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Financial
Aid for Study Abroad Students
Many
students who are considering enrolling in a Study Abroad Program
become interested in applying for financial aid since their expenses
for the academic year significantly increase over their usual
expenses. Here are a few things that can help you understand the
relationship between Study Abroad and Financial Aid.
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The
First step for any student interested in financial aid is to
complete the Free Application for Federal Student Aid (FAFSA).
Applications for 2003-2004 are available now in the LTCC's Student
Services Office, and should be completed as soon as possible.
You may also apply on-line at www.fafsa.ed.gov
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You
must list the following code number in Step 6 of your FAFSA: LTCC
012907
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We
have regular state and federal financial aid programs to offer (Pell
Grant, FSEOG, Stafford Loans, Parent Loans, Cal Grant, EOPS and
Board of Governor's fee waivers.)
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Study
Abroad students must meet all eligibility criteria in order to
receive financial aid and must sign a consortium contract.
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Financial
aid programs offer loans and grants. Grant aid is available to
the lower income students/families while loans are available for
low, middle and upper income students/families.
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Students
in Study Abroad have extra expenses such as transportation
costs. This is taken into consideration when awarding
financial aid to Study Abroad students.
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Students
receiving financial aid for Study Abroad can generally be paid early
in the quarter before leaving on their trip, if their financial aid
file is complete. No aid can be disbursed before classes
begin; therefore, students will be responsible for paying all
deposits, etc. Aid is distributed on a quarterly basis for all
quarters during the school year, not just the Study Abroad quarter.
Scholarship
information is available at www.aifs.com/college/scholar.htm
For
additional information on financial aid, please refer to the following
websites:
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