ISA FUNDING 101
What is the International Summer Award?
 The International Summer Award (ISA) was created
to support Yale College students who receive
financial aid during the academic year to participate
in at least one international experience.
 The ISA provides a percentage of the program
budget, based on the student's need for financial
aid in 2016-2017.
 Students participating in an ISA eligible program
may be eligible for ISA funding.
 The maximum amount of ISA funding will not
exceed $10,500.
Who pays for the ISA?
 Each year, ISAs are paid by Yale College and
through the generosity of donor funds.
 Each ISA recipient is required to submit a report
about their experience, and to thank the donors
who helped fund this experience.
 In summer 2016, 352 students received the ISA
and nearly $2.7 million dollars was spent in ISA
funding.
Who is eligible for an ISA?
 Generally freshmen, sophomores and juniors who have
not received an ISA before. They must have received
Yale Scholarship in the preceding award year (with the
exception of Light Fellows) and plan to attend an
approved program that is four weeks or longer. Full
eligibility criteria can be found here
http://www.yale.edu/yalecollege/international/funding/isa
/eligibility.html, including the Leave of Absence policy.
 The ISA does not support independent projects.
How do I check my eligibility?
 Students who receive Yale financial aid can
find out what their percentage award will be on
the Student Information System:
www.yale.edu/sis.
 Log in.
 Go to the Financial Aid Menu.
 Click on the International Summer Award
Calculator at the bottom.
What programs are ISA eligible?
 Eligible study abroad programs
must be on the approved list,
and must be at least 4 weeks in
duration.
 Students receiving ISA funding
to support study abroad must
also be receiving academic
credit for their experience.
 Eligible programs include Yale
Summer Session courses
abroad, Yale in London, Global
Summer Program, and
designated non-Yale study
abroad programs.
 Eligible internship
programs must be
Yale-coordinated,
and must be at least
8 weeks in duration.
 Eligible internships
are listed in OCS’
Symplicity
database.
Study Abroad Internships
What is the program cost?
2016 budgets are available on
the website, and 2017 budgets
will be posted by mid-March,
so students can use those to
estimate program costs.
Please Note:
 A student’s total scholarships, fellowships, and
salary cannot exceed the total program
budget, just like financial aid for the academic
year.
 If a student’s combined summer scholarships,
fellowships, and salary exceed the program
budget, the ISA would be adjusted.
How do I apply for the ISA?
 Please note that there is an ISA
application which is separate from your
program application.
 The ISA application opens on February 1,
and you can access the application by
going to www.yale.edu/isa and clicking
“Apply for the ISA”.
 The ISA application deadline is May 1.
A Note for International
Students
 International students must complete certain
forms at the International Tax Office before
receiving the ISA.
 If you have not already done so, please make
an appointment at Yale's International Tax
Office.
 It is best to complete these documents as
early as possible to prevent delays in receiving
your ISA funding.
Apply Through the ISA Website
funding.yale.edu/types-funding/application-process
ISA Funding Example
 In the 2015-2016 award year Emily is considering several
ISA options. She has 70% eligibility. The three programs
she is considering below are 8 weeks long.
What does the shortfall mean?
 Since Emily has 70% ISA eligibility, she will be
responsible for a portion of the cost. Students who are
short a portion of the program cost will need to pay out
of pocket for that expense.
 Students will be responsible for covering their Summer
Income Contribution.
 We recommend creating a plan to raise the amount you
need through self-funding options, like taking advantage
of Yale employment, holding a fundraiser, or asking
friends and family to help. We find students who do ask
friends and family for financial assistance have the most
success when they treat their request like a
presentation: go in with all the facts, show them how you
will benefit, and be able to articulate specifically what
you’re asking them for.
Can I borrow to offset the cost of abroad
expenses?
 Students participating in Yale
Summer Session or Yale in London
may be able to borrow to cover any
gap in their program costs, or to
cover New Haven room and board
expenses. Please contact Financial
Aid for details on eligibility and for the
application.
When and how are funds
received?
 Students can expect their funds in early May.
 If you participate in Yale in London or Yale Summer Session you
will be billed through your Yale Student Account.
 The ISA will be credited to your student account to offset the program
charges.
 To view the status of your program charges and ISA funds please
check your Account History or eBill-ePay.
 All other students will receive checks which can be picked up at the
Cashier’s office. You will receive an email from refund@yale.edu
as soon as the check is available. In the unlikely event you’ve left
campus before the funds are available, please respond to the
email from refund@yale.edu and ask them to mail the check to a
US address. Then you will need to respond to the email to
authorize the mailing of the check.
What if fees are due before I get my
ISA payment?
 Program deposits and early airfare fees
are the responsibility of the student. We
may be able to provide written
confirmation of your percentage eligibility
once accepted to the program, and some
programs will reduce or postpone the
required deposit with that documentation.
We are unable to advance funds to a
student under any circumstances.
By accepting the ISA, you agree to the following
terms:
 If a student’s plans change and s/he is no longer eligible
for the ISA, then s/he are required to return any ISA
funding that s/he may have already received.
 Students must use the ISA only for approved expenses. If
students withdraw or fail to complete the program, that
student will be required to return all or part of the funds.
Likewise, federal funds received for summer programs
may also have to be returned in accordance with federal
regulations.
By accepting the ISA, you agree to the following
terms:
 Upon completion of my time abroad, all ISA recipients must submit a report
about their experience that may be sent to donors who helped to fund their
experience.
 Failure to submit the ISA report by the September 1st deadline may result
in being asked to return the ISA funds.
 Failure to submit the ISA report by the deadline may affect your
competitiveness for other study, internship, volunteer, research, or
fellowship opportunities administered through the Center for International
and Professional Experience.
 Students using ISA funding to participate in a non-Yale summer study
abroad program must earn Yale credit. This means that students must earn
the US equivalent of a C- or greater in my courses abroad.
Questions?
Thank you!
http://funding.yale.edu/isa
MyCIPE@yale.edu

2017 isa presentation

  • 1.
  • 2.
    What is theInternational Summer Award?  The International Summer Award (ISA) was created to support Yale College students who receive financial aid during the academic year to participate in at least one international experience.  The ISA provides a percentage of the program budget, based on the student's need for financial aid in 2016-2017.  Students participating in an ISA eligible program may be eligible for ISA funding.  The maximum amount of ISA funding will not exceed $10,500.
  • 3.
    Who pays forthe ISA?  Each year, ISAs are paid by Yale College and through the generosity of donor funds.  Each ISA recipient is required to submit a report about their experience, and to thank the donors who helped fund this experience.  In summer 2016, 352 students received the ISA and nearly $2.7 million dollars was spent in ISA funding.
  • 4.
    Who is eligiblefor an ISA?  Generally freshmen, sophomores and juniors who have not received an ISA before. They must have received Yale Scholarship in the preceding award year (with the exception of Light Fellows) and plan to attend an approved program that is four weeks or longer. Full eligibility criteria can be found here http://www.yale.edu/yalecollege/international/funding/isa /eligibility.html, including the Leave of Absence policy.  The ISA does not support independent projects.
  • 5.
    How do Icheck my eligibility?  Students who receive Yale financial aid can find out what their percentage award will be on the Student Information System: www.yale.edu/sis.  Log in.  Go to the Financial Aid Menu.  Click on the International Summer Award Calculator at the bottom.
  • 6.
    What programs areISA eligible?  Eligible study abroad programs must be on the approved list, and must be at least 4 weeks in duration.  Students receiving ISA funding to support study abroad must also be receiving academic credit for their experience.  Eligible programs include Yale Summer Session courses abroad, Yale in London, Global Summer Program, and designated non-Yale study abroad programs.  Eligible internship programs must be Yale-coordinated, and must be at least 8 weeks in duration.  Eligible internships are listed in OCS’ Symplicity database. Study Abroad Internships
  • 7.
    What is theprogram cost? 2016 budgets are available on the website, and 2017 budgets will be posted by mid-March, so students can use those to estimate program costs.
  • 8.
    Please Note:  Astudent’s total scholarships, fellowships, and salary cannot exceed the total program budget, just like financial aid for the academic year.  If a student’s combined summer scholarships, fellowships, and salary exceed the program budget, the ISA would be adjusted.
  • 9.
    How do Iapply for the ISA?  Please note that there is an ISA application which is separate from your program application.  The ISA application opens on February 1, and you can access the application by going to www.yale.edu/isa and clicking “Apply for the ISA”.  The ISA application deadline is May 1.
  • 10.
    A Note forInternational Students  International students must complete certain forms at the International Tax Office before receiving the ISA.  If you have not already done so, please make an appointment at Yale's International Tax Office.  It is best to complete these documents as early as possible to prevent delays in receiving your ISA funding.
  • 11.
    Apply Through theISA Website funding.yale.edu/types-funding/application-process
  • 12.
    ISA Funding Example In the 2015-2016 award year Emily is considering several ISA options. She has 70% eligibility. The three programs she is considering below are 8 weeks long.
  • 13.
    What does theshortfall mean?  Since Emily has 70% ISA eligibility, she will be responsible for a portion of the cost. Students who are short a portion of the program cost will need to pay out of pocket for that expense.  Students will be responsible for covering their Summer Income Contribution.  We recommend creating a plan to raise the amount you need through self-funding options, like taking advantage of Yale employment, holding a fundraiser, or asking friends and family to help. We find students who do ask friends and family for financial assistance have the most success when they treat their request like a presentation: go in with all the facts, show them how you will benefit, and be able to articulate specifically what you’re asking them for.
  • 14.
    Can I borrowto offset the cost of abroad expenses?  Students participating in Yale Summer Session or Yale in London may be able to borrow to cover any gap in their program costs, or to cover New Haven room and board expenses. Please contact Financial Aid for details on eligibility and for the application.
  • 15.
    When and howare funds received?  Students can expect their funds in early May.  If you participate in Yale in London or Yale Summer Session you will be billed through your Yale Student Account.  The ISA will be credited to your student account to offset the program charges.  To view the status of your program charges and ISA funds please check your Account History or eBill-ePay.  All other students will receive checks which can be picked up at the Cashier’s office. You will receive an email from refund@yale.edu as soon as the check is available. In the unlikely event you’ve left campus before the funds are available, please respond to the email from refund@yale.edu and ask them to mail the check to a US address. Then you will need to respond to the email to authorize the mailing of the check.
  • 16.
    What if feesare due before I get my ISA payment?  Program deposits and early airfare fees are the responsibility of the student. We may be able to provide written confirmation of your percentage eligibility once accepted to the program, and some programs will reduce or postpone the required deposit with that documentation. We are unable to advance funds to a student under any circumstances.
  • 17.
    By accepting theISA, you agree to the following terms:  If a student’s plans change and s/he is no longer eligible for the ISA, then s/he are required to return any ISA funding that s/he may have already received.  Students must use the ISA only for approved expenses. If students withdraw or fail to complete the program, that student will be required to return all or part of the funds. Likewise, federal funds received for summer programs may also have to be returned in accordance with federal regulations.
  • 18.
    By accepting theISA, you agree to the following terms:  Upon completion of my time abroad, all ISA recipients must submit a report about their experience that may be sent to donors who helped to fund their experience.  Failure to submit the ISA report by the September 1st deadline may result in being asked to return the ISA funds.  Failure to submit the ISA report by the deadline may affect your competitiveness for other study, internship, volunteer, research, or fellowship opportunities administered through the Center for International and Professional Experience.  Students using ISA funding to participate in a non-Yale summer study abroad program must earn Yale credit. This means that students must earn the US equivalent of a C- or greater in my courses abroad.
  • 19.