Study Abroad - New Paltz
1 REVIEW YOUR COSTS
- Review your budget (cost) sheet for the program found on the New Paltz Study Abroad website.
- Review your financial aid on my.newpaltz.edu. Your aid will apply towards the BILLED expenses listed on your budget sheet (if your aid isn't awarded for the upcoming year yet, then you can look at last year's package as a reference).
- Any excess aid would get refunded to you to help pay for the non-billed expenses listed on your budget sheet (airfare, travel money, etc).
2 ISSUE OF REFUNDS
- Refunds are issued by the Office of Student Accounts starting the 2nd week of the semester. You may already be abroad at that time, so plan accordingly to have travel money in hand for departure.
- Student aid refunds can be direct deposited or sent to your permanent address. Parent loan refunds get issued to your parents.
3 FINANCIAL AID AMOUNTS
»FEDERAL LOANS
- Most students are initially packaged with the yearly maximum federal student loans. See the chart below.
- If you are NOT packaged with maximum loans for the year and you require additional funds –you may submit the Study Abroad Budget Revision Request Form to our office. We will then review your program costs to determine if you are eligible for more loan aid. We will make any necessary adjustments to your budget and will then notify you via email if you are eligible for more loan funds. Your parent may also be eligible to increase their Parent PLUS loan as well.
| Class Standing |
Base Amount of Sub/Unsub |
Additional Unsub |
Total |
|
FRESHMAN -dependent |
$3500 | $2000 | $5500 |
|
FRESHMAN -independent |
$3500 | $6000 | $9500 |
|
SOPHOMORE -dependent |
$4500 | $2000 | $6500 |
|
SOPHOMORE -independent |
$4500 | $6000 | $10500 |
|
JUNIOR -dependent |
$5500 | $2000 | $7500 |
|
JUNIOR -independent |
$5500 | $7000 | $12500 |
|
SENIOR -dependent |
$5500 | $2000 | $7500 |
|
SENIOR -independent |
$5500 | $7000 | $12500 |
»GRANTS
- Federal and state grants do not increase when studying abroad.
»SCHOLARSHIPS
- View our institutional scholarships.
»PRIVATE LOANS
- Private or alternative student loans can be an option for students who still desire additional aid after exhausting their federal loan eligibility. Many private loans have variable rates and usually require a co-signer. You can research private loans online and apply with the lender of your choice. Visit our Private Loan page to learn more about the private loan certification process.
