The purpose of this exploratory research study was to examine intercultural competency gains from college students’ study abroad experiences and to examine their perceptions of multilingualism. By drawing from multiple theories on intercultural competency and multilingualism and related research on studying abroad, measures of intercultural competency and multilinguistic competency were developed and explored. This research was conducted using a mixed-methods, grounded theory approach to answer the following research question: What is the relationship between intercultural competency and multilinguistic competency among college students who have studied abroad? A total of 27 current Colorado College students participated in this study, 27 in phase one where students answered a 63-item questionnaire distributed via an electronic survey, and two in the focus group second phase to collect qualitative data. All findings pointed towards a strong, positive relationship between the measures of intercultural and multilinguistic competency (r = .695), with an academic language course taken while abroad strengthening the relationship (r = .760). Immersion in the culture and language and forming relationships with locals were both noted by focus group participants as having an impact on their self-perceptions of multiculturalism and multilingualism. More research needs to be conducted with larger sample sizes to further support the findings of this study. Moreover, there are policy implications for colleges and universities to ensure quality study abroad programs that attract more diverse student populations, allow the students to participate in different study abroad opportunities throughout the academic year, and come back with resources to further maintain their learning outcomes.