Scholarships & Loans
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Scholarships
10 Year anniversary scholarships
The University of Liverpool and Laureate Online Education partnership - the largest provider of online degrees in Europe - will mark a 10 year milestone of its online programmes. To commemorate this occasion, the University of Liverpool is introducing 10 scholarships, worth up to £20,000 each, funded by its online learning partner, Laureate Online Education.
Eligibility criteria
Scholarships will be applicable for Bachelor degree holders graduated with honors or merit or to any individual able to articulate the benefits or recognizable impact upon their community. Each applicant will also need to meet the entry criteria defined in the admissions requirements section of the Laureate website at uol.ohecampus.com. Scholarships are currently only available for Masters programmes and exclude the DBA. All scholarships must start before April 2011.
Please Note: to be eligible for one of our ten scholarships you must be a current student actively studying a University of Liverpool programme.
How to apply
All applicants will need to submit a written proposal (in English, not exceeding 3000 words) to Laureate Online Education outlining how a scholarship would benefit them as an individual, and also the community in which they live. To support their proposal, each written application will need to be supported by an endorsement letter from the employer, or an upstanding member of the community, supporting their claim, and supporting documentation for their eligibility for the programme.
All proposals will need to be sent to the following address:
Laureate Online Education B.V
De Entrée 59 - 67
1101BH Amsterdam Z.O
The Netherlands
Scholarships
The Scholarship is applicable for a 100% online degree and will cover all Health, IT, Management, and Law Masters programmes.
Application deadlines
All proposals will need to be received in writing by 1st November and all successful candidates will be announced at the 2010 winter graduation. Successful individuals will be informed directly by Laureate Online Education before 1st January. During the proposal process Laureate will not be in a position to discuss or offer feedback on the status of the scholarship until the review panel has made its final decision.
For more information please contact scholarships@ohecampus.com
Loans
For some specific countries we have been able to provide additional information specific to your country regarding loans and scholarships available to you while studying with Laureate Online Education.
Please click on your particular country - if listed.
Canada
Introduction
Depending on the degree you're pursuing, you're likely to be facing higher tuition fees and costlier course materials than other students. However, when you graduate, your new skills will be sought after - and your earning potential will reflect that fact.
That's why the Royal Bank of Canada created the Royal Credit Line for Students - Professional Designation. In recognition both of your needs and your potential, it offers you a significantly higher credit limit, usually without the requirement for a co-signor.
This Professional Designation credit line is appropriate for students studying on our MBA programme. Those on our MSc programmes may apply for the Royal Credit Line for Students; see the RBC Site for more details.
Loan amount
Depending on your degree, you can qualify for a credit limit of $55,000 to $150,000 (Canadian dollars).
Rates
Plus it features a very attractive interest rate of Prime Rate + 1%.
Fees
There's No Charge Unless You Use It:
There's no cost when the Royal Bank of Canada sets up your Royal Credit Line for Students - Professional Designation, and no cost until you use it. You only pay interest on the amount you actually borrow.
This may vary depending on your status and that of your co-signer (if relevant) and the particular lender.
Repayment and deferment
As long as you're a full or part-time student, the only requirement is that you pay the interest owing each month. Remember, if you haven't used any of your credit, there's nothing to pay.
After you graduate, you will have another 12 months before being required to repay any of the principal you've borrowed. Royal Bank of Canada can set up a fixed payment schedule to help you repay your loan as quickly and conveniently as possible.
Application procedure
To apply for your Royal Credit Line, you will need:
Confirmation that you are enrolled at a Canadian post-secondary or an accepted educational institution outside of Canada and pursuing one of the qualifying degrees
An estimate of your education costs (including tuition, supplies, fees, accommodations, food, travel, etc.)
A list of your financial resources (including savings, bursaries, summer employment, etc.)
For more information please go to:
www.rbcroyalbank.com/products
Germany
Education Funds - Bildungsfonds
Introduction:
The University of Liverpool/Laureate Online Education has partnered with CareerConcept AG to offer current and potential students of German, Austrian, or Swiss nationality a great financing opportunity - the Education Fund (Bildungsfonds). The Education Fund provides qualifying students with the possibility of financing up to 100% of their tuition fees and is applicable for all our current Masters programmes.
This financing option provides a great advantage: There are no fixed payment amounts or interest rates. Your repayment doesn't begin until you have finished your studies and are in employment. And the amount you pay each month is based on a percentage of your salary.
Application Criteria:
To apply for funding through Career Concept AG for the Bildungsfonds, you should:
- Be of German, Austrian or Swiss nationality;
- Be able to speak and understand either German or English;
- Have good academic records;
- Be either attending, or accepted onto, a programme from a respected University (such as the University of Liverpool/Laureate Online Education programmes);
- Have completed and returned an Online Assessment, which will take 1 hour or less and can be completed at home.
Note that the above are prerequisites for applying to the Bildungsfonds, however every application will be individually assessed through a multi-level selection process. You will hear from the Bildungsfonds in approximately 2-3 weeks from the date they receive your completed materials.
Repayment:
Repayment is income-dependent, and will begin only after (1) you have completed your studies and (2) you are in employment. You may choose to repay either:
A high percentage of your salary over a shorter time period; or
A low percentage of your salary over a longer period of time.
For more information, please go to www.bildungsfonds.de; or you may apply directly by downloading, printing and filling out this Application and returning it to:
CareerConcept AG
Bewerbung Bildungsfonds-Finanzierung
Schellingstrasse 35
80799 München
Deutschland
bewerbung@bildungsfonds.de
German funding and scholarships
Possible sources of funding include:
www.bafoeg.bmbf.de
Although www.bafoeg.bmbf.de is directed more towards undergraduate study, it could very well be worth your contacting them, as there are many exceptions and special programmes on offer.
Please note that funding available under http://www.bildungskredit.de is only available for full-time programmes.
Netherlands
Fortis Bank loan for Laureate Online Education B.V. students
Fortis Bank (Nederland) N.V.'s usual customer acceptance criteria and terms and conditions for credit facilities apply.
Applications are open to permanent residents of the Netherlands
If you are interested in this special package you should contact:
De heer Joris van Dijk
Fortis Bank
Bijlmerplein 207
1102 DD Amsterdam Z-O
tel: 020-6911588
fax:020-6914049
UK
Sources of funding
For information on financial assistance to support your learning please visit www.direct.gov.uk/adultlearning, or contact 0800 100 900.
HSBC
If the options available from the above source are not for you, you may want to contact a UK bank for an alternative loan.
HSBC Postgraduate/Professional Studies Loan
This is a loan to help you cover postgraduate and professional studies. To apply for your HSBC Professional Studies Loan, you will need:
- To arrange an appointment at your local branch whether or not you hold a current account with HSBC. If you are not an HSBC current account holder, you will need to provide photo ID and confirmation of your current address.
- Confirmation that you are enrolled at an accepted educational institution (such as the University of Liverpool/Laureate Online Education programmes) and pursuing a qualifying degree.
- Proof of your education costs (including tuition, supplies, etc.).
- Acceptance is based on credit criteria.
US
The University of Liverpool/Laureate Online Education have partnered with Sallie Mae to offer U.S. students affordable options for financing an online education abroad.
To qualify for this loan scheme:
- You must be a U.S. Student accepted by, or enroling on, the University of Liverpool/Laureate Online Education programmes;
- You must have a valid Social Security number;
- If you reside within the U.S., you may qualify on your own; however,
American students who live outside the U.S. must have a credit-worthy, U.S.-based co-signer for this loan.
Flexible repayment terms are available.
To apply directly, please go to Smart Option Student Loan and note that the school identifier is 'UNIVERSITY OF LIVERPOOL ONLINE 925042-00'.
Applying will take approximately 20 minutes. Within the U.S., you may also apply by phone: 1-800-695-3317.
To find out more about Sallie Mae loans, please go to www.salliemae.com. See 'Apply for a loan' on the home page.
For General Information from Sallie Mae, you may call 888-272-5543 or fax 800-848-1949 within the U.S. Outside the U.S., call 001-888-272-5543.
NOTE: This information is not applicable for the Sallie Mae Federal Stafford Loan.
General scholarships
Before you decide on how you are going to fund your studies you may want to look at the possibility of a scholarship or grant. Any scholarship opportunity that you find will be very dependant on your personal circumstances. We have therefore listed several avenues of possible funding that you may want to investigate and pursue yourself. Please bear in mind that scholarship opportunities should be applied for early. It may not be wise to wait until a couple months before the start of your studies as some scholarships may take a long time to process.
If you know of any other scholarships that could be relevant to other students please contact finance@ohecampus.com.
Disclaimer
Because the rules and regulations of individual funding organisations may change without our knowledge, Laureate Online Education is not responsible for the validity of the information contained on these pages. We do, however, update these entries consistently in an effort to provide better guidelines for our students who are looking for funding options.
This web site contains links to third party sites on the Internet. Laureate Online Education is not responsible for the content of these external sites.
Laureate Online Education is not liable to the student or any other party for any form of damages, costs or claims whatsoever and Laureate does not guarantee any refund or acceptance by the authorities or organisations named on this site.
Our Enrolment Advisors can contact you to answer any queries and to help start your application
