Depending on the length of stay, homestay company, and region, hosting an exchange student can earn you anywhere from an extra $30 a day to $1,400 per month.

What are the benefits of hosting a foreign exchange student?

7 Reasons to Host an Exchange StudentEncourage connection in your home, community, and the wider world. Broaden your Horizons. Liven up your daily routine. Enhance your Communication skills. Develop Understanding. Cultivate life-long friendships. Know Youre Doing a Good Deed for your Family, Community, and World.

Can I deduct expenses for foreign exchange student?

As IRS allows you to deduct your monthly expenses spent on hosting a foreign exchange student up to $50 a month, you will treat it as if donating cash to the charity. As the maximum amount for deduction is $50 a month, you will be allowed to claim up to $50x12=$600 for a year.