The economy continues to take a toll on higher education, increasing the numbers of students applying for study abroad financial aid over the past several years.
Joseph Sevigny, IES Abroad's Associate Vice President of Enrollment Management, says, "We decided to meet that need with a significant increase in our scholarship awards."
Between the 2000-2001 and 2010-2011 academic years, the number of students receiving IES Abroad aid increased 87%, from 885 students in 2000-2001 to 1,659 students in 2010-2011. With this increase in numbers of awards has come an 82% increase in total dollars given, from $1,285,127 in 2000-2001 to $2,323,886 in 2010-2011.
For the 2010-2011 academic year, the $2.3 million in financial aid and scholarships awarded to students studying abroad marks an increase of 14% over financial aid awarded in 2009-2010.
For the upcoming 2011 summer semester, we have noted a 34% increase in scholarship applications over 2010 summer term applications. In response to this increased number of applications, we have awarded a record amount of summer term scholarships totaling $60,000, awarding financial aid to 52% of the need-based scholarship applications we received.
As a not-for-profit organization, IES Abroad dedicates all its resources to ensuring that as many students as possible have access to the life-changing experience of international education. Visit the Scholarships and Financial Aid page for more information.