Scholarships, Grants and Loans for Non-IU Study Abroad

IU FINANCIAL AID

Students who wish to continue receiving federal or state loans or grants while study abroad at a site where IU does not have an overseas study program MUST be enrolled at IU in a special course (OVST-Y 496), following the directions below, during their absence.

Students who do not receive federal or state aid but receive private or IU departmental or institutional scholarships or grants can continue to receive these if they qualify to be enrolled in OVST-Y 498 and sign a contract attesting to the parameters that govern financial aid portability at IU.

To verify your financial aid award status, see ONESTART.

FINANCIAL AID AND NON-IU PROGRAMS

Most IU financial aid may be applied to non-IU programs but NOT performance scholarships, Guaranteed Tuition certificates, fee courtesies, SSACI Indiana Higher Education awards, 21st Century Scholarships, assistance to children of disabled veterans, or other fee remissions.

Students should verify the transferability of specific scholarships with their home campus financial aid office. Visit this link for information on national scholarships and other sources of financial assistance.

1) ELIGIBILITY FOR OVST-Y 496

1. To qualify for OVST-Y 496: Study Abroad/Non-IU Program, students MUST be enrolled full-time overseas and have endorsements from their department and the Office of Overseas Study based solely on academic need.
   
   
2. The credits MUST satisfy a student’s degree requirements (major, minor, distributional, required electives, etc.). A program of elective credits abroad, above and beyond the minimum credits required for a degree program, does not qualify a student for enrollment in Y496.
   
   
3. Students with a cumulative GPA of less than 2.5 or any semester GPA less than 2.00 are not eligible for Y496.
   
   
4. The Y496 process cannot be initiated after your program abroad begins.
   
   
5. Credit from your program must be transferred within six months of the termination of the program otherwise all financial aid will need to be repaid and/or future financial aid will be cancelled. The transferred credit must show that you were enrolled full-time while abroad.
   
   

2) ELIGIBILITY FOR OVST-Y 498

1. To qualify for OVST-Y 498: Study Abroad/Non-IU Program, students must be registered in a credit-bearing program that has been approved by Indiana University.
   
   
2. Students must meet the enrollment expectations of their scholarship or grant provider.
   
   
3. Students must have a cumulative GPA of at least 2.0.
   
   
4. Credit from the program must be transferred within six months of the termination of the program otherwise all financial aid will need to be repaid and/or future financial aid will be cancelled.
   

PROCEDURE

1. Visit Overseas Study to discuss whether you may use your financial aid abroad. Bring a detailed description of your program.
   
   
2. If approved, complete the proper documentation by November 1 for spring programs and by April 1 for summer and fall programs.