Study Abroad Financial Aid
Students studying abroad for a semester are eligible to receive most types of federal financial aid as they would during a normal semester at Shippensburg (including Federal Pell Grants). Please note that you will need to check with the Office of Financial Aid to determine if any Shippensburg University scholarships you are receiving can be used for your particular study abroad program. Federal Work Study cannot be used during Study Abroad terms, and your eligibility for a PHEAA state grant will be reviewed based on actual cost of tuition and fees and term length provided by the study abroad host institution.
You will need to complete the following required financial aid forms when you apply to study abroad:
- FAFSA (For example, 15-16 FAFSA for fall 2015 study abroad semester).
- MPN and Entrance Counseling for new Federal Direct Loan borrowers if you are a new borrower. Visit http://www.studentloans.gov to complete these two requirements.
- Consortium Agreement paperwork. Call 717-477-1131 to schedule an appointment with the Study Abroad representative in the Financial Aid Office to complete these forms.
- Any additional paperwork requested by the Financial Aid Office.
A variety of additional financial aid options are available for when you study abroad.
Veterans' benefits are available for students studying abroad. Read more to find out if you qualify.
A Federal Parent PLUS Loan may be borrowed by your parents for any amount up to your cost of attendance minus any additional financial aid you are receiving. For example, if the study abroad semester costs $10,000 and you receive $2,750 in Federal Direct Loans, your parents will be able to borrow a $7,250 PLUS Loan. Interest rates for PLUS Loans are fixed, and the rates vary from year to year. If your parents are not approved for a PLUS Loan, they should contact the Study Abroad representative in the Financial Aid Office to determine your eligibility for additional Federal Direct Student Loan aid.
Alternative student loans are available from banks and lending agencies. They require a cosigner and may be borrowed for any amount up to your cost of attendance minus any financial aid you are receiving. For example, if your study abroad semester costs $10,000 and you receive $2,750 in Federal Direct Student Loans, you will be able to borrow $7,250 in an alternative loan. Interest rates for alternative loans are generally variable, meaning they can go up or down from year to year.
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