FINANCIAL AID AND SCHOLARSHIPS

There are a variety of financial assistance options available to undergraduate students interested in going abroad.  If you plan to apply for or use your financial aid to pay for all or part of your GlobalEd program, you will have to speak with a financial aid advisor to determine whether your aid is applicable.  Applying for financial aid early is advisable as this will enable you to receive proper notice about your award and make any additional financial arrangements if necessary.

Is financial aid applicable to international programs?

Most financial aid and scholarships can be applied to programs abroad that offer a full course load of study provided the courses are pre-approved by your academic advisor, transferrable and applicable towards your degree.

A full course load means a minimum of 12 credits (or equivalent to four classes) for semester programs and a minimum of 6 credits (or equivalent to two classes) for summer programs.  All of GlobalEd’s semester programs offer a full course load from accredited universities and should be fully eligible for financial aid.  During the summer we have both credit and non-credit programs. Please contact GlobalEd before your appointment so we can advise you properly and make sure that the program you are interested in is eligible for financial aid.

There are a number of loans and grants offered by the U.S. federal government.

Federal Grants

  • Federal Pell Grant
    The Pell Grant is a need-based grant. To qualify, you must be a full-time undergraduate student with an Expected Family Contribution (EFC) below the limit determined each year.     Speak with your financial aid adviser for current information.
  • Federal Supplemental Educational Opportunities Grant (SEOG grant)
    This need-based grant is awarded to those students demonstrating the greatest financial need. Students typically must qualify for the federal Pell Grant to receive an SEOG Grant.     Speak with your financial aid adviser for current information.


Federal Loans

  • Federal Stafford Loan
    The Stafford Loan is in your name and is available to all students, regardless of financial need. If the loan is subsidized, the government will pay the interest while you are in school. If the loan is unsubsidized, you have the option of capitalizing the interest or of paying the interest quarterly during the in-school period. Payment of the principle itself (for both subsidized and unsubsidized loans) does not begin until six months after graduation, provided you remain enrolled on at least a half-time (six credits) basis.
  • Federal Perkins Loan(100kb  )
    The Perkins Loan is a low-interest loan (5 percent) awarded to those students demonstrating the greatest financial need.     Speak with your financial aid adviser for current information.
  • Parent PLUS Loans for Undergraduate Students
    PLUS loans are available to your parents—if you are a dependent undergraduate student—to help finance your education. Parents may borrow up to the full cost of your education, less the amount of any other financial aid you receive. There is a minimal credit check required for the PLUS loan, so a good credit history is required.


Federal Scholarships

  • David L. Boren Undergraduate Scholarships for Study Abroad
    The National Security Education Program (NSEP) provides scholarships to undergraduate students who wish to study languages and cultures considered to be important to U.S. national security. Students are not eligible to receive the Boren scholarship if they are studying in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, or the United Kingdom.
  • Benjamin A. Gilman International Scholarship
    If you receive a federal Pell grant, you are eligible to apply for a Gilman Scholarship.