How to Make Money Hosting a Foreign Exchange Student

If you would like to earn some extra money while helping out a student from another country, you should consider hosting a foreign exchange student. Not only can this offer you benefits on your taxes, it will often offer financial compensation as well.

1. Check with your local high school to see if they have a foreign exchange student program that you could sign up for as a host.


2. Ensure that you have an extra furnished bedroom that could be used by foreign exchange students. Most foreign exchange programs require that the foreign exchange student will have their own bedroom when they come to stay with you.


3. Be prepared to provide personal information such as your name and social security number for a background check to be performed. They do this to ensure the safety of the foreign exchange student that they are going to be placing in your home.


4. Make sure that you home is a safe place for a foreign exchange student before applying for the program. There will be a home inspection performed before the student is placed with you.


5. Determine if you have adequate time to care for a foreign exchange student. You may be required to drive them to and from their study program as well as provide them with breakfast, lunch and dinner.


6. Use the Internet to find a foreign exchange program that offers the most financial benefits to you by performing a search under "Foreign Exchange Programs." Browse through the listing that you find to determine if they offer daily or weekly financial compensation. Some may only offer tax benefits so you will need to read the fine print carefully before choosing a foreign exchange program.