[3-34] Faculty-Led Program Budget
Estimated expenses of a faculty-led program. Study Abroad uses the program budget to determine the students’ program fee. The budget includes, but is not limited to, accommodations, faculty-led program health insurance, liability insurance for rental vehicles, transportation, additional travel expenses, the student’s tuition cost for course credits, salary and benefits of the faculty leader, costs for obtaining any necessary group visas, and Study Abroad administrative fees. It shall also include a line item for health or safety emergencies and a small financial cushion to cover expenses such as changes in currency value, fuel surcharges, or other unanticipated and unavoidable costs. The budget shall not include cancellation insurance.