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Study Abroad Loans
In general, students may
apply financial aid (including loans, grants, and scholarships) towards
the cost of ANY study abroad program, whether or not it is sponsored by
the State. Financial aid eligibility is determined using the TOTAL cost
of studying abroad (including air fare and personal expenses), based on
official program budgets provided by the Study Abroad Office or by the
sponsoring institution (if the program is not one of your State
program).
Please be aware
that the FAFSA should be submitted in January of the year prior to when
the program starts (see www.fafsa.ed.gov). T
If you are planning to
study abroad in the near future and the deadlines listed below have
passed, contact your school immediately. Financial aid funds are
available through the Office of Financial Aid to assist students who are
enrolled in a degree program with meeting the expenses of Study
Abroad experience.
Enrollment Requirements
Semester and Year Programs:
Aid recipients are expected to enroll as full-time students. Full-time
status is defined as an student registered for twelve (12) or more
credit hours per semester abroad (undergraduate) or for nine (9) or more
credit hours per semester abroad (graduate student) . If you do not
maintain full time status, awards may be canceled or adjusted.
Summer Programs:
Students must earn a total of six (6) during the Summer for financial
aid eligibility. PLEASE NOTE: Summer financial aid is generally ONLY
available in the form of student and/or parent loans.
Disbursement of Financial Aid Funds
- If you are billed through the Cashier's Office
(for example, for NC State tuition) and are receiving financial aid,
you may itemize the financial aid on the back of the bill and pay the
difference. If your financial aid is greater than the billed amount,
you should return the post card included with your bill deferring
payment.
- Financial Aid funds are not disbursed until the
first day of classes at NC State during the semester or session you
are studying abroad. There are NO EXCEPTIONS to this policy. Please
budget accordingly for plane tickets, Visa purchases, enrollment
deposits, etc.
- Payment Deferral for Financial Aid Recipients
- Students on Summer Programs: Students
receiving Financial Aid must submit a $500 payment (cash, check or
money order made payable to NC State; no credit cards accepted),
along with a copy of the Financial Aid award letter showing enough
funding to cover the program balance, to the Study Abroad Office by
April 1.
- Students on Study Abroad Programs (Semester in
Wales, Ghana, Prague Institute): Students receiving Financial Aid
must submit a $500 payment (cash, check or money order made payable
to the State; no credit cards accepted), along with a copy of the
Financial Aid award letter showing enough funding to cover the
program balance, to the Study Abroad Office by the Friday before
orientation.
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