17.08.2005
International Education Financial Aid (IEFA) The IEFA is a large database of financial aid sources for study abroad. Web: http://www.iefa.org Federal Student Aid (FSA) Federal Student Aid may be used to study abroad if you are enrolled at a US Institution and that institution has approved your study abroad program for credits. Most universities will consider accrediting study abroad programs on an as-needed basis. However, your university will want you to pay for the credits it sponsors and thus this option can substantially increase the cost of studying abroad. Types of FSA have been listed below with links leading to more info. All options are based on financial need and require that you fill out a FAFSA. Private Loans StudyAbroadLoans.com is a private company structured almost exactly like FSA. Its loans are purely credit based and thier fees and intrest rates are slightly higher. NOTES ON OTHER SOURCES: The sources listed above are some of that have proven stable and useful to our students in the past. If you have others to recommend, please contact us. There are many other books, private loan companies, and scholarship and financial aid search engines out there that are willing to help you with funding your study abroad experience. However, it seems that most books were published at least a decade ago, making them questionable and oddly still-expensive resources. Some search engines and databases are also not properly maintained. Make sure you check for publication/last update dates before you start spending hours on the information you find, or before you pay for a book or a membership fee. There are also scams out there, companies that will offer you loans, but with hidden charges and even several "scholarship scams," companies and people that charge the application fees for scholarships, but don't actually give scholarships. Talk about your options with your advisor, never sign up for or pay for something that looks less than professional. « back to Funding archive
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