Studying abroad can be a life changing experience and planning ahead is the key to making it a reality. It’s just a matter of finding a program that fits your budget and resources.
Applying for Study Abroad Aid
Make sure you have filed the Free Application for Federal Student Aid (FAFSA), available October 1, 2016 for 2017-18 academic year. Summer program students need to make sure that the correct FAFSA is on file (e.g., 2016-17 or 2017-18 FAFSA for Summer).
Students must be in good academic standing to participate in a Study Abroad program.
In most cases, the student should have already received a financial aid award. The award package is unlikely to increase once we adjust for the cost of attendance to reflect Study Abroad during J-term.
Summer Study Abroad programs may have additional Federal Direct loan eligibility. The only additional aid resources for most Study Abroad students include the Parent PLUS loan, Private/Alternative loan, or the Grad PLUS loan (Graduate students only).
The program must have an academic enrollment of a minimum of half-time (6 credits) to qualify for Direct Loans, Parent PLUS, Grad PLUS, and most grants and scholarships. Private/Alternative Loan availability at less-than-half enrollment is at the discretion of the lender.
Documentation is processed after receiving program information from the Center for Global Education.
Per Federal regulations, aid cannot disburse before the start of the Lynchburg College semester in which you are studying abroad.
It is important that transcripts (from the host, overseas university) be received and processed promptly. You will receive a one semester grace period in which you will be allowed to receive financial aid while your transcript is being sent in and evaluated; however, no aid will be disbursed during the second semester following your Study Abroad Program until all transcripts have been received and evaluated.
If you have program costs that are due prior to the time that funds can be disbursed by our office, you will be responsible for making arrangements to pay these up-front costs.
All requirements should be completed well in advance of program departure date.
There is no guarantee that financial aid will cover your costs for the Education Abroad Program.
It is often helpful to discuss your financial aid and loan options with a financial aid counselor. To set up an appointment with your counselor call 434.544.8228 or stop by the Financial Aid Office.
Share this information with others who are helping you with your financial resources (i.e. parents, family members).
For more information about Study Abroad visit the Center for Global Education’s website.
Financial Aid Resources