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Study Abroad! Here's How... Student Financial Services (SFS) will help you prepare for your adventure!

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Page 1: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

S t u d y Abroad!Here's How...

S t u d e n t F inanc ia l Serv ices (SFS) will h e l p you prepare for your adventure!

Page 2: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

P r e p a r i n g for your p r o g r a m a n d h a v e q u e s t i o n s ?

W h a t f inanc ia l a id c a n I u s e for s t u d y i n g a b ro a d ?

Are there st u d y a b ro a d s c h o l a rs h i ps ?

W h e n will I g e t m y f inanc ia l a id?

W h a t s h o u l d I d o prior to l eav i n g t h e c o u n t r y to b e s u re m y a id del ivers?

F i n d o u t m o r e here:

f i n a n c ia la id .ws u. ed u /f in an c ia l - a id - fo r - st ud y in g - ab ro ad

Page 3: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

R e q u i r e m e n t s

*Graduate a n d profess ional st u d e n t s h av e a different set of en ro l l m ent requirements . C h e c k w i t h Global Learning!

F in an c ia l Aid:U n d e rg ra d u a te st u d e n t s m u s t b e enrol led at

Global Le arn in g :Global L e a r n i n g requires u n d e r g ra d u at e s to b e

least hal f - t ime(6 credits) d u r i n g t h e Fall, Sp r i n g , or S u m m e r te r m to b e el ig ible for federal f inanc ia l aid.

enrol led in a m i n i m u m of 12 credi ts d u r i n g t h e Fal l a n d S p r i n g terms.* S u m m e r s e s s i o n varies.

Page 4: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

F i nanc i a l A i d El ig ibi l i tyIn m o s t cases , y o u c a n u s e your ex i s t i n g f inanc ia l a id a w a r d to p a y for s t u d y abroad.

Refe ren c e t h e S t u d y A b ro a d

Master A w a rd List to c h e c k your f inanc ia l a id

eligibility!

Visit: f inanciala id.wsu.edu/ f inancia l -a id-for-studying-a b ro a d

Page 5: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

T y p e s of A i dFe d e ra l & S ta te A i dIn c l u d e s loans, g ra n t s a n d waivers.

M u st c o m p l e te th e FA F S A or W A S F A annual ly.

Pr ivate L o a n sU s e th e S F S Private L o a n l e n der se a rch tool to c o m p a r e s i d e-by-s ide loan options.

W S U cert i f ies private loans. C e r t i f i cat i on ta ke s 10 b u s i n e s s days.

R e s e a rc h a n d p l a n a h e a d for Pr ivate L o a ns .

S c h o l a r s h i p sMost W S U sch o l a rsh i ps c a n b e u s e d for s t u d y i n g abroad.

If yo u h ave a n o u ts ide or pr ivate scholarship, p l e ase c h e c k wi th yo ur sch o l a rsh i p d o n o r to d ete rm i n e if yo u c a n u s e yo ur awa rd abroad.

Invest in S u c c e s s

Yes, y o u C A N u s e th e m a t c h i n g f u n d s for s t u d y abroad! A s k your P r o g ra m M a n a ge r or Global L e a r n i n g for details.

G E T F u n d s , E d S a v i n g P l a n s (529) & GI Bi l l

C o n t a c t your G lobal L e a r n i n g A d v i s o r A S A P for t h e s e & ot her funds .

Page 6: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

Global L e a r n i n g Ap p l i cat ion F e e

Tuit ion ( W S U if appl icable)

P r o g ra m C o s t s

R o o m & B o a r d

He a l th I n s u ra n c e

Airfare

B o o k s & Su p p l i e s

Pa s s p o r t

L o ca l Transportat i on

V i sa F e e s

Personal/Misc. E x p e n s e s

V S . P rog ra mE x p e n s e s

co st of a t te n d a n c e

C o s t of A tte n d a n c eW S U Tuit ion

B o o k s

R o o m & B o a r d

M a ndatory F e e s

Misc. L i v i n g E x p e n s e s

Transportat i on

S t u d e n t F i n a nci a l Se r v i ce s wil l revise yo ur co st of a t te n d a n ce b u d g e t for th e te rm s p e n t a b ro ad to ref lect th e co st s o u t l i ned in yo u r P r o g ra m E x p e n s e Information.

Page 7: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

R e v i s i o n s & A d j u s t m e n t sFinanc ia l a id a w a r d s m a y adjust to ref lect your P r o g r a m E x p e n s e Information.

P ro g ra me x p e n s e s m a y b em u c h h i g h e r

or lowert h a n W S U C o s tof At te n d a n c e .

Note:W e will let y o u k n o w w h e n yo u r a i d h a s b e e n p r o c e s s e d for yo u r trip.T h e n o t i c e wil l o u t l i n e w h a tc h a n g e s w e r e m a d e a n d w h e n yo u r a i d wil l release.

Once your information is received from Global Learning, we need about ten days to make any needed adjustments to your aid. You WILL receive a notification from us when this happens.

Page 8: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

P r o g r a m E x p e n s e s L O W E R t h a n

W S U C o st of Atten d a n ce.

P r o g r a m E x p e n s e s H I G H E R t h a n

W S U C o s t of A t t e n d a n c e .

Kev i n is s t u d i n g a b ro adin Italy this Fal l

Prior to S t u d y A b r o a d Revision:

Kevin accepted the annual m a x i m u m limit for Subs id i zed a n d Unsubs idize d loans.

Kevin's parent also acce pte d a Parent P lus L o a n to fully cover the r e main ing W S U Cost of Attendance. Memory problems can be caused by sPtroessst, dSetpuredsysioAn,bhryopoatdhyRroeidvisimsi,on: caKredivoivna'sscPurlaorgprraombleEmxsp, edinasbeestes,anda irnacngreeaosfeodthheirsilclnoesstsoefs.attendance

budge t .

Kev in w as offered a n additional Parent P lus L o a n u p to his n e w study abroad cost of attendance.

J a n e is s tu d y ing abroad in J a p a n this S p r i n g

Prior to S t u d y A b r o a d Revision:

J a n e received a Federal Grant a n d a Subsidized loan for the acade mic year.

J a n e also received 5 scholarships to fully cover the W S U Cost of Attendance.

P o s t S t u d y A b r o a d Revision:

Jane's P r o g r a m Expe nse s decreased her cost of attendance budge t .

Jane's Subs id ized loan was r e duce d so J a n e w as not f unde d over the n e w study abroad cost of attendance.

Page 9: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

Financial AidDisbursementAccording to federal regulations, financial aid for students studying

abroad is released on the first day of the regularWSUterm or 10 days prior to the student’s official program start date —whichever isLATER.

There are no exceptions.

Kevin’s program begins August23rd

Kevin’s disbursement is August 21st

WSU Fall begins August 21st

Jane'sprogram begins Feb8th

Jane's disbursement is Jan 30th

WSU Spring begins Jan 11th

Page 10: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

P a y i n g C h a r g e s & P r o g r a m P r o v ider s

S t u d e n t s m u s t p ay their p r o g r a m providers directly. W S U D O E S N OT p ay p r o g r a m providers o n behal f of students .

S t u d e n t p ays all a sso c i ate d co st s to p r o g ra m provider. C h e c k wi th

yo ur p r o g ra m for costs, deadl ines, a n d d u e dates! Yo u

m a y n e e d to p ay co st s B E F O R E yo ur f i n anci a l a i d delivers.

O n c e d i s b u rs e m e n t o ccurs , f i n anci a l a i d wil l f irst b e a p p l i ed to W S U c h a r g e s (if appl icable). T h e r e m a i n i n g f i n anc ia l a i d wil l

t h e n b e se nt to th e stu dent .

Page 11: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

B u d g e t i n g for S t u d y A b r o a dB u d g e t i n g is a m a j o r part in p r e p a r i n g to s t u d y abroad. G et creat ive w i t h a l ternat ive f u n d i n g sources. R e s e a r c h s t u d y a b r o a d p r o g r a m s that w o r k w i t h your b u d g e t a n d p l a n ahead!

U s e t h eS t u d y A b ro a d P l a n n i n g

Wo r k s h e e t

G et Started:

f inancialaid.wsu.edu/ f i n anci a l -a i d-for -studyi ng-abroad

Page 12: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

B u d g e t w i t h Purpose!

K e e p in m i n d , there m a y b e addit ional c o st s b e y o n d w h a t yo u are b e i n g bi l led for.

Jane ' s international cel l p h o n e pl an

Kevin's w e e k e n d trip w i t h f r i ends

P a rt-tim ejob

B irth d ay a n d

Hol iday P r e s e n t m o n e y

P e rs on a l S a v i n g s

F u n d ra is e rsG a ra g e /B a k e

Sa le

C row d fu n d in g Onl ine

U s e your soc ia l n et wo r ks a n d

t h i n k O U T S I D E t h e B O X

to f i n d other f u n d i n g s o u rc e s for your addit ional s t u d y a b ro a d exp en s es .

S ou ven irs /G ifts

Ent ert a i nm ent

Page 13: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

S c h o l a r s h i p O pportuni t i esEve r y year, s c h o l a rs h i ps h e l p st u d e n t s re a c h their d r e a m of s t u d y i n g abroad. Visit t h e s e w e b s i tes for m o r e information.

Global L e a r n i n g S c h o l a r s h i p R e s o u r c e sS t u d y a b ro a d spec i f i c .

f inancialaid.wsu.edu/ scholarsh ips

Program/Provider Scholarships .

L o c a t i o n S p e c i f i c Scholarsh ips .

S F S S c h o l a r s h i p R e s o u r c e s

S e a r c h t h r o u g h W S U , private d o n o r a n d foundat ion s c h o l a rs h i ps w i t h t h e S F S s c h ol a rs h i p s e a rc h en g i n e .

General S c h o l ars h i p App!

ip.wsu.edu/study-a b roa d /s c h ola rs h ip s

Page 14: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

T o- D o L i s t Before y o u Go!W h i l e away, b e s u re to regular ly c h e c k m y W S U a n d re s p o n d to a ny re q u e st s for information and/or c h e c k l i s t i tems. Addit ionally, b e s u re to c h e c k your W S U em a i l for information, reminders , or re q u e st s f r o m W S U .

S e t u p D i re ct De p o s i t for

f i n anci a l a i d o n m y.W S U

S e t u p a n d g ra n t Th i rd Pa rty A c c e s s

o n m y.W S U

U p d a te m a i l i n g a d d re s s o n m y.W S U for th e te rm a b ro ad

A F E R PA Re l e a s e F o r m is opt ional for s t u d e n t s s t u d y i n g abroad. W i t h o u t this Global L e a r n i n g s p e c i f i c

form, on ly g e n e r a l information c a n b e s h a r e d r e ga r d i n g inquir ies f r o m parents, a n d others.

Page 15: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

C h a n g e s toS t u d y A b ro a d

F i nanc i a lAid/Study

A b ro a d F o r m s

M a ke sure all fo r m s are g i v e n to S F S direct ly a n d w e will return it to y o u with in f ive b u s i n e s s days. B e sure a n d i n c l u d e your n a m e

a n d W S U I D n u m b e r.

Global L e a r n i n g will ad j ust your P r o g r a m E x p e n s e s a n d let S t u d e n t F inanc ia l S e r v i c e s k n o w s o your b u d g e t a n d f inanc ia l aid a w a r d s c a n b e adjusted.

P rog ra m ?If your s t u d y a b ro a d

p l a n s c h a n g e ,IM M EDIAT ELY

c o n t a c t t h e Global L e a r n i n g Off ice.

D o n ot wait unti l t h e last minute!

Your fo r m s c a n only b e g i v e n to YO U a n d not

t h e p ro g ra m .

Page 16: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

S u m m e r P r o g r a m s !

to b u d g e t your awa rd sfor fall/spring. To h ave r e m a i n i n g f i n a ncia l a id for s u m m e r, d o n o t m a x o u t your a n n u a l Fe d era l loan limits!

Wo r k w i th S F S a n d se e if y o u c a n m a x o u t your fall/spring awa rd s a n d S AV E th e ref unds for s u m m e r d u e dates!

S t u d e n t s m a y n e e d to ta ke W S U s u m m e r co u rs e s in a d di t ion to their s t u d y a b roa d p r o g ra m to m e e t m i n i m u m credit re q u i re m e nts for f i n anci a l aid. P l a n a cco rding ly.

Save

S t u d e n t s o n s u m m e r s t u d y a b r o a d p r o g r a m s c a n u s e their r e m a i n i n g f i na nc i a l aid, if any, f r o m fall a n d spr i ng . S t u d e n t s a r e e n c o u r a g e d to s a v e or b u d g e t their f i na nc i a l a i d for s u m m e r p r o g r a m s .

B u d g e t

If possible, m a k e su re

Page 17: Study Abroad! Here's How - WSU Financial Aid › documents › 2017 › 05 › ... · study abroad cost of attendance. Jane is studying abroad in Japan this Spring Prior to Study

Q u e s t i o n s ? C o n t a c t us!

S t u d e n t F inanc ia l S e r v i c es

3 8 0 L i g h t y S t u d e n t S v c s B l d g

(509) 335-9711f i n a n c ia la i d@ ws u .ed u

Global L e a r n i n g

105 B r ya n Hall(509) 335-6204

Ip .g lob a llea rn in g @ w s u .e d u