Ready to Go to Spain
Planning a Personal Budget
Costs are in US dollars unless otherwise noted.
Now that you have been admitted to the program, one of your first questions is how much it's really going to cost. This section will help you anticipate a variety of common expenses so you can start planning now. The College of Global Studies's Financial Information explains on what the program fee does and does not cover.
You will have to budget carefully for all other expenses. Let's go through each of the items for which you will have to budget:
Your program fee does not include the cost of transatlantic travel to Spain, but we arrange a group transatlantic flight from New York or Newark to Madrid for your convenience. You may take advantage of this service or make your own arrangements. You must be in Toledo for the opening day of our orientation program.
Please refer to housing information for your program.
You should budget about $100 per semester for books.
The Fundación will provide a transportation pass, valid for a month, for you. Monthly transportation passes are called abonos. The abono will allow you to use the public transportation system to get around the city.
Weekly costs for postage, stationery, local phone calls and other miscellaneous expenses can run $30-40 a week. Entertainment can add another $30-40 a week. Phoning the States is enough to break anyone's budget. Please see the section on International Telephoning in Know Before You Go.
Vacationing can cost a lot of pesetas depending on how far you go and how much time you take. Many students travel during vacation breaks. If you plan to travel, you'll have to budget for housing, meals and transportation and other personal expenses while you're on the road.
Some Helpful Hints
You'll stretch your budget if you do the following:
- Make daily and weekly budgets and stick to them.
- Prepare your own food. It's cheaper than eating out. If you do eat out, eat your main meal at noon, rather than in the evening.
- Plan your activities around free, inexpensive and discounted events.
- Take care of your belongings and safeguard your travelers checks, cash and passport.
- Loss from carelessness or theft is hard enough to bear at any time, but it is even more distressing abroad. Pickpocketing is common, particularly in spots frequented by tourists. Write down the numbers of your travelers checks and make a photocopy of the document page of your passport, and keep these in a separate place in case the originals are lost or stolen.
With a little realistic planning, you won't be caught by surprise later on.