Archive for October/2010

22
Oct

ICO: Nueva convocatoria al punto de salir…

Written on October 22, 2010 by Joël McConnell in Global News on Financial Aid

La semana pasado salió la noticia oficial que el presupuesto del estado fue presentado al Congreso y parece ser que los créditos del estado, ofrecido a través del Instituto de Crédito Oficial (ICO – www.ico.es), están por salir pronto:

“El programa de becas y ayudas a estudiantes aumenta un 2,6% con respecto al ejercicio anterior, hasta los 1.430 millones. Además, el de Préstamos-renta cuenta con una dotación de 104 millones de euros para financiar estudios de Máster y doctorado…”  (ver la noticia completa aquí – El Mundo)

Tener en cuenta que los fondos de la convocatoria pasada (2009-2010) estan agotadas, pero que hay una nueva convocatoria pendiente de salir.  Es decir habrá otros fondos para el año 2010-2011.

Aunque los alumnos del IE deben aplicar por su cuenta para un crédito Renta Universidad (más información aquí), IE tiene una persona dedicada a ayudar a los alumnos a solicitar y tramitar sus créditos con ICO.  Alumnos del IE pueden contactar directamente con la siguiente persona para apoyo directo:

Marta López Lozano
Gerente Oficinas Universitarias
Banco Santander
Tfno: 91 351 0689
martalopezl@gruposantander.es

Para información sobre quién puede solicitar uno de estos créditos (generalmente Españoles y otros Europeos con residencia fiscal en España), ver aquí en el apartado “Clientes”.

18
Oct

All students who wish to apply for a loan from either of IE’s in house loan partners – Banca March or Caja Madrid – must have their complete application submitted before February 1st, 2011. No late applications will be accepted as the typical processing time for loans, including the document processing with the Spanish tax authorities, takes between 8 and 12 weeks. To learn more about both loan programs and to apply see the following web pages:

1) Banca March – www.ie.edu/bancamarch
2) Caja Madrid – www.ie.edu/cajamadrid

Keep in mind that when students first submit their application, often additional documentation is necessary so apply well before February 1st to ensure Financial Aid will accept your loan application. Also keep in mind that although all applications will be considered, the banks have the final decision on whether or not to offer a loan so it’s important to have a plan B in place.

For support with your loan application, contact us: financialaid@ie.edu

18
Oct

Todos los candidatos que deseen solicitar un préstamo de cualquiera de los dos acuerdos de IE – Banca March o Caja Madrid – deben presentar la solicitud completa antes del 01 de febrero de 2011 a financialaid@ie.edu. No se aceptará ninguna solicitud fuera de plazo, puesto que generalmente el tiempo de tramitación de préstamos, incluyendo la tramitación de documentos con las autoridades fiscales españolas, lleva de 8-12 semanas. Para obtener más información sobre los programas de préstamos y el proceso de solicitud por favor visiten las siguientes páginas web:

1) Banca March – www.ie.edu/bancamarch
2) Caja Madrid – www.ie.edu/cajamadrid

Tengan en cuenta que en la mayoría de los casos, cuando se presenta la solicitud, a menudo es necesaria documentación adicional, por ello que deberán solicitarlo antes del 01 de febrero para asegurar que el Departamento de Ayuda Financiera aceptará su solicitud de préstamo. También tenga en cuenta que aunque aceptamos todas las solicitudes, son los bancos los que tienen la decisión final sobre la aprobación o denegación del préstamo por lo que es importante tener un plan B de financiación en caso de denegación.

Para obtener asistencia con su solicitud de préstamo, por favor contacte con nosotros a financialaid@ie.edu.

15
Oct

El miercoles 13 de octubre se publicó en el Boletin Oficial de la Comunidad de Madrid (BOCM) la orden de la 5ª convocatoria de Lidera. A partir del 14 de octubre las candidatas interesadas tienen 15 días hábiles para presentar la solicitud a la Dirección General de la Mujer, y después deben solicitar la admisión a los programas master de IE Business School en caso de no disponer de admisión todavía. La convocatoria incluye 46 becas para los siguientes programas:

– Executive MBA: 16 becas
– Executive MBA Online: 5 becas
– MBA Part-Time: 10 becas
– Executive Master en Dirección Financiera: 10 becas
– Advanced Management Program (AMP): 5 becas

Para más información, descargar el PDF aquí.

Suerte con vuestras solicitudes!

11
Oct

IE maintains two loan programs, one with Banca March (www.bancamarch.com) and a second with Caja Madrid (www.cajamadrid.es).  Both programs provide an additional option for program financing, for qualifying students.  Neither program is to be considered a “guaranteed loan program”, but instead students (both fiscal residents in Spain and international) with qualifying credit profiles may access partial program funding through either institution.   Do also see the comment at the bottom of this post with regards to “guaranteed” loan programs.

While our Banca March agreement was been functioning normally and without interruption, we’ve seen extended delays in the resolutions provided by Caja Madrid.  The reason we’ve seen delays in the resolutions is that IE and Caja Madrid have been renegotiating the terms of the agreement, and given the complicated financial situation, both institutions had to think about how best to continue to serve IE students while maintaining a sustainable loan program for the funding institution – Caja Madrid.  The situation was aggrevated by the fact that negotiations fell during the month of August and September.

While Financial Aid has been working hard to process applications as quickly as possible, we’ve unfortunately not been able to provide detailed information until today.  Effective immediately, the Caja Madrid loan offer now has the following characteristics:

1) Loan Period: Up to 8 years repayment period.
2) Grace Period for Full Time Students: Up to 18 months.
3) Maximum Loan Value: 45.000€ for Spanish fiscal residents, 30.000€ for non-Spanish fiscal residents/international students.
4) Interest Rate: Euribor + 3,75% (Up to date 12-month Euribor rate information: ENGLISH / SPANISH)
5) Other Fees: 0,30% commission on loan signing, notary fee (based on loan value) and annual account fee.
6) Accident insurance must be purchased by all Caja Madrid loan customers (policy cost based on loan value).

Today we’ve started communicating approved Caja Madrid loans to IE students.  Please keep in mind that one of the concessions we obtained from Caja Madrid was that during the negotiation process they would communicate at a minimum those cases that did not pass the institution’s risk assessment process, so that students who were not approved would at least have the time to make alternate program funding plans.  Caja Madrid could not communicate approved loans until now because that the applicable loan conditions were under negotiation.

While we understand it can be disappointing when a loan is not granted, we do make it clear from the beginning of both the admissions and loan processes that these loan programs are only one of many options the student should consider when building their financial plan, and that funding, if provided by Caja Madrid or Banca March, only ever covers a portion of the tuition fees due.  Aligning the financial resources necessary to fund program tuition and living expenses is ultimately the responsibility of the student.

For additional information on Financial Aid and how to build a solid financial plan, attend one of our many information sessions (see the annual agenda here) held at least monthly, every month from September to July.

Guaranted loan programs aren’t always what they seem so be sure to read the fine print: some institutions are willing to offer a guaranteed loan only when the student purchases expensive payment protection insurance or when the student provides a bank guarantee (that is, the student must lock-in an amount of funds equal to the loan value at a bank until the loan is paid back in full – a costly proposition…)  The best option really is to take out a loan with your local financial institution and in local currency, however we do provide two potenial options if you don’t have a lending institution able to lend you funds.  But again, students must successfully complete the loan application and risk evaluation process before obtaining a loan through Caja Madrid or Banca March.

4
Oct

“IE University y la Fundación Comité Español de los Colegios del Mundo Unido han alcanzado un acuerdo por el cual este centro de estudios superiores becará la carrera universitaria de dos alumnos que hayan estudiado en estos colegios. Estas ayudas permitirán cada año a dos jóvenes -uno español y otro de cualquier otro país del mundo- cursar sus estudios universitarios dentro de la amplia oferta de IE University.”

Ver la nota de prensa entera aquí.

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