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Programs : Budget Sheet

The following listing represents the Spring Budget Sheet for Goethe University Frankfurt (BFM).
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Spring Budget Sheet for Goethe University Frankfurt (BFM)
Budget Item Cost
Tuition (This item will appear on your Penn bill) *   $22,778.00
Study Abroad Fee (This item will appear on your Penn bill) *   $2,113.00
Billable subtotal:  $24,891.00
Lodging   $3,000.00
Meals   $2,000.00
Personal Expenses   $2,000.00
Books and Supplies   $400.00
Mandatory Health Insurance   $400.00
Residency Permit and Required On-site Documentation   $155.00
Round Trip Flight from Gateway city to Program site   $1,100.00
Round Trip Flight from Home to Gateway City***   $0.00
Program Fee   $330.00
Non-billable subtotal:  $9,385.00
Total: $34,276.00
Notes:
Prepared on October 28, 2016 for the Spring 2017 semester. These costs are subject to change.  Students can refer to Goethe's exchange student handbook for further details.

All estimates are based on a  6-month period.

Program fee:  Before enrollment you have to pay approx. €300 (subject to change, the exact amount is indicated on your Zulassungsbescheid). This sum comprises the following amounts: 26% for Student Services; 4% for Student Body Committees; the remaining 70% for the costs of the semester ticket of the Rhein-Main-Verkehrsverbund (RMV).

Students from non-EU countries must purchase a German health insurance.  A list of German insurance providers are listed in the expenses section of the Goethe handbook (see link above). This cost is to be calculated by the student.

Personal expenses include normal spending for cultural entertainment and essential daily needs.

The flight expense listed above is the estimated cost of a round trip ticket from the gateway city of Philadelphia to Frankfurt.  However, you may depart from the city of your choice.

*** Students may need to travel to a consulate to apply for and/or pick up a visa.  Additionally, students living outside of the New York City area may need to arrange for a connecting flight to a gateway city.  These are additional variable costs, to be calculated individually by the student.

Exchange rate: $1.00 USD = .90 EUR, October 2016.

Visit this link for more information on how Penn Abroad prepares program budget sheets.
* Billable item
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