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CIMBA Financial Awards Scholarships for residents of the Treviso Province
Students who are residents of the Treviso Province are eligible of a partial scholarship. These scholarships are specifically designated for resident of Treviso Province who meet the admission requirements of the program. Scholarships are awarded on a competitive basis. Students interested in participating to the scholarship selection process are requested to submit the following application documents:
- Detailed Curriculum Vitae
- University transcript with grades
- Certificato di residenza e di stato famiglia
- Dichiarazione dei redditi
The deadline to submit the Scholarship application is:
- August 20th, 2010 for the Full-Time MBA Program
- September 8th, 2010 for the Part-Time MBA Program
For further information, please contact info@cimba.it.
Board of Advisors Scholarship Program
The CIMBA Board of Advisors, our client companies and alumni are strong advocates of making working partnerships with the business community an integral part of the MBA program. Under the belief that the CIMBA consulting projects provide students with an opportunity to test MBA-program learning in a real-world environment prior to graduation, the board has encouraged the development of the CIMBA Consulting Lab by providing each MBA student not receiving another scholarship (except those from CIMBA alumni organizations) with a $4,000 tuition scholarship. Alumni Scholarship Programs CIMBA alumni organizations in several countries now provide students with direct financial assistance. Limited to tuition payment, alumni scholarships average $2,000. To be eligible for consideration, students should have gained full acceptance into the CIMBA program, confirmed their intention to participate in the program, and met any other criteria (typically work experience, GMAT, and/or personal interview) set forth by the sponsoring alumni organization. Scholarship for Italian descent Participants
Participants of Italian descent are eligible for a $2,000 tuition scholarship. The Global Entrepreneurship Scholarship is provided by a group of entrepreneurs from the Veneto region. The Veneto region is known for the quality of its entrepreneurs, as confirmed by several recent global studies on entrepreneurship. To be eligible for the scholarship, students must have gained full acceptance into the CIMBA program, provided documentation confirming Italian ancestry, confirmed their intention to participate in the program, demonstrated financial need and met specified merit-based criteria (university performance, GMAT, and/or personal interview). Financial Aid (U.S. Citizens)
For US citizens, loans from both public and private sources are available. The primary public source of financial assistance is the federal Stafford Loan program. The federal Stafford Loan is a need-based program whereby a student borrows money from a commercial lender or other participating organization. MBA students are eligible for loans of up to $18,500. Depending on need, up to $8,500 can be subsidized and up to $10,000 can be unsubsidized.
Under the federal Subsidized Stafford Loan program, the federal government pays the interest until the time repayment begins, which is six months after the student graduates, ceases to be enrolled at least one-half of the normal course load, or withdraws from an institution. Minimum monthly payments start at $50 but may be higher depending on the total amount borrowed. The loan must be repaid within 10 years from the date a student is last enrolled in a participating institution. Under the federal Unsubsidized Stafford Loan program, students are responsible for any interest accrued during in-school and deferment periods. Interest accrued during those periods may be paid or capitalized as agreed by the borrower and lender. An origination fee of three percent will be deducted proportionately from each installment payment. Lenders may charge up to one percent of the principle amount borrowed for an insurance premium, which also will be deducted from each installment payment. To apply for federal financial aid, students must submit a Free Application for Federal Student Aid (FAFSA). The application can be completed on line at www.fafsa.ed.gov. In completing the form, you will need to indicate the University of Iowa code (00). The UI Office of Student Financial Aid provides more information. The rules and regulations governing federal student loans change frequently, often without advanced notice. Participants are encouraged to contact the Consortium Office and/or the UI Office of Student Financial Aid for assistance, if necessary. Financial Aid (Canadian Citizens)
Canadian citizens are eligible to apply for loans provided through the Canada Student Loans Program. The program allows students to borrow money from the Canadian government to pursue higher education. The Canada Student Loans Program Web site offers information about a wide-range of topics, including who qualifies for loans, how to apply for a loan and how to repay the loan after graduation. To apply for a loan, applicants must contact the provincial student assistance program in their province to receive application forms and additional information. Applicants must me the following general criteria:
Additional information can be obtained by visiting the Human Resources Development Canada (Développement des resources humaines Canada) site. The J. Armand Bombardier Foundation provides fellowships for Canadians to study, research and work abroad in order to build their international competence and to enhance Canada’s participation in the world economy. The scholarship is open to Canadians and permanent residents of Canada who hold at least one university degree or are in the final year of a degree program. College graduates (post-secondary level) holding a recognized bachelor’s degree are also eligible. The latest degree must have been awarded no longer than five years from the date of application. Applicants must have achieved high academic standing. Additional information is available on the foundation’s Web site. Other Resources
CIMBA Loan Program
The CIMBA Loan Program Fund provides low-interest (and in some cases, no-interest) loans to cover up to $11,000 in tuition for participants from developing countries where it is difficult to obtain sufficient funds to attend the CIMBA program. The loan is repayable over a five-year period, with payments beginning five months after degree completion. The program does not cover living expenses. Students must gain full acceptance into the CIMBA program, confirm their intention to participate in the program, demonstrate financial need and meet specified merit-based criteria (university performance, GMAT, and personal interview). Since its inception in 1996, the CIMBA Loan Program has supported participants representing China, Croatia, Ecuador, Mexico, Nepal, Russia, and Slovenia. The loan program is further evidence of the commitment to promote the quality of global management by ensuring that finances do not prohibit outstanding individuals from participating in the CIMBA program. Other Loan Programs There are several private sources for loans, some of which are willing to loan to international students under certain circumstances. While CIMBA does not specifically endorse any such private loans, you might want to investigate “MBA LOANS,” a program sponsored by the Graduate Management Admission Council. Applicants are encouraged to visit their Web site. US citizens are eligible; students, who are neither a US citizen nor a US resident, are eligible to borrow with a co-borrower who is a creditworthy US citizen or permanent resident. Terms and applicable interest rates depend upon the amount borrowed and the credit-worthiness of the co-borrower. In addition to the MBA loans program, students can investigate the Web site www.finaid.com for a list of private lenders. Other Resources There are many Web sites that contain information about studying abroad. Many of the sites have searchable databases in which you can find scholarships, grants and loan information. A few sites to consider are: CollegeNet Rotary Club Scholarship Resource Network Express CollegeBoard Wired Scholar FastWeb
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