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For Citizens and Permanent Residents of the United States

Sallie Mae Smart Option Student Loan®

We are pleased to announce that we have been approved for the Smart Option Student Loan® by Sallie Mae. The Smart Option Student Loan® allows qualified students to borrow up to 100% of the cost of attendance for the Doctor of Medicine program at International American University. The Smart Option Student Loan® offers two types of interest rates and multiple repayment options designed to save students money and make it easier to achieve their long-term financial and professional goals. Payments may be deferred until after students leave school or they may choose an in-school repayment option that fits their needs*.

 Features of the Smart Option Student Loan:

The Smart Option Student Loan is an attractive alternative to federal student loans and other financing vehicles*— one that can help you make a smart start on the road to a graduate health professions degree.

  • No origination fees and no prepayment penalty.
  • Borrow up to 100% of your school-certified cost of attendance (minimum $1,000).*
  • A quick credit result.Applying online is fast and easy. It only takes about 15 minutes to apply and get a credit result.
  • A lower interest rate. Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.*
  • Smart Reward® — 2% cash back.When you become a Upromise® member (which is free to join) and choose the Interest or Fixed Repayment Option you can get a Smart Reward in your Upromise account of 2% of your scheduled monthly payments that are made on time while in school.*
  • Graduated Repayment Period.The Smart Option Student Loan is the only nationwide private student loan offering a Graduated Repayment Period feature*, providing budget flexibility for graduating students. Students in good standing can sign up at the end of their separation period to make interest payments for their first year of repayment. This could allow you to ease the transition to full principal and interest payments.

*For additional information about the Sallie Mae Smart Option Student Loan® please visit:

https://www.salliemae.com/student-loans/graduate-student-loans/graduate-smart-option-student-loan/

Students who wish to apply can apply online by going to the following link:

https://www.salliemae.com/globalsolutions  

Upon submitting the application students should contact the University’s Director of Financial Aid, Ms. Jane Sutter at jsutter@iau.edu.lc.


For Citizens and Permanent Residents of Canada

Canada Student Loan Program

The University is approved by the Government of Canada and is listed under the CanLearn Master Designated List (MDL). As a result, students can apply for grants and loans under the Canada Student Loan Program.

Additionally, applicants to the College of Medicine may apply for the Medical Professional Student Line of Credit at any Canadian Bank or financial institution for their studies at International American University.

We offer a number of scholarship programs to recognize outstanding performance of applicants in various fields. Scholarships are awarded to new incoming students and are credited to basic sciences tuition for semesters one through four of the accelerated track or one through five of the five-term basic sciences track.

Scholarships are competitive and funds are limited so eligible students are encouraged to apply as early as possible in the semester. Applicants may apply through the online scholarship application below and upload any required documentation through the online scholarship application. All applications and supporting documentation must be received at least thirty days prior to the start of classes.

Please note that there is no guarantee of a scholarship and the number of scholarships awarded per semester may vary. All scholarship decisions are final and are not open to appeal.

To apply for any of the scholarships listed below, please fill out and submit the online IAU Scholarship Application below.
Outstanding Academic Excellence Scholarship

  • Limited scholarships are awarded to students who have provided academic excellence.
  • A scholarship of up to $2,000 per semester covering all semesters of the Basic Sciences in the medical program will be awarded to those students with an undergraduate GPA of at least a 3.7 or higher. The scholarship does not include room, board, transportation, and educational supplies.
  • Students must meet Satisfactory Academic Progress and maintain a 3.0 each semester to continue eligibility.

Academic Excellence Scholarship

  • Limited scholarships are awarded to students who have provided academic excellence.
  • A scholarship of up to $1,500 per semester covering all semesters of the Basic Sciences in the medical program will be awarded to those students with an undergraduate GPA of at least a 3.3 or higher. The scholarship does not include room, board, transportation, and educational supplies.
  • Students must meet Satisfactory Academic Progress and maintain a 3.0 each semester to continue eligibility.

MCAT Scholarship

  • Limited scholarships are awarded to students who have recently completed their MCAT’s with a minimum score of 25/500.
  • The scholarship amount will be awarded on a case-by-case basis using factors such as financial need and persistence to complete the program as judged by the Scholarship Committee. Official proof of completion of  MCAT’s that shows the date, time, place, score, and official seal must be uploaded with your online application to be considered. The scholarship does not include room, board, transportation, and educational supplies.
  • Students must meet Satisfactory Academic Progress and maintain a 3.0 each semester to continue eligibility.

U.S. Military Veterans Scholarship

  • A scholarship of $500 per semester covering the entire Basic Sciences of the medical program will be awarded to U.S. military veterans who have served in the U.S. Armed forces on active duty, either currently or with an honorable discharge. The scholarship does not include room, board, transportation, and educational supplies.
  • Students must meet Satisfactory Academic Progress each semester to continue eligibility.

Medical Professional Recognition Scholarship

  • A scholarship of $500 tuition credit per semester, covering all semesters of the Basic Sciences will be awarded to certified EMT’s, Paramedics, LVNs, and RN’s in the US or Canada. The scholarship does not include room, board, transportation, and educational supplies.
  • All applicants must submit an online scholarship application below and upload proof of current certification/licensure with your online application.
  • Students must meet Satisfactory Academic Progress each semester to continue eligibility.

Saint Lucian Tuition Scholarship

  • A limited number of Saint Lucian Tuition Scholarships are available only to Saint Lucian citizens currently enrolled in the MD program. One 100% tuition scholarship is available each semester which is awarded on a first come, first-served basis. All other enrolled Saint Lucian citizens may qualify for a 50% tuition reduction.
  • The scholarship does not cover room, board, transportation, or education supplies.
  • Students must meet Satisfactory Academic Progress each semester to continue eligibility.
  • IAU cannot guarantee clinical placement in the United States and applicants are subject to US Immigration laws if they wish to complete rotations in the United States.

CARICOM Tuition Reduction Scholarship

  • IAU is pleased to promote the career ambitions of students from CARICOM member states and associate member states by offering a special tuition scholarship (http://caricom.org/).
  • All applicants must upload copies of their passport, birth paper, and proof of current address along with their online application .
  • Applicants who have taken college-level coursework in the US or Canada are ineligible for this scholarship.
  • CARICOM citizens who are accepted will receive a 30% reduction off their tuition cost. The tuition reduction scholarship does not include room, board, transportation, or educational supplies.
  • The tuition reduction scholarship will cover the four terms of the Pre-Medical Program or the four terms of Basic Sciences only.

African Student Tuition Reduction Scholarship

  • IAU is pleased to promote the career ambitions of students from African countries by offering a special tuition scholarship.
  • All applicants must upload copies of their passport, birth paper, and proof of current address with their online application.
  • The tuition reduction scholarship will cover the four terms of the Pre-Medical Program or the four terms of Basic Sciences only.

Available spring 2016

A new funding option for parents

The Sallie Mae Parent LoanSM gives parents and other individuals a flexible way to take out an education loan in their name — while relieving the student of financial responsibility. The loan, which features competitive interest rates, no up-front fees, and a choice of repayment options, can cover 100% of school-approved costs. Download more information or check SallieMae.com.