Education abroad student financial aid

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Education Abroad & Student Financial Aid

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What's Inside

A note from the Student Financial Aid Office.....................................3 Steps to Receiving Financial Aid....................................................4 Types of Aid for Studying Abroad................................................ 5 Frequently Asked Questions........................................................ 6 Understanding a Cost Sheet........................................................11 Disney College Program.............................................................12 NYC Studio Semester Checklist 2017- 2018......................................13 NYC Housing Addendum Form 2017 - 2018 ....................................14 Study Abroad/Away Cost of Attendance Increase Form 2017 ? 2018.........15 Start of Semester Learning Agreement ............................................16 End of Semester Learning Agreement ............................................17

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A note from the Student Financial Aid Office...

Studying abroad provides you with unique learning opportunities that can intellectually and culturally enhance your student experience. While there is a lot to consider when preparing for your time abroad, we realize that finances can play a big role in the planning process. The Student Financial Aid Office encourages you to review our resources, both online and in-person, to help you reach your educational goals.

Every financial situation is different, so we encourage you to reach out to our office to help make education abroad a reality while at Kent State. We work closely with the office of Global Education and encourage you to seek assistance from their advisors to decide on the best program for you. When you have decided which programs you are interested in and what semester you plan on attending, we are here to help. Planning ahead is important and we suggest that you have your finances in order the semester before you plan on traveling.

Saving and fundraising can provide significant financial contribution towards your time studying abroad. There are hundreds of scholarships specific to study abroad that, with effort, can be found to help you finance your educational experience. We encourage you to check with your College, the Office of Global Education, and utilize the Financial Aid Scholarship Search Qualifier (kent.edu/financialaid/scholarships).

Whether you are just starting to consider a semester abroad, or have already applied, we are available to help. We hope that you take the time to review the financial aid information for studying abroad or studying away domestically that we have attached.

Education Abroad Financial Aid Counselor

Alana Thompson abaudo@kent.edu

Kent State Florence

Kent State Exchanges

Geneva-Webster University

ISEP Exchanges/ ISEP Direct

New York City Studio

Faculty Led/ Short Term

Third Party Programs

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Steps to Receiving Financial Aid

Note: Some colleges offer seminars and informational sessions throughout the year that may benefit you in understanding the study abroad process.

Begin researching your options for study abroad programs up to one year in advance. The Office of Global Education (OGE) has the most current listing of study abroad programs offered by Kent State, as well as programs sponsored by other universities and third party providers. For a detailed list visit educationabroad.kent.edu

Obtain information regarding the direct and indirect cost for each program you are considering. This can be found at the OGE Office, or through their education abroad website when searching for a program.

Complete the Free Application for Federal Student Aid (FAFSA) for the academic year in which you will be abroad. The FAFSA Form is filed electronically at .

If you have a scholarship awarded to you by an academic department (i.e. Art Scholarship, Accounting Scholarship, Honors College), contact the appropriate department to find out if you can use this scholarship while participating in a study abroad program. In most cases, you may use your scholarships, as long as you are participating in a Kent State program or sanctioned exchange. Please note that if you are attending a short-term or summer program, there is a 12 credit minimum to use your Kent State renewable scholarships.

If you decide to participate in a program that requires you to enroll directly in their courses or through a third party provider (such as Across the Pond), you must visit the Global Education website or office, to obtain the Transfer Course Planning Form (TCP). Their office is located in 106 Van Campen Hall. The TCP allows OGE, your academic advisors, and the Student Financial Aid Office to work together to ensure a successful study abroad experience for you. The Student Financial Aid Office requires a signed copy of your TCP in order to ensure the proper disbursement of your financial aid.

If you are planning on using your financial aid to help pay for your program, contact Alana Thompson (Education Abroad Counselor) at abaudo@kent.edu, to discuss your options.

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Types of Aid for Studying Abroad

*Complete the FAFSA to be eligible for federal and state financial aid. Determine how you are going to pay for direct & indirect costs.

Scholarships

To apply for scholarships to study away, you can begin searching up to one year in advance.

Kent State University Scholarships: Students may be able to use Kent State University scholarships that are awarded by the Student Financial Aid Office or the Admissions Office. Scholarships can be used depending on what study abroad program you have selected. You are able to use your Kent State scholarships for a Kent State program abroad. The same renewal and enrollment requirements apply while abroad.

Examples of Kent State University Scholarships: Trustee Scholarship, Oscar Ritchie Memorial Scholarship, President's Grant, President's Scholarship, University Award, Honors College Scholarship, Founders Scholarship

Outside resources: Visit kent.edu/financialaid/scholarships for information on how to search for scholarships. It is suggested that you register with at least one external scholarship site, such as Fastweb or Collegetoolkit. Contact your College to see what they offer to students studying abroad.

Grants

Determined by the FAFSA results

Loans

Federal Student Direct Loans: (Dependency status based on FAFSA results)

Dependent Student:

Sophomore

$6500/academic yr.

Upperclassman $7500/academic yr.

Independent Student:

Sophomore

$10,500/academic yr.

Upperclassman $12,500/academic yr.

Federal PLUS Loan:

PLUS loans are unsubsidized loans for the parents of a dependent student or for graduate/professional students. PLUS Loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest accrues during all periods.

For a dependent undergraduate student, the parent is the borrower and the loan will enter repayment while the student is in school. Parents can choose to defer repayment on the principal of the loan until after graduation. Parents of dependent students can apply for the Parent PLUS loan at

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.

Graduate students can log in to and complete the application for the Graduate PLUS loan. Visit kent.edu/financialaid/loans for additional information

Alternative Loans: Students can apply to borrow a private loan for education expenses up to the cost of attendance minus all other financial assistance. Typically, an alternative loan application requires a credit-worthy co-signer. These loans are not federally regulated, and each lender will offer different terms and conditions. You can compare and contrast different alternative loans through FASTChoice.

Frequently Asked Questions

Can I receive financial aid to study abroad?

In most cases you are eligible to receive financial aid to assist with the costs of your study abroad program. There may be additional requirements based on the type of aid you have and the program you choose. Oftentimes, you will need to complete a Transfer Course Planning Form (TCP). The Office of Global Education will notify you when you apply to the program of your choice if you will need to complete that form. If you do need the TCP, the Financial Aid Office requires a signed copy.

What is the TCP?

The Transfer Course Planning Form has information that is required by your college and OGE. It includes the listing of courses you would like to take, and permission for those courses to be applied to your Kent State transcript. This information is used by the Student Financial Aid Office to determine what type of financial aid you will be eligible for and the amount.

I have not applied for financial aid. What do I need to do?

The study abroad program type determines what steps you will need to take to receive financial aid. The first step would be to complete the FAFSA (Free Application for Federal Student Aid) as soon as possible at to begin the process. The FAFSA needs to be completed every year, and should be completed as soon as possible after October 1st. Once the Student Financial Aid Office receives your FAFSA results, we will determine your eligibility for federal, state and institutional aid. You will receive a financial aid email and may view your awards on your FlashLine account.

I am going to study abroad in the summer. What do I need to do?

If attending in the summer semester, complete the Enrollment Plan Q&A on your FlashLine account. If you have any questions or need to update your enrollment plans please refer to the Financial Aid Summer Information Page at . Please note, students attending an intersession program will not have their summer financial until a week prior to the Summer I Session start date.

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