If you’re a student from the United States, you could be eligible for financial support through the standard federal FAFSA program, meaning studying at a foreign university may not be as difficult to finance as you’d imagined! You might want to study abroad as part of an exchange program for a semester or an academic year, or even for your undergraduate degree or as a graduate student.
Do you have a dream of studying in the UK, France, Germany, Italy or somewhere else?
Technically the “Free Application for Federal Student Aid” is the Federal Student Aid system operated by the US Department of Education.
Every year, many thousands of US students and permanent residents complete the FAFSA application forms to check their financial aid eligibility for their higher education and receive financial aid. These could be grant programs or loans (or both). Of course the main difference between a grant and a loan is that you have to repay the loan.
Yes! Federal Student Loan funding can be used to pay for your studies at an international school!
There are roughly 750 institutions outside of the US (about 600 in Europe and the rest in other countries) that have been approved by the US Department of Education to use federal funding or to defer other study loan payments. Unfortunately federal grants (i.e. Pell Grants) through this program are not eligible for study abroad.
Whether or not foreign universities are eligible for federal loans is decided by the US Department of Education. There is an official list of recognised international schools. You can find it at studentaid.gov.
Europe is home to some of the world’s most famous and most historic universities like Oxford and Cambridge in the UK and many around the continent offering high quality education and wonderful international experience. It’s an incredibly popular destination for international students from the US and around the world. Many universities are eligible for study abroad funding. You can find out if the school you choose is eligible by looking at the US Department of Education list, or checking a site like InternationalStudentLoan – because if a school is approved for private student loans then it must be approved for federal loans. Don’t forget that you must also be attending an approved program at the school.
If the Federal Student Aid isn’t enough or you don’t qualify, maybe you can get a study abroad scholarship or student loan from a private sponsor or lender – these are some of your financial aid options. Study abroad scholarships, grants and similar financial aid for study and awards may be available directly from schools or private institutions. Loans may be available from private lenders, but in order to be eligible for private loans, a school must be eligible for FAFSA loans first.
You should speak to the student financial aid office to find out what support the school offers to their international students.
Check to see if your chosen university is approved for FAFSA, and if they aren’t ask them if they offer financial aid packages or private loans for international students or know of any lenders that do.
You should see if there are study abroad scholarships offered by your chosen school and private scholarships – you can search these at internationalscholarships.com
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