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Education Abroad Office

Colegio Universitario de Estudios Financieros (CUNEF)

Area: International Business Exchange
Location: Madrid
Country: Spain
Term: Spring

UofSC's exchange program in Spain is designed to expose students to the life and culture of the Spanish people and provide them with opportunities to take business classes in a Spanish university. This program is located in Madrid (population 3 million), Spain's capital city. Madrid has a very vibrant nightlife, great shop-ping, fantastic tapas and sidewalk cafes, as well as numerous cultural and historical attractions. Exchange students participating in this program will also be able to enjoy Madrid's many festivals, beautiful parks and gardens, and museums and art galleries that are arguably among the finest in the world. Only USC undergraduates are eligible to participate in this program.

Category: 2, students must have successfully completed at least 1 or more 300-level (or higher) courses in Spanish, or demonstrate evidence of equivalent capability

Cost: UofSC resident tuition rates + in-country costs

Requirements: junior standing; International Business major

The cost of living in Madrid is higher than South Carolina. Costs for housing will be approximately 500-600 euros per month or higher. Students should budget accordingly to their spending habits, considering other meals, transportation, and other excursions. Students can expect to spend $600-800 in monthly costs outside of housing. Students pay in-state tuition and fees to UofSC and do not need to pay tuition to CUNEF. 

Students typically enroll in five classes and earn 15 US credits each semester. Other higher level business courses can be taken, but are only available in Spanish. CUNEF also offers a Spanish Culture and Civilization course and a Business Spanish course, for non-native speakers. 

To see courses UofSC students have taken at this university, please reference the Registrar's Course Equivalency Table

While the exchange program does not provide for organized excursions, students will have the opportunity for individual travel.

Per university policy, all UofSC students will be charged emergency medical, evacuation and repatriation insurance for their time abroad. Contact the Education Abroad Office for more details.

CUNEF does not offer any on-campus housing, and students are responsible for arranging their own independent accommodation. The CUNEF International Office collaborates with Spanish accommodation agencies to help students facilitate the search for housing in Madrid. Homestays, shared apartments, and residence halls are the available options. CUNEF is centrally located near a metro line in downtown Madrid.

The Spring semester typically starts late January and ends early June.

All international students will take part in an orientation program upon arrival put on by CUNEF's International Office.

Students that attend the CUNEF program for a semester are required to obtain a Spanish visa. Students must appear in person at the Spanish consulate or embassy. SC residents will use the Miami Consulate. All out-of-state students are eligible to use the Miami consulate as well or they may check for their home residence jurisdiction. 


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