IMD MBA Class of 2016 Financial Aid Application

l This

application serves for all IMD administered loans and some scholarships
can apply for more than one scholarship with one single form
l Please send this application together with the supporting documents to mbafinance@imd.org.
l Supporting documents are :
l Proof of Salary including a letter from your Employer or Current Salary Slip
l Latest Tax Return
l Latest Statements for ALL your bank accounts of past 6 months
l Applicants

Family name:

First name:

WHAT ARE YOU APPLYING FOR? (if you are applying for a scholarship and a loan, please check both)
Scholarship

IMD MBA Future Leaders Scholarship Van Oord Scholarship

IMD MBA Alumni Scholarship
Jim Ellert Scholarship
Nestl Scholarship for Women
Stewart Hamilton Scholarship

Loan administered by the IMD Alumni Loan Committee (ALC) and the IMD ALC selected bank
Loan Amount Requested

(CHF)

THE GENERAL CONDITIONS FOR A SWISS BANK LOAN ARE AS FOLLOWS:

l The

information provided in this document may be reviewed by: the IMD MBA finance and scholarship comm
Loan Committee (ALC), the awarding Swiss bank.
l The bank awarding the loan is selected by IMD, not the participant.
l IMD has negotiated a variable interest rate with the Banks. Interest rates are set in January of each year peg
Interbank rate. As an indication last years interest rate was set at 5.00%.
l There

is a quarterly 0.25% bank commission charge for the duration of the loan.
payment terms are as follows:
CHF 15000.- 3 weeks after offer
CHF 15000.- 31 October (if you are offered a place after 31st October, this amount must be paid together wi
CHF 40000.- 28 February
CHF 15000.- 30 April
l IMD Loans are disbursed in February. The installment of CHF 15000.- due at the end of October CANNOT be
loan. Loan amounts are paid directly to IMD by the awarding banks. Surplus payments are refunded to your
in February.
l account
Loan repayments begin after a grace period of six months following graduation and will continue on a quart
years.
l IMDs

l We

request that 50% of your sign-on bonus should be applied to repay your loan.
are NO early repayment penalties.
l The loan repayment schedule is fixed and may not be renegotiated with the banks.
l The IMD MBA finance committee as well as the ALC work together with the awarding bank if difficulties arise
Should payment difficulties require IMDs intervention, a Chf 300.- administration fee is levied.
l IMD reserves the right to suspend alumni status in the event of non-payment of loans
l It is the applicants responsibility to immediately notify IMD and the awarding bank of any changes of addre
l Applicants may apply to several scholarships simultaneously but only one scholarship can be awarded
l There

SIGNATURE: I hereby state that all the information in this application for financial assistance is correct to the
knowledge. I understand that this application form will be submitted to the IMD Finance Committee and tha
be final. Should this application be unsuccessful, I understand that there is no obligation for the IMD Financ
outline the reason for rejection.

Signature

Date

ation

e check both)
Staton Scholarship
MBA Class Scholarship
for
Emerging Markets

holarship committees, the Alumni

f each year pegged to a 4 year

aid together with the Deposit)

ber CANNOT be paid with the IMD

funded to your Swiss bank

nue on a quarterly basis for three

difficulties arise with repayments.

d.

anges of address.
awarded

s correct to the best of my

mmittee and that their decision will
the IMD Finance Committee to
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PERSONAL DETAILS
Current Physical Address

Permanent Address
(for contact after MBA eg (Relative or Friend)

Country
Phone
Email Address
Citizenship
Date of Birth

Country
Phone

(list all)
(dd mm yy)

Will your family accompany

you to Lausanne

Yes

No

Number of Children
Age of Children

EMPLOYMENT SUMMARYYears of full-time work experience at start of program

Last Employer
Position Held
Country

Date from
to
Ending Salary
Starting Salary
Currency

Briefly tell us why you are applying for financial assistance

The IMD finance committee has limited funds to work with and therefore award loans to those
with no alternatives for funding their MBA. Briefly outline the alternative sources of funding you
have attempted to secure giving reasons why you were unsuccessful.

Is there anything additional you would like to tell us regarding this application?

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00

Assets
Property
Primary Residence
Other Property
Bank Accounts
Checking
Savings
Other
Other

Please provide statements for all bank

account. Statements should reflect all
transactions for the past 6 months.
-

Investments
Share Portfolio
Please specify
Please specify

Stocks, Mutual funds, bonds retirement accounts

Other
-

Income
Salary from now to start of program
Anticipated Bonuses to be received
Income during program
Spouse Income during program
Income from Investments
Income from sale of Assets
Furniture
Cars
Others
Non IMD Loans and Scholarships

Please specify
Please specify
Please specify

Please specify
-

Expenses from now to start of program

Mortgage / Rent
Living Expenses
Credit Cards
Other Indebtedness
Other Indebtedness

Please specify
Please specify
-

Expenses during program

Tuition and Fees (excluding deposit)
Rent
Health Insurance
Living Expenses
Other essential Expenses
Other essential Expenses

70,000

70,000

85'000 less 15'000 deposit already paid

Please specify address of apartment
reserved
Please specify
Please specify
Please specify
Please specify

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