Financial Aid And Study Abroad
Financial aid such as Pell grants, TAP and subsidized loans may be applied to approved study abroad experiences that award credit and that last for at least one semester. Short-term study abroad experiences, as well as non-academic internships, volunteer opportunities, etc., that do not award academic credit may not be eligible for financial aid. For information about your eligibility for these grants and loans, and other important financial aid information, please consult the.
If you do plan to apply for financial aid for study abroad, be sure to complete a Free Application for Federal Student Aid (FAFSA) as early as possible. You can obtain FAFSA packets at the Baruch Office of Financial Aid Services and. If you have never applied for financial aid before, it is best to see an Advisor in the Baruch Financial Aid Office.
Most Baruch students who are eligible for financial aid will be able to use it to help finance their study abroad costs. However, whether and how you will be able to apply your financial aid to study abroad depends on a number of factors:
- The kind of financial aid you receive.
- The type and duration of your study abroad program.
- The course(s) you choose to take while studying abroad.
What types of financial aid are available for Study Abroad?
The three primary sources of financial aid students may potentially use for study abroad are:
- Federal Aid (Pell grant)
- State Aid (Tuition Assistance Program)
- Loans (Federal Direct Loans, Federal PLUS Loan for Parents, Private Educational Loan Programs)
If you qualify for one or more of these forms of financial aid, you should be able to use it/them to help finance your study abroad. However, each type of financial aid has specific requirements that you must meet to be allowed to use the aid for study abroad. You should also contact your home institution’s financial aid office to see if there are special application processes or policies required to receive financial aid for overseas study.
How does the type of study abroad program I attend affect whether and how I may use my financial aid?
The three basic types of study abroad programs are:
- International student exchanges (semester or academic year only)
- Sponsored study abroad programs (short-term or semester/academic year)
- Direct enrollment in a foreign university (short-term or semester/academic year)
For a detailed explanation of these program types see the Study Abroad website.
You should be eligible to apply some kind of financial aid to any type of study abroad program provided that you are enrolled in a program approved by your home institution. To obtain approval to study abroad, you must submit and have approved a Baruch Application to Study Abroad. Please see the Study Abroad website for how to apply.
The table below summarizes the types of aid that students may be allowed to apply to specific study abroad programs:
|Program Types||Duration||Sources of Financial Aid|
|Exchange||Semester/academic year||Pell, TAP, Loans|
|Sponsored study abroad||Short-term (January)||Loans|
|Sponsored study abroad||Short-term (summer)||Pell, TAP, Loans|
|Sponsored study abroad||Semester/academic year||Pell, TAP, Loans|
|Direct enrollment||Short-term (January)||Loans|
|Direct enrollment||Short-term (summer)||Pell, TAP, Loans|
|Direct enrollment||Semester/academic year||Pell, TAP, Loans|
There are always factors that affect your individual case, so you should check both with the Office of Financial Aid and the Study Abroad Office to be certain you understand and meet all your responsibilities and do not miss any deadlines.
How do the courses I choose to take abroad affect my eligibility to use my financial aid?
In order for you to apply any financial aid for study abroad, every course you take abroad must be approved for Baruch credit. This requirement applies to all types of study abroad programs and all durations. Since the Study Abroad Office enforces this policy in any case, there are no requirements beyond those of the Study Abroad Office you need to fulfill in order to comply with this policy.
What do I need to do now?
Once you have been approved to study abroad:
- Complete a Consortium Agreement/Cost of Attendance form and submit it, along with the requested documentation, to the Director of Study Abroad for his signature. This form is available on the Study Abroad website, and the form can be completed and signed digitally. The Director of Study Abroad will notify you when the Consortium Agreement/Cost of Attendance is sent to the Office of Financial Aid.
- Meet with a Financial Aid Administrator in the Office of Financial Aid responsible for processing of aid for study abroad.
A good place to start looking for sources of financial aid is. For more general information about Financial Aid and Study Abroad please consult .
Students who wish to apply their financial aid towards study abroad are required to submit certain forms to the Financial Aid Office regarding the costs of study abroad. One of these is the which you may access online.
Students who receive TAP and wish to apply it to study abroad, however, must fulfill the following special requirements:
TAP Program eligibility
TAP awards may only be applied to certain kinds of study abroad programs. To be “TAP-eligible,” a semester-long program must be one that charges CUNY tuition (i.e., for which you receive a bill for CUNY tuition, even if the tuition is paid for you, for example, if you are a Macaulay, Baruch, Dean’s or Provost Scholar). At Baruch, the only TAP-eligible study abroad programs are:
- Exchange programs sponsored by Baruch College or CUNY-wide exchange programs (for example, the New York-Paris Exchange, or the CUNY Italy Exchange); or
- CUNY-sponsored study abroad programs.
TAP Course eligibility
If you are studying abroad on a “TAP-eligible” program, you become automatically eligible to have your TAP award applied toward the tuition costs of your study abroad program. However, the following criteria must be met:
- You must be enrolled for a minimum of 12 credits.
- You must take at least 12 credits worth of courses that fulfill specific degree requirements (major, minor, Pathways or free electives). Please note: If you enroll in more than 12 credits during the semester abroad, the extra course you take in addition to these 12 credits does NOT have to fulfill a specific degree requirements.
- All students who wish to apply TAP for study abroad will need to meet with the TAP Certifier in the Bursar’s Office and complete a completed StudyAbroad TAP Information Sheet and Acknowledgment Form, which is available from the TAP Certifier or the Study Abroad Office.
Scholarships for Study Abroad
|C.V. Starr Study Abroad Fellowships||Spring: October 15th
Fall: March 31st
|Guidelines for Completing the C.V. Starr Fellowship Application
The C.V. Starr Study Abroad Fellowship Application Supplement
|Chancellor’s Global Scholarship for Study Abroad||Summer & Fall: March 30th
Winter & Spring: October
|Chancellor’s Global Scholarship (CGS) for Study Abroad|
|The Financial Women’s Association International Study Scholarship||Winter & Spring: October 15th
Summer & Fall: March 31st
|Guidelines for Completing the FWA International Study Scholarship Application|
|National and Other Competitive Scholarships||
Ms. Valeria Hymas (), the Post-Graduate and National Fellowships Advisor, can also advise you on choices and help you through the application process.
Other scholarships to consider:
|Other Sources of Study Abroad Funding||In addition to the scholarships above, the following links are some good places to start your search.
Honors Programs at Baruch and Study Abroad Scholarships
Baruch College currently hosts a number of scholarship programs for its undergraduate students. Each honors program at Baruch offers its scholars certain benefits, which may include a tuition waiver, and some Honors programs also offer special grants and/or scholarships.
The tuition waivers and scholarships offered by the various Honors programs at Baruch may be used for study abroad, but only under certain circumstances. If you are a member of an honors program at Baruch, make sure that you speak to your advisor to find out what you must do to be awarded any grant or scholarship your program offers.
The table below summarizes the way in which a tuition waiver may be used for study abroad:
|If you are a:||You are eligible for a tuition waiver for these types of programs:|
|Macaulay Scholar||For study abroad on all types of semester and all short-term CUNY Exchanges and Study Abroad Programs|
|Baruch Scholar||For study abroad on Baruch semester-long exchanges only|
|Deans Scholar||For study abroad on Baruch semester-long exchanges only|
|Provost Scholar||No tuition waiver at this time|
|Zicklin Scholar||No tuition waiver at this time|
PLEASE NOTE: You are responsible for informing the Study Abroad Office of your honors status if you are studying abroad on an eligible program.
For more information about the policies of your program regarding study abroad, and the scholarships you may apply for, please go to the relevant web pages of theand .