Student Aid

Types of Financial Aid

Quality education is the right for all students. Every time ASAI supports the education of a student it provides them with the means to realize their potential, fulfill their dreams and change the world.

 

ASAI financial aids are:

A. 0% interest student loan repayable in 6 months after graduation date.

B. Student grant: (for needy & outstanding) students at their 3rd or 4th year of BA program. Students must be enrolled at any public Palestinian universities in he West Bank and Gaza, as well as students enrolled at Lebanese Universities. For more information about the ASAI students grant, contact the financial department at your university.

 

Requirements for 0% interest student loan :

Student should be :

  • Enrolled at accredited and recognized university.
  • A citizenship of an Arab Country.
  • Has a valid passport and ID.
  • Has a GPA=B or Very Good and above for the completed first semester of MA/MS or PhD program ( 15 credits hours ).
  • Provide official transcript, confirmed by the accredited university registrar office.
  • Aid priorities are for the following specialization: Applied Sciences, Pure Sciences, and Social Sciences.
  • Aid is allocated ONCE every academic year only for the approved applications.
  • Aid can be renewed only once.
  • Aid is sent directly to the university admissions.
  • Aid is NOT allocated for travel expenses, summer studies or language programs.

Range of Aids

Range of aids depends on the country / university / field of specialization / GPA (maintaining B average) :

  • USA and Canada: For PhD program, loan amount is $ 5000. For MA / MS program, loan amount is $ 4500.
  • Western Europe: For PhD program, loan amount is $ 4500. For MA / MS program, loan amount is $ 4000.
  • Asia and Far East: For PhD program, loan amount is $ 3500. For MA / MS program, loan amount is $ 3000.
  • Arab Countries, Africa and Southern America: For PhD program, loan amount is $ 3000. For MA/MS program, loan is $ 2500.

How to Apply for 0% Interest Student Loan

  • When student is in financial need he/she can review the website: www.arabstudentaid.org and follow the instructions to fill out the loan application.
  • Only completed loan application will be reviewed by ASAI Committee .
  • Student should fill out application form A1 first.
  • All application forms ( A2- A3- A4) should be filled out accurately.
  • Telephone, fax, email, address information should be accurate and updated. This information will be used for correspondence follow ups during study.
  • Form A4-1 (Student) must be signed by the applicant for loan repayment.
  • Form A4 (Guarantors) must be signed by: An adult who is able to guarantee loan payment in case student defaults on loan repayment or by a legal lawyer or Notary public.
  • Provide Valid ID and updated passport and utility bill for the two guarantor.
  • Official and certified university transcript (Grades) of the 1st semester for MA/MS, or PHD application.
  • University enrollment letter for the 2nd semester that you are applying the loan for.
  • All original application forms ( A2- A3- A4) and enrollment letter , transcript should be sent to ASAI main office by mail.
  • Valid student passport + ID + two passport size photo.
  • When the loan is approved, form A5 and loan approval letter will be send to student’s email to be completed and mailed back to ASAI main office.
  • Form A5 must be attested by lawyer or Notary public. Original must be mailed to ASAI main office 5910 Wilcox Place, Suite H, Dublin , OH 43016, USA.

 

Note:

  • Applicants who are citizens of other countries or have green card, loan application will not be accepted. They can apply to other resources.
  • Aid is considered for ONLY one member of the immediate family.
  • After full payment of the 0% interest student loan a consideration can be allocated for another member of the same family when qualified.

 

Application Deadlines for 0% interest student loan:

  • July 15th of each year for fall semester .
  • November 15th of each year for spring semester.

 

Applications Forms

To apply for ASAI 0% Interest Student Loan please fill this application: Application Form

 

Loan Repayment

  • Loan Repayment is compulsory. It is considered a (Sadaqa Jareya =on going blessing) (صدقه جاريه).
  • It starts after six months of graduation.
  • The total payment duration is 5 years maximum, NO exemptions.
  • If the total loan is paid in FULL in one payment, a discount of %10 will be applied.
  • ASAI encourages all graduates to payback the 0% interest student loan to help other needy and outstanding students. Your giving hands will impact other students future.