can you use student loan to pay for study abroad

Best answer 鏄?/div>鏍规嵁 12 涓潵婧?/li> 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

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鏄?/div>鏍规嵁 12 涓潵婧?/li>

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).

  • Can I use my financial aid abroad?

  • There are a lot of different types of financial aid, some of which will work abroad and some not. Grants (i.e. Pell grants) are not eligible abroad, however, nearly 600 institutions in Europe are approved for US students to use their FAFSA loan awards to pay for the degree abroad, or at least to defer study loan payments.

  • How can I get funding to study abroad?

  • You should speak to the university or college you檙e thinking of studying at to see if there is any funding you could get. Normally, students studying abroad for a year of their course would be entitled to a higher amount of Maintenance Loan to help with the costs of living overseas.

  • Do I need to update my student finance application if studying abroad?

  • If you had planned to study abroad but will now be studying online with your overseas provider, you檒l need to update your student finance application. Normally, students studying abroad for a year of their course would be entitled to a higher amount of Maintenance Loan to help with the costs of living overseas.

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