ISEP is based on the reciprocal exchange of benefits. Member institutions determine the program fee that they will charge their outgoing ISEP participants. This fee covers the costs of regular tuition, fees, room and board, and holiday stipends at the home institution and enables the institution to host an incoming participant. Thus, while ISEP participants exchange places and benefits, there is no exchange of funds among member institutions. In addition, each university can only host as many incoming students as they send outgoing students.
Participants pay ISEP application, placement, and health insurance fees.
Participants also pay their home institution a program fee that covers the costs of regular tuition, room and board, and other fees, as explained above. Because the program fee is based on the home institution costs, ISEP is affordable for many students who would not otherwise be able to study abroad. In addition, financial aid can be applied to the cost of an ISEP exchange. ISEP is committed to providing exchange opportunities to all qualified participants regardless of race, sex, age, creed, ethnic origin, or handicap. Fields of Study and Language Requirements Through ISEP, participants undertake studies or research in any academic discipline at either the undergraduate or graduate level.