Lastly, look into the option of having your child enroll directly in a foreign university, which usually requires withdrawing from his or her home college for the semester or year. This is usually the cheapest alternative, and significantly so, and offers your child an opportunity for real independent learning on a global scale.
Q: What sort of insurance changes or additions should be made before sending a child abroad?
A: If your child is on your health insurance policy, keep them on and call your representative to find out if additional coverage is necessary. At the same time, look into the medical insurance being offered by the study abroad provider to be sure it properly covers your child and that he or she completes the necessary paperwork prior to departure. Most countries around the world do not accept U.S. medical insurance and may demand cash prior to treatment if one does not have international traveler's medical insurance.
Q: Are there any sorts of bank account or credit card changes that parents or students should make?
A: If your child is going to be studying for at least a semester or a year, consider opening a local bank account so he or she has better access and won't be charged transfer fees.
Another option is to open a U.S.-based account with international branches (depending on the study abroad location) or a U.S. bank that allows for free ATM withdrawals and no foreign transaction fees – same with credit cards. Credit cards are important and provide a means for your child to use less cash, but check the study abroad location to find out if the security chip is used in credit cards as opposed the magnetic strip.
Q: If you son or daughter is on your cell phone plan, can they remain on it?
A: Cell phones are a good idea to have, but your child should be using them on a local basis, not for calling back to the U.S.
Skype is the obvious free option. Although parents should check their carrier's plan for coverage, most students tend to either buy a local SIM card to use in their U.S. phone (check to make sure it’s compatible) or buy a cheap, local cell phone and SIM card. They won’t really need their U.S. music or movie lists as they should be immersing themselves in local culture.