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Summer I Budget Sheet for CIMBA
Summer I Budget Sheet for CIMBA
Budget Item Undergraduate
Program Fee *   $7,606.00
Billable subtotal:  $7,606.00
Room   $0.00
Meals   $100.00
Other Fees   $0.00
Books   $0.00
Airfare   $1,500.00
Local Travel   $120.00
Passport   $165.00
Insurance   $0.00
Immunizations   $100.00
Miscellaneous   $500.00
Visa   $0.00
Non-billable subtotal:  $2,485.00
Total: $10,091.00
Notes:
EXTERNAL PROGRAM
CIMBA - Summer I

Program dates: May 20 - June 14, 2024
Credits: 6

Click Here for Printable Budget

Cost & Financial Aid

Starting Spring 2024, this program will transition to the direct billing agreement with CIMBA: all billable program costs will be billed to WMU student's account.

Program fee includes: WMU admin fees, WMU International health & emergency insurance, Global Business Center fee, CIMBA tuition (UG credit hours or 3 GR credit hours), housing (double occupancy), Wi-Fi, a meal plan, airport pickup, laundry tokens, linens and towels, house cleaning, some cultural activities, CIMBA Intl travel insurance and administrative fees.

Program fees do not include: airfare, passport, books, local travel, immunization, and miscellaneous/personal expenses.
Costs not included in the program fees are estimates and may vary according to individual needs and preferences. This budget does not include activities which are not part of the academic program, such as personal travel, entertainment, shopping, etc.
Note: This program may offer variety of extra non academic related travel opportunities in Italy or outside of the country during the term. Students should plan their finances accordingly if they wish to participate.

Program fees are subject to adjustment due to changes in actual exchange rates or other factors. In addition, programs may be modified or cancelled in the event of insufficient enrollment. Students should factor possible inflation in their estimates for non-billable subtotal. Program dates are subject to slight adjustment by the home/host university.

Note: For tax purposes, the university requires the program fee billing be divided into qualified (expenses and fees related to the class or program) and non-qualified (other costs).  The total program fee equals the study abroad commitment fee plus qualified and non-qualified expenses added together.
Example:
   Program commitment fee
+ Qualified (expenses and fees related to the class or program)
+ Non-qualified (other costs)
= Total program fee

Program commitment fee:  Once a student is accepted to the program, they need to decide to officially "commit" to the program or withdraw. When a students makes the commitment decision, this is a financial commitment. Once a student is "committed", the Program commitment fee is non-refundable. Additionally, students are responsible for the Program Fee, less any expenses that WMU Study Abroad is able to recover. The program fee is billed to the WMU student account for the semester of enrollment in study abroad credits. The program fee is due within 30 days once charged to the WMU student account. After 30 days, per university accounts policy, holds will be placed on past-due balances.

Scholarship
WMU students applying for this program should consult Haworth College of Business Study Abroad Scholarships and CIMBA Scholarships.

Financial Aid
Students eligible for federal or state financial aid may use their awards for studying abroad.  After a student has been accepted to the program, they must complete required paperwork with WMU Financial Aid to apply financial aid to the program costs.  It is the student's responsibility to complete the paperwork prior to departure and to maintain compliance with financial aid regulations while studying abroad (i.e., remain enrolled full-time). To apply for financial aid for this program you must consult your study abroad specialist as they will provide you with a detailed budget to take to your meeting with your advisor. Non-WMU students must apply for financial aid through their home university.

Please note: Disbursement of financial aid may not coincide with the start date of the program abroad, so plan ahead!  Some out-of-pocket costs may occur prior to receiving financial aid for the semester, such as the program commitment fee, passport, airfare, immunizations, visa or residence permit fees (if applicable).  These costs vary by program and WMU Study Abroad Specialists are available to answer questions about the program budget.
* Billable item