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The main difference between an exchange program and a study abroad program is that exchange students do not pay tuition fees to the exchange institution, whereas study abroad students pay tuition fees to the host university.
You can expect to spend between $1,500 and $2,000 throughout your American Summer Exchange Program. We suggest you budget at least $900-1,200 to cover your initial costs and deposits when you arrive to your host employer, and to cover any unexpected or emergency situations before your first paycheck.
Depending on the length of stay, homestay company, and region, hosting an exchange student can earn you anywhere from an extra $30 a day to $1,400 per month. First, it depends on whether you are looking to host a short-term student or a long-term student.
Table of Contents Research study programs. Identify the host country university. Provide language proficiency scores. Submit the application supporting documents. Consider the financial aspect. Search for available scholarships.
Host Family Salaries Job TitleSalaryInternational Experience USA Host Family salaries - 1 salaries reported$39/hrAya Healthcare Host Family salaries - 1 salaries reported$59/hrInternational Cultural Exchange Services (ICES) Host Family salaries - 1 salaries reported$8,965/mo1 more row
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Will I get paid? A: Host families are volunteers who provide room board and loving parental guidance to an exchange student. ICES students come with medical insurance and spending money to cover all personal expenses, including school/sports fees, clothing, entertainment, phone, toiletries, etc.
Stipends can vary from $30 to $60 per day, which equates to around $900 to $1,800 per month. On average, hosts can expect to receive around $1,000 per month. If you live in an expensive area, youre likely to receive a higher monthly stipend than host families living in small towns.
A foreign exchange student is usually a high school or college student who travels to a foreign country to live and study abroad, as part of a foreign exchange student program. Exchange students will attend classes at a local high school or university, usually as part of their current course of study.

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