Archive for July/2010


Just a quick note that if you still haven’t figured out your program funding, then it may be worth looking into requesting a transfer to a forward intake.  The next intake is in April 2011, so transferring to the next intake will also give you a few extra months of time to save, and obtain additional professional experience.

As we are in a waiting list scenario, we are not longer able to accept new Financial Assistance applications for the November 2010 intake.


Check out the new video for undergraduate degree candidates at IE University!

Financial Aid Video – Bachelor Degree Candidates (English with Spanish subtitles)


Just a quick update to all candidates thinking of doing the International MBA and MLOG/ZLOG  Dual Degree:

To be considered for the Dual Degree Scholarship you must apply and obtain admissions to both the IMBA and the MLOG/ZLOG program AND apply for the scholarship to IE Financial Aid BEFORE starting your studies at IE Business School.

Any scholarship applications submitted after the student has started the International MBA will not be accepted.  This policy is strictly enforced and appears as such in the program documents (see here).


GMAC, the people behind the GMAT, are giving away US$250,000 (first prize is US$50,000 with 14 additional awards in values of US$10,000 to US$25,000) for the most innovative ideas on how to improve/innovate management education.  For its Ideas to Innovation Challenge, GMAC is seeking “ideas that are achievable, easily understood and able to demonstrate measurable results within a one- to three-year time frame,” according to a press release from the council.

While the best way to fund your program is to have a solid financial plan in place, making good use of Financial Aid when and where appropriate, if you’ve got a great idea for the GMAC competition, why not submit it?

More information on the Ideas to Innovation Challenge here.

More information on the GMAC’s Management Education for Tomorrow (MET) Fund here.


If Your Graduating or Leaving Spain: Close Your Caja Madrid Bank Account (It’s Your Responsibility)

If you have a Caja Madrid bank account and are an international student at IE, you need to keep in mind that you are responsible for closing your account before you leave Spain.  Any fees that are covered to your account after you leave Spain are your responsibility, and non-payment of these fees affects your credit rating.  IE and Caja Madrid work very closely to ensure the long term health of our partnership, so please act accordingly.

If you are coming up to graduation time you should either pass by the C/Serrano, 114 branch and close your account, or if you are staying on in Spain, renew your account with up to date details.


News on Federal Loan in the US from BusinessWeek/Bloomberg

Written on July 15, 2010 by Joël McConnell in Uncategorized

While IE does not participate in teh US Federal Loan Program for US students who wish to study abroad, this information may be of interest to IE candidates. 

Article snapshot below (full article here):

“Students taking out federal student loans will be confronted with a bevy of changes when they visit their school’s financial aid office this fall. This spring, the U.S. Senate passed a student loan bill—the Student Aid & Fiscal Responsibility Act—that led to a major revamping of the federal student loan program, shifting everything from how students obtain their loans to the amount of aid doled out through such programs as the Pell Grant….”


IE’s Scholarship Program with the OAS on CNN

Written on July 14, 2010 by Joël McConnell in Global News on Financial Aid

If you are from the Americas you may qualify for a scholarship from IE and the Organization of American States – as recently featured on CNN.  To watch the news cast (in Spanish) click here.

For more information on how to apply for the scholarship nagivate to, as soon as you have admissions to a qualifying program.


We get many questions on when to apply for scholarships, how the Scholarship Committee selects aid recipients and what to do if the candidate finds themself applying late in the process for Financial Aid.  Hopefully the tips below will help you better manage your applications for financial assistance.  We’ve organized the tips into a Question and Answer (Q&A) format for ease of reference.

Question: I’m admitted to a master program at IE however it starts soon and I’m worried it’s too late to apply for aid, what should I do?

Answer: It is preferable to apply well in advance of the start date of the program intake, and as soon as you have definitive admissions to an IE program.  However the Scholarship Committee does review applications throughout the year, and the waiting period for a decision is 2-6 weeks.  If you need financial assistance and have a great profile, then apply.

Question: I’m planning on starting the International MBA in November however it’s very late in the process and I’m concerned about not being awarded aid because I wasn’t able to apply earlier, what should I do?

Answer: If you really do need financial assistance and have a great profile, then apply; we’ll do our best to help.  However, resources are limited so it may be smarter to take another approach: think about moving to the following April intake.  Why?  Well, simply put, by moving to the April intake (5 additional months of professional experience and savings time…) you’ll convert yourself into one of the “first to apply” for assistance instead of being one of the “last to apply”.

Question: How does the Scholarship Committee decide to award scholarships and fellowships to?

Answer: The Scholarship Committee evaluates much the same characteristics taken into account during the Admissions process, with a special eye to helping the most well-rounded cases who have demonstrated financial need.  A well-rounded profile would be one that has excellent past academic results and/or professional track record, someone who brings something unique/diverse to the classroom (uncommon nationality, special expertise, valuable knowledge, experience as a successful entrepreneur, etc) and someone who has done well on the IE Admissions Test or other standard admissions test accepted by IE.


As a former member or reservist of the United States Armed Forces or the US National Guard, you may have access to financial support provided by the US Department of Veterans Affairs (VA) for your studies at IE Business School.  VA provides a wide range of benefits including, Disability, Education and Training, Vocational Rehabilitation and Employment, Home Loan Guaranty, Dependant and Survivor Benefits, Medical Treatment, Life Insurance and Burial Benefits.  To learn more about whether or not you qualify you should contact VA directly:

1) US Department of Veterans Affairs:
2) Post 9/11 GI Bill Web Site:

For local support from IE in the US, please contact Anne Carson at  You can also contact IE’s Financial Aid Office in Madrid for support at


En La Vanguardia EDICIÓN IMPRESA (ver la noticia aquí) salió el siguiente noticia…  Para ver la noticia entera, tienes que ser un suscriptor de La Vanguardia.

“La crisis económica también se deja sentir en las universidades privadas y escuelas de negocio. En Esade las solicitudes de becas aumentaron un 40% en el curso 2009-2010 respecto al anterior. Se espera que la demanda para el año académico 2010-2011 sea similar. En total, 150 alumnos solicitaron una beca, que consiguieron 117 de ellos. “Hicimos un esfuerzo adicional para becar a la mayor parte de alumnos que nos lo pidió”, explica Eugenia Bieto, presidenta del comité de becas de Esade. El 12% de sus estudiantes recibe ayudas para financiar su carrera, cuando el curso 2008-2009 era sólo el 7%. El objetivo de la institución es que el 30% de alumnos esté becado en un periodo de cinco años, para lo que destinarán un presupuesto de cinco millones de euros. Además, pretenden becar a todos los estudiantes de doctorado e incrementar la dotación media de las ayudas a los MBA. En el Iese las peticiones de becas se han incrementado un 12% este año. “Lo más complicado ha sido mantener el acuerdo con los bancos para que sigan financiándolas pese a la situación económica”, dice Javier Muñoz, director de admisiones del MBA de Iese. …”

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