If your student is already receiving financial aid, they can likely transfer their financial aid to cover a Panrimo program. While Panrimo offers grants and scholarship, federal financial aid can be transferred only from your student’s home institution. Have your student make an appointment with their financial aid adviser to complete Panrimo’s financial aid form to discern which financial aid will transfer, and how much as well.
Typically, the following types of financial aid generally transfer funds for a Panrimo program:
- Pell Grant
- Stafford Loans
- PLUS Loans
You can find more information about the above by navigating to the Student Loans section.
The following types of financial aid are transferable only according to the home institutions policies:
- Home college grants
- Home college scholarships
- Perkins Loans
- State grants, loans, and 529 plans
In order to ensure that your student’s financial aid will transfer, have the home institution sign a Consortium Agreement with Panrimo. This form states that the home university will accept that courses your student will take as credit, which in turn allows the transfer of financial aid. Course credit and financial aid are intimately connected, and all of Panrimo’s overseas universities are accredited, making credit transfer easy.
While your student meets with their financial aid adviser, have them inquire about the higher cost of living abroad. Some institutions recalculate financial aid based on the cost of an overseas program.
Panrimo’s payment policies apply to financial aid. To view Panrimo’s payment policies, visit the Payment Policies page.