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Foreign Study Financial Aid Policy


Students receiving financial aid to attend the Mount may be able to use some or all of their aid to help defray the costs of foreign study. The types and amount of aid that can be used will be determined by the financial aid office based on the type of program and costs.

Any federal, state and private funds in the student’s financial aid package may be used as long as the total aid does not exceed the cost of study. In addition, in those programs in which tuition is paid directly to the Mount, institutional scholarships and grants may be used to help offset the cost of tuition. See below for a more detailed description of specific financial aid awards as they relate to foreign study programs.

Students interested in obtaining financial aid for foreign study should visit the financial aid office during the semester prior to going abroad to make necessary arrangements.

Financial Aid Type

Can this be used for Mount programs?
(can tuition be paid directly to MSM)

Can this be used for other foreign study programs?


MSM Academic Scholarship

Yes

No

MSM Need-based Grants

Yes, but pro-rated

No

MSM Athletic Scholarship

With approval from athletic department; in combination with other MSM funds, may not exceed tuition

No

Federal Grants (Pell, SEOG)

Yes

Yes

State Scholarships or Grants

Yes

Check with financial aid office

Work Study

No

No

Federal Loans

Yes, but arrangements need to be made with financial aid office

Yes, but arrangements need to be made with financial aid office

Private Scholarships/Grants

Yes

With approval from donor


Additional Notes

Total aid cannot exceed total costs.

Total MSM aid cannot exceed tuition.

Arrangements need to be made with financial aid office to use loan awards.

Total aid cannot exceed total costs.

Financial aid office needs to be contacted for Consortium Agreement.

Arrangements need to be made with financial aid office to use loan awards.

 
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