Loyola University Maryland

Office of Financial Aid

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 Stafford Loans (subsidized and unsubsidized), Federal Parent Loans (PLUS), Federal Pell Grants, and most forms of state grant/scholarship assistance. If approval is granted, Loyola University Maryland 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)
    www.iefa.org
  • NAFSA: Association of International Educators
    www.nafsa.org
  • Financial Resources for International Study:
    A Guide for U.S. Nationals
    Institute of International Education (IIE)
    www.iie.org
  • The Smart Student Guide to Financial Aid
    Financial Aid for Study Abroad
    www.finaid.org/otheraid/exchange.phtml