Student Financial Services Financial Aid
Information For: Prospective Students Current Undergraduates Graduate Students Parents
SEARCH THIS SITE:
 
HOME
Study Abroad

Financial aid available for study abroad

  1. The review of your financial aid eligibility begins by establishing a cost of attendance (COA) for your study abroad program. The cost of attendance consists of items such as program fees, room and board or living expenses, book and supplies, airfare, and personal expenses. The cost of attendance for UVA programs are set by the International Studies Office.

    After your COA for your study abroad term has been determined, we calculate your financial need. Financial need is defined as the difference between your cost of attendance and your expected family contribution. Once your financial need is calculated, we apply the financial aid that you would have been eligible to receive if you were studying on Grounds for the same term.

    Example One:  Third or Fourth Year Student, Non-Virginia Resident

     

    For an On-Grounds Semester

    For a Study Abroad Semester

    UVA Cost of Attendance

    $25,000

    Study Abroad Cost of Attendance

    $18,000

    Expected Family Contribution

    $5,000

    Expected Family Contribution

    $5,000

    Financial Need

    $20,000

    Financial Need

    $13,000

     
    Financial Aid Awards Financial Aid Awards

    Federal Subsidized Direct Loan

    $2,750

    Federal Subsidized Direct Loan

    $2,750

    Federal Perkins Loan
    $1,750
    Federal Perkins Loan
    $1,750

    Federal Work-Study

    $2,000

    Federal Work-Study

    $0

    Access UVa Scholarship

    $13,500

    Access UVa Scholarship

    $8,500

    Unsubsidized Direct Loan

    $1,000

    Unsubsidized Direct Loan

    $1,000

    Total Financial Aid Awarded

    $21,000

    Total Financial Aid Awarded

    $14,000

     

    Estimated Out of Pocket Cost

    $4,000

    Estimated Out of Pocket Cost

    $4,000

     

    Example Two:  Third or Fourth Year Student, Virginia Resident

     

    For an On-Grounds Semester

    For a Study Abroad Semester

    UVA Cost of Attendance

    $12,000

    Study Abroad Cost of Attendance

    $18,000

    Expected Family Contribution

    $5,000

    Expected Family Contribution

    $5,000

    Financial Need

    $7,000

    Financial Need

    $13,000

     
    Financial Aid Awards Financial Aid Awards

    Federal Subsidized Direct Loan

    $2,750

    Federal Subsidized Direct Loan

    $2,750

    Federal Perkins Loan

    $500

    Federal Perkins Loan

    $500

    Access UVa Scholarship

    $3,750

    Access UVa Scholarship

    $3,750

    Unsubsidized Direct Loan

    $1,000

    Unsubsidized Direct Loan

    $1,000

    Total Financial Aid Awarded

    $8,000

    Total Financial Aid Awarded

    $8,000

     

    Estimated Out of Pocket Cost

    $4,000

    Estimated Out of Pocket Cost

    $10,000

     

    Example Three:  Second Year Student, Virginia Resident

     

    For an On-Grounds Semester

    For a Study Abroad Semester

    UVA Cost of Attendance

    $12,000

    Study Abroad Cost of Attendance

    $25,000

    Expected Family Contribution

    $27,650

    Expected Family Contribution

    $27,650

    Financial Need

    $0

    Financial Need

    $0

     
    Financial Aid Awards Financial Aid Awards

    Unsubsidized Direct Loan

    $3,750

    Unsubsidized Direct Loan

    $3,750

    Total Financial Aid Awarded

    $3,750

    Total Financial Aid Awarded

    $3,750

     

    Estimated Out of Pocket Cost

    $8,250

    Estimated Out of Pocket Cost

    $21,250

     

    Reminder:

    • Student Financial Services (SFS) does not increase grant aid to cover the additional cost of study abroad programs. 
    • In most cases, we will award the student the maximum annual Direct Loan amount for which they are eligible.  Please visit our loans page and scroll down to the section titled “Direct Loan Maximums” to see these maximum amounts by year.  The additional out of pocket cost can be covered by Parent PLUS or private loans.  Most students have already used their annual maximum for the Direct Loan.  If you are unsure of your Direct Loan availability, check your SIS Student Center under View Financial Aid.  

    Please remember to report any scholarships that you have been awarded for your study abroad program to Student Financial Services. Your scholarship(s) may affect your financial aid eligibility.

    Once your financial aid eligibility has been reviewed, you will see adjustments to your financial aid in your SIS Student Center under View Financial Aid. If you have been offered Federal Direct Loans or Federal Perkins loans and you wish to borrow these loans, you must accept these awards online.

    If you are a first time Federal Direct Loan borrower, please:
    1) Accept/Decline your Direct Loans in your SIS Student Center.
    2) Complete an Application/Master Promissory Note and complete Loan Entrance Counseling at http://studentloans.gov

    If you are not a first time Federal Direct Loan borrower, please:
    1) Accept/Decline your Federal Direct loans in your SIS Student Center.

    If you are first time Perkins loan borrower, please:
    1) Accept/Decline your Perkins loan in your SIS Student Center.
    2) Complete the Master Promissory Note at http://ipromise.campuspartners.com
    3) Complete Loan Entrance Counseling at http://ipromise.campuspartners.com

    If you are not a first time Perkins loan borrower, please:
    1) Accept/Decline your Perkins loan in your SIS Student Center.

Return to Main Study Abroad page

 
E-mail comments to:
Last Modified: Friday, 11-October-2013 15:56:39 EDT
Copyright 2014 by the Rector and Visitors of the University of Virginia