{"id":11951,"date":"2021-12-16T18:29:32","date_gmt":"2021-12-16T18:29:32","guid":{"rendered":"https:\/\/www.macalester.edu\/admissions\/?page_id=11951"},"modified":"2025-12-01T23:40:16","modified_gmt":"2025-12-01T23:40:16","slug":"financing-options","status":"publish","type":"page","link":"https:\/\/www.macalester.edu\/admissions\/international\/financing-options\/","title":{"rendered":"Financing Options for International Students"},"content":{"rendered":"<section class=\"introduction block-container\" >\n    <div class=\"introduction__content\">\n    \t        \t<p class=\"introduction__copy\">A variety of financing tools are available to students and parents who wish to manage the cost of a Macalester education over time. Several options are below.\r\n<\/p>\n    \t    <\/div>\n<\/section>\n\n<accordion-container\n    tag=\"section\"\n    class=\"accordion-group block-container\"\n    >\t\n\t<div class=\"accordion-group__outer\">\n\t    \t    <ul class=\"accordion-group__list\">\n\t        \t            <li class=\"accordion-group__list-item\">\n\t                <accordion-container-header\n\t                    tag=\"h3\"\n\t                    class=\"accordion-group__item-heading\"\n\t                >\n\t                    <accordion-container-header-button\n\t                        class=\"accordion-group__heading-button\"\n\t                        controls=\"accordion-group-1\"\n\t                        id=\"accordion-group-heading-button-1\"\n\t                    >\n\t                        <span class=\"accordion-group__button-text\">MACALESTER COLLEGE INTERNATIONAL STUDENT LOAN (MCISL)<\/span>\n\t                        <span class=\"accordion-group__icon-wrap\">\n\t                        \t<svg aria-hidden=\"true\" class=\"base-symbol accordion-group__button-icon\" viewbox=\"0 0 12 12\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t    <use xlink:href=\"\/wp-content\/themes\/macalester-2020\/dist\/svgs\/symbol-plus-small.svg#icon\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t                        <\/span>\n\t                    <\/accordion-container-header-button>\n\t                <\/accordion-container-header>\n\t                <accordion-container-panel\n\t                    id=\"accordion-group-1\"\n\t                    class=\"accordion-group__item-panel\"\n\t                >\n\t                    <div class=\"accordion-group__item-panel-inner\">\n\t                        <p><p><!-- wp:paragraph --><\/p>\n<p><span style=\"font-weight: 400\">Available to international students studying on a valid, non-immigrant visa who applied and qualified for need- based financial aid.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Annual loan limits are based on the student\u2019s year in school and are outlined in the four-year financial aid letter.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Macalester understands the idea of taking on a loan can be concerning for many families and therefore takes great care to ensure the MCISL is as favorable as possible.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To learn more about the terms and conditions of the MCISL, visit <\/span><a href=\"https:\/\/www.macalester.edu\/financial-aid\/loans\/mcisl\/\"><span style=\"font-weight: 400\">https:\/\/www.macalester.edu\/financial-aid\/loans\/mcisl\/<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Macalester alums who encounter questions or concerns about repaying their MCISL at any point after leaving Macalester are encouraged to contact Macalester directly to explore various options.<\/span><\/p>\n<p><b>Note:<\/b><span style=\"font-weight: 400\"> Students choosing not to accept the full MCISL amount in a given year are responsible for making up the difference. Macalester cannot replace the MCISL with additional scholarship.\u00a0<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><!-- \/wp:paragraph --><\/p><\/p>\n\t                    <\/div>\n\t                <\/accordion-container-panel>\n\t            <\/li>\n\t        \t            <li class=\"accordion-group__list-item\">\n\t                <accordion-container-header\n\t                    tag=\"h3\"\n\t                    class=\"accordion-group__item-heading\"\n\t                >\n\t                    <accordion-container-header-button\n\t                        class=\"accordion-group__heading-button\"\n\t                        controls=\"accordion-group-2\"\n\t                        id=\"accordion-group-heading-button-2\"\n\t                    >\n\t                        <span class=\"accordion-group__button-text\">MACALESTER COLLEGE LOAN<\/span>\n\t                        <span class=\"accordion-group__icon-wrap\">\n\t                        \t<svg aria-hidden=\"true\" class=\"base-symbol accordion-group__button-icon\" viewbox=\"0 0 12 12\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t    <use xlink:href=\"\/wp-content\/themes\/macalester-2020\/dist\/svgs\/symbol-plus-small.svg#icon\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t                        <\/span>\n\t                    <\/accordion-container-header-button>\n\t                <\/accordion-container-header>\n\t                <accordion-container-panel\n\t                    id=\"accordion-group-2\"\n\t                    class=\"accordion-group__item-panel\"\n\t                >\n\t                    <div class=\"accordion-group__item-panel-inner\">\n\t                        <p><p>Generally awarded to students who are in need of funds beyond the limits of the MCISL.<\/p>\n<p>\u2022 No payments are required and no interest accrues while half-time enrollment is maintained.<br \/>\n\u2022 Required payments begin six months following graduation or withdrawal from Macalester.<br \/>\n\u2022 Interest rate during repayment is fixed at 6%.<br \/>\n\u2022 Standard repayment period is ten years.<\/p>\n<p>Additional information is available at: <a href=\"https:\/\/www.macalester.edu\/financialaid\/loans\/macloan\/\">www.macalester.edu\/financialaid\/loans\/macloan\/<\/a><\/p><\/p>\n\t                    <\/div>\n\t                <\/accordion-container-panel>\n\t            <\/li>\n\t        \t            <li class=\"accordion-group__list-item\">\n\t                <accordion-container-header\n\t                    tag=\"h3\"\n\t                    class=\"accordion-group__item-heading\"\n\t                >\n\t                    <accordion-container-header-button\n\t                        class=\"accordion-group__heading-button\"\n\t                        controls=\"accordion-group-3\"\n\t                        id=\"accordion-group-heading-button-3\"\n\t                    >\n\t                        <span class=\"accordion-group__button-text\">ALTERNATIVE EDUCATION LOANS<\/span>\n\t                        <span class=\"accordion-group__icon-wrap\">\n\t                        \t<svg aria-hidden=\"true\" class=\"base-symbol accordion-group__button-icon\" viewbox=\"0 0 12 12\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t    <use xlink:href=\"\/wp-content\/themes\/macalester-2020\/dist\/svgs\/symbol-plus-small.svg#icon\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t                        <\/span>\n\t                    <\/accordion-container-header-button>\n\t                <\/accordion-container-header>\n\t                <accordion-container-panel\n\t                    id=\"accordion-group-3\"\n\t                    class=\"accordion-group__item-panel\"\n\t                >\n\t                    <div class=\"accordion-group__item-panel-inner\">\n\t                        <p><p>While not common, in some cases, your country&#8217;s government or local bank may offer their own loans which could be used for education purposes. These are often referred to as alternative, supplemental, or private loans. Students\/families will need to check with their local bank\/financial institution. Private loans should be seen as an option of last resort.<\/p><\/p>\n\t                    <\/div>\n\t                <\/accordion-container-panel>\n\t            <\/li>\n\t        \t            <li class=\"accordion-group__list-item\">\n\t                <accordion-container-header\n\t                    tag=\"h3\"\n\t                    class=\"accordion-group__item-heading\"\n\t                >\n\t                    <accordion-container-header-button\n\t                        class=\"accordion-group__heading-button\"\n\t                        controls=\"accordion-group-4\"\n\t                        id=\"accordion-group-heading-button-4\"\n\t                    >\n\t                        <span class=\"accordion-group__button-text\">NELNET CAMPUS COMMERCE (NGLNGT) PAYMENT PLAN<\/span>\n\t                        <span class=\"accordion-group__icon-wrap\">\n\t                        \t<svg aria-hidden=\"true\" class=\"base-symbol accordion-group__button-icon\" viewbox=\"0 0 12 12\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t    <use xlink:href=\"\/wp-content\/themes\/macalester-2020\/dist\/svgs\/symbol-plus-small.svg#icon\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t                        <\/span>\n\t                    <\/accordion-container-header-button>\n\t                <\/accordion-container-header>\n\t                <accordion-container-panel\n\t                    id=\"accordion-group-4\"\n\t                    class=\"accordion-group__item-panel\"\n\t                >\n\t                    <div class=\"accordion-group__item-panel-inner\">\n\t                        <p><p>This optional plan allows families to make multiple payments each semester.<br \/>\n<span style=\"font-weight: 400\">\u2022 Available to families with Automatic Bank Payment (requires a U.S. Bank Account) OR a credit card.\u00a0 <\/span><i><span style=\"font-weight: 400\">Note: There is a 2.75% transaction fee for payments made with a credit card.<br \/>\n<\/span><\/i>\u2022 Families may pay all or part of educational costs through the payment plan.<br \/>\n\u2022 $85 annual non-refundable enrollment fee.<br \/>\n\u2022 Option of making 9 to 12 monthly payments.<br \/>\n\u2022 Starting date ranges from April 1 to August 3, depending on the plan.<br \/>\n\u2022 Automatic deduction occurs on the 5th of the month.<br \/>\nThe first monthly payment is due according to an established schedule for each plan. For more information, visit <a href=\"https:\/\/mycollegepaymentplan.com\/macalester-college\">mycollegepaymentplan.com\/macalester-college<\/a>.<\/p><\/p>\n\t                    <\/div>\n\t                <\/accordion-container-panel>\n\t            <\/li>\n\t        \t    <\/ul>\n\t<\/div>\n<\/accordion-container>\n\n\n\n<div style=\"height:19px\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><em><strong>Information on this page should be considered to be a summary of terms and subject to future legislation. More detailed information is provided during entrance counseling or upon request.<\/strong><\/em><\/p>\n\n\n<section class=\"link-group block-container\" >\n        <div class=\"link-group__featured-row\">\n        <div class=\"link-group__featured-inner\">\n            <div class=\"link-group__featured-inner-inner\">\n                <ul class=\"link-group__featured-link\">\n                                            <li class=\"link-group__link-item\">\n                            <a class=\"base-cta-featured\" href=\"https:\/\/www.macalester.edu\/admissions\/international\/understanding-your-financial-aid-package\/\" target=\"_self\">\n\t\t\t\t\t\t\t    Return to Understanding Your Financial Aid Package Page\n\t\t\t\t\t\t\t    <svg aria-hidden=\"true\" class=\"base-symbol base-cta-featured__arrow\" viewbox=\"0 0 24 24\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t    <use xlink:href=\"\/wp-content\/themes\/macalester-2020\/dist\/svgs\/symbol-arrow.svg#icon\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t<\/a>\n                        <\/li>\n                                            <li class=\"link-group__link-item\">\n                            <a class=\"base-cta-featured\" href=\"https:\/\/macalester.edu\/financialaid\" target=\"_self\">\n\t\t\t\t\t\t\t    Find official policies, forms, and additional information here\n\t\t\t\t\t\t\t    <svg aria-hidden=\"true\" class=\"base-symbol base-cta-featured__arrow\" viewbox=\"0 0 24 24\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t    <use xlink:href=\"\/wp-content\/themes\/macalester-2020\/dist\/svgs\/symbol-arrow.svg#icon\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t<\/a>\n                        <\/li>\n                                    <\/ul>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<section class=\"linked-quotes-block block-container linked-quotes-style-\" >\n          <div class=\"linked-quotes__heading-row\">\n           <div class=\"linked-quotes__heading-container\">\n                              <h2 class=\"base-lockup__heading\">Contact Us<\/h2>\n           <\/div>\n       <\/div>\n      <div class=\"linked-quotes\">\n                 <div class=\"linked-quote\">\n               <div class=\"linked-quote__image\">\n                                        <img decoding=\"async\" alt=\"Sarah Schmidt\" src=\"https:\/\/www.macalester.edu\/admissions\/wp-content\/uploads\/sites\/190\/2021\/12\/Sarah-Schmidt_20200806_mac_1401_sq.jpg\" style=\"width: auto; display: block;\">\n                                  <\/div>\n               <div class=\"linked-quote__copy\">\n                   Please <strong><a href=\"mailto:sschmid1@macalester.edu\">contact Sarah Paulsen<\/a><\/strong>, Senior Associate Director for International Admissions with specific financial aid questions.\n                   <div class=\"linked-quote__headline\">\n                                        <\/div> \n             <\/div>\n         <\/div>\n                 <div class=\"linked-quote\">\n               <div class=\"linked-quote__image\">\n                                        <img decoding=\"async\" alt=\"\" src=\"https:\/\/www.macalester.edu\/admissions\/wp-content\/uploads\/sites\/190\/2021\/05\/shield-bage-reversed-blue2_sq.jpg\" style=\"width: auto; display: block;\">\n                                  <\/div>\n               <div class=\"linked-quote__copy\">\n                   General questions about Macalester can be directed to <strong><a href=\"mailto:internationaladmissions@macalester.edu\">internationaladmissions@macalester.edu<\/a>.<\/strong>\r\n\r\nTo upload documents to us securely, please use the document uploader in the <strong><a href=\"https:\/\/admissions.macalester.edu\/account\/login\">applicant portal<\/a>.<\/strong>\n                   <div class=\"linked-quote__headline\">\n                                        <\/div> \n             <\/div>\n         <\/div>\n         <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>Information on this page should be considered to be a summary of terms and subject to future legislation. More detailed information is provided during entrance counseling or upon request.<\/p>","protected":false},"author":389,"featured_media":0,"parent":72,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template_2020_level_2.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-11951","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/pages\/11951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/users\/389"}],"replies":[{"embeddable":true,"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/comments?post=11951"}],"version-history":[{"count":115,"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/pages\/11951\/revisions"}],"predecessor-version":[{"id":26955,"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/pages\/11951\/revisions\/26955"}],"up":[{"embeddable":true,"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/pages\/72"}],"wp:attachment":[{"href":"https:\/\/www.macalester.edu\/admissions\/wp-json\/wp\/v2\/media?parent=11951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}