Government Aid
Private Aid
FA Payments
Government Aid
Does CEA offer Financial Aid?
CEA offers a limited number of $500-$1000 scholarships through the CEA Study Abroad
Scholarship Program. We do not offer loans or grants. Your Federal or Government Aid
must be processed through your Home Institution. Back to
Top
How do I find out if my Home Institution will let me
use my
Financial Aid to study abroad with CEA?
Some schools may have specific rules with regards to 3rd party Study
Abroad
providers. You will need to speak to the Study Abroad Office and/or the
Financial Aid Office at your Home Institution for help in determining if
your
FA can be used. Back to
Top
I have already completed my FAFSA for this year. Now
that
I have decided to go abroad, do I need to complete a new one?
No. Only one FAFSA per Financial Aid year is needed.
Back to Top
Does CEA have a Title IV Code that I can use on the
FAFSA?
No. CEA has no Title IV code; therefore we cannot be one of the
institutions
included on your FAFSA form. Since we are not a Title IV Institution all
Federal or Government Aid must be processed through your Home Institution.
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Can I use the Overseas Institution's Title IV
Code?
No. You will not be directly enrolled at the Overseas Institution, but will
be
enrolled through CEA. The Overseas Institution will not process Financial
Aid
for 3rd party study abroad students. Your Federal or Government Aid must
be
processed through your Home Institution.
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Can I get more Financial Aid awarded to me since my
Study Abroad program costs more than my Home Institution?
Yes. You may be able to receive more funds now that you are enrolled with
CEA to
study abroad. Federal law states that financial aid can cover all
"reasonable"
costs for a study abroad program. CEA will provide you with a Sample
Budget for
your Study Abroad program which will include estimated costs for such
things as
airfare, books & materials, additional meals, immigration costs, etc. Take
this
Sample Budget to your Home Institution's Financial Aid Office to determine
if
any adjustments to your current Financial Aid Award can be made.
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What is a Consortium?
A Consortium is an agreement that is signed between your Home Institution
and
CEA. It legally protects the Home Institution with regard to Federal law
governing Financial Aid. Not all schools will require this agreement to be
signed, and some schools may have a separate Contractual Agreement for
non-Title IV institutions. Check with your Study Abroad Office or your
Financial Aid Office to determine if this agreement is required by your
Home
Institution. They will be able to provide you with the form. You will need
to
fill out the student portion then fax or mail the form in to CEA. We will
complete the form and return it to your Home Institution for processing.
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My Final Payment Due Date is coming up and my Home Institution
has not yet awarded my Financial Aid. What do I do?
It may be possible for your Financial Aid Office to estimate your award, especially if
you have received Financial Aid in the past. If this is possible, have them complete
the Financial Aid Disbursement Form with the estimated amounts and return it CEA
before your Final Payment Due Date. When your award is finalized they will need to
complete another Financial Aid Disbursement Form with the actual amount of your award.
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Private Aid
What are my other options if my Home Institution won't
transfer my Financial Aid?
You may still be able to get Private Loans processed through your Home Institution, speak to your Study Abroad Office and/or your Financial Aid Office for more information. You may also apply for an ISLP Loan.
Back to Top
What if I am taking a leave of absence from my Home Institution to
study abroad?
If you will be taking a leave of absence from your Home Institution, but they will still be accepting your academic credits from your time abroad then you will be able to apply for an ISLP loan to pay for your program with CEA. If you will not be receiving academic credit for your time abroad then you will need to pay for the program out of pocket.
Back to Top
Can I use my 529 Plan to pay my CEA program?
529 Plans are State Sponsored College Saving Accounts based on stock
portfolios.
The rules surrounding their use and the withdrawal of funds vary from
state to
state. You will need to check on your individual plan requirements
regarding
what the funds can be used for. It is generally the case that the funds
can
only be used at accredited degree-granting institutions, or Title IV
institutions. This means that if a student is not registered at their Home
Institution and/or that Institution will not work with CEA on Financial
Aid,
then a student cannot use their 529 Plan to pay for their Study Abroad
experience. However, the parent/529 contributor can withdraw funds from
the 529
Plan at any time, for any reason, but certain tax penalties apply.
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FA Payments
What Financial Aid forms do I need to turn in to CEA and
when?
If you are receiving Financial Aid of any kind then you must turn in the
Financial Aid Disbursement Form and the Student Financial Aid Agreement to
CEA
no later than your Final Payment Due Date.
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What does it mean that my Home Institution is a Direct
Bill School?
If your Home Institution has a Direct Bill Agreement on file with CEA then
you
may not be responsible for paying CEA the cost of your program. If your
school
is Direct Bill then they are billed for your program cost and they will
invoice
you. You will have to pay the cost of your CEA Study Abroad Program to
your
Home Institution and they will forward the funds to us. In some cases the
school will require the student to pay certain things, such as the
Confirmation
Deposit. Your Enrollment Advisor will be able to help you determine
whether
your school is Direct Bill and what you are required to pay anything
directly
to CEA. Back to
Top
How do I get my Financial Aid funds to CEA if they
are sent to me after I am abroad?
There are several options that you may wish to consider as alternatives if
your
money is not disbursed to you before you leave for your Study Abroad
experience. Your first option is to speak to the FA Office or Bursar's
Office
at your University about getting the check made out to CEA or your parents
and
sent to CEA or your parents. Your second option is to speak with your bank
and
make sure that someone will be able to deposit the loan check into your
bank
account in your absence then you can leave a post-dated check for the
amount of
the payment for someone to send in for you. Your third option is a
Temporary
Power of Attorney. This form can usually be obtained from your Study
Abroad
Office and must be notarized. It grants someone (usually a parent) the
right to
sign your loan check and deposit it in your bank account then write CEA a
check
for payment. Back to Top
