Study Abroad: Frequently Asked Questions
Where can I check on the status of my financial aid application?
Visit RAMweb and select Financial Aid Awards. You can review where you are in the financial aid process, view your current award notice, accept/decline your loan(s), and complete other processing requirements.
Can I receive enough financial aid to cover the entire cost of my Study Abroad program?
Programs vary in cost. Your estimated educational expenses will be adjusted. Workstudy during your Study Abroad duration will be canceled. Federal Direct Loans will be increased, if applicable, to the maximum for your class level and remaining eligibility. Often, we cannot offer enough financial aid (including loans) to cover the cost of your program adequately. Realistically determine how you will afford expenses not covered by financial aid and explore alternative programs or locations with a study abroad advisor. Some expenses, such as vacation travel, cannot be included in your estimated educational expenses.
If I participate in a Study Abroad program, will I be able to receive enough financial aid to complete my degree upon my return to Colorado State University?
There are limits on the total amount a student can borrow. Listed below are aggregate loan limits for the Federal Direct Loan Program. Keep these amounts in mind when deciding how much to borrow for your Study Abroad program.
- $23,000 Subsidized and Unsubsidized combined for dependentundergraduates
- $46,000 Subsidized and Unsubsidized combined for independent undergraduate with no more than $23,000 Subsidized
Will I need to make any loan payments while I am abroad?
If you have a Federal Direct Unsubsidized Loan, interest starts accruing as soon as the first disbursement is made. You may choose to capitalize the interest with the principal and begin making payments six months after you are no longer enrolled half-time, or you may make interest-only or principal and interest payments. The Direct Loan Servicer will contact you regarding repayment if you borrow an unsubsidized loan.