Eligible students may apply their standard financial aid awards toward approved study abroad programs. Processing of your financial aid will vary depending on the sponsor of your study abroad program. Please note that the Office of Student Financial Aid cannot offer additional grant or scholarship funds for study abroad. To review the financial aid process for year-long, semester, and short-term programs please visit the Study Abroad Information Page.
It may be possible to take courses at an institution outside of UMD and receive financial aid for those courses through the University's Permission to Enroll (PTE) Program. Please be advised that your combined enrollment must equal at least six credits (undergraduate) or 24 graduate units (graduate) and your academic advisor must pre-approve the course(s) you plan to take at the host institution in order to qualify for financial aid. For more information on the PTE process and required documents please visit the Permission to Enroll Information page.
We must reevaluate your eligibility for aid if you will attend UM for only one semester of an academic year due to graduation, deferral of enrollment, co-op employment, or other reasons. Please notify us as soon as possible so we can promptly notify you of any adjustments.
To receive any financial aid or have your student loans deferred during a co-op semester, you must also enroll for at least 6 non-co-op credits in addition to any co-op credits. This applies to all UM students regardless of major or co-op program. Co-op credits do not count toward required enrollment for financial aid purposes.
Students who have borrowed Federal Direct Loans are eligible to defer their loan payments as long as they maintain at least half-time enrollment. Because co-op credits do not count toward these enrollment requirements, if you have borrowed Direct Loans and you co-op for a semester without taking at least 6 credits of other classes, your lender will expect you to start repaying your loans 6 months after your last date of at least half-time enrollment. If you enroll for at least 6 credits the following semester, you can stop making loan payments and put your loans back into deferment status at that time.
For example: Students who co-op for fall without taking other classes would have to start repaying their Direct Loans in December (6 months after the end of spring classes in May). If these same students enrolled at least half-time for the following Spring, they could stop making loan payments and put their loans back into deferment status in January/February. Contact your lender or loan servicer for information on how much your payments would be and how many payments you would have to make before re-deferring your loans.
If you would like to enroll at another institution during the co-op semester, please read the Permission to Enroll at Another Institution section.