Both federal student loans and private student loans can be usedfor a study abroad trip.
People also ask
Can I use federal student loans to study abroad?
As a rule of thumb, you should always use federal loans before borrowing from a private lender. These typically have lower interest rates, more repayment options, and better financial hardship protections. You can typically use federal student loans to study abroad if your school is already apart of the federal student aid program (which most are).
What types of financial aid are there for study abroad?
If you檙e asking yourself (or maybe someone else is asking you) what types of financial aid there are for study abroad?there are a lot. You can explore study abroad grants, student loans for American students studying abroad, FAFSA international advice for study abroad, and study abroad scholarships.
Can I receive financial aid for a study-abroad program?
You may receive federal student aid for a study-abroad program, if you meet the aid eligibility criteria. If you aren already in the habit of filling out a Free Application for Federal Student Aid (FAFSA ) form each year for college, be sure to learn about the federal student aid programs and the FAFSA process.
Where can I get help with study abroad?
You can explore study abroad grants, student loans for American students studying abroad, FAFSA international advice for study abroad, and study abroad scholarships. See? We told you there were a lot.