Admission to the CIS Program is based on the financial needs of the individual. Financial support from this program covers the educational expenses students are unable to cover through employment, savings, and family resources. Students participating in the program are eligible to receive CIS loans to cover educational expenses for up to four semesters of study at BYU Marriott. CIS participants must be committed to repay these loans and return to their home country upon graduation from the program. CIS students are not eligible for BYU Marriott loans. All other financial aid scholarships or support must be disclosed at time of CIS application and throughout the graduate program.
Living Expense Loans
CIS students are eligible to receive loans to cover the following expenses: tuition, book, health insurance, rent, food, and utilities. Loans are based on current market rates fixed at the time of loan initiation and will begin accruing six months after graduation; loans are to be repaid no later than ten years and six months after graduation from the program. Students participating in the CIS program must begin repayment of the full amount of the loan six months after graduation.
- CIS students are strongly encouraged to apply for and live in BYU on-campus housing. Since on-campus housing is limited, students should apply for housing six to twelve months prior to the start of the graduate program if possible.
- CIS loan amounts for housing will be based on current BYU Housing rates.
- Rent loan will not exceed BYU housing rates.
- Rent loan will cover utilities included in the monthly rent charge such as local phone, gas, water, sewer/refuse removal, and Cougar cable. For students living in BYU Housing, rent loan will not pay for any other expenses not previously listed.
- Students unable to receive BYU Housing accommodations will be eligible to borrow at the current BYU Housing rates to cover off-campus family housing expenses with the same restrictions mentioned above. In order to receive the loan amounts, the students will have to provide a copy of their off-campus rental agreement before the beginning of every September or anytime there is a change in the rental contract.
- Since rent money is a loan, we encourage students to get the most economical housing arrangements as possible.
- Rent loans are not provided during spring/summer terms (May–August).
- Students are responsible to apply for and make the necessary arrangements to receive BYU Family Housing by contacting the Campus Accommodations office at (801)422-2611 or visit the family housing website.
- CIS administrators will establish loan amounts to cover rent and other expenses as mentioned above.
- Students must notify CIS administrators of their housing arrangements upon admission to the graduate program.
- All rent loans will be transferred to the BYU student accounts. Rent for students living on campus will automatically be withdrawn by BYU housing. Off campus students are responsible to take funds from their student account to pay rent expense.
Students admitted to the program are eligible for living expense loans to cover food and other household expenses. Funding is determined by the number of the student’s children under the age of eighteen at the time of application. Students should use the following chart to determine their eligibility for monthly loan amounts based on financial need:
|Number of Children||Food Allowance|
- Food expense loans are to be used to cover food, cleaning supplies, and other household items. CIS food expenses loans are not to be used to cover any other personal expenses such as travel or credit card payments, nor should the funds be sent home.
- CIS administrators will establish the policy at the beginning of September for the two-year duration of the graduate program.
- CIS students will receive the food expense loan amount in their student accounts on or before the first day of every month from September to April for up to two years.
- CIS students are eligible to receive up to $110 a month of living expense loans to cover utilities expenses.
- Utility loans should pay for electricity and other utilities not covered by BYU Family Housing rates. Utility loans should not be used to cover personal expenses.
- CIS students will receive the utility expense loan amount in their student account on or before the first day of every month from September to April during the two years of the program.
- Students are responsible for any expenses exceeding the $110 a month limit.
- The tuition loan will cover up to four semesters (fall and winter semesters only).
- Students must register for at least nine credit hours and be full time students while on the CIS program.
- Students are required to secure a paid internship or employment during the summer to cover their living and insurance expenses.
- Students are not allowed to apply for BYU scholarships on campus or outside scholarships (Fulbright, BYU–Hawaii, etc.) without first notifying. Any scholarship money or sponsorship received from other sources prior to or during the graduate program should be disclosed to CIS administration.
- Tuition will be deposited into your BYU student account at the beginning of every academic semester.
- Tuition loan will not cover expenses such as club fees, parking tickets, parking stickers or deposits required for admission to the graduate programs.
- The maximum textbook loan amount is $600 per semester in the first-year and $450 per semester the second year.
- Students will purchase books with their own funds or charge them to their student account and then be reimbursed up to $600 by the add/drop deadline.
- Only textbooks, packets and required software are eligible for reimbursement. There will be no reimbursement for software or textbooks that are not required by the class you are registered for (audited classes or their materials will not be covered by the CIS scholarship).
- Textbooks must be required for the current semester. There will be no reimbursement for textbooks that are optional. If there is a list of books where the student has to choose one reading book, CIS will reimburse only the one book.
- There will be no reimbursement for textbooks used in semesters previous to the current semester (in other words, it isn’t retroactive).
- Only original receipts will be accepted for reimbursement. There will be no reimbursement for copies of receipts.
- Original receipts must be handed in to the Global Business Center by the deadline. There will be no reimbursement for receipts handed in after the deadline; Students will be financially responsible for those expenses.
- Once you have been reimbursed for the textbook you are not allowed to return the textbook.
- If the textbooks are purchased from another student, a receipt or proof of purchase is still required for the reimbursement.
- Students must finalize their class schedules early, including any second block classes.
- CIS administrators will notify students of the deadlines by which textbook receipts must be handed in. CIS participants will be required to hand in their receipts by the deadline in order to be eligible for reimbursement.
- CIS administrators will review textbook receipts and will approve textbook scholarship amounts based on these receipts and class requirements.
- CIS students will receive textbook reimbursements in their student account.
- Students are required to send their local address and ward information to the MBA office before the first day of classes every semester. Students will not receive insurance coverage and textbook reimbursement until the GMC receives this updated information.
- The health insurance loan covers the required BYU health insurance, including both maternity and non-maternity coverage. CIS Health Insurance will not cover co-pays, maternity costs, or other medical expenses.
- Students must contact the insurance staff at the Health Center or visit the Health Insurance website at www.health.byu.edu to become aware of the BYU Student Health Insurance policies and procedures.
- Students are responsible for following insurance guidelines as set forth by the Student Health Center. Students will not be covered if they do not comply with the BYU Student Health insurance guidelines.
- Students must finalize any necessary changes to their insurance policy two weeks prior to the beginning of the school semester. Students must inform the CIS specialist of any change in their insurance by the same deadline. CIS staff are not responsible for errors in insurance coverage or enrollments.
- Students are required to send their local address and ward information to the MBA office before the first day of classes every semester. Students will not receive insurance coverage and textbook reimbursements until the MBA office receives this updated information.
- Questions about student accounts are answered by the Cashiers Office in the ASB and through MyBYU accounts, not by the CIS staff.
Sample Level of Support
A CIS participant, during the 2020–2021 school year, would be eligible to receive up to the following loan amounts during his/her studies at the Marriott School of Business. The proceeding amounts are comparable estimates for single and married students based on current standards:
Rent – $500
Food – $500
Utilities – $110
Monthly Living Expense Loan – $1,110
Total Living Expense Loan (sixteen months*) – $17,760
Tuition** – $26,900
Textbooks – $2,400
Health Insurance** – $1,620 (Five semesters including spring/summer terms of first year)
Married student with two children:
Rent – $965
Food – $900
Utilities – $110
Monthly Living Expense Loan – $1,975
Total Living Expense Loan (sixteen months*) – $31,600
Tuition** – $26,900
Textbooks – $2,400
Health Insurance** – $8,670 (Five semesters including spring/summer terms of first year)
*Participants are required to secure a paid internship or employment during spring and summer terms from May through August. CIS does not offer living expense loans during this time.
**Tuition and health insurance rates are subject to change (students need to make themselves aware of these changes if and when they occur).