Wondering how to save up for your semester with ILP? We’ve got lots of options to help you pay for your adventure — here’s another way that might work great for you, especially if you applied in advance!
If you are wondering how to pay for a semester abroad (or how to pay for ILP) you are in the right place. We have lots and lots of money tips (like this free guide about paying less for your semester!). One way to make saving a lot easier is to follow a schedule for a whole year; it’s easy to stick to and means you’ll know exactly how much to save each week. At the end of the year, you’ll have saved over $1,000!
Interested? All you have to do is follow these steps:
Step 1: Apply Early for ILP
Whether you want to volunteer as an English teacher in Russia or have your heart set on living in China for a semester, we recommend you apply ASAP so you can secure a spot in the country you're dreaming of. You can apply up to 1.5 years in advance, so this way of saving is perfect — If you want, you could save with this schedule for a whole year, then start over (just for 6 months ) and raise up to $2,067 … which almost covers your semester in Thailand, China, Mexico, Ukraine, Russia, Lithuania or Poland.
Wondering why else you should apply early? We’ve got more info right here.
Step 2: Stick To The Schedule
It can be overwhelming needing to pay for something all at once, but it’s easier to take things in baby steps. This schedule makes it really, really easy. By the end of one year, you will have raised over half of what a typical ILP program costs. That’s much more manageable, right? We recommend opening up a separate savings account and just transferring money over each week until you hit your goal. That way, you can see your bank account grow and you won’t be tempted to spend the money on something else.
Oh, and feel free to adapt this schedule — if you want to save more one week so you can spend a little more on your birthday week, that’s up to you! Here’s a chart to help keep you on track:
Pst: This schedule can also be applied to lots of different goals. Maybe you know you want to serve a mission for your church in a year … use this schedule as a part of your LDS mission prep, or even a way to help save up for college.
Step 3: Fundraise The Rest!
By following that schedule, you’ll be able to pay for more than 3/4 of the ILP Exchange Program cost, but don’t worry — you can always fundraise the rest. We’ve had volunteers with lots of success fundraising some (or even all) or their program fee. You could try out restaurant fundraising, making a website, or sending around a letter. Just asking friends and family might be enough to push you over the edge and make your goal.
You can make a semester living abroad really happen — we have more money saving tips on our blog, and work to find a payment plan that works with your schedule! There are even discounts you can get by traveling with a friend, or being flexible about what country you want to make a difference in. Want to know more about where you can go and how to make that happen? Come chat with an ILP Representative!