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Financial AidThe US Department of Education allows for the following financial aid to be used for study abroad:
It is important that you understand that if you normally qualify for US financial aid and loans while at your home school, then you have a very good chance of continuing with this aid while studying abroad for a semester or a year. The US Department of Education has been encouraging US schools to send their students abroad for a study abroad experience provided the student undertakes the study abroad program at an accredited university abroad and conforms to subject selection based on home school requirements. Despite these measures, you should be aware that there are sometimes obstacles to the release of financial aid. It is therefore, important that you discuss this with your home school Financial Aid Adviser and find out how you can continue your aid while undertaking an AEC semester or year abroad program. Contact the AEC if you encounter any difficulties. When disbursing financial aid to a program such as the AEC, home schools often request that a "consortia" or a partnership agreement is signed which states that the student is undertaking a program at an accredited university and provides a total breakdown of the fees to be charged to the student. The AEC is often signs such agreements and if your financial aid adviser requests such an agreement, please ask your adviser to contact the AEC on enquiries@mystudyaustralia.com You should also investigate the many private, semi-government and government sources that provide grants and scholarship funds to needy, exceptionally gifted and/or other sectors of the student community. Talk to your advisers also about their own scholarships for study abroad. Other Sites on financial aidStudents, intending to undertake full degrees in Australia, should should check the following web sites related to financial aid
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