Study Abroad Financial Aid Eligibility Information
Loyola-sponsored Study Abroad Opportunities
Students participating in a Loyola-sponsored study abroad program are eligible for consideration for all forms of federal, state, institutional and private sources of aid except the Federal Work-Study Program. Students studying abroad for the fall semester, spring semester or a full academic year will forfeit the value of a Federal Work-Study award.
External Study Abroad Opportunities
Students may participate in external study abroad opportunities only with the approval of Loyola's Office of International Programs.
Students approved to study abroad in an external program are eligible to receive Federal
Direct Loans (subsidized and unsubsidized), Federal Parent Loans (PLUS), Federal Pell
Grants, and most forms of state grant/scholarship assistance. If approval is granted,
Â鶹Porn will be considered the home institution for purposes of
applying for federal student aid.
Institutional forms of financial aid cannot be used to assist with educational expenses
for external study abroad programs. Students studying abroad through an external program
will forfeit any institutional form of financial aid, including academic scholarships,
athletic scholarships, need- and non-need-based grants, Federal Supplemental Educational
Opportunity Grants, and Federal Work-Study. Privately-funded scholarships and grants
may be used only with the written permission of the organization or donor sponsoring
the award.
Students who anticipate the need for additional financial assistance should contact the administrator of the study abroad program in which they plan to participate or obtain more information on financial aid opportunities from the following resources:
International Education Finance Corporation (IEFC)
International Student Loan Program (ISLP)
NAFSA: Association of International Educators
Financial Resources for International Study:
A Guide for U.S. Nationals
Institute of International Education (IIE)
The Smart Student Guide to Financial Aid
Financial Aid for Study Abroad