US Loan Program Available to US Citizens Wanting to Study at AIM

The Asian Institute of Management (AIM) is certified by the U.S. Department of Education to participate in student financial assistance programs authorized by Title IV of the Higher Education Act of 1965. As a foreign school, AIM is eligible to participate in the Federal Family Educational Loan Program (FFEL). Prospective AIM students from the U.S. can use this fund to avail of a quality management education in AIM.

The available loan programs are the following:

1. Subsidized direct or FFEL Stafford Loan - US Department of Education pays interest while borrower is in school and during grace and deferment periods; student must have financial needs.
2. Unsubsidized direct or FFEL Stafford Loan - Borrower is responsible for the interest during life of the loan; financial need is not a requirement.
3. Direct or FFEL Plus Loan - available to parent of dependent undergraduate students and graduate and professional students enrolled at least half-time. Financial need is not a requirement. PLUS Loans are unsubsidized. Borrower is responsible for the interest during life of the loan.
   

For direct and FFEL Stafford Loans, the repayment period varies from 10 to 25 years.

On top of the AIM's admissions procedures, the applicant must be able to comply with the basic eligibility requirements of the U.S. Federal Loan as cited in www.FAFSA.ed.gov.