- New Students
- Paying Your Bill
- Health Insurance
- Financial Aid Eligibility
- Financial Aid Verification
- Alternative Loans
- Borrowing Resources
- Payment Plans
- Scholarships and Grants
- Methods of Payment
- Study Abroad
- Refund Information
- Financial Aid Code of Conduct
- Identity Theft Prevention Tips
- Special Circumstances/Appeals
This page contains important information about Financial Aid eligibility for students enrolled in a Co-op semester. Students on a Co-op do not qualify for the all the same types of aid as a student enrolled during an academic semester. While a student is considered a full-time student during their Co-op semester, there are some types of aid for which you will be ineligible. Below are the types of financial aid students are eligible for during the co-op semester.
Students on Co-op qualify for private education loans. For more information, see our Alternative Loans page.
Unless a student has already utilized their annual limit of federal loans for the year, they can receive federal loans while on Co-op. However, they are not generally packaged. If you are interested in having or need your federal loans to be disbursed during a co-op semester, please contact your financial aid counselor.
Here are the annual borrowing limits for Stafford Loans.
1st Year - $5500
2nd Year - $6500
3rd Year and beyond - $7500
1st year - $9500
2nd Year - $10,500
3rd year and beyond - $12,500
- The Federal Parent Plus loan may be used during a co-op semester, if the parent qualifies.
- If the student qualifies based on their FAFSA, they will be eligible for the Perkins Loan during a co-op semester.