Money Matters
Student Budget
Below are estimated student expenses per quarter during the 2024-2025 academic year. Costs are estimates only and may vary depending on students' housing and meal plan selection, personal spending, and other factors.
| Expense | Cost | Additional Information |
|---|---|---|
| Tuition | $0 | Exchange students are not responsible for tuition fees at their host university. They pay tuition to their home university. |
| Room & Board | $6,550 | Actual costs may vary depending on housing and meal plan selection. |
| Books & Supplies | $300 | Average cost of required course materials and school supplies. |
| Personal Expenses | $750 | Incidentals and living expenses, such as clothing, toiletries, and entertainment. |
| Visa Application Fee | $160 | |
| SEVIS Fee | $220 | |
| Mandatory Health Insurance | $1,800 | Cost varies by term. |
| Transportation | Varies | Students will not experience commuting costs, but should budget at least one international flight. |
| TOTAL | $9,780 (plus international flight to Â鶹´«Ã½) | |
Billing & Payment
As an exchange student, you are not responsible for paying tuition to Â鶹´«Ã½. You will only be billed by Â鶹´«Ã½ for the cost of room and board (if you live on campus) and the NU-SHIP health insurance. Consult the site for information about billing, payment methods, and payment due dates.
Below are some additional guidelines for exchange students:
- Review information about . Since exchange students often do not have a U.S. bank account set up prior to the first payment due date, many choose to use the "International Currency" payment option through .
Note: When you use the Flywire service, the name of the charge will be "Â鶹´«Ã½ Tuition Payments (Illinois)." Even though the charge description indicates "tuition," it will be credited toward any charges on your student account, including health insurance, housing, and meal plan. - If you are studying at Â鶹´«Ã½ for more than one quarter, you will be charged for one quarter of housing and meal plan at the beginning of each quarter.
- All students will be charged in full for NU-SHIP health insurance coverage up front. It is not possible for this fee to be assessed quarterly.
- If your bill is not paid by the due date, you may incur .
- Your student account includes all transactions in real time, so you will be able to view daily activity as well as your eBill (monthly snapshot).
Consult these sections of the Student Financial Services site for more information: