Financial Aid for U.S. Citizens and Permanent Residents
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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
Program Structure for U.S. Citizens and Permanent Residents
- Study for 11 months at the University in Fairfield, Iowa
- Optional 8 months practical training at a U.S. company as part of your program
- Receive academic credit for your training
- Typically receive $65,000 to $75,000 per year compensation from the company
- One course via Distance Education if needed
- Use low interest, long term federal student loans, including cash for expenses while in Fairfield, Iowa
The program cost varies slightly depending on entry date and the academic progress for each student: August entry combines two semesters using federal student loans (see cost per semester below) plus an optional four week summer course ($840 cash) or curricular practical training during employment (no cost) and some students may need a Distance Education course ($1,800 from work earnings). February entry combines two semesters (see cost per semester below) plus nine week summer term using federal student loans. Some students may also need optional curricular practical training during employment (no cost) or a distance education course ($1,800 from work earnings).
University Charges Per Semester
Tuition and Fees
Housing (single room) & meals
Need Based Scholarship
Federal Student Loans
Your Cash Payment
- An additional $3,400 per semester is available in federal student loans towards your books, travel, and personal expenses.
What is the total program cost?
The program cost may vary depending on academic progress and various options. Most students generally have this cost, after scholarship:
$22,280 Federal Student Loan
Tuition and Fees (two semesters)
$7,400 Federal Student Loan
Housing and Meals (two semesters)
$1,890 Feb entry Federal Student Loan or $890 August entry cash
$1,800 Earnings from employment
Distance Education Course (for some students)
$33,379 August Entry, $32,840 February Entry ($1,800 less if no Distance Education)
Total Program Cost
$6,800 Federal Student Loan
Optional Additional student cash for books, transportation, and personal expenses
How do I receive the scholarship?
File the Free Application for Federal Student Aid (FAFSA) as soon as possible, using our school code of 011113. The scholarship is based on financial need and will be automatically packaged into your award based on the FAFSA results. USA Citizens and Permanent Residents also receive a scholarship covering the cost of the University's Transcendental Meditation course.
If you are married and your spouse is working, or if you have substantial savings, you may not qualify for the scholarship.
How can I qualify for Federal Student Loans?
The application for the FAFSA is the first step. The largest portion of the federal student loan is guaranteed. The remaining portion only requires that there is no adverse credit, for example, no history of late payments, or an endorser would be required. Most of our USA MS CS students qualify for the entire program cost to be covered, except the optional four week summer course for the August entry ($840), and except for any distance education courses ($1800) which can be paid from work earnings.
How do I know I can repay loans?
Most of our graduate students are placed in jobs with incomes sufficient to comfortably repay federal student loans. If necessary, there are also postponement options for unemployment, and long term repayment options to diminish the monthly payment, as well as income based repayment options.
What if I want to live off campus while in Fairfield, Iowa?
The $7,400 Federal Student Loan for housing and meals may be used for dorm housing and meals on campus or for off campus housing and meals. The quantity of Federal Student Loan is the same either way. Students who live on campus are required to pay for meals on campus. Students who live off campus may purchase their own meals. On campus housing and meals is usually preferable due to the convenience during these ten months.