You’ve gained admissions to an IE undergraduate or master program, congratulations! But something has now come up and you’re debating whether or not to transfer to a forward intake. If you’ve applied for Financial Aid and been awarded a scholarship, fellowship or loan, please keep the following in mind:
1) Financial Aid awards and loans are not transferrable between intakes. If you change intakes, all awards and/or loans are cancelled, and the student must beging the entire application process again. This policy is clearly indicated in all scholarship resolutions sent to students.
2) The reason this policy is strictly maintained is that scholarship and fellowship budgets are set per program, academic year and intake, and our objective is to maximize the benefit of a limited resource. If you cannot come to the intake you applied for, we reassign the assistance you were awarded to another needing and deserving student. If you decide to come to a future intake, your new application(s) will be considered in the future, and taking into account the new pool of applicants.
3) Loans are cancelled because you must be a registered student of IE and a resident in Spain (at the point of signing) to accept the financing offer. Should you decide to change intakes, we are obligated to cancel your approved loan and you must complete the application process from the start, at a future date.
Please keep the above in mind when you are both applying for Financial Aid, and when considering changing to a forward intake. Working through the Financial Aid process takes a lot of time and requires a lot of effort from all parties involved. If you were awarded aid, it would be a shame to lose it.