We’ve been getting a lot of questions lately about payment schedules, payment processing and financial assistance and so Financial Aid wanted to clarify which departments are responsible for which aspects of your tuition payment responsibilities at IE. This information is useful for admitted candidates to an IE master degree program.
Admissions Department: Payment Schedule and Admissions Contract.
The Admissions Department at IE is responsible not only for selecting the best candidates and offering them admissions to an IE degree program, they are also responsible for formalizing the enrollment process via the Admissions Contract. As the payment schedule is a component of the Admissions Contract, setting your payment schedule is something you need to discuss with the Admissions Department. Financial Aid does not handle tuition payment scheduling.
Financial Aid Department: Processing Applications for Financial Assistance and Awarding Assistance to Degree Candidates.
Financial Aid receives applications for scholarships, fellowships and student loans, and decides which admitted candidates receive assistance from IE directly. Financial Aid also manages all national and international agreements with program co-sponsors. Financial Aid does not handle payment schedules and/or payment processing issues.
Administration Department: Payment Processing Issues.
Once a student has been admitted to their program, have had their financial assistance request processed and signed their admissions contract, any subsequent payment issue needs to be handled by the Administration Department. Students who are going to have a delay in the sending of payment are highly recommended to proactively contact the Administration Department. Late payments are subject to penalty. Financial Aid does not handle payment processing issues of any kind, including the Place Reservation payment of 5.000€ and the IE Foundation Contribution of 1.200€.