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Financial Aid

IE has negotiated agreements with various banks for preferential loans for IE students. This funding presents favorable financial conditions, such as a period of interest only payments, low interest rates based on mortgage rates and the possibility of financing up to 80% of the tuition fees. Students may also apply for funding to cover the cost of maintenance during the study period.

IE's role is to serve as an intermediary between students and the bank, advising on how best to present the application, required documents and the procedures for the different options, as well as providing monitoring and an update on developments for each applicant on an individual basis. It must be noted, however, that the study of each application, as well as the decision to approve or deny the loan, and the specific conditions of each approved funding scheme, rests solely with the bank and not with IE.

Students at IE can only accept a loan offer from one financial partner, and we do not allow students to take on debt from multiple institutions who are direct partners of IE.
 
Other Loans Search
Program Geographic Area Financial Institution
 
Financial Institution
Aide Financière aux Études du Québec
Geographic Area: North America
Applicable countries: Canada
Province: Québec

If you wish to pursue Master degree at IE but lack the necessary financial resources, you may be elegible for student financial assistance from the Québec provincial government, under the Loans and Bursaries Program.

The Loans and Bursaries Program is intended for students who are pursuing studies on a full-time basis in an educational institution recognized by the Ministère de l’Éducation, du Loisir et du Sport.

The objective of the Program is to ensure that individuals have the financial resources to pursue studies if they have the desire and the ability to do so.

For more information please see the link below for more information.
More Info
 
Financial Institution
Alberta Student Funding Loans
Geographic Area: North America
Applicable countries: Canada
Province: Alberta

Students coming to IE from the Canadian province of Alberta have access to funding programs made available by the Alberta Learning and Information Service (ALIS). Loans are provided to students who have the financial need and are intended to supplement the sutdent's own financial resources for education costs. Students approved for funding through Alberta Student Finance pay no interest on their loans while they are completing their full time program at IE, and loan repayment begins once the student has completed their program.

Alberta Student Finance
Alberta Learning and Information Service (ALIS)
1-800-222-6485 (In Canadá)
+01 (780) 427-3722 (Outside of Canadá)

See link for more information.
More Info
 
Financial Institution
Banca Sella "Prestito d'Onore" Loans
Geographic Area: Europe
Loan program for full-time programs, for students coming to IE from Italy.

Information

Bank: Banca Sella
Loan product: Prestito d’Onore
Maximum amount: 50.000€
Grace period: duration of the master program plus 6 months
Amortization: Up to 7 years plus the grace period
Interest rate: Euribor + 3%

Contact Banca Sella directly or the IE Office in Italy for more information.
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Financial Institution
Banco Continental BBVA (Peru)
Geographic Area: Latin America
Country: Perú

Peruvian students coming to study a master at IE have the opportunity to apply for a loan to finance their program, via Banco Continental BBVA.

Admitted students can request up to 100% of tuition fees and up to US$20,000 for living expenses. Moreover, successful applicants enjoy up to 4 year repayment periods and up to 24 months of grace period. The bank does not charge a commission for prepayments.

For more information on this financing option, please contact the IE Office Representative in Peru at:

Bruno Garro
Ph.: + 51 1 447 08 05
peru@ie.edu

 
Financial Institution
Banco de Crédito de Perú BCP
Geographic Area: Latin America
Country: Perú

Peruvian students coming to study a master at IE have the opportunity to apply for a loan to finance their program, via Banco de Crédito de Perú - BCP.

Admitted students can request up to 100% of tuition and successful applicants enjoy up to 5 year repayment periods and up to 26 months of grace period. The bank does not charge a commission for prepayments.

For more information on this financing option, please contact the IE Office Representative in Peru at:

Bruno Garro
Ph.: + 51 1 447 08 05
Ph./Fax: + 51 1 445 16 91
peru@ie.edu

 
Financial Institution
Bank Leumi Loans for Israeli Nationals
Geographic Area: Africa & Middle East
Bank Leumi is interested in supporting qualifying IE students who are seeking loan options for funding their master program, and who need general support with regards to their banking needs. While rates and terms are subject to change and adjustment, below is a general description of funding and banking options for IE students coming from Israel.

-Amount: Loan up to NIS 300.000 or up to 80% of the tuition fee (whichever is the smaller amount).
-Repayment Schedule: Grace period up to two years (maximum of 24 months), with repayment divided into a maximum of 60 installments.
-Rates: Based on a LIBOR/Prime+percentage which fluctuates.

See the attached document here for more information or contact IE Financial Aid for Loan Officer contact information at Bank Leumi.
 
Financial Institution
Bank of China Educational Loans
Geographic Area: Asia Pacific
The borrower can only use the loan for the tuition fees, living expenses for studying abroad with approval in foreign middle schools or universities, and pursuing master's degree or doctor's degree, or for obtaining relevant credit certification.

All Chinese citizens with full civil capacity and permanent residence in China can apply to Bank of China for foreign exchange loan for studying abroad. And customers may choose students themselves or their parents or statutory custodians as borrowers according to their needs. As for the actual funds user less than 18 years old, their statutory custodians may act as borrowers.

For further details, please click the link.
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Financial Institution
Barclays Master Loan
Geographic Area: Spain
Barclays has launched a new loan program call Master Loan, and it is intended for existing or new clients of the bank who are 23 years of age or older.

Admitted candidates to a Masters in IE who have Spanish fiscal residency can apply for between 5.000€ and 50.000€ at preferential conditions including a grace period of up to 18 months and a competitive interest rate.

For further information please contact the Branch Manager:

Ana Clemares González
Manager, Branch 24
Barclays
José Abascal, 59
28003 Madrid
Tel: 914 416 522

 
Financial Institution
Canada-Ontario Integrated Student Loan
Geographic Area: North America
Applicable countries: Canada
Province: Ontario

If you are a full-time student, your OSAP student loan is called a Canada-Ontario Integrated Student Loan. It is a single loan that is issued through the National Student Loans Service Centre. The Government of Ontario funds a portion of your loan and the Government of Canada funds the other portion of your loan. Having official residency in Ontario is a requirement for applying to this loan program.

The government pays your loan interest charges while you are in school. Interest starts to accrue on your loan when you finish your program. Interest rates are different on the provincial and federal portion of your loan. The interest rate on the provincial portion of your loan is the prime rate of interest plus 1%. On the federal portion of your loan, you can choose between the two rates.

To learn more about the program you can use the link below to access more information. The loan process is entirely managed by OSAP.
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Financial Institution
CareerConcept AG Bildungsfonds Loans
Geographic Area: Europe
Geographic Area: Germany, Austria, Switzerland

CareerConcept AG offers current and potential IE students a great financing opportunity - the Education Fund (Bildungsfonds). The Education Fund gives qualifying students the possibility of financing up to 100% of their tuition fees and provides a great advantage in repayment.

Application Criteria- You should be able to speak and understand either German or English;
- You should have good academic records;
- You should be either attending, or accepted into a program from IE
- You should have completed and returned an Online Assessment.

Every application will be individually assessed through a multi-level selection process.
Unfortunately due to capacity restrictions currently only students with German citizenship are eligible for the Bildungsfonds loan.

Repayment
- Repayment is income-dependent;
- The amount you pay each month is based on a percentage of your salary;
- There are no fixed payment amounts or interest rate;
- Repayment will begin only after (1) you have completed your studies and (2) you are in employment.

For more information, please go to the Bildungsfonds-Studienfinanzierung Website: www.bildungsfonds.de or contact:

CareerConcept AG
bewerbungsmanagement@bildungsfonds.de
Tel.: 0049/89/122 800 80

More Info
 
Financial Institution
China Merchants Bank Education Loans
Geographic Area: Asia Pacific
If you plan to further your education, you may apply to China Merchants Bank for education loans (loan on security). Based on the intended application of the funds, the loans fall into four categories: loan for tuition and miscellaneous fee, loan for educational reserve, loan for training, and loan for overseas education. Please note that loans for overseas education to pay tuition and miscellaneous fee are released to the student's relatives, guardians or spouses.

For more information, contact the IE China Office in Shanghai at china@ie.edu.

More Info
 
Financial Institution
Citibank El Salvador / BMI Financing
Geographic Area: Latin America
Citibank is offering a loan option for the completion of master level studies within and outside of El Salvador por students with El Salvadorean nationality. The loans can be used to cover tuition fees, living expenses, travel costs and other related expenses.

Basic features: interest rates between 9% and 10.75%, repayment periods of up to 15 years and loan amounts starting as low as US$1,200. Contact IE Financial Aid for more information or Citibank directly.

Contact:

Lic. ANA LORENA TEOS
Créditos Estudios BMI
Banco Citibank de El Salvador, S.A ( Nivel 11)
Telephone: 2212-2866
 
Financial Institution
Citibank Loans for Singapore Nationals and Permanent Residents
Geographic Area: Asia Pacific
Citibank's Singapore operations recognize IE as an approved overseas institution for higher-level studies. While loan decisions are made at the sole discretion of Citibank's local Singapore office, Singaporean and Singapore Permanent Resident (PR) students admitted to an IE program have the option of applying for financing through this institution.

For more information interested applicants who've been admitted to an IE program should consult the web site link.
More Info
 
Financial Institution
Credila Financial Services for Indian Nationals
Geographic Area: Asia Pacific
In India students can now obtain loans through Credila, an education loan service provider. Credila participates in all phases of the student loan process from origination, underwriting and servicing.

The loan processing is done and the minimum interest rate as of Oct 2010 is 10.5%. The maximum loan you can get is Rs.20 lacs and the repayment period is 90 months. Collateral security will be needed for the loan.

You can visit the website http://www.credila.com/index.html for further details.

To start your loan process, please contact Mr. Vijay Salvi on +91 9987759436.
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Financial Institution
GuateFuturo: A Loan-Scholarship Program
Geographic Area: Latin America
GuateFuturo is a new partnership for IE where top students coming from Guatemala have access to a Loan-Scholarship program that helps students fund their program of choice.

For more infromation on this program, please see the link below or contact the organization directly:

GuateFuturo Loan-Scholarship Program
www.guatefuturo.org
Hours: Monday to Friday, 8:00 a.m. to 5:00 p.m.
Telephone: 2422 5894 Ext. 8867

More Info
 
Financial Institution
Industrial and Commercial Bank of China Comprehensive Consumer Loans
Geographic Area: Asia Pacific
Known as a Personal Comprehensive Consumer Loan offered by the Industrial and Commercial Bank of China (ICBC), these loans can be used by Chinese nationals coming to IE for study. ICBC describes this option as ideal as an ideal choice because of it's "wider spending purposes, higher line of credit, longer loan term."

For more information, contact the IE China Office in Shanghai at china@ie.edu.

More Info
 
Financial Institution
Japan Student Services Organization (JASSO) Scholarship Loans
Geographic Area: Asia Pacific
The JASSO Scholarship Loans are for students coming from Japan who wish to study abroad at IE full time. This program provides loans to students that must be repaid and an interest rate applies. Please contact JASSO directly for interest rate information.
Value: Applicants for Master programs at IE can chose a monthly amount of either 50,000¥, 80,000¥, 100,000¥, 130,000¥ or 150,000¥. In addition, applicants can also apply for a one time 300,000¥ bounus scholarship loan. However, this one time bonus scholarship loan can only be done at the time of admission to the IE Master program.
Applying: Applicants for JASSO Scholarship Loans apply through the Japanese university where they were last enrolled or graduated from (enrollment or graduation must have been within the previous 2 years). Additionally, this financial aid option must be applied for the year before the student plans on studying a Master program at IE. All applicants must pass through a credit review process.
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Financial Institution
Manitoba Student Aid Loans
Geographic Area: North America
Applicable countries: Canada
Province: Manitoba

Students coming to IE from the Canadian province of Manitoba have access to funding programs made available by Manitoba Student Aid. Loans are provided to students who have the financial need and are intended to supplement the student's own financial resources for education and living expense-related costs.

To learn more about funding from this institution you can use the link below or simply navigate to www.manitobastudentaid.ca. The loan process is entirely managed by Manitoba Student Aid.
More Info
 
Financial Institution
RHB Bank loans for Singapore Nationals and Permanent Residents
Geographic Area: Asia Pacific
RHB Group is a full-service financial firm that offers loans to Singapore nationals and Singapore Permanent Residents (PR) wishing to study at IE. While loan decisions are made at the sole discretion of RHB's local Singapore branch, Singaporean students admitted to an IE program have the option of applying for financing through this institution.

For more information admitted IE students should contact the local representative officer with the following information: name of program, duration of program, tuition fees and established payment scheme.

Contact: See link below.
More Info
 
Financial Institution
Sallie Mae: Smart Option Student Loan
Geographic Area: North America
Applicable countries: United States

Loan program description:Before reading the specific information on the loan product below, read this very important post from the IE Financial Aid Blog. The standard waiting time between funds being sent to IE and access to living expense monies is 20 business days, so please plan accordingly.

The Smart Option Student Loan from Sallie Mae® is the ideal solution for students who are looking for additional ways to finance their education. With the Smart Option Student Loan, you make payments while in school and have a shorter repayment period. On average you can save hundreds—even thousands—in repayment compared to a 15-year private student loan where payments are deferred during school. For a Quick Facts Guide see the link here.

Smart Option Student Loan Features:

1) Flexible repayment options–fixed payments of $25 a month or full monthly interest payments.
2) Smart RewardSM–earn 2% of your scheduled monthly payment as a reward in your Upromise® account when you pay on time.
3) A 0.25% interest rate reduction is available while enrolled to make monthly payments by automatic debit.
4) Easy online application–about 20 minutes is all it takes.
5) Fast credit decision while you’re online.
6) Cosigner release option is available after graduation and 12 consecutive on-time principal and interest payments.

For more information, see the brochure here.
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Financial Institution
Shanghai Pudong Development (SPD) Bank Loans for Chinese Nationals
Geographic Area: Asia Pacific
SPD Bank is now offering a personal loan for overseas education for Chinese nationals which covers tuition and basic living expenses of the student, their spouses or other family members while overseas. The maximum amount is 800,000 yuan and the total amount should not exceed the amount which includes the registration fee, tuition for each year of study, living expenses and other necessary expenses.

For more information, contact the IE China Office in Shanghai at china@ie.edu.
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IE (Insituto de Empresa)

IE - María de Molina, 11 - 28006 - Madrid, Spain - Tel: +34 91 568 96 00 - info@ie.edu