Title IV federal financial aid may be used by eligible NSE students enrolled at U.S. member colleges and universities. Federal aid is awarded by and disbursed by the home campus. Since federal aid is based on a real campus budget, the amount of your award for the period of exchange may vary from that received while attending your home university.
File your Free Application for Federal Student Aid (FAFSA) by stated campus deadlines or January 1. Failure to do so may result in loss of financial aid or a diminished aid package.
While on exchange, you must be enrolled full-time at your host campus. Make sure you understand how your enrollment (number of credit hours, etc) will affect your financial aid award. If you drop to less than full-time or withdraw from any or all of your classes you may be required to repay all or a portion of your financial aid.
For eligible students exchanging under Host Payment, federal financial aid is awarded by and disbursed from your home campus. Federal aid programs, designated under the Financial Aid tab of the Campus Profiles, are available to eligible NSE students as long as funds are available in each program. There is no guarantee that aid will be offered in each of the programs listed.
FAFSA: On your FAFSA form, list the FAFSA code for your home campus.
For eligible students exchanging under Home Payment, federal financial aid is awarded by, and disbursed from the home campus. College Work Study will not be available while on exchange.
FAFSA: If exchanging under Home Payment, list only the FAFSA code for your home campus. Do not list the FAFSA code for your exchange site(s). This could result in an over-award and financial aid errors.
Exchange to Canada
Individuals planning to exchange to Canada, regardless of whether on Host or Home Payment, file for federally-funded financial aid only at your home campus. List only the code for your home campus on your FAFSA form.
Other Aid Sources
If you are receiving VA Benefits, private, state-based, or institutional-based grants, scholarships, or fee remission for tuition, housing, and/or meals, check with your NSE coordinator and/or home campus financial aid office to determine use of such aid for exchange under Host Payment or Home Payment. Some forms of aid may be portable on exchange while others may not.
Financial Aid for Canadian Students
Canadian students, regardless of whether exchanging under Host or Home Payment, apply for financial assistance through their home institution as well as federal and provincial governments. Consult your campus coordinator for additional information and requirements. Failure to apply for financial aid by stated deadlines may result in loss of aid. If you are receiving private or institutional scholarships or fee remission for tuition, housing, and/or meals, check with your NSE coordinator and home campus financial aid officer to determine use of such aid for exchange under Host or Home Payment. Some forms of aid may be portable to on exchange while others may not. Also note that host NSE campuses do not award institutionally-based scholarships, grants or fee remissions to incoming exchange students.