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Studying Abroad Popular Despite a Weakening Dollar

January 31, 2008 - 12:00am
By Niyati Harneja

Study abroad is often considered to be a big part of the undergraduate experience with roughly 20 percent of Cornell students taking an international semester before they graduate. Within the past year, however, the value of the dollar has declined dramatically relative to other currencies, potentially having an impact on the study abroad program at Cornell and at other universities.

The dollar has fallen about 30 percent in value compared to the euro over the last 12 months. Currently, one euro is estimated to be about $1.47 and one pound is estimated to be about $1.99. The dollar is weak, especially in Europe, which is a popular destination for travelers and students who want to study abroad.