At present, student scholarships can be requested. The availability and allocation of these scholarships are subject to the funds received by the IESA Foundation from its donors, as well as the individual evaluation of each candidate.
If a student so desires, he is allowed to not pay the full quarterly fee immediately, and can divide it into monthly installments by means of a bridge credit. In this case, the student opens a credit line at Banco Mercantil at the start of each quarter, during the registration period. The bank will pay IESA the sum corresponding to the quarterly fee and the student shall deposit a quota in the bank every month, which is the total cost of the quarter divided by three. The financed sum generates no interest if the deposit is made before each quota's due date. If any of the quotas is not paid on time, the bank shall collect interest at the active market (borrowing) rate calculated using the daily balance.
If a student opts for this latter option, when registering for the first quarter they must sign an adherence contract. An account number at Banco Mercantil shall be assigned to him where he shall deposit the monthly sums and the first deposit shall be due at that time, for a sum equal to 34% of the quarterly fees. He must sign a credit renewal letter on each successive quarter.
Credit or financial aid by means of the company he works in
If the student is financed in full or in part by the company he works for, he must submit a letter at IESA's Collections Department -with a copy to the Postgraduate Studies Department- including the following data, for the purposes of registration and billing:
If 3 or 4 persons of one same company register for the master's degree, each student shall receive a 10% discount on the total cost of the tuition fee.
If 5 or more persons of one same company register for the master's degree, each student shall receive a 15% discount on the total cost of the tuition fee.
Note: Students may make use of several financial aid modalities at the same time, to cover the cost of their master's degree. For more information, please contact firstname.lastname@example.org or call 555-4397or 555-4371.