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Experience of Varsity better than movie. New members add energy to men's rugby. Web News Guide Related Links Cuts in funding may mean missed opportunities for some Beginning next fall, some students at Drake may have to abandon their chances to study in another country for a semester, because financial aid given to students who study abroad will be cut by about 50 percent. Although federal aid for students is not affected by spending a semester abroad and is transferred in full amount, Drake must come up for scholarship and grant money for study-abroad out of its own financial accounts, said Heather Anderson, adviser in the Office of Student Financial Planning. Some students will not be able to study abroad because of the 50 percent cut in financial aid.