Sunday, May 9, 2010

Is Financial Aid Available for Study Abroad?

If you are currently receiving financial aid for your college education, in many cases you can use it to study abroad. This can be the case with aid from an institution, a foundation, the state or federal government, or other private or public sources. Talk to your study abroad advisor, financial aid officer, or bursar about what can and can't be applied to a program of study abroad.

The Higher Education Act (HEA) of 1992 mandated that a student can receive financial aid for study abroad if the student is enrolled in a program approved by the home institution. Moreover, the student would be eligible to receive "grants, loans, or work assistance without regard to whether the study abroad program is required as a part of the student's degree."

What Types of Financial Aid are Available?

Federal and state governments, foundations, and private and public organizations are primary sources of financial aid. Be sure to check with your financial aid director, study abroad advisor or bursar about whether your financial aid can apply to study abroad.

If you are planning to attend an overseas study program sponsored by another institution, the home institution, through a written agreement between the schools, might allow you to use your financial aid. But students should realize that policies vary among institutions of higher education and therefore, should check with their study abroad advisors and financial aid administrators regarding enrollments with another institution.

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