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The term "exchange" means that a partner institution accepts a student, but does not necessarily mean that the students have to find a counterpart from the other institution with whom to exchange. Exchange students live with a host family or in a designated place such as a hostel, an apartment, or a student lodging. Costs for the program vary by the country and institution. Participants fund their participation via scholarships, loans, or self-funding.
Student exchanges became
Students of study abroad programs aim to develop a global perspective and cultural understanding by challenging their comfort zones and immersing themselves in a different culture. Studies have shown that students' desire to study abroad has increased, and research suggests that students choose programs because of ___location, costs, available resources and heritage.<ref>{{Cite journal |last1=Naddaf |first1=Mariana |last2=Marie |first2=Jakia |last3=Mitchell |first3=Donald |date=2020-01-01 |title=Heritage Seekers, Identity, and Study Abroad: A Phenomenological Exploration |url=https://scholarworks.bellarmine.edu/education_fac_pub/13 |journal=Journal of College Student Development|volume=61 |issue=2 |pages=251–256 |doi=10.1353/csd.2020.0026 |s2cid=216334322 }}</ref> Although there are many different exchange programs, most popular are the programs that offer academic credit, as many students are concerned about traveling hindering their academic and professional plans.<ref>{{Cite journal |last=Angulo |first=Sarah Kathryn |date=2008 |title=Identity change in students who study abroad |url=https://www.proquest.com/docview/194154897 |journal=The University of Texas at Austin ProQuest Dissertations Publishing |id={{ProQuest|194154897}} |via=ProQuest}}</ref>
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