Costs and Financial Aid Vary Slightly From International
Almost all U.S. graduate students can get federal student loans covering the tuition, fees, housing, and meals, plus cash for expenses. Most of our students qualify for the entire program cost to be covered.
How does the loan work for international students?
Students working in Curricular Practical Training (CPT) find that the loan payment is part of an affordable budget and can be paid by their after-tax income along with paying their living expenses. It is common for students to also accumulate savings while doing the CPT internship.
If an international student has no co-signer, you will be required to pay a modest amount upon enrollment. The amount required will depend on the level of financial aid for which you qualify. The balance of your program expenses is then paid through the Computer Professionals Loan.
MIU is the guarantor of a bank loan with a local bank. Please note: MIU receives no benefit or advantage from this arrangement and you may choose any lender you wish.
Additional loan and payment options that might apply to some international students
Alternative loans other than the MidWestOne Bank loan are available if a student knows a U.S. Resident who can co-sign on the loan and the student has started their first Computer Science course on campus. The initial payment must be paid on arrival without using the loan.
Program cost details for international students
For international students, the initial cost, covering 2 semesters (8 months) of coursework, organic dining, and comfortable housing (single room) on our campus in the U.S. (near Chicago) is only $5000.
For international students total program costs are:
Tuition: $44,000
Health Insurance: $1,992 for the first 12 months
Room and Board: $7,400 (for the first 8 months on campus)
Fees: $730
TM: $210
TOTAL: $54,332
You also need $2000 available to cover personal expenses when first arriving on campus to begin 8 months of classes.
If an additional course needs to be taken due to failing one course, then there is an additional charge of $3000.
Typical salary, income taxes and living costs for curricular practical training (CPT) students in US
A typical budget does allow students to pay off the educational loan in 27 months (with a monthly payment of about $2,000) and live in a standard apartment within 30-minutes commute of their job site as well as accumulate about $500/mo. in savings. Typical take-home pay after taxes is $67,000/year.
Note: Salaries, taxes, and living costs vary by location in the US.
“What I love about the ComPro program is that I only paid a small initial fee, and comfortably paid back the rest after I got an Internship.”
U.S. EMBASSY INTERVIEW WAITING TIMES AND MSCS APPLICATION PROCESSING TIMES
We have found that many countries have very delayed interview dates. Please see Visa Appointment Wait Times (state.gov) to find out the length of time to get an interview date for your country/city.
If the interview waiting time is more than 2 months, we encourage you to apply and complete your application immediately, even if you are planning to apply for a future entry. This way you can complete the application process, get your I-20, and then get an interview date. You must have an I-20 to get the interview date. If the date is earlier than you plan to come to the U.S., you can always postpone your arrival date once you get the visa. We would just issue you a new I-20 for the entry date for which you plan to come.
For questions regarding this information, please contact our admissions office at admissionsdirector@miu.edu.
If you answered ‘yes’ to all the above questions, you may apply (Although this does not guarantee that you will be accepted.)
