Financial Aid for Studying Abroad?

Applying to College
1

<p><em>I posted this in another forum, but I didn't get any answers</em></p>

<p>Hey guys! I'm an American planning on going to college in Europe. I've figured out a plan that is very affordable, but I need some financial aid.</p>

<p>How can I get financial aid for studying abroad? More on that...</p>

<p>---Side Note---</p>

<p>I plan on applying directly to a European university instead of studying abroad through an American university. Most students abroad go through an American study abroad program, but I won't.</p>

<p>The main butt of my costs will be in living expenses (visa, housing, food, and etc.).</p>

<p>---Side Note---</p>

<p>Being that I am an American studying in a foreign country, will I be able to obtain financial aid? Preferably through an American loan company (ahem... loan shark... lol).</p>

<p>I know that there are study abroad loan companies, but will they be willing to loan me money being that I will not go through an American study abroad program?</p>

2

<p>Oops! I meant to say student loans for studying abroad. Oh well… It’s under the same umbrella.</p>

3

<p>You cannot use federal aid to study abroad (except through an American university). So you will be footing the bill yourself. Private, non federal loans may be available but I would think they would want an American co-signer with assets they can easily attach should you simply decide to never come home…</p>

4

<p>Take a look at the Gilman Scholarship. It’s a grant provided to those who are Pell Grant eligible. However, I remember reading on its Web site that those who apply to areas outside of western Europe, Australia, and the like have a better chance of acceptance than those who seek developed countries.</p>