Archive for the ‘Monthly Top 10 | Top 10 Mensuales’ Category

1
Jun

Below are the answers to April’s most pressing and frequently asked questions.

Question 01: Should I send my documents by email or post?

Answer 01: By email scanning all necessary documents, please ensure they are legible.  Sending documentation this way reduces unnessary use of paper, and eliminates shipping costs for the applicant.

Question 02: Can I apply for scholarships that come up when I use the Search Engine without entering my program and country?

Answer 02: You should use the search tool on the Financial Aid web page to make sure you are applying for the right scholarships (if you apply for a scholarship that your program of study doesn’t qualify, you will automatically be denied the application).  If you would like to apply for a featured scholarship (one of the scholarships that is displayed when you first get to the scholarship web page), be sure your program qualifies.

Question 03: How many scholarships and fellowships can I apply for?

Answer 03: You can apply for up to a maximum of 3 scholarships and 1 fellowship (please keep in mind that generally fellowships only are available for full-time programs).

 Question 04: Which category covers Russia and India?

Answer 04: Russia is included in the Europe category, India in the Asia Pacific category.

Question 05: When will I know the decision regarding my financial aid application?

Answer 05: Typically within 2 to 4 weeks, as our Financial Aid processes support our Rolling Admissions process.

Question 06: Can I apply for scholarships and loans at the same time?

Answer 06: Scholarships and IE Fellow applications will only be considered once you have definitive admissions to a program at IE.  You can apply for a loan before actually starting your program, however definitive admissions is a prerequisite for loan awards, and once a loan is awarded, you must sign your loan agreement within 3 months of the approval date.  So, be sure you don’t have to travel to Madrid twice: apply so that you can sign when you arrive to Madrid to start your program.

Question 07: Is there a list of available Fellowship projects I can apply to directly?

Answer 07: No.  Currently we custom-match students approved for a fellowship within different departments at IE.  We’re working on making a list available, but this is not a change that is likely to take place before late 2009, early 2010.

Question 08: When can I apply for a loan?

Answer 08: Our recommendation is applying for a Caja Madrid loan once you have definitive admissions, and within 3-4 months before you actually start your program.  Please keep in mind that it is possible that your loan application will be denied, even though you have admissions to a program at IE, therefore it’s probably wise to see the Caja Madrid option as your back-up plan.

Question 09: What is the grace period for loans from Caja Madrid?  Do I have to make loan payments during the grace period/while I´m studying?

Answer 09: While students studying full-time may be granted up to 18 months in grace period, all students who take out a loan with Caja Madrid begin paying a loan from day 1: during the grace period only interest payments are made, and then at the end of the grace period both interest and principle payments begin.  Please note that part-time, blended format and executive programs all start paying both interest and principle from day 1 – a policy based on the fact that if you are studying with IE and working at the same time, then starting to pay back your loan right away is a good way to reduce your debt load as quickly as possible.

Question 10: Can you send me the loan contract so I can sign it in my home country, instead of having to come to Madrid to sign it?

Answer 10: No.  Loans must always be signed in front of a Notary here in Madrid, this is not a negotiable term of the IE – Caja Madrid loan program.

30
Apr

Monthly Top 10 FAQ: April 2009

Written on April 30, 2009 by Joël McConnell in Monthly Top 10 | Top 10 Mensuales

Below are the answers to April’s most pressing and frequently asked questions.

Question 01: How long does it take to hear back regarding my scholarship application?

Answer 01: Generally scholarship applications are decided between 2 and 4 weeks from the time we receive a complete scholarship application.  Scholarship applications are not complete until we have all required documentation, in English or Spanish, and that you the potential student has received a confirmation from Financial Aid that your applications is complete.

Question 02: Where did the listings for the MET Fellowships, MBR Foundation and Multilingual Professionals Scholarships Go?

Answer 02: Some of the listings for scholarships available through Financial Aid were temporarily deactivated due to a glitch in the process related to the recent updating of the Financial Aid web page.  This situation has been corrected.

Question 03: Should I apply for one schoalrship, wait for a decision, and then if I am not awarded a scholarship apply for another scholarship?

Answer 03: No.  You can apply for up to 3 scholarships plus a fellowship, but once the Scholarship Committee has reviewed your case, it will not be considered again.  Be sure to take the time to apply for the best options given your profile, and apply for all scholarships at once.

Question 04: Is there a listing of Fellowship projects I can use when applying for a fellowship?

Answer 04: No.  The process works as follows: the candidate applies for a fellowship, then the Scholarship Committee decides whether or not to award a fellowships, and then the Financial Aid officer works with the various internal areas at IE to place fellows in projects where fellows are needed.

Question 05: Are IE Fellows and Fellowships the same?

Answer 05: Yes.  IE Fellows is the formal name for the program, but award recipents are referred to as fellows, and fellows complete fellowships during their program of study.

Question 06: Is the Caja Madrid loan program back up and running?

Answer 06: Yes.  But lending policies have become more stringent so we are recommending interested applicants see this Financial Aid option as a plan B.  Non-Spanish fiscal residents can only apply for up to a maximum of 30.000€.

Question 07: If I am married, does my wife/husband need to provide all the same documentation?

Answer 07: Yes, if you’re married under the shared asset regime.

Question 08: Do I need a NIE number to apply for a Caja Madrid loan?

Answer 08: Yes.  Without a Spanish residency number it is not possible to apply for a Caja Madrid loan.  In some cases it is possible to get a temporary residency number that allows for loan applications.

Question 09: How long does it take to have a loan decision for a Caja Madrid loan application?

Answer 09: It can take between 6 and 12 weeks, so apply early.

Question 10: I missed the AIESEC Scholarships Information sessions, how can I learn more about?

Answer 10: See the recording by copying and pasting the following link into a new browser: http://conference.ie.edu/p83379794/. 

9
Mar

Monthly Top 10 FAQ: March 2009

Written on March 9, 2009 by Joël McConnell in Monthly Top 10 | Top 10 Mensuales

Below are the answers to March’s most pressing and frequently asked questions.

Question 01: How long does it take to hear back regarding my scholarship application?

Answer 01: Generally scholarship applications are decided between 2 and 4 weeks from the time we receive a complete scholarship application.  Scholarship applications are not complete until we have all required documentation, in English or Spanish, and that you the potential student has received a confirmation from Financial Aid that your applications is complete.

Question 02: What is a pay slip?  What is a bank extract?

Answer 02: Both these documents help us better understand your relative financial need, an important factor when considering whether or not you require financial support.  A pay slip is the monthly or bi-weekly document your organization sends you which shows how much you were paid in both fixed and (if applicable) variable salary.  A bank extract is either a letter from your bank, or your monthly statement, either of which shows your recent bank balances and income flows.

Question 03: How many scholarships can I apply for?

Answer 03: No more than 3 scholarship applications will be considered for any applicant.  Once you case has been reviewed and decided, the Scholarship Committee will not see your case again, so it is important that you take the time to think about which scholarship(s) you are most qualified for, and then apply for up to three.

Question 04: What do I need to communicate in my Letter of Intent, when applying for a Fellowship?

Answer 04: What you have done in the past that brings special or unique value to an on-campus project, and in a second paragraph, what it is exactly you want to do after your master program at IE.  We try to custom-fit IE Fellows to on-campus projects where they can 1) bring the most value/expertise needed, and 2) the student will be able to gain additional experience which will directly contribute to them achieving their post-program professional goals.

Question 05: If I am applying to multiple programs, does that mean I can apply for 3 scholarships for each program?

Answer 05: No.  You can only apply for up to 3 scholarships as a scholarhip candidate, regardless of how many programs you are applying to.

Question 06: What are the deadlines for scholarship applications for my program and intake?

Answer 06: For schools that do not operate on a rolling admissions model, dates for scholarship applications tend to be regid and annual.  IE works on a rolling admissions process and so all related/dependant processes are also engineered to best fit with our admissions approach.  As such, most scholarships can be applied for throughout the year, unless otherwise noted in the specific scholarship listing as it appears on the Financial Aid web site at www.ie.edu/financialaid.

Question 07: You have joint programs with key programs in Latin America, do I apply to IE or these organizations directly for scholarship support?

Answer 07: For our most important program partners in Latin America, such as ICETEX, Fundación Carolina, Colfuturo, Guatefuturo, IPFE, FUNED and others, you must first apply for financial support from these organizations, directly with the organization.  You must then also obtain admissions to IE.  Once you have admissions to IE and have applied to the respective organization for financial support, both organizations work together to decide on each specific case.

Question 08: Do I have to be admitted to IE to apply for a scholarship?

Answer 08: Yes.  If you do not have admissions to IE, we will not consider your application for financial support.

Question 09: I’ve been awarded a scholarship, but I want a higher scholarship. Can I apply for an increase?

Answer 09: No.  The Scholarship Committee works very closely with Admissions, IE’s International Offices and other relevant stakeholders to understand each candidate’s economic situation and merit.  If you are awarded a scholarship, then this is the support IE is willing to provide you for a specific programa and intake.  You are free however to apply for scholarships offered by outside organizations, not related to IE.

Question 10: What is the best way to send my application documentation to Financial Aid?

Answer 10: We only accept documentation in digital format, unless otherwise requested.  Sending documenation via mail or courrier implies potential loss of documents, unnecessary expenses, wastage of paper, and if we store documentation related to scholarship applications, we store it digitally.  Further, if you are including documentation from your organization (supporting letters from superiors, letters from the Human Resources department, etc), then these documents should be sent directly by the author/person signing the letter, to financialaid@ie.edu.

9
Mar

Top 10 Most Frenquently Asked Questions

Written on March 9, 2009 by Joël McConnell in Monthly Top 10 | Top 10 Mensuales

As part of our initiative to keep our FAQ section as up to date as possible, we are launching a “Top 10” monthly listing of most frequently asked questions (FAQ).  We encourage you to add the Financial Aid blog to your RSS feed so that you are updated automatically when we release this and other additions to content on the Financial Aid blog.

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