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Need-Based Aid for International Students
Federal regulations and University policy severely limit the types of financial assistance available to international students. University admissions policy requires that international students (those with F-1, F-2, J-1, J-2; and G series visas) have enough resources to meet their expenses throughout their stay at the University; students with these visas are not eligible for federal student aid. Please see the information at right to determine if you may qualify to apply for financial aid programs.
The University of Michigan International Student Loan Program (Short-Term Loan for Emergencies)
This is a short-term, low-interest loan for international students currently enrolled full-time at the University of Michigan. It should be used as a last resort to provide some funding while a student looks for a long-range solution to meeting educational costs. Because this is a loan program and the funds must be repaid, the long-range solution must include identifying sources of funds to repay the loan.
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Sponsor and How to Apply |
- Sponsor: University of Michigan Office of Financial Aid (OFA).
- How to apply: Contact OFA to complete an International Student Loan application and attach all documentation requested. Documentation includes a budget sheet, proof of emergency, and demonstrated ability to meet the majority of attendance costs.
- Students will be notified in a timely manner of their eligibility for the loan, usually within one week after submitting the application.
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Eligible Borrower and Loan Amount |
- Must be an international student attending the University of Michigan-Ann Arbor full-time (12 credit hours per term for undergraduates; 8 hours per term for graduate students)
- Must be making satisfactory academic progress
- Must experience an unanticipated financial crisis during the period in which the loan is requested. Documentation of the crisis is not required. An unanticipated financial crisis does NOT include: increase in tuition, increase in need because of change in family size, or increase in living costs because of inflation.
- Must document ability to meet the majority of attendance costs
- The amount of the loan will be determined by the need of the student, but in no case can it exceed $1,500.
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| Loan Terms, Interest Rates, and Repayment Terms |
- An annual interest rate of 3% will accrue on the loan beginning on the day the student receives the loan and ending when the loan has been paid in full.
- The repayment date of all loans originating in the Fall/Winter terms will be negotiated with the student, but it will not be extended beyond August 1 of the academic year in which the Loan originates; loans originating during Spring/Summer terms must be repaid by December 1.
- Students can receive only one International Student Loan per academic year.
- Students must not have outstanding University Loans in excess of $2,500 (this includes any combination of Emergency Loans, University Loans, and International Loans).
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Other Possible Funding Sources
Long-Term Loan Option: An international student MAY be eligible for the alternative long-term CitiAssist Loan for University of Michigan domestic students, if the student has a creditworthy co-signer who is a U.S. citizen or permanent resident. Contact the Office of Financial Aid for more information.
For more information concerning financial aid and private scholarships for international students, we suggest that you contact:The U.S. Information Service
If you have already been admitted to the University, you should also contact your School/College or Department, and the University of Michigan International Center.
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