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Home>Australia>Information Technology (MSIT)>Heinz College - Pittsburgh Exchange Program>Financial Aid Information
Financial Aid Information
SCHOLARSHIPS
Heinz College Scholarships are renewable for the semester spent at another campus.
FEE HELP assistance received by Adelaide-based students will not be affected if they study for a semester in Pittsburgh because they are undertaking a unit of study at an overseas institution that is a requirement of their course in Australia.
The Telstra, Bolshak (Kazak) and SA Government Scholarships may also apply (we will seek written approval on a case by case basis for each individual student).
Students receiving Indian or Shandong Scholarships will need to ensure their financial support arrangements will continue (case by case basis) and they should follow up with the Program Director.
BILLING AND LOAN DISBURSEMENT
When you receive an invoice from Carnegie Mellon University or when you view your student account through Student Information Online (SIO-available by logging into https://webiso.andrew.cmu.edu/login.cgiusing your Andrew ID and password), you may find that your loan amount does not show as a credit on your student account. This is because loan disbursements do not appear on the student account until the loan funds actually disburse to the University. If your funds arrive via electronic funds transfer (EFT), your loans credit directly to your student account, generally during the first week or so of classes. Loan disbursements are disbursed by the lenders in US dollars. When the borrower’s home school is Adelaide, the loan disbursements are converted to Australian dollars by the University when posting to the student account using the actual currency conversion rate that is in effect at the time of posting to the student account. This is because student account charges and credits for Heinz Australia students are calculated in Australian dollars. When the borrower’s home school is Pittsburgh, there is no currency conversion on loan disbursements.
Timing of Loan Disbursements
Loans covering two semesters are disbursed in two equal payments, one at the beginning of each
semester of enrollment for which the loan is intended or shortly after loan certification if the loan is certified after the start of the semester for which the loan is intended. Applicable loan fees are deducted before disbursement to the student account. Carnegie Mellon is set up to accept electronic funds transfer (EFT) disbursements from many, but not all lenders. If your lender is not set up to disburse via EFT with Carnegie Mellon, paper checks are mailed to the HUB at the Pittsburgh campus and the Heinz Pittsburgh Financial Aid Office subsequently contacts the student to make arrangements for getting the loan checks endorsed by the student before posting to the student account. If you have questions about whether Carnegie Mellon receives EFT disbursements from your lender, please email hzfinaid@andrew.cmu.edu.
STUDENT ACCOUNT REFUNDS
The Heinz Pittsburgh Financial Aid Office orders student account refunds via wire transfer for US federal loan borrowers in the Pittsburgh/Adelaide exchange program regardless of home campus. Please direct questionsto hzfinaid@andrew.cmu.edu. Student account refunds generally are available at the start of the semester for students with credit balances.
Refunds are processed only in Australian dollars when the home school is Adelaide. Students must complete and submit a Wire Transfer Request Form, which takes several days to process through the Enrollment Services and International Finance Offices before the refund is disbursed via wire transfer. Contact hzfinaid@andrew.cmu.eduto request a Wire Transfer Request Form.
Non-US students whose home school is Heinz Adelaide should contact the Heinz Adelaide Program Director regarding student account refunds
Tuition and Fees
Tuition is charged on either a flat rate basis or a per unit basis, depending on the home school. When Heinz Adelaide is the home school, tuition is charged on a per unit basis regardless of the number of enrolled units. If a student withdraws from all his/her classes before the 60% point in the semester, they are entitled to a prorated refund of tuition (as well as a proration of the scholarship, if any). If a student withdraws from all his/her classes on or after the 60% point, no tuition refund is received.
All students are responsible for their own travel and cost of living expenses associated with the exchange program.