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.

Summer Study Abroad Financial Aid Estimator

This figure is provided to you on the Faculty-Led Study Abroad Travel Program Worksheet.

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.

Annual Loan Limits
Current Class Standing Annual Loan Limit for Dependent Students Annual Loan Limit Independent Students
Freshman $5,500 $9,500
Sophomore $6,500 $10,500
Junior & Senior $7,500 $12,500
Graduate N/A $20,500

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.

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.

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.

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.


Notes & Warnings

  • Maximum Attempted Credits (MAC): Seniors are strongly urged to visit the Financial Aid Department to determine if they have sufficient Maximum Attempted Credits (MAC) remaining to allow for the funding of your summer study abroad program.
  • Aggregate Loan Limit: The aggregate lifetime borrowing limit for dependent students is $31,000 in Direct Loan ($57,500 for independent students). You are encouraged to contact the Financial Aid Department if you think you might be close to the aggregate lifetime loan limit. You can determine who your loan servicer is by logging onto 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 including repayment options and consolidation information on the right hand side of the page, as well as your loan servicer and current loan status, which can be found by scrolling down to the "Loan Breakdown.".
  • 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.
  • Be sure to print and save this worksheet for your records or if you will be contacting our office with questions.

Next Steps

  • Remember to print your estimator results
  • Apply for summer financial aid if you have remaining Direct Loan eligibility or if your parent plans to apply for the parent PLUS loan.
  • Dependent students whose parents were denied the parent PLUS loan due to failing the credit check may be eligible for a once per year increase in their Federal Unsubsidized Direct Loan. Contact the Financial Aid Department for details.
  • Contact International Programs and Exchanges if you have questions about your estimated cost of attendance, or the Financial Aid Department if you have eligibility questions (please have your estimator printout on hand).
  • There are multiple affiliate program scholarships available to WWU students participating in specific study abroad programs, as well as an extensive list of other scholarships to consider. You can also check out some creative funding ideas which other students have used to raise additional funds for their trip.