Financial Aid and Scholarship Information
How much does it cost to study abroad?
The cost to study abroad varies widely depending on the program. The actual cost usually includes tuition, program fees, room and board, round trip airfare, visa, passport, in-country transportation and personal expenses. Check the budget sheet on your program brochure for more detailed information. All students studying abroad must pay the $300 study abroad fee whether you are studying on a Loyola or non-Loyola program for a summer or a semester.
Can I use my financial aid to study abroad?
Loyola University New Orleans semester programs including ISEP exchange programs.
All aid but federal work study. Please note that if you receive a scholarship that covers housing, this cannot be used on Loyola exchange programs but can apply to ISEP exchange programs.
Loyola summer programs
Only federal aid applies
Non-Loyola programs approved by CIE (CIEE, Loyola Chicago, etc.)*
Only federal aid applies. Some state aid may apply
Direct enrollment in foreign institution
No aid eligibility (unless accredited by U.S. accrediting agency such as SACS)
ISEP Direct Programs
Only federal aid applies
*Students participating in a non-Loyola program must complete either the Consortium agreement for Study Abroad (if program is through an accredited US institution) or the Contractual agreement for Study Abroad (if the program is through a non-university program provider.)
Can I receive additional funding to study abroad?
The only additional funds available for study abroad expenses are Federal Parent (Plus) Loans and alternative loans. You also may be eligible for a number of scholarships. Please see out the scholarships section below for more detailed information.
Is financial aid available for summer study abroad programs?
The only Loyola funding available for summer programs are Federal Stafford Loans (if student is eligible), Federal Parent (Plus) and Alternative Financing Options. Students are required to complete a Summer financial aid application available at the Office
of Scholarships and Financial Aid by April 1st.
How will I receive my financial aid?
The Scholarships and Financial Aid office will deal with all aid as well as pay any outstanding allowable charges. Remember that charges such as parking, health services or balances from previous semesters cannot be paid by Financial Aid unless you have authorized it in writing with the Student Finance Office.
A refund will then be issued for any remaining amount. If you have completed the entire financial aid process and your aid has credited, the earliest date that a refund will be available is the first day of classes at Loyola. Refund checks can be requested online at www.loyno.edu/studentfinance/refundrequest.php. You should appoint a trusted friend or family member as your Power of Attorney. This person will be responsible for contacting the Student Finance Office and requesting your refund check. The refund check is made out in your name. Check with your bank to be sure that you appointed Power of Attorney will be able to deposit the check.
If you are participating in a non-Loyola program, you or your Power of Attorney will be responsible for using the refund to provide payment to the sponsoring institution or program. Loyola does not send payment directly to the non-Loyola institution. You should also be aware that some programs may require you to pay up front, rather than wait for your financial aid. Please check with the individual program for more details.
Study Abroad Scholarships
There are a number of scholarships to help you pay for studying abroad. We have listed some of the most well-known scholarships, but you can also search for scholarships at http://www.studyabroadfunding.org/.
The following scholarships and grants may apply toward your study abroad program! Please note that you may be eligible for more than one scholarship or grant. Click on each link below for additional information.
General Scholarships and Grants for Study Abroad
Benjamin A. Gilman International Scholarship
Awards of up to $5,000 for study abroad programs of at least 28 days. Apply early! Eligibility: Must be on Pell Grant. 4 -week study abroad or longer. Emphasis on non-traditional destinations (outside of Western Europe) and students with diverse backgrounds, but anyone on a Pell Grant can apply.
National Security Education Program (NSEP) Boren Awards
Scholarship awards of up to $20,000. Apply early! Eligibility: 8-week study abroad or longer. U.S. citizenship. Awarded for study outside of Western Europe, Canada, Australia or New Zealand. Requires service in U.S. after study abroad.
Rotary Foundation Ambassadorial Scholarships
Academic-year scholarships of up to $25,000 sponsored by the Rotary Foundation. Contact the New Orleans Rotary Club to begin the Ambassadorial scholarship application. Eligibility: Year-long study abroad. Contact Rotary Club for additional requirements.
Foundation for Global Scholars
Study abroad awards from $500-$2000. Late deadlines. Eligibility: Open to U.S. citizens studying abroad short-term, summer, semester, or year. Programs can be less than four weeks long.
Fund for Education Abroad Scholarships
The newly established Fund for Education Abroad will begin offering scholarships for students starting with the 2011/2012 academic year. Eligibility: U.S. citizenship. 4-week study abroad or longer.
Glimpse Correspondents Program Grants
Submit articles, stories, blogs, photographs and/or video footage from your time abroad to Glimpse Magazine in exchange for a $600 stipend. Eligibility: Open to all study abroad participants.
Diversity Abroad Scholarships
$500 scholarships for summer, semester or year study abroad programs. Open to economically-disadvantaged students, students of diverse backgrounds, and/or students studying abroad in non-traditional destinations. Eligibility: U.S. citizens or permanent residents studying with an Diversity Abroad partner organization (non-Loyola programs).
LIVFund scholarships support student learning, internships, and volunteer opportunities in Latin America. Applications are accepted year-round. LIVFund awards two $500 scholarships monthly. Eligibility: Open to all students studying, interning, or volunteering in Latin America.
Freeman-ASIA awards up to $3,000 per summer, $5,000 per semester, or $7,000 per year for study abroad in Asia. Eligibility: Open to U.S. citizens studying in Cambodia, China, Hong Kong, Indonesia, Japan, Korea, Laos, Macao, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, or Vietnam for a summer, semester, or year.
Bridging Scholarship for Japan
Bridging Scholarship recipients receive $2,500 per semester of $4,000 per year for study abroad in Japan. Eligibility: Open to U.S. citizens studying in Japan for a semester or year.
Morgan Stanley Scholarship for Japan
Morgan Stanley recipients receive $7,500 per year for study abroad in Japan. Eligibility: Juniors and Seniors at U.S. universities who will be studying abroad in Japan for an academic year.
CODOFIL Awards for Study in French-Speaking Countries
CODOFIL awards several full scholarships for programs in France, Belgium, and Canada. Visit the website for information on programs and awards. Eligibility: U.S. citizens or permanent residents.
DAAD Scholarship for Study in Germany
DAAD administers several scholarship programs for programs in Germany. Eligibility: Open to students studying, interning, or conducting research in Germany.
BUTEX Scholarship for Study in the U.K.
BUTEX awards £500 scholarships for study abroad in the U.K. Eligibility: Open to students currently registered at a U.S. university who will be studying abroad at a UK university which is affiliated with BUTEX. Please visit the BUTEX website for a list of affiliates.
ASF Grants and Awards for Study in Scandinavia
Grant recipients receive up to $5,000 for study abroad in Scandinavia. Eligibility: U.S. citizens or permanent residents studying in Denmark, Finland, Norway, Sweden, and Iceland.
Study Abroad Turkey Scholarships for Minority Students
TCA awards up to $2,000 for minority students studying in Turkey for a summer, semester, or year. Eligibility: African American, Hispanic American, and Native American students studying abroad in Turkey.
Hispanic College Fund Scholarship Programs
Scholarship opportunities for students with Hispanic background. Each scholarship has different eligibility requirements and award amounts vary. Eligibility: Varies by scholarship.
The National Italian American Foundation Scholarship Programs
Scholarship awards of up to $12,000 for Italian American students. Eligibility: Varies by scholarship.
The following is a partial list of scholarships available by department. Please contact your specific department to learn about more scholarship opportunities for your study abroad program.
College of Arts and Sciences - LaNasa Scholarship
Alliance for Global Education
Education Abroad Network