What happens if my study abroad program costs more than the maximum amount of financial aid that I will be awarded?
Before assuming you will not receive an adequate financial aid award package, please talk to a Scholarships & Financial Aid counselor since your financial aid can be increased to assist with the costs of studying abroad. If the Scholarships & Financial Aid counselor explains that your costs cannot be covered completely by federal and state financial aid, the counselor can advise you about private loans (also known as alternate loans). Private loans are borrowed from financial institutions such as banks and lending companies, like Wells Fargo or Fannie Mae. These loans usually require a co-signer and often have higher interest rates.
Related Questions
- Can I receive financial aid for attending the OT program and what happens about the summers that I am doing fieldwork or in Rochester?
- What happens if my study abroad program costs more than the maximum amount of financial aid that I will be awarded?
- What is the maximum financial aid available with the Self-Employment Development program ?
