For students studying abroad this summer, living in Greece during the debt crisis may not be as bad as it seems. Greek citizens are only allowed to withdraw a maximum of 60 euros a day, but students on exchange programs are not subject to the same capital controls; they can take out additional funds, depending on the cap imposed by their card issuer and cash available at the ATMs.
"The effect of the financial crisis on our students has been very limited," said Timothy Barton, director of student services at Arcadia University's College of Global Studies. "Our summer students, who have one more week left in Greece, were not faced with any unavailable services. Day-to-day life has not changed that much."
Arcadia University's summer program in Athens has been running for more than 20 years. This upcoming fall, all 18 of the students traveling to Greece from eight universities, ranging from small liberal arts colleges to large state research institutions throughout the country, are still planning to do so. Arcadia's program is just one of the 100 or so study abroad programs offered to more than 3,600 American students each year in subjects such as political science, economics and archaeology.
Barton has received questions from concerned parents asking if the program will continue to operate. Even though the program will run as scheduled this fall, Barton noted that the staff at Arcadia University is continuously monitoring conditions to make sure students will be safe before traveling.
"We are following the bank regulations closely and are advising students based on what our staff, which includes several ex-pats, sees on the ground," said Barton.