Loyola exchanges allow students to maintain their Loyola student status while abroad. Students pay tuition to Loyola, but pay room and board to the host university. All scholarships and financial aid (except work-study) transfer. For every student that goes abroad, an international student comes to Loyola. Exchange programs may be language based and those that are not have a language requirement. All grades and credits received in exchanges will appear on the Loyola transcript. Exchange program applications are due Dec. 1st for the fall and spring semester.