Archive for the ‘Global News on Financial Aid’ Category

3
Aug

Please be advised that as of July 01, 2009, the Rotary Club has cut their funding program for international studies. Learn more at:

http://www.rotary.org/en/StudentsAndYouth/EducationalPrograms/Announcements/Pages/foundation_funding_annc_6may09.aspx.

As such, this scholarship will no longer be listed on the Financial Aid web page.

3
Jun

As part of the IE Foundation’s dedication to supporting professional women throughout their career development process, the Foundation has partnered with the IEEE’s Women in Engineering (WIE) initiative to bring top women engineers from Europe, Middle East and Africa to Madrid for advanced studies in management. The collaboration includes various joint initiatives, including a scholarship program which will see 2 or more IEEE Women in Engineering members receive scholarships worth a combined total of 50.000€.

To qualify you must be an active Institute of Electrical and Electronics Engineers (IEEE) member and also a member of the Women in Engineering (WIE) initiative, reside in the IEEE’s Region 8 (Europe, Middle East and Africa), and have definitive admissions to an IE master program. Many of the participants of our program every year come from Engineering backgrounds, especially with regards to our Executive MBA program. However we encourage all interested and qualifying candidates to apply, regardless of program. See the IE Financial Aid web page for detailed application guidelines.

For more information from the IEEE Women in Engineering initiative, please email Dr. Pilar Molina at the University of Zaragoza (pimolina @ unizar.es) or IE Financial Aid (financialaid@ie.edu).

3
Jun

If you are a US student coming to IE, please note the following change in lending/credit assessment policy on the part of Sallie Mae:

“For credit checks completed from June 1st onward, they will only be valid for 120 days after the student submits the application. For the application to be successful, the loan needs to have the first disbursement scheduled within 120 days of the date of the students signature ( the date of our credit check).”

Please factor this in when applying for loans as if you apply more than 120 days before your program, than the application will in the end have to be cancelled and reapplied for closer to your program start date.

Please keep in mind as well that you may need to use other funds to make your place reservation well in advance of your start date, since Sallie Mae funds are never released to the institution more than 30 days before start date.  Place reservations paid by you the student guarantee your spot in a given program and intake. 

For more information contact the IE Offices in New York, Los Angeles or Miami (see: www.ie.edu/offices) or IE Financial Aid at financialaid@ie.edu.

28
May

Shortly the final 45 recipients of the EuropeanPWN memberships will be contacted by the EuropeanPWN with more details on how to complete the registration process for their free, 1-year membership to this cross-EU network of professionals dedicated to the advancement of women professionals.  While we had about 2 applications for each membership available (just short of 100 applications in total), in the end we had to select the most qualified members of the IE community of current and future professionals based on their background, program of study, responsibilities and their contribution to the overall diversity of the pool of membership recipients joining the EuropeanPWN this year.  Below is a snapshot of the group of who will be receiving memberships:

  • Programs: International Executive MBA, Executive MBA, Executive Master in Dirección Comercial y Marketing, Executive Master in Dirección Financiera, International MBA, Master in International Relations, Master in International Management, and Master in Marketing Management.
  • Some of the Top Organizations: IE, Saint Gobain, Airbus, Altran, Endesa, Inditex, Randstad, Accenture, Ferrovial, Union Fenosa, Red Electrica, British Telecom, Honeywell, Invest Hong Kong, SUMAQ, 10,000 Women (Goldman Sachs), Financieros Sin Fronteras, and many additional large and medium size organizations.
  • Age Range: 23 to 50 (majority early to mid 30s).
  • Languages: all selected recipients speak 2 or more languages (many 3 or more).
  • Gender: majority of recipients are women, but the final group does include both men and women members of the IE community.
  • 45 Memberships: In addition to the 25 student memberships awards, 5 alumni and 15 management/director-level staff members received special invitations to join.

For more information on the European Professional Women’s Network, navigate to: http://www.europeanpwn.net/

Congratulations again to our selected candidates!

20
May

Looking for new networking and job hunting opportunities?  Apply for a free EuropeanPWN Membership…

As a current student at IE you may be looking for ways to best build your contact network, and better your professional opportunities post-program.  Due to the recent signing of an agreement between IE and the European Professional Women’s Network (EuropeanPWN), we are glad to be able to offer free 1-year memberships to 25 students (100€ value each).  The membership gives you access to the EuropeanPWN’s online resources, as well as a selection of events held at top companies and organizations in Madrid, where you will meet women and men in a position to hire future IE graduates.  Recent events include a breakfast with HR Directors held at Deloitte’s headquarter offices in Torre Picasso, a speaker session at Coca Cola’s headquarters in Arturo Soria and speakers from Warner Brothers here on campus at IE.

Please send a message to IE Financial Aid (financialaid@ie.edu) stating your program, intake and include a copy of your CV if you would like to be considered for one of the memberships.  All requests must be received by Friday, 22 May at 12h00 Madrid time.

Selected candidates will be contact directly by the Financial Aid Officer to formalize their memberships.

Español

Estas buscando una forma de aumentar tu red profesional?  Apúntate entonces a la EuropeanPWN.

 Como alumno actual, puede que estés buscando una manera de mejorar tu red de contactos y tus oportunidades profesionales después de terminar el programa. Debido a un acuerdo reciente entre IE y la organización EuropeanPWN, European Professional Women’s Network, estamos encantados de poder ofrecer un año como miembro de la asociación a 25 alumnos (por valor de € 100). Ser socio te dará acceso a los recursos online de EuropeanPWN y a una serie de eventos que tendrán lugar en compañías y organizaciones de primer rango en Madrid, donde conocerás a mujeres y hombres que están en posición de contratar futuros graduados de IE.  Eventos como un desayuno en la oficina central de Deloitte en la Torre Picasso, una conferencia en la oficina central de Coca Cola en Arturo Soria y una conferencia de Warnen Brothers aquí en el campus de IE son unos de los últimos eventos que hemos celebrado.

Por favor, manda un email a Financial Aid (financialaid@ie.edu) especificando tu programa y convocatoria; incluye una copia de tu curriculum si deseas ser considerado para ser miembro. La fecha límite es el próximo viernes 22 de mayo a las 12.00 (hora de Madrid).

Contactaremos a los candidatos seleccionados directamente desde la oficina de Financial Aid para formalizar el proceso.

20
Apr

If you’re an American student coming to IE and plan on funding your program with a student loan, you may want to have a read of this article which recently appeared in the Washinton Post.  Below is the link to the artile and a brief clip from the article itself.

Link: http://www.washingtonpost.com/wp-dyn/content/article/2009/04/13/AR2009041302771.html

“With the Obama administration proposing to overhaul the programs a majority of American students use to finance their college education, the student loan industry is fighting back.

The administration is calling for sweeping changes to the decades-old approach of providing federal subsides to private loan companies, arguing that the revamp will save $94 billion that can be redirected to needy borrowers and help even more people go to college. But the industry and its congressional allies are countering that it would add billions to the national debt, put thousands of industry employees out of work and provide shoddy service for borrowers.

The result of the growing confrontation will determine the way students across the country pay for college and, potentially, the fate of dozens of student lending firms…”

14
Apr

If you’re a Peruvian national, take 5 minutes to read this article on Financing Options for Peruvian nationals (article in Spanish), that recently was published in both the paper and online versions of El Comercio de Perú – one of the countries leading business dailies:

http://www.elcomercio.com.pe/impresa/notas/financiando-especializacion/20090413/272383

Useful Take-Aways:

  1. Banco del Crédito de Perú (BCP) offers up to 100% tuition loans.
  2. Banco BBVA Banco Continental also offers sizeable education loans for students coming to IE, from Peru.
  3. Get in touch with our IE Peru Office for assistance on navigating the admissions and loan process: peru@ie.edu.
6
Apr

In a recent Boston Globe Article, reporter Peter Schworm detailed what one US state is doing to top up other loan options for undergraduate students.  The Massachusetts Educational Financing Authority, through a bond issuing scheme, has created a fund of US$300 million which will be used to provide competitive-rate loan options for Massachesetts residents.  In the article Sallie Mae, Inc. spokersperson Martha Hollar also confirms that Sallie Mae is currently lending at rates of 4.5 to 14.5%.

We encourage you to investigate what options your state, province and/or regional government is able to offer you as a potential candidate for an IE degree.  In Spain and various other European countries, governments at different levels offer various types of financial support, from basic mobility scholarships (for costs related to relocation within a country or abroad) to full tuition loan and/or scholarships.  Times are challenging for those students who need financial aid, and while IE is doing all it can to support our best candidates through scholarships, fellowships and loan options, candidate now more than ever need to be creative when looking at how to source the funds necessary to meet program and living expense related costs.

1
Apr

As recently discussed in The Economist (see: News from the Schools, March 2009), the Graduate Management Admissions Council – GMAC (the GMAT people) will be rolling out a US$500 million loan program for international students going to business school in the United States and Europe (see: New Loan Program for International Students Created at the Request of the Graduate Management Admission Council), for the 2009-2010 academic year.  The introduction to the press release reads:

“Responding to a request from the Graduate Management Admission Council® (GMAC®), a leading international bank has joined with experienced service providers in student financial aid to create a new pilot lending program for international students who attend graduate business schools around the world.  The pilot is prepared to provide at least $500 million in loans to students in about 40 business schools in the United States and Europe, beginning with the 2009-10 academic year…”

While details are still being decided, we’re following the developments and will be sure to provide more news when it is made available by GMAC.  As of now, the initial schools have been selected for program testing in academic 2009-2010, but we’re working on getting more information for the 2010-2011 academic year.  The majority of the schools selected for the first “testing year” are from the US.

26
Mar

The Association of MBAs (AMBA) is one of the “triple crown” organizations that monitor and drive quality in the MBA arena by acting as an accreditation body for top business schools.  IE Business School is accredited by the AMBA, EQUIS and AACSB.

Recently the AMBA launched a new section on their web site dedicated to informing interested MBA candidates about financial assistance options at selected business schools, and IE Business School is one of the first schools to be included.  When an MBA candidate navigates to the AMBA web site they will be able to access this blog, the IE Financial Aid web page and also the IE Financial Aid video.

To learn more about AMBA see their web page by clicking here, or go directly to their financial aid options section by clicking here.

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