If the study abroad program is a Loyola sponsored program, the student is eligible for all forms of federal, state, institutional, and private sources of aid except Federal Work-Study. Students studying abroad for a semester or full academic year will forfeit the value of a Federal Work-Study award.
If the study abroad program is an external program, student’s are eligible to receive Federal Direct Loans (Subsidized and Unsubsidized), Federal Direct Parent PLUS Loans, Federal Pell Grant, and most forms of state grant/scholarship assistance. Institutionally controlled forms of financial aid including academic scholarships, athletic grants, non-need-based grants, need-based grants, Federal Supplemental Educational Opportunity Grant, and Federal Work-Study are forfeited and may not be used to assist with educational expenses incurred for these study abroad programs. Privately funded scholarships and grants may be used only with written permission of the organization or donor sponsoring the award.