Financial Aid & Study Abroad
The Moon International Center estimates costs for personal and travel expenses (e.g., airfare, passport fees, visa fees, personal expenses, additional travel, etc.) based on information from the program provider and other sources. After a student has been accepted to a particular study abroad program, the CUI Financial Aid office will adjust the student's financial aid budget on the basis of the cost sheet for that program. Students must continue to meet all federal regulations to be eligible for financial aid such as Satisfactory Academic Progress (SAP), be enrolled full time by Concordia’s standards (12 units), course work must count towards the degree program, etc.(for more information see the Student General Catalogue). Each semester all financial aid recipients who are accepted to a study abroad program are required to meet with Financial Aid, where they get more information on how study abroad may affect their financial aid.
For students who receive financial aid (e.g., grants and loans), the estimated family & student contribution (EFC) remains the same as it would be on campus, regardless of whether the cost of the overseas program is less or more than the cost of a semester or year on campus.
Example: A student plans to attend a program with a total cost (tuition and living expenses) of $20,000 for a semester. On campus the student's EFC is $10,000 per semester, and the student receives $14,000 in grants and loans per semester. For the semester abroad, the student's EFC of $10,000 remains the same, and the student will receive $10,000 in grants and loans. If the same student goes on a program with a total cost of $26,000 for a semester, the EFC remains the same, the student still receives $14,000 in grants and loans, but the loans may be adjusted between subsidized and unsubsidized.