International students are considered for merit-based financial aid using the same criteria (for undergraduate students or for graduate students). Those students, who are neither U.S. citizens nor permanent residents, are not eligible for federal financial aid. Students, who have a U.S. citizen or eligible permanent resident as a co-applicant, may apply for a private loan to help bridge the gap between the student’s cost of attendance and the student’s family resources and financial aid package.
Definitions of Common Loan Terms
- Principal-The loan amount that must be repaid once the loan enters Repayment Status and the amount upon which interest will be charged.
- Interest-The charge made to a borrower for use of a lender’s money. See your promissory note for interest rate terms and conditions.
- In-School Deferment: The period of time when the student borrower is enrolled at least half-time at the Eastman School of Music and is not required to pay loan principal.
- In-Repayment: The period of time after the borrower has either finished their degree (graduated), dropped below half-time status, withdrawn from school, or taken a Leave of Absence during which the borrower is responsible to pay BOTH principal and interest payments on their loans.
- Forbearance: The temporary postponement of payments, such as allowing for an extension of time for making payments or accepting smaller payments than previously scheduled.
- Origination or Supplemental Fee: It will be included in the balance used to calculate interest charges.
- Servicing Company: The company that handles a student’s payments and loan account(s) after the loan(s) disburse to the student’s school account.
Financial Aid Appeal
If a family’s financial circumstances have changed drastically due to a parent’s/spouse’s unemployment, medical expenses, loss of personal funding (Social Security or Child Support), etc., then the student may petition for additional assistance.
International undergraduate students must complete the CSS PROFILE for International students and Financial Aid Appeal Form – International Students. Eastman’s CSS Code is 2224.
International graduate students should contact Eastman’s Office of Graduate Studies.