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Financial Aid

Alternatives for participants at INCAE’s MAE, MBA, and MIAM Programs

Discounts

Funding por Other Sources of Funding

Agreements

Alternatives available to participants at Executive MBA Programs (EMBA)

Funding

  • United States Department of Education

Discounts

  • Financial Discount Policy for Early Payment
  • Discount Policy for Early Payment
  • Volume Discount
  • Discount for Married Students / Siblings
  • Discount for Spouses / Children of INCAE Graduates

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Japan-IDB Scholarship Program

The Inter-American Development Bank, with funding from the Government of Japan, has established a scholarship program for students from the Bank's borrowing member countries who wish to pursue Master's degree in development-related fields, such as Social Sciences, Business, Public Administration or other development-related technical disciplines (except law and medicine). Scholarship recipients may attend accredited Institutions offering Master's Programs, located in any of the member countries.

For more information please review the Programs web page: http://www.iadb.org/int/jps/main.asp

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FMECA Scholarship (Foundation for Management Education in Central America)

INCAE has a fund to provide partial support to candidates with a record of academic excellence and demonstrating a need for financial support to cover the costs of participating in the MBA Program. Fifty per cent of the amount assigned to these students is seen as a scholarship and the remainder is considered funding. This latter funding percentage must be reimbursed after graduation, in order to assist new generations of INCAE alumni.

Once admitted into the Program, applicants to this type of funding must complete the following Scholarship Form and submit it to the INCAE office in their countries.

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Honor Fund

The Honor Fund aims at encouraging the academic and professional development of participants at INCAE’s Regular MBA Programs who have been outstanding undergraduate students and who require partial funding to complete their MBA Program.

In order to support future students, beneficiaries of the Honor Fund must reimburse the amount they received upon completing their MBA Program. To do so, they must sign a formal agreement with INCAE (Letter of Commitment) as well as a promissory note or a similar legal document prior to receiving the funds.

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Pellas Scholarship

As a result of an initiative by businessman Carlos Pellas, INCAE has a fund to provide partial assistance through a scholarship / funding scheme to Central American students admitted to the Intensive MBA Program starting every February in Nicaragua.

Candidates are required to have an academic excellence record and a need for funding to cover the costs of participating in the Program. Once admitted into the Program, applicants can ask for and complete the Scholarship Form and submit it to the INCAE office in their countries.

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OAS and LASPAU Scholarships

Through an agreement between INCAE, LASPAU, and the Organization of American States (OAS), these organizations can provide full scholarships to outstanding Latin American students willing to study at INCAE. Further information is available at OAS Web site http://www.educoas.org/

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Lindenberg-Quant Scholarship for Sustainable Development

The Lindenberg-Quant Scholarship provides financial support to students in the Intensive MBA Program starting every February at INCAE’s campus in Nicaragua, who are committed to striving to solve social issues, poverty, and environmental damage in Latin America.

This scholarship aims at promoting the development of future sustainable development leaders in the region. It is a memorial to Marc Lindenberg (1945-2002) who devoted his life to human development and served as Rector of INCAE, Vice-President for Operations of CARE, and Dean of the Evans School of Public Policy at the University of Washington. It also aims to recognize the long, outstanding career of Róger Quant in mobilizing resources for social action at INCAE as well as at civic and government organizations.

It constits of a US$3,000 (three thousand dolars) scholarship that will be given to the candidate who best accomplishes the required profile. Those interested must submit the following requirements:

  1. An essay of no more than 1,200 words on the reason he or she deserves the scholarship. This essay must describe past accomplishments and future professional goals related to susteinable development.
  2. A curriculum vitae that demonstrates experience or interest in susteinable development.
  3. A financial needs declaration (for applicants with similar califications, students with demonstrated financial needs will have priority).

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Other Scholarships

International organizations such as DEA, The World Bank, GTZ, the FORD Foundation, the McArthur Foundation, NORAD, and so on offer scholarships for graduate programs. Further information can be secured from Foreign Relations Ministries in different countries.

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Financial Discount Policy for Early Payment

Students from full-time and executive Masters Programs can be given discounts in the following cases:

Discount Policy for Early Payment

a. Individual students or companies willing to pay in advance:

  • Fifty per cent of the program cost. In this case, a 4% discount will be given on half the total cost of the Masters Program.
  • The full cost of the program. A 5.5% discount will be given on the total cost of the Masters Program.

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Volume Discount

b. The following discounts on tuition costs will be given to companies willing to pay for more than one student:

  • Two participants:                   5.5% discount per participant
  • Three participants:                 8.0% discount per participant
  • Four participants:                  11.0% discount per participant
  • Five or more participants:    15.0% discount per participant

c. For companies paying for several employees and also covering the cost for the year or the entire program in advance, the only discount applicable will be the one indicated in a. above.

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Discount for Married Students / Siblings

d. Married couples and pairs of siblings studying simultaneously at one of INCAE’s Masters Programs can apply for an 11%-discount on total tuition amount for the entire program for one of them. This benefit adds to savings in lodging costs for married students.

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Discount for Spouses / Children of INCAE Graduates

e. Spouses and children of INCAE graduates will be given a discount equal to 10% of the tuition fee for their MBA program. This discount is only applicable to Active Graduates from INCAE’s MBA Programs (both regular and executive MBA), as long as spouses / relatives depend on the graduate.

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United States Department of Education

INCAE students who are citizens or residents of the United States can apply to this funding line. For further information go to http://www.aessuccess.org/

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ICETEX:

INCAE will grant a scholarship equal to 25% of the program’s academic costs.

INCAE will launch a scholarship program to operate as follows:

  1. Colombian students interested in participating in INCAE’s full-time MBA programs offered in Costa Rica and Nicaragua must apply for admission by following INCAE’s standard procedure and must also meet all established requirements. Up to 20 scholarships per year will be assigned to beneficiaries under this agreement.
  1. Students admitted at INCAE will receive a scholarship under the following conditions:
    • INCAE will grant them a scholarship covering 25% of total program value only on the academic costs of the 2-year program. This amount will be distributed proportionally on the four payment periods, until 2010. Individual students must secure other sources of funds to meet any additional funding requirement to cover the entire cost of the Program.

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Colfuturo:

INCAE will grant a scholarship equal to 20% of tuition fee for the program.

  1. Students in Colombia who are interested in participating in the Program must follow all standard admission procedures required by INCAE, including those related to mastering English.
  2. The students will unconditionally accept INCAE sending scholarship-funding applications to COLFUTURO, in line with established procedures and usual requirements of COLFUTURO.
  3. The students admitted to the full-time INCAE Masters Program and selected to participate in a COLFUTURO scholarship-funding plan will be eligible to apply for funding under this agreement.
  4. INCAE will grant a 25% scholarship on its tuition fee to all eligible students for the life of the MBA program (two years.) This agreement will be proportionally applicable in each academic term.
  5. COLFUTURO will supply the remainder of academic costs, as well as an amount for living expenses in line with established standards, for up to US$25,000 per year for no longer than two years. The students must find another source of funds to meet any additional funding requirement to cover the entire cost of the Program.

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Superintendencia de Banca, Seguros y Fondo de Pensiones (Perú):

INCAE will grant partial scholarships for up to 30% of annual tuition fee, in addition to preferential admission, to the best students proposed by the Superintendencia.

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Zamorano:

INCAE will grant four partial scholarships equal to 50% of annual tuition fee for the best students recommended by El Zamorano. Two of these scholarships will be given to participants in the Masters Program beginning in February and the other two to participants in the Masters Program beginning in August.

These students must have different nationalities and they must be recommended by the Rector of the university.

Students meeting the following requirements will participate in the Preferential Admission process:

  1. Positioned in the upper 25% of their class.
  2. A minimum institutional TOEFL score of 500 at Zamorano.
  3. Recommended by the Zamorano Dean.

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Universidad Francisco Marroquín

INCAE will grant a scholarship equal to 25% of tuition fee to alumni of Universidad Francisco Marroquín, as long as they are recommended by the Rector.

INCAE will offer two exclusive informational lectures about its Masters Programs to UFM students and alumni. In addition, it will give a 25% discount on its two-year tuition fee to candidates proposed by UFM faculty and UFM economics and business graduates positioned at the top 20% of their class.

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Universidad de las Américas, Puebla México

INCAE will grant a scholarship equal to 20% of tuition fee to alumni of Universidad de las Américas, Puebla México, as long as they are recommended by the Rector. The number of scholarships to be granted will depend on resources available to INCAE.

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Universidad Externado de Colombia

INCAE will grant scholarships for up to 30% of annual tuition fee to candidates as long as they are recommended by the Rector. The number of scholarships to be granted will depend on resources available to INCAE.

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Universidad San Pedro Sula

INCAE will grant partial scholarships of up to 25% of annual tuition fee to the best three students. These must be recommended by the Rector.

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Universidad de Pacífico Chile

INCAE will grant a scholarship equal to 30% of tuition fee to alumni of Universidad del Pacífico Chile, as long as they are recommended by the Rector.

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Universidad Católica “Nuestra Señora de la Asunción” Paraguay

INCAE will provide partial scholarships for up to 40% of academic costs, as resources permit, to two students positioned in the upper 10% of the class as long as they are recommended by the Rector. The number of scholarships to be granted will depend on resources available to INCAE.

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Universidad Tecnológica del Salvador

INCAE will grant partial scholarships of up to 20% of annual tuition fee for the best students of the university proposed by the Area Director or the Rector. The number of scholarships and resources assigned will depend on the resources available to INCAE.

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Universidad de Don Bosco de El Salvador

INCAE will offer scholarships covering up to 45% of academic costs, based on the admission exam.

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Universidad Columbia del Paraguay

INCAE will offer scholarships covering up to 40% of academic costs, based on the admission exam.

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Scholarships and funding for Executive MBA Programs (EMBA)

Funding:

United States Department of Education

INCAE students who are citizens or residents of the United States can apply to this funding line. For further information go to http://www.aessuccess.org/

Discounts:

Financial Discount Policy for Early Payment

Students can be given discounts in the following cases:

Discount Policy for Early Payment

a. Individual students or companies willing to pay in advance:

  • Fifty per cent of the program cost. In this case, a 4% discount will be given on half the total cost of the Masters Program.
  • The full cost of the program. A 5.5% discount will be given on the total cost of the Masters Program.

Volume Discount

b. The following discounts on tuition costs will be given to companies willing to pay for more than one student:

  • Two participants:                               5.5% discount per participant
  • Three participants:                             8.0% discount per participant
  • Four participants:                             11.0% discount per participant
  • Five or more participants:               15.0% discount per participant

c. For companies paying for several employees and also covering the cost for the year or the entire program in advance, the only discount applicable will be the one indicated in a. above

Discount for Married Students / Siblings

d. In the case of married couples and pairs of siblings studying at INCAE, one of them will be given an 11%-discount on total tuition amount for the entire program. This benefit adds to savings in lodging costs.

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Calendar and News

  • Next graduation dates
    • MBA Nic, May 31st, 2008
    • MBA CR, May 24th, 2008
  • Classes start
    • MBA (22 months, English): August 2008
    • MBA (22 months, Spanish): August 2008
    • MIAM: July 18th, 2008
    • International EMBA: June 2008
    • EMBA Perú: October 2008
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