Can I receive financial aid for my semester/year study away program?
YES, if you are registered as a Concordia College student participating in a program approved through Global Learning you can qualify for financial aid. Your financial aid will still be determined based on financial need, just as if you are studying here on-campus at Concordia College. Be aware that all financial aid and scholarship eligibility requirements set by the issuing party/institution must be upheld in order for you to receive these funds as well as remain eligible in the future.
Are there "additional" grants or scholarships available for study away?
No, there are no additional grants or scholarships available for study away participants. The only additional financial aid available would be in the form of loans. If you are already using your Federal Direct Loans, the additional loan would have to be taken out in the Federal Direct Parent Loan program or a private loan.
I want to take out loans to cover the costs. What do I do now?
If you would like to visit with the Financial Aid Office about additional loan options, please contact the Financial Aid Office at 218.299.3010 to schedule an appointment to review your options. Please, make sure that you have your most recent FAFSA complete. Financial aid awards for the academic year will not go out until after May 1st prior to the beginning of the academic year.
If you are taking out a private loan or your parent is taking out a Federal Direct Parent Loan, you will need to complete the actual loan application(s). We suggest you complete the applications online. If you already know what loan program you are planning to use, you can go online and complete the loan application process. Once the application is complete the lender will forward that information to the Financial Aid Office to verify that you are eligible for the loan and the dollar amount you requested. Note: Please allow plenty of processing time for your loan applications before you depart. This is in case your lender or the Financial Aid Office is in need of additional information from you before you depart. This is especially true with private loans as that process can take 30 days or more to receive funds.
I am using a tuition exchange program. Will I be able to receive this benefit for my study away program?
No, tuition exchange benefits are not applicable to study away. If you have questions about your specific exchange program, please contact the Financial Aid Office. You are still eligible to apply for FAFSA, and the Financial Aid Office will determine if you are eligible for any need-based aid.
How do I find out the cost of my study away program?
You will work with your Study Away Advisor to determine the cost of your program. You will receive an Estimated Expenses Guide that will detail the costs of your program the semester prior to your departure.
I have received the Estimated Expenses Guide from my Study Away Advisor, now what?
The guide you receive has been sent to the Financial Aid Office by Global Learning so they have a record of your study away costs. Once you have been accepted to a study away program, Global Learning will let the Financial Aid Office know. At that time, the Financial Aid Office will factor the additional expenses into your cost of attendance at Concordia College. These costs will be added to your cost of attendance to allow you to borrow additional loans if needed. This adjustment in your cost of attendance will not change any of your financial aid other than allowing you the ability to apply for and borrow additional loans to cover these expenses.
There is 'Spending Money' itemized on my Estimated Expenses Guide. Will I be billed for that?
No, spending money (among other things like airport transfer, passport, or visa) is only factored into the budget as an option to you. It allows you to apply for loans to use for extra personal expenses you may have prior to or while studying away. Concordia College does not bill you for this. If you are planning to take out loans in order to receive a refund to be used for spending money, you must apply for additional loans to cover this. All loan funds will come directly to the college and credit to your bill in the Business Office. Concordia College will only issue a refund for funds that are in excess of your charges at Concordia College.
Are there deposits or prepayments that need to be made for my program?
Yes, you will be required to pay a $200 application deposit prior to the application deadline. Your application will not be acknowledged if the deposit is not made by the application deadline. You will pay the deposit to the Business Office and upload a scanned copy of your receipt to your application on StudioAbroad where your Study Away Advisor will acknowledge its acceptance. Likewise, a $500 deposit will be due at a second deadline. Please see the Payment and Refund Policy or speak with your Study Away Advisor for any questions regarding refunds, non-payment, or deadlines.