Using My Financial Aid for Study Abroad

Will my existing financial aid work for study abroad programs?

Man, is this a crucial question regarding financial aid for study abroad: "Will my existing financial aid work for study abroad expenses?" The answer is (probably) yes -- your existing financial aid from your home school in the US will probably work for study abroad; you can probably apply your existing financial aid to study abroad programs. Here's what's official:

In 1992, important amendments were made to to the Higher Education Act of 1965, which essentially provide that you can receive study abroad financial aid for study abroad -- in other words, study abroad financial aid -- provided these criteria are met:

• You're in a study abroad program approved by or affiliated with (like a sister school abroad) your home institution (college or university) -- that means that if your school will pre-approve the study abroad credits, Uncle Sam says you can use his dough to pay for them,and getting them
• You would be eligible for government financial aid whether or not the study abroad program in which you're enrolled or want to enroll is required for your degree.

Financial aid can cover most of the costs for your study abroad, including transportation to and from the country in which you want to study, tutition and more (even passport fees!). Read more:

• 1998 Amendments to the Higher Education Act of 1965

Talk to the study abroad counselors at your school to get the whole skinny. And learn more about what kinds of study abroad financial aid you can get:

• All study abroad financial aid options
• Study abroad financial aid from the US government
• Study abroad financial aid from private sources

Enjoy the (pretty easy) hunt for study abroad financial aid, and enjoy the study abroad!

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