1. Financial Aid: Study Abroad
Kimberly Petok
Assistant Director, Study Abroad
Deann Haight Financial Aid Counselor
Madison Thomsen
Financial Aid Compliance Counselor

2. Agenda Overview of Study Abroad Program Fees & Expenses
Applying for financial aid for Study Abroad Programs
Financial aid availability for Study Abroad Programs
Additional funding opportunities for Study Abroad Programs
Additional Information
Conclusions
Contact Us

3. Study Abroad Program Fees and Expenses
Tuition and Program Fees
Semester: LMU Home Tuition and Program Fee
Summer: Program Fee (includes tuition)
Other expenses
$100 Application Fee
$500 Commitment Deposit
The commitment deposit is applied to the cost of the program.
Airfare
Passport and Visa Fees
Meal expenses not included in the cost of the program
Supplemental health insurance (if necessary)
Other personal expenses

4. Study Abroad Program Fees and Expenses
When do I need to pay Study Abroad fees?
Tuition and program fees are billed according to LMU’s Student Financial Services’ billing calendar.
The Study Abroad application fee is billed to your student account approximately 3 weeks after the application deadline.
The $500 commitment must be paid approximately one week after being accepted into a Study Abroad program.
We will address what type of financial aid is available to you for studying abroad and when it might become accessible.

5. Applying for Financial Aid to Study Abroad
Submit FAFSA before March 2nd priority deadline
Submit Summer Financial Aid Application (Summer Study Abroad programs)
The Summer Financial Aid Application becomes available in early Spring, and it can be found at
You should meet with a Financial Aid Counselor once you have identified a program you are interested in, and/or once you are admitted into a Study Abroad Program.

6. Financial Aid Availability
Your financial aid availability for Study Abroad Programs depends on two things:
Type of Study Abroad Program you apply for
When you will study abroad

7. Types of Study Abroad programs
LMU Featured Programs (indicated by a star ) vs. LMU Non-Featured Programs
Fall/Spring vs. Summer Programs
To find out if your program of interest is Featured or Non-Featured visit or visit the Study Abroad Office.

8. Financial Aid Availability
Study Abroad Featured Programs (Fall/Spring)
Transferrable financial aid awards:
Federal Grants (Pell Grant, SEOG Grant)
Federal Loans (Subsidized, Unsubsidized Loans)
State Grants (Cal Grants)
Institutional Loans (California and Burns Loans)
Institutional Grants and Scholarships (LMU Grants, Merit and Endowed Scholarships)
Parent Plus Loan
Alternative Loans
Tuition Remission
Non-transferrable financial aid awards:
Work Study (Federal and Non-Need Based)
Parent Plus and Alternative loans discussed in more detail later

9. Financial Aid Availability
Study Abroad Non-Featured Programs (Fall/Spring)
Transferrable:
Federal Grants (Pell Grant)
Federal Loans (Subsidized, Unsubsidized Loans)
State Grants (Cal Grants)
Parent Plus Loan
Alternative Loans
Institutional awards (LMU Grants, LMU Scholarships, LMU Loans, Departmental scholarships) do not transfer to Non-Featured Study Abroad Programs.

10. Non-Featured Programs
Requirements
You are required to complete an application with LMU’s Study Abroad Office.
To receive any financial aid for a non-featured program, you must receive approval from your college to transfer the units to your LMU academic record.
The Transfer Course Approval form must be approved prior to any disbursement of financial aid for the program and can be accessed through the Study Abroad application.
Students must have the financial aid office of the host institution complete LMU’s Consortium Agreement and return it to LMU’s financial aid office.
Make sure it complete the form for the appropriate aid year in which you will be enrolling in the non-featured or petition program. The consortium agreement must be received before any financial aid can be disbursed for the program.

11. Financial Aid Availability
Summer Study Abroad Programs
Summer sessions are an extension of the academic year. Funding for Summer Study Abroad is limited to any federal loans that you did not use in Fall and Spring.
Undergraduates must be enroll in at least 6 units (both sessions combined) to be eligible for Federal loans.
You can use your Subsidized and Unsubsidized Loans for your Summer Study Abroad Program- IF you have remaining eligibility for the academic year.
If you have used all of your loan eligibility for the academic year, your financial aid eligibility is limited to Parent Plus Loan, Alternative/Private Loan, or Outside/Private Scholarships.
Remember to submit your Summer Financial Aid Application!

12. Additional Funding Opportunities
Study Abroad Financial Assistance Grants
Applications are handled by the Study Abroad Office
Eligibility is based on financial need and a project proposal
Pell Grant recipients are encouraged to apply
Grants available for featured Fall & Spring programs and most Summer programs
A majority of applicants receive funding (grant amounts vary)
Please note, grant funds are not available until the first day of classes per LMU’s university calendar and may not be used toward your commitment deposit.
Private/Outside Scholarships
Students can always apply for outside scholarships
Maintain competitive GPA for scholarships
APPLY, APPLY, APPLY!
Outside scholarships must be reported to the Financial Aid Office. If you receive outside scholarships we may revise your financial aid package.

13. Additional Funding Opportunities
Benjamin A. Gilman International Scholarship
The Gilman Scholarship Program is an undergraduate grant program for U.S. citizens of limited financial means
Requirements to apply:
U.S. citizen
Undergraduate student
Receive Federal Pell Grant funding
Available for Summer, Fall, Spring Study Abroad Program that is a minimum of 3 weeks in length
Highly competitive national scholarship
Visit for Deadlines and Timeline.

14. Additional Funding Opportunities
Study Abroad Website: Funding Tab – Scholarships/Grants
Office of National and International Fellowships (ONIF)
The Office of National & International Fellowships (ONIF) assists LMU students and alumni interested in pursuing external fellowships that support their academic and career goals. Many fellowships require candidates to apply through their university or alma mater, which in turn sponsors the candidate. ONIF facilitates this sponsorship.
Through ONIF, students can learn about fellowship opportunities available through governments, private donors, foundations, civic organizations, and corporations. We also offer strategic planning and advice for submitting a competitive application package.
To get an overview of various funding opportunities, click on Fellowship Listings. Students interested in applying for fellowships are encouraged to schedule an appointment with ONIF or call  

15. Additional Funding Opportunities
Parent Plus Loan
Federal loan for parents
Requires application and credit approval
7.6% fixed interest rate ( )
Payments can be deferred
Requires FAFSA and yearly Plus Loan application and Loan requirements
Private Loans
Should be your last option!
Student can apply
Typically requires a cosigner
Beware of high and variable interest rates
Keep in mind that loans must be repaid once you graduate.
Students are required to complete FAFSA and Alternative Loan Counseling if a private loan is approved.

16. Additional Information
Students must maintain Satisfactory Academic Progress (SAP) the term that they study abroad.
Minimum semester GPA of 2.00
Full-time students must complete a minimum of 12 units
An Official Transcript must be submitted to the Registrar’s Office upon completion of Study Abroad coursework.
Students are required to meet billing deadlines with Student Accounts and pay any balance for your Study Abroad Program that your financial aid does not cover.
If you pay in advance for your Study Abroad Program, any excess financial aid will be refunded to you (to request your refund
Your refund becomes available the 1st day of class, according to the LMU academic calendar.
Please note that you will only receive a refund if your financial aid exceeds your balance.

17. Additional Information
Billing deadlines
Semester:
Fall - July 20th
Spring- December 20th
Summer:
Session I - May 30th
Session II - June 30th
Summer fees must be paid in full by their due date.
Student Accounts
Payment Options
Payment Plans
Refunds
Late Fees
Ph , Option 6
Ph. hours 8:30am -4:30pm
Von Der Ahe, Suite 260
Office Hours: M-F 8am-5pm

18. Conclusions
Financial aid eligibility for your Study Abroad Program depends on the type of program that you choose.
Financial aid for Non-Featured and Summer Study Abroad Programs is limited.
Apply for scholarships!
Keep in touch with Study Abroad Program staff.
Meet with a Financial Aid Counselor to discuss your financial aid eligibility for a particular program.

19. Contact Us Financial Aid Office Charles Von Der Ahe, Suite 270 Ph
@LMUFinancialaid
Include your ID number in your correspondence with our office.