Summer Study Abroad Financial Aid Estimator
This calculator will help you estimate your financial aid loan eligibility for your summer study abroad program. It is not a guarantee of aid. Additional loan programs beyond your annual federal direct loan limit may be available such as the Federal Direct Parent PLUS program for students of eligible dependent students or private educational loans. If you have questions after you have used the Financial Aid Loan Estimator, contact the Financial Aid Department.
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This figure is provided to you on the Faculty-Led Study Abroad Travel Program Worksheet. |
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To calculate this figure, go to Web4U, add together the Federal Direct Subsidized and Unsubsidized Loans that you accepted for the current academic year. Include loans you received from other schools during the current school year. Subtract the resulting total accepted loans from the appropriate annual Direct Loan limit according to your class standing and dependency status in the table below. It is critical that you use the correct dependency status when choosing the Annual Loan Limit in the table below. Enter the result here. Note: Dependency is not based on support from parents. Nearly all undergraduate students who are under age 24 as of December 31 of the offer year are considered to be dependent for federal student aid purposes.
In addition to the annual loan limits, there is an aggregate lifetime limit of $31,000 for dependent students, and $57,500 for independent students. Go to NSLDS to find your current student loan debt. |
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This is the sum of any funds you will have saved for summer quarter such as scholarships, savings, any surplus financial aid saved from the current academic year, plus any funds your family may be providing. |
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This option is not a guarantee of funds! To be considered for this loan, your parent must be willing to take the loan (they are the borrower) and must pass a Department of Education credit check. |
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This option is not a guarantee of funds! This is a loan through a private lender (a bank). You must apply for the loan and pass a credit check performed by the lender. |
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Next Steps
- You may print your estimator results
- Submit the Summer Loan Request Form once your aid offer is ready if you have remaining Direct Loan eligibility.
- Parent borrowers may submit an application for the academic year or a PLUS Loan Revision form if they already have an application on file for the current aid year.
- Dependent students whose parents are unable to borrow through the Federal Direct PLUS Loan program may be eligible for a once per year increase in their Federal Unsubsidized Loan amount. Contact the Financial Aid Department for details.
- The Education Abroad Office and website are a great resource to discuss affiliate program scholarships available to WWU students participating in specific study abroad programs and other creative funding ideas.
Important Information
- Fundable Enrollment: Students nearing the end of their program and/or who have applied to graduate are strongly urged to review the Information for Graduating Students page to review eligibility for fundable enrollment including funding of a summer study abroad program.
- Annual and Lifetime Federal Loan Limits: Students are limited to an annual federal student loan limit as well as lifetime limits for Federal Direct Loans. You may review the annual and lifetime limits on our website. If you think you may have borrowed the annual or lifetime limit you may contact the Financial Aid Department for more information. You may also review your borrowing history by logging onto studentaid.gov with your FSA ID. Once you log in, you will see "My Aid" on your Account Dashboard. Select "View Details" to view your loan information.
- Concurrent Enrollment in Additional Summer Coursework: If you will be enrolling for credits during the summer quarter that are in addition to your study abroad enrollment, you will incur additional expenses for the tuition and fees associated with those additional credits as well as for living expenses associated with the portion of summer quarter that you are not traveling for your program. The costs of additional, unrelated domestic enrollment may be added to your study abroad budget. Contact Financial Aid if you will be enrolling in additional unrelated coursework.