Financial Aid & Scholarships
Financial Aid for Study Abroad
For many students a study abroad experience can only be possible
with financial assistance. Eligible federal student
financial aid programs include Pell Grants, Supplemental Educational
Opportunity Grants (SEOG), Perkins Loans, Stafford Loans, Supplemental
Loans for Students (SLS) and Parent Loans for Undergraduate Students
(PLUS). Be sure to speak with the financial aid officers at L-RC to
learn what aid is applicable for your overseas educational program. If
you are
seeking additional scholarship money will find, however, that the
search is not easy. Although there are funds out there, you must be
persistent and determined. Remember that the competition is keen. Your
GPA must be good; the quality of your essay and credentials, superior;
and your goals, focused. Committees reviewing applications expect you to demonstrate preparedness and to be
show how the
study abroad experience will affect your life after the time abroad.
Consortia Scholarships
For a listing of LR’s current consortia partners check with the
Office for International Education. Arcadia University (fromerly Beaver College) and Central College have modest scholarship funds
available for those who qualify.
Hometown Scholarships
Local community organizations, emigre associations and some
businesses may have awards. Check with your church to see if there is
a local, regional or national scholarship for which you can apply.
Institute for International Education (IIE)
This organization is very helpful and contains a great deal of
information on international educational exchanges, scholarships and
grants. Particularly interesting is the Freeman-ASIA grant which
awards significant funding for study in the East and Southeast Asia.
In Fall 2001 L-RC student J.P. Cima, a theology-philosophy major, will
travel to Japan to study with the assistance of a Freeman-ASIA
grant. Web: www.iie.org
International Student Loan Program (ISLP)
The International Education Finance
Corporation (IEFC) offers loans to help participants pay for their
study abroad experience. The ISLP offers Stafford and PLUS loan
financing with a supplemental loan through a single package. Students
are able to receive government and supplemental financing to cover all
costs of studying abroad through one program. Web Site; www.iefc.com
National Security Education Program (NSEP)
The NSEP program provides funding for undergraduates and graduates
studying abroad in areas outside of Western Europe, Canada, New
Zealand and Australia. Students in fields critical to national
security such as engineering and applied sciences, business, economics
and international affairs, political, policy and social sciences,
health and law are particularly encouraged to apply. The OIE is the
campus representative for the NSEP program and has more information on
how to apply. Web: www.iie.org/nsep
Rotary International
The Rotary Foundation, the world’s largest privately-sponsored
international scholarship program, provides funding for overseas study
for undergraduate, graduate, vocational and journalism students and
offers a special award for teachers of the disabled. Rotary Foundation
scholarships provide money for travel and living expenses, as well as
tuition and academic fees. LR student, Edgar Foster, a theology and classics major
received a Rotary Fellowship to cover all costs for graduate work in
Scotland 2001-2002. Contact your local Rotary Club for information
about the award or check out the web site: www.rotary.org
United Kingdom: The British Council
Consider these are starting points for financial
aid to study in England
British Marshal Scholarships www.marshallscholarship.org.
The British Marshal Scholarships, established in
1953, is the largest scholarships program for American studying in the
US. Up to 40 Marshall Scholarships are awarded annually. To qualify
candidates must be
- American citizens at the time of the application
- Apply two years of graduating from their undergraduate college
or university
- Have a GPA of at least 3.7 (after Freshman year)
Publications to Consult
Financial Aid for Research and Creative Activities Abroad.
San Carlos, CA: Reference Service Press. Bi-Annual (650-594-0743)
Financial Aid for Study and Training. San Carlos, CA: Reference
Service Press. Bi-annual.
Financial Resources for International Study: A Guide for US
Students and Professionals. New York: Institute for International
Education (212-984-5330)
Financial Resources for International Study. Princeton, NJ:
Peterson’s Guide (1-800-338-3282)
Funding for US Study: A Guide for International Students and
Professionals. New York: Institute for International Education
|(212-984-5330)
Foundation Grants to Individuals. New York: The Foundation
Center (212-620-4230)
The International Scholarship Book. 2nd edition. New
York: Prentice Hall (212-373-8500)
Free Money for Foreign Study.
New York: Facts of File
(212-967-8800)
Web Sites
These are the financial aid pages of some major US
institutions. Although some of the information is specific to the university
that hosts the page, there is also some general information that
may be useful
www.nafsa.org
www.colorado.edu/OIE/StudyAbroad/economics.html
www.niu.edu/niuabroad/scho-fin.htm
www.uic.edu/depts/spec_prog/studyabroad/UICMAIN.html
US Department of Education FAFSA: http://www.fafsa.ed.gov
Sources and Tips: http://www.studyabroad.com/forum/financial_aid.html
Internet Scholarhship Search: http://www.studentservices.com/fastweb
Miscellaneous Financial Information:
http://www.IEFA.org
http://www.finaid.org
http://yahoo.com/education/financial_aid
http://www.teri.org
http://www.nelliemae.org
http://salliemae.com
http://www.collegenet.com/finaid/index_html
http://collegeboard.org
http://www.ed.gov
http://www.doe.mass.edu
http://collegeview.com
http://petersons.com
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