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New Mexico State University

Financial Aid
  May I use my financial aid for study abroad?
Yes. NMSU is permitted to release federal, state, and all other aid (scholarships, grants, and loans) for payment towards a study abroad program for eligible students who have filled out the FAFSA. The program must be approved for credit applied to a major, minor, general education, and elective credits that fulfill requirements for a degree. Students need to enroll full time to receive their full financial aid on study abroad. Aid can cover transportation, tuition and fees, living costs, passport and visa, and health insurance costs. Aid packages for any given academic year cover the period Fall through the next Summer. For more information on eligibility of financial aid for study abroad, contact the Financial Aid Advisor for study abroad programs: Educational Services Center, Suite F, 505-646-6119.
  May expected Financial Aid for an upcoming study abroad program be used to pay previous semester balances due NMSU?
No. All previous charges made to a student's account with the Office of University Accounts Receivables must be paid in full each semester. Financial Aid expected for the upcoming semester cannot be used to pay off previous semester balances in order to complete enrollment. THE STUDY ABROAD OFFICE CANNOT ENROLL STUDENTS IN A STUDY ABROAD COURSE IF THE STUDENT HAS A PAST BALANCE ON ACCOUNT.
  Will financial aid be released before I leave for my program abroad?
Not Necessarily. Students should be able to pick up Financial Aid checks starting a few days prior to the beginning of each semester, but this is not guaranteed. Also, some programs, especially in the Southern Hemisphere such as Brazil or Australia, start their semesters prior to NMSU's start date. When aid is approved for disbursal, University Accounts Receivables should pay off everything owed to NMSU for the current semester first. Afterward, the check made out to the student is mailed to the address on file with NMSU (either the billing address, the mailing address, or the permanent address listed on the student's Banners account). ALWAYS CHECK WITH FINANCIAL AID AND ACCOUNTS RECEIVABLES TO DETERMINE WHEN AND HOW FINANCIAL AID WILL BE DISBURSED. ALSO MAKE SURE BEFORE YOU LEAVE CAMPUS THAT ALL FINANCIAL AID ACCEPTANCE PAPERS AND PROMISSORY NOTES HAVE BEEN COMPLETED, SIGNED, AND TURNED INTO THE OFFICE OF FINANCIAL AID.
If I enrolled in a study abroad program sponsored by another U.S. university (such as Texas Tech), do I process my financial aid through NMSU or the other university?
Always NMSU. NMSU has cooperative study abroad programs with Texas Tech University, Midwestern State University, the University of Kansas, the University of Arizona, and other universities, but NMSU students are attending these programs as NMSU students and are enrolled at NMSU. Therefore, students process their financial aid with NMSU, not the host U.S. university.
  May students use their financial aid for programs for which NMSU tuition is not charged?
Yes, as long as the student has been approved to attend a study abroad program with an affiliation agreement on file, or the student has completed and returned the NMSU Visiting Student Consortium Agreement (the host institution will verify to NMSU that they are not providing you financial aid assistance).

 

Last Updated: Wednesday, 16-Jan-2008 12:13:33 MST