Finances

Credit cards are widely used in Germany. The best known are Visa, MasterCard, and to a lesser extent, American Express. Be prepared to show identification in order to use your card (this rarely happens, but you should always have your ID with you anyway!)

Be sure to notify your bank and credit card companies that you will be traveling so that 1) they do not freeze your account and 2) to ensure that your card and PIN will work while you are abroad.  

 ATM/debit cards can be used to obtain cash if they have a major credit card logo (Visa, MasterCard) on them.  The exchange rate for ATM withdrawals is usually the best available since it is the bank’s own bulk rate plus a 1-2 percent charge. Keep in mind that when you change cash abroad at a dedicated exchange business, they may have what appear to be low exchange rates, but they frequently also charge a large commission. ATMs are typically the way to go.

It is recommended that you carry the phone number of your local bank in case you misplace your ATM card. 

Students are responsible for making their own flight arrangements. Tickets are an out-of-pocket expense. 

We strongly advise students to purchase airline tickets that permit a change of date and to purchase tickets directly from the airline rather than a third-party vendor (like Expedia or Travelocity). Making changes or cancellations is generally easier to do directly with the airline. Students should purchase a flexible flight. Research many different airlines. Some will waive change fees, regardless of fare type. For other airlines it depends on the fare you purchase. Be sure to read all of the rules associated with any airline ticket before purchasing.  

As indicated in the Study Abroad Acknowledgement and Release Form, Holy Cross is not responsible for travel expenses, including but not limited to, airline tickets and transportation to and from airports, including expenses resulting from program suspension or termination, schedule changes, flight changes, emergency evacuation, or any other exigency. Such expenses are the sole responsibility of the student.

• All students will be charged Holy Cross home tuition and the standard room charge. There is no "board" fee / meal plan charge.
  
  

• Financial aid travels. (See the appropriate webpage for more details.) 

• All students will be billed a mandatory $225 per semester for GLOBAL SECURITY ASSISTANCE and international MEDICAL/TRAVEL INSURANCE provided by International SOS (ISOS) and Cigna Global health/Lloyd’s insurance. (Students are NOT charged the Health Service fee.)

The College of the Holy Cross Study Abroad Program operates on a home tuition policy. Students on Holy Cross-approved study abroad programs will remain continuously enrolled at Holy Cross while studying abroad. This status allows students to receive credit at Holy Cross for courses taken abroad. Grades earned abroad therefore will appear on a student's Holy Cross transcript. 

The College of the Holy Cross is committed to making study abroad available to all students. In order to do this, the College must be able to provide need-based financial aid for any student interested in studying abroad. To accomplish that, the College relies on tuition revenue in order to give need-based aid. In addition, using the home tuition policy allows for federal financial aid to be applied to the student’s bill. The College also provides additional services such as cultural programming, onsite advisors, tutors, and travel allowance. Finally, as an enrolled Holy Cross student, the Study Abroad Office provides a full range of support services and programming from initial inquiry through pre-departure support while abroad and when they return to campus.

When you study abroad, your financial aid travels with you. Whether you receive 100% aid or 20% aid, you can expect to be awarded the same amount for the semester/year you are away from Holy Cross, provided that you complete and submit all applications as you normally would, and on time. This is because determination of financial aid eligibility for studying abroad via a College-approved program is calculated just as it is for students who are living on campus, and financial aid is based on the standard cost of attendance. 

If you and/or your family are financing your education with loans, you should consider the total cost of attendance at Holy Cross when determining the amount of loans you are requesting for the period of time you will study abroad. (Note: the total cost of attendance at Holy Cross includes not only tuition, fees, room & board/your meal plan, but also books, supplies and personal expenses. To review the specific costs, go to:  https://www.holycross.edu/bursars-office/tuition-fees).

If you are awarded scholarships from sources external to Holy Cross - for example, a study abroad partner university - you must report the scholarship to the Financial Aid Office. They will then determine how that external scholarship is applied to your HC bill. 

Should you have specific questions regarding your financial aid award or how billing and disbursements work as you plan to study abroad, please contact the Holy Cross Financial Aid Office at 508-793-2265 or financialaid@holycross.edu 

The Study Abroad Billing FAQ page will also serve as a helpful resource as you plan. 

Students are responsible for:

• Refundable deposits (i.e., housing deposits if applicable)

• Transportation to and from their home airport on both ends of their trip 

• Meals 

• Books

• Personal expenses (including bedding and travel)

• Laundry