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Subject: ASIA-HELP LOANS NOW AVAILABLE: MATCHING FUNDS REDUCED
Please note: to be eligible for these loans you must receive funding from
the university. This can be a scholarship, tuition remission, on-campus
employment, department merit award.
ASIA-HELP STUDENT LOANS NOW AVAILABLE FOR 1999-00 ACADEMIC YEAR:
CAMPUS MATCHING FUNDS REQUIREMENT REDUCED BY 50%
IIE is pleased to announce Round Three of the Asian Students in
America Higher Education Loan Program (ASIA-HELP), a zero-interest
loan program for students from Korea, Indonesia, Malaysia and Thailand
who continue to have difficulty financing their U.S. education due to
economic instability in their home countries. Generously supported by
the Freeman Foundation, ASIA-HELP has already provided loans to
students at over 200 U.S. campuses since its inception in 1998. Loan
awards will range from $2,000-$5,000 and will available by the
beginning of the Spring 2000 semester to cover student expenses for
the 1999-2000 academic year.
Students cannot apply directly for ASIA-HELP loans but must be
nominated through the International Student Offices on their U.S. host
campuses. As in past rounds, the host campus is required to provide
matching funds for each student it nominates. This year, to encourage
wider participation, the campus matching funds requirement has been
reduced by 50%. Campuses must match at least half the loan amount
requested from ASIA-HELP, rather than 100% of the loan amount. For
example, if the student is requesting $4000 from ASIA-HELP, the campus
must provide an additional $2000 or more. Matching funds from the
host campus can be in the form of a tuition waiver, loan, a
fellowship, tuition deferral, or on-campus employment.
The amount of the ASIA-HELP loan request is determined by campuses in
consultation with student nominees and can be for either one or two
semesters. Applications must be submitted by December 1 with awards
announced by e-mail on December 6 and funding sent to the campus as
soon thereafter as the student returns the signed loan agreement.
Campuses may nominate up to 4 new students and 4 renewal students.
Previous ASIA-HELP awardees are eligible to be re-nominated if the
loan award they have previously received does not cover the Spring
2000 semester. Students must be planning to graduate no later than
2001. Repayment is required beginning one year after the student
graduates from the degree program in which he/she is enrolled at
present. Loan awards are not currently planned for the 2000-2001
academic year.
Through its ASIA-HELP web site (http://www.iie.org/pgms/asiahelp/),
IIE's will again utilize the on-line application procedure to
implement this program. The response to this innovation has been
extremely positive with many schools citing the convenience and
greater accessibility it offers, particularly to administrators and
nominated students who may not be currently on-campus. IIE assigns a
user id and unique password to each school which enables access to the
on-line application. Schools which did not participate in previous
rounds of ASIA-HELP may contact IIE by e-mail at [EMAIL PROTECTED] to
receive a user ID and password. Schools which participated previously
may use their existing user IDs and passwords to access the on-line
application.
For detailed information on student eligibility, application
procedures, and answers to frequently asked questions, see the
ASIA-HELP website at: www.iie.org/pgms/asiahelp/. You may also
contact the IIE/ASIA-HELP office by e-mail at: [EMAIL PROTECTED]
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