One of the most frequently asked questions for students considering going abroad is “how will I pay for it?”
Financial aid (loans, grants, and scholarships) can be applied to a study abroad program or other abroad experiences such as volunteering or internships where the student will be awarded academic credit. For summer programs, students must be enrolled in at least six credits to be eligible for financial aid.
Students interested in learning about how their financial aid will work for a term abroad should gather program cost information for the programs they are considering and then set up a meeting with the Study Abroad Adviser to create a Study Abroad Cost Estimate (SACE). Once you have a Study Abroad Cost Estimate you can set up a meeting with the designated Financial Aid Officer to discuss how your financial aid will work for your term abroad. You should make sure to do this at least two months prior to your departure.
Please visit the Learning Abroad Center’s Financial Aid pages for general information on how financial aid works while studying abroad. This information is for the University of Minnesota, Twin Cities and there may be some differences between UM-TC and Morris policies, but the site includes detailed financial aid information and addresses many frequently asked questions.
Students should also familiarize themselves with the University’s cancellation policy.