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Programs : Budget Sheet

The following listing represents the Fall Budget Sheet for UMass: South Korea: Seoul: Yonsei Univ..
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Fall Budget Sheet for UMass: South Korea: Seoul: Yonsei Univ.
Budget Item In-State UMass Amherst Out-of-State UMass Amherst
Tuition & Fees *   $8,200.00 $12,500.00
Education Abroad Fee *   $850.00 $850.00
Education Abroad Application Fee *   $50.00 $50.00
Billable subtotal:  $9,100.00 $13,400.00
Airfare   $1,400.00 $1,400.00
Visa/Residence Fees   $50.00 $50.00
Passport Fees   $135.00 $135.00
Health & Liability Insurance   $1,100.00 $1,100.00
Housing   $1,700.00 $1,700.00
Meals   $2,000.00 $2,000.00
Books/Study Materials   $300.00 $300.00
Local Transportation   $400.00 $400.00
Educational Travel   $800.00 $800.00
Personal Expenses   $900.00 $900.00
Non-billable subtotal:  $8,785.00 $8,785.00
Total: $17,885.00 $22,185.00
Notes:

Exchange rate used: $1 US = 1,100 KRW. Tuition and fees are subject to change.

Visa/Residence Fees:  U.S. citizens must pay $50.00 for a multiple-entry student visa. NOTE: You will also be required to show proof of funds sufficient to cover your living expenses when you apply for your visa. A bank statement showing approximately $5000 for semester students or $10,000 for full year students is sufficient. 

Passport Fees:  This amount is for first-time passport applicants.

Health & Liability Insurance: This amount is based on the UMass student health plan fee; students who have insurance through a family plan should deduct this amount from the above budget total. Yonsei University requires students to provide proof of international medical coverage in order to participate; Yonsei University does not offer health insurance. Be sure to check with your current insurance provider about whether they cover medical costs incurred abroad; the UMass student health plan does cover expenses incurred abroad.  Please visit "Health & Safety" on the IPO website (http://www.umass.edu/ipo/education-abroad/health-safety) for information regarding health insurance and for information about the UMass travel emergency and accident insurance policy.

Housing:  Fee listed is for a double room at International House.  Students can also choose to live off-campus with relatives.  If you choose to live on-campus, a deposit of about US $88 must be paid by wire transfer about 1 month before the start of the semester. Yonsei will bill you directly for all housing costs.

Meals:  There is no formal meal plan;  students buy meals with cash at campus cafeterias or at small eateries near campus.

Local Transportation:  This is an estimate of what you will need to take buses and trains around Seoul, as well as travel from the airport to campus.

Educational Travel:  This is an estimate for trips around South Korea.

Personal Expenses:  This is an estimate for laundry, cellphone, toiletries, clothing, social/leisure, etc. 

Dates of Terms (approximate):

  • Arrival:  August 24
  • Orientation:  August 25
  • Classes Start:  September 1
  • Classes End:  December 21
  • Final Exams: December 8-21
  • Number of weeks: 17
* Billable item
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