<p>As everything related to college, the simplest analysis is that there are no generalizations possible. </p>
<p>For starters, the financial burden varies enormously with the impact of financial aid. Then, there is the issue that the cost and most often the VALUE of the program could be a lot less than what you have at the regular college. Some schools simply charge the same tuition and fees despite the cost of the foreign program being a fraction of the US’. Then, there are the issues of uncovered costs, communication, travel, substandard accomodation, and leisure. Despite all the hoopla, the reason why college abroad is popular is that it is perceived and expected to be a glorified vacation with benefits. It surely beat backpacking through Europe or the Andes when someone is in charge! </p>
<p>However, for others, study abroad is a boon. Some schools charge the exact cost and apply the same financial aid, making the experience cheaper. And then, there are programs that are wonderful, especially when they are closely monitored or even arranged by the US college. </p>
<p>In the end, for every costly joke such as the Semester at Sea, there are very strong programs. But one needs to know that such programs exist because they offer the schools what they seek the most: a cash cow. The foreign schools have discovered that success is often measured in teaching the least, giving the most “fun” benefits to the hordes of students, and making the student happy. And that results in not being too demanding. That is the basic tenet of study abroad programs. Just think that “hard” programs are not exactly what students like to pick for their next semester! Students measure the programs through a lens that is not necessarily academic. </p>
<p>The value of the study abroad is also directly related to the … local school. The better and more selective a school is the lesser the value of a study program will be academically. The better the social life is locally, and the lesser the experience will be abroad. Most schools abroad are not residential, and that might please or dismay students. </p>
<p>Obviously, my own take is biased as I would have had access to cheap(er) tuition abroad through multiple citizenship. In my case, it would have make sense to study abroad at the Master’s level with a cost of the total 2 years programs roughly comparable to a semester or trimester abroad. It would have also allowed me to plan the trip and stays correctly and not feel the need to cram the overseas stay will weekly escapades. </p>
<p>Considering the cost of graduate school in the US, a student deeply interested in studying abroad might find the experience of getting his or her Master’s much more affordable and pleasant. Graduate school is often a personal choice dictated by strong academic interest. Undergraduate is often … a lot less based on education!</p>
<p>On a final note, do not expect miracles from the perception of study abroad. People involved in appraising candidates for graduate schools or jobs use the same lens as adcoms looking at the glorified high school trips abroad. They are keenly aware that most programs are foreign babysitting affairs that hardly make one wordly. Being thrown in a “study abroad” decicated program with a bunch of peer travelers who will speak and being taught in English.</p>
<p>For some, studying abroad fits the overall education experience is very worthwhile. For others … not so much. My conclusion is that there are NO reason to lose sleep over it, and that such experience is not essential at all.</p>
<p>Lastly, there are issues associated with returning after spending a semester away. Those include issues with credits for graduation and possible loss of housing preferences at schools where such things are important.</p>