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People also ask
Can I use my student loans to study abroad?
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). You will need to complete the Free Application for Federal Student Aid (FAFSA) if you haven already.
What are the best types of financial aid for study abroad?
If you have exhausted your scholarship and grant options, the next form of financial aid to consider is study abroad loans. 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.
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.
How much money do you need to study abroad?
Studying abroad can be a rewarding experience for students, but one of the biggest barriers is figuring out how to pay for it. The average cost is around $18,000 for a semester, according to GoAbroad.com. If you have exhausted your scholarship and grant options, the next form of financial aid to consider is study abroad loans.