You will be required to submit a financial guarantee when you apply to the UA proving that you have enough money to support yourself when you are here on exchange. You will need to show that you have access to the sum noted on the financial guarantee form.
Please be aware that you will need to pay for the following expenses while at the UA on exchange:
- Room & Board (this includes meals): approximatly $4,500 per semester
- Student Fees: approximatly $400 per semester
- Health Insurance: $600 for Fall 2009, $953 for Spring 2010
- Additional costs include personal expenses (recreation, movies, etc.), travel expenses, and miscellaneous expenses
These sums are only estimates and may vary. You should have access to more money than the amounts noted here for unforseen expenses and incase of emergency.
Health Insurance for Exchange Students
Many exchange students are surprised at the high cost of health care in the United States. The UA Student Insurance Plan is mandatory for all exchange students and must be paid for by the first day of classes. The only exemptions to this plan is for exchange students who have insurance policies that meet the following requirements:
- The plan is automatically provided to exchange students by their home-university or by the organization coordinating your exchange. Exemptions will not be considered for students with national or private plans.
- The plan meets or exceeds the benefits of the UA plan.
- minimum $300,000 benefit per injury or sickness
- maximum $500 annual deductible
- no less than 70% coinsurance coverage
- the following must be covered: preexisting conditions, outpatient surgery, specialty care services, inpatient hospitalization, primary care services, maternity coverage
- minimum $50,000 repatriation benefits
- minimum $300,000 medical evacuation benefits
These requirements are strictly enforced. Do NOT apply for an exemption if your current insurance plan does not meet these requirements. Additional requirements are discussed in the form in the following paragraph.
If your current health insurance plan meets or exceeds these benefits, you will need to have an exchange or insurance representative from your home country fill out and sign this form. |
