Archive for January/2011

25
Jan

IE was recently featured in an article along with other top schools such as ESMT, University of Melbourne and INSEAD regarding supporting diversity and the availability of scholarships.

See the article here, and then check out the Financial Aid web site for the various options available to candidates who have obtained admissions and that bring diversity to the classroom at IE.  This blog also contains additional information about the various Financial Aid options for admitted IE degree candidates, so do take some time to check out the content here as well.

More information on City A.M. at http://www.cityam.com/.

24
Jan

Becas-Estudio.es es un portal de becas, ayudas y concursos en el cual, cualquier asociación que publique becas pueda dar más difusión a sus ayudas a los estudiantes de cualquier nivel de estudios, desde la Educación Secundaria Obligatoria, pasando por Estudios Universitarios hasta Masters y PhD’s.  Quizá merece investigar, por lo cual ponemos la referencia aquí. 

Siempre es importante de verificar las opciones directamente disponibles desde la institución también.  En el caso del IE, todas las becas están disponibles en www.ie.edu/financialaid.

17
Jan

IE Financial Aid como referencia en Educamericas.

Written on January 17, 2011 by Joël McConnell in Global News on Financial Aid

Educamerias es el medio de la empresa Business News America (BNamerica) que proporciona información sobre todo que tiene que ver con lo de cursar un programa máster.  Recientamente, conjunto a un experto del Banco Santander, hemos proporcionado unos consejos útiles para los alumnos que están pensando en financiar una parte de su máster con un crédito educativo.

Ver el articulo online aquí.

11
Jan

Ayudas para cursar un máster para un antiguo alumno / awards for alumni who wish to study an additional Master program at IE.

1) Antiguos Alumnos de Programas de Alta Dirección y Programas Superiores. Miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 20% de la matrícula de un programa master. No-miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 10% de la matrícula de un programa master.

2) Antiguos Alumnos de Programas Máster. Miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 25% de la matrícula de un programa master. No-miembro de la Asociación de Antiguos Alumno de IE: Ayuda de 15% de la matrícula de un programa master.

3) Alumni of Top Management program. Member of IE Alumni Association: Award of 20% of tuition fees of a master program. Non-Member of the IE Alumni Association: Award of 10% of tuition fees of a master program.

4) Alumni of Master program: Member of IE Alumni Association: Award of 25% of tuition fees of a master program. Non-Member of the IE Alumni Association: Award of 15% of tuition fees of a master program.

 

Ayudas para cursar el DBA / awards for alumni who wish to study the DBA program at IE.

1) Antiguos Alumnos de Programas de Alta Dirección. Miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 20% de la matrícula. No-miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 10% de la matrícula.

2) Antiguos Alumnos de Programas Máster. Miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 25% de la matrícula. No-miembro de la Asociación de Antiguos Alumnos de IE: Ayuda de 15% de la matrícula

3) Alumni of Top Management program. Member of IE Alumni Association: Award of 20% of tuition fees of a master program. Non-Member of the IE Alumni Association: Award of 10% of tuition fees of a master program.

4) Alumni of Master program: Member of IE Alumni Association: Award of 25% of tuition fees of a master program. Non-Member of the IE Alumni Association: Award of 15% of tuition fees of a master program.

 

Haber superado el proceso de admisiones para el programa adicional es necesario para acceder a esta ayuda / All alumni must apply for and obtain admissions to their program of interest to qualify for the award.

11
Jan

Information for US Students: Sallie Mae and Place Reservations.

Written on January 11, 2011 by Joël McConnell in Uncategorized

Just a quick clarification for our students coming from the US and who plan to fund their program partially or entirely with a Sallie Mae Smart Option Student Loan: Sallie Mae loans cannot be used to pay Place Reservation and/or IE Foundation fees.  Below is more information on this policy and our recommended alternative course of action.

Why can’t I pay my Place Reservation and IE Foundation contribution with my Sallie Mae loan?

IE has a strict policy of not returning Place Reservation or IE Foundation fees if a student ends up not joining the intake for which they have committed to.  This policy is based in the fact that when a student makes their place reservation and IE Foundation payments, IE issues legal documentation which is valid for student visa processing purposes.  Also, when a student commits to a given intake, necessarily the spot cannot be given to another deserving candidate and it’s not fair to other candidates if a confirmed candidate pulls out of the program.

While we have the Place Reservation and IE Foundation policy clearly in place, we also must abide by regulations and laws applicable to a partnerships, such as the one we have with Sallie Mae.  Since our agreement with Sallie Mae is such that we return funds to the financial institution if the student does not attend the program, Sallie Mae loans cannot be used to pay Place Reservation and IE Foudnation fees given our policy of not refunding these payments, for the reasons stated above.

What should I do then, with regards to guaranteeing my place in my chosen intake?

What our students do is usually to use personal savings, company support or some other financial backing to bridge the short term financial need.  So for example, a student may borrow the amount equal to the Place Reservation and IE Foundaiton fee from their personal savings or line of credit, a family member or even their company, and then later once they’ve begun their program and the Sallie Mae funds have arrived to IE, any funds over and above those required to pay their tuition fees in full is sent directly to the student to manage as they see fit.  The excess funds can be used to repay the savings account or other source of funds used to pay the Place Reservation and IE Foundation fee.  Again, keep in mind, the Place Reservation and IE Foundation fee is non-refundable.

Final point worth keeping in mind: single disbursements, tuition fees must be paid in full first.

IE’s master programs generally follow the 1-year model most common in the EU, and as students generally take out a Sallie Mae loan for both tuition and living expenses, IE has a strict policy of receiving the funds in 1 single disbursement.  Why?  Simply, this way you take care of your tuition pending up front, and then we can send you the balance of funds to meet your living expenses and other needs.  We do not release any funds to students until they’ve paid their tuition fees in full.  One of our roles as a Sallie Mae partner institution is to ensure students are being financially responsible, and this policy ensures students don’t inadvertantly find themselves in a difficult financial situation that could result in the student having to withdraw from the program before they obtain their degree.

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