Americans Now Able to Get Student Loans to Study at CMU

Americans come to Canadian Mennonite University (CMU) in Winnipeg for a number of reasons—smaller classes, an international experience, and a chance to live and study in a diverse and multi-cultural city.

They also come because of the cost—a year of studies at CMU costs only about $13,000, including tuition, room, board, books and fees, compared to paying between $20,000 to $30,000 to study at a comparable U.S. private college. (All figures in U.S. dollars.)

But now CMU is even more attractive for U.S. students; on March 28 the university learned that Americans who study there are eligible to receive student aid from the U.S. Department of Education.

“This is great news,” says David Leis, CMU’s Vice President for Advancement. “CMU was already an incredibly affordable option for Americans. Now it is even easier for them to come north to get a university education.”

The process to obtain approval took about two years, Leis says.

“This is a very positive development for CMU, and for Americans who want study here,” he adds.

The U.S. Federal Student Aid program oversees $391 billion of student loans. Last year, it provided approximately $78 billion in new aid to nearly 10 million postsecondary students.

According to The College Board, an association of more than 5,200 U.S. colleges and universities, the average cost of a year of study at a private four-year college or university in that country, including living costs and fees, is $30,367.

Posted March 31, 2007

For more information contact CMU Communications Director, 500 Shaftesbury Blvd., Winnipeg, Manitoba R3P 2N2, telephone: 204-487-3300 ext. 630, fax: 204-889-1694, (www.cmu.ca)