instant Insights /

What drives student interest in study abroad in 2024?

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