Yale is amazing about supporting study abroad, particularly in East Asia.
I'm typing this message from China, where I'm on a Light Fellowship (see The Richard U. Light Fellowship at Yale University
) studying Chinese intensively. I haven't spent a cent of my money or my parents money to be here - Yale gave me $7802 for the 9 weeks of the program, enough to cover the program cost, airfare, and living expenses (the program fee includes housing and food/other essentials are really cheap here). It's the best opportunity of its kind anywhere. The program I'm at is run by Harvard (though it has a ton of Yale students, because of the Light fellowship) and all the Harvard kids are jealous of the Yale ones because Harvard doesn't give them the support that Yale's giving us.
To be fair, the Light Fellowship is only for language study in China, Taiwan, Korea, and Japan, and it really is the strongest facet of Yale's study abroad funding, but there are still lots of opportunities for students who want to study abroad elsewhere (or do something other than language study). Check out Fellowships | Yale College
to browse through the many sources of support offered by the university. If you're on financial aid, Yale guarantees you the opportunity to have at least one summer study-abroad experience through the International Summer Award program.