Financial Aid and Non-IU Programs

  • Students who receive any federal aid or loan money

    Students who wish to continue receiving federal loans or grants, or private loans that are normally disbursed to IU while on a Non-IU study abroad program MUST enroll in a special placeholder course (OVST-Y 496).

    Eligibility for OVST-Y 496
    • To qualify for OVST-Y 496: Study Abroad/Non-IU Program, students MUST be enrolled full-time overseas and have endorsements from their department and the Office of Overseas Study based solely on academic need.
    • The credits MUST satisfy a student's degree requirements (major, minor, distributional, required electives, etc.). A program of elective credits abroad, above and beyond the minimum credits required for a degree program, does not qualify a student for enrollment in Y496.
    • Students must have a cumulative GPA of no less than 2.0 and not be on academic probation.
    • The Y496 process must be initiated before your program abroad begins.
    • Credit from your program must be transferred within six months of the termination of the program otherwise all financial aid will need to be repaid and/or future financial aid will be cancelled. The transferred credit must show that you were enrolled full-time while abroad.
  • Students who only receive scholarships disbursed through IU

    Students who do not receive federal aid but receive private or IU departmental or institutional scholarships or grants can continue to receive these if: 1) the terms of the particular scholarships/grants permit it; 2) they qualify to be enrolled in OVST-Y 498; 3) they complete the notification of acceptance with Overseas Study.

    Kelley School of Business undergraduate scholarship recipients should contact the Kelley School of Business Manager of Undergraduate Scholarships to determine their eligibility for funding while on a non-IU overseas study program.

    Eligibility for OVST-Y 498
    • To qualify for OVST-Y 498: Study Abroad/Non-IU Program, students must be registered in a credit-bearing program that has been approved by Indiana University.
    • Students must meet the enrollment expectations of their scholarship or grant provider.
    • Students must have a cumulative GPA of at least 2.0.
    • Credit from the program must be transferred within six months of the termination of the program otherwise all financial aid will need to be repaid and/or future financial aid will be cancelled.
    • The credits must satisfy a student's degree requirements (major, minor, distributional, required electives, etc.). A program of elective credits abroad, above and beyond the minimum credits required for a degree program, does not qualify a student for enrollment in Y498.
  • Students who are completely self-funding

    Students who are completely self-funding will be enrolled in OVST-Y 499. This allows students to: verify their full-time participation on an approved study abroad program; maintain active computer accounts at IU without interruption; demonstrate to IU that they are still a degree candidate; receive automatic appointment for course registration for their return semester; and keep advisors up-to-date.

    Eligibility for OVST-Y 499
    • To qualify for OVST-Y 499: Study Abroad/Non-IU Program, students must be registered in a credit-bearing program that has been approved by Indiana University.
    • The credits must satisfy a student's degree requirements (major, minor, distributional, required electives, etc.). A program of elective credits abroad, above and beyond the minimum credits required for a degree program, does not qualify a student for enrollment in Y499.