Frequently Asked Questions About Financial Aid (International Students)
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- International students: The financial aid package is very significant. Starting with the August 2016 entry, we will be awarding $1000 scholarships to applicants who score 90% or better on the quantitative section of the Graduate Record Exam (GRE) general test if taken within 3 years of the entry date. Please click here to learn about the GRE.
Aid for international students includes a very reasonable, easy to repay loan (see 2., 3., and 4. below). The loan is taken from a bank here in Fairfield, Iowa only after you receive your practical training internship. Because practical training salaries are typically US$65,000 - 75,000 per year, you should be able to comfortably repay your loan before graduation. See also international student program structure.
- U.S. students: Starting with the August 2016 entry, we will be awarding $1000 scholarships to applicants who score 90% or better on the quantitative section of the Graduate Record Exam (GRE) general test, if taken within 3 years of the entry date. Please click here to learn about the GRE.
The combined fees including tuition and on-campus room and board for the Computer Professionals Program (MSCS degree) total $35,269 to $37,909 depending on the entry track.
International students will need to pay the initial required payment (between $5000 and $7500, depending on qualifications determined during our academic review) while also bringing $2200 for personal expense money during time spent on-campus.
Otherwise, you can enroll and pay no money to start if you qualify for an Alternative Loan, which requires a co-signer who is a U.S. citizen or permanent resident. An Alternative Loan will cover all your expenses for the program, except travel. You will also get a $1,000 reduction in tuition if you pay the full program cost with this option.
If international student has no co-signer, you will be required to pay a modest amount upon enrollment. The amount required will depend on the level of financial aid for which you qualify. The balance of your program expenses is then paid through the Computer Professionals Loan:
Charter One (US citizen or permanent resident cosigner required)
Citizen Bank(US citizen or permanent resident cosigner required)
Discover(US citizen or permanent resident cosigner required)
Midwest One (MUM cosigns loans with the student)
Navient (Sallie Mae) (US citizen or permanent resident cosigner required)
Pentagon FCU(US citizen or permanent resident cosigner required)
Wells Fargo(US citizen or permanent resident cosigner required)
As you can see from the above list, MUM is the guarantor of a bank loan with a local bank. Please note: MUM receives no benefit or advantage from this arrangement and you may choose any lender you wish including lenders not on this historical list.
The amount international students will need to pay when you enter the program is based on the strength of your academic background including your GPA, the type and number of computer science courses you have taken, your GRE scores (if you have taken GRE), recommendations, and your work experience. We can make a final evaluation of your financial aid award only after you submit all your application materials.
Yes. However, you will not receive the $1,000 tuition reduction unless you finance 100% of your program expenses with the Alternative Loan. More Alternative Loan details.
No. The Computer Professionals Loan is not taken until you secure a curricular practical training internship that pays enough for you to live comfortably and make payments on your loan.
Currently the average starting salary for our students is $65,000 - $75,000 per year. Your earnings are yours to keep. You will be expected to repay your loan over the up to two years of your practical training. You must also pay your own living expenses while you work.
Loan payments begin the month after the loan is taken out. There are a maximum of 24 monthly payments expected. You may choose to repay the loan more quickly to save on interest. The loan must be paid in full before you graduate.
Your chances are excellent. We pre-select students for the program who we think will do well in the U.S. job market. If you have properly represented your background and skills, and if you have good communication abilities (written and spoken English), you will do well in today’s IT job market.
Each student brings a unique set of talents to the CPT internship market, so the ease of finding work varies from person to person. However, there are several factors working in your favor:
- Our students have earned recognition with employers for our program. Many hiring managers check with our Placement Office when new positions become available because of the excellent reports they receive about our students' performance at their companies.
- Students who are already working are given a financial incentive by the University to help get other students placed at their companies.
- You will be well-prepared for the curricular practical training internship market because of the cutting-edge content and practical nature of our courses, taught by faculty with workplace experience.
- Our students are available for shorter projects and find it easier to relocate than other IT professionals in the US.
- The practical training internship search workshop helps you increase your self-confidence and thus your ability to get a practical training internship. It prepares you for practical training internship interviews and improves your understanding of U.S. employers. We also assist you in developing a compelling resume through the use of a professional resume preparation service.
- When you search for a practical training internship, you will have career coaches who will monitor your progress and offer assistance and guidance.
We expect all our students to find a practical training internship with a U.S. employer. This is a necessary part of our degree program.
If a student returns home without completing practical training, the student may return to the program at a later time to complete the program requirements.
Yes. Starting with the August 2016 entry, we will be awarding $1000 scholarships to applicants who score 90% or better on the quantitative section of the Graduate Record Exam (GRE) general test. Please click here to learn about the GRE.