Wednesday, January 16, 2008

Financing: Scholarship and Loan Information

Found the following on Queen's FAQ site:

FEES & FINANCING QUESTIONS
Q: How much does the program cost?

A: The program fee for the Class of 2009 is $58,000(CAD) for domestic students and $63,000 (CAD) for international students. This fee includes tuition, books,
cases, learning materials, photocopying, printing, and other program-related expenses (such as participating in case competitions and conferences).

Q: What is an estimated cost of living for a student in Kingston?

A: CAD $27,000.

Q: What financing options are available to me?A: Queen's School of Business and RBC Financial Group have teamed up to offer qualified Canadian citizens and permanent residents a tuition loan plan which allows you to borrow your full tuition fee and an additional CAD $15,000 for living expenses. Queen's covers the interest costs on the entire loan while you are in the program. Your personal RBC banker will work with you to establish a manageable repayment schedule. You have a maximum of ten (10) years to re-pay the loan. Please see the full details. Foreign residents and nationals should consult the numerous financing options.

Q: Are scholarships available?

A: Yes. Scholarships are awarded on merit. We look at a candidate’s GMAT score, GPA, and work experience equally in determining who will receive a scholarship. For the Class of 2007, the value of scholarships ranged from CAD $5,000 - $30,000. Separate applications are not required; all candidates who receive an offer of admission from Queen’s will be considered for a scholarship. Scholarship decisions are typically communicated within a month of the final application deadline.

So, some scholarships are available. The real question is do I "merit" one? I hope so.

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