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The new AUPP loan program is available for 2015 high school leavers who score an A, B, or C on the National High School Leavers Examination, but do not qualify for a financial need based scholarship, yet want to attend AUPP.
According to Dr. Sharon Siverts, President of AUPP, this loan program is one-of-a-kind for students entering AUPP in October 2015. A student can acquire a loan for up to 60% of the cost of tuition per semester, subject to University Loan Criteria, paying only 40% of the semester tuition. A loan can be of a lesser amount. The tuition per semester at AUPP is $4500. If one borrowed the full 60% ($2700) per semester, one would only pay $1800 a semester. In addition, a student would be required to pay 5% interest on the amount borrowed per year.
The total amount of the loan borrowed would be due and payable only after graduation, and once the student is employed.
Many students desire to study abroad. Students can get the same high quality education at AUPP as they would in the US, at a fraction of the cost. In the US, annual tuition can run up to over $40,000 a year, without airfare, housing, food, textbooks and other costs included. Most student in the US must also receive student loans in order to afford university education.
Most US students apply for scholarships, which are also available at AUPP. This year, AUPP is offering 120 Trustees Scholarships to 2015 high school leavers who pass the National School Leaver’s Examination with a score of A or B. All scholarships students must demonstrate financial need.
There will be 30 full tuition scholarships for four years, or for five years if the student requires training of English language skills. These scholarships are worth $9,000 a year.
The remaining scholarships will be for tuition reduction. 30 scholarships will reduce tuition by $6,000 a year, with the student only paying $3,000 per year for each year of undergraduate study. 30 scholarships will reduce tuition by $4,000 per year, with the student only paying $5,000 a year for each year of undergraduate study. Finally, 30 scholarships will reduce tuition by $2,000 per year, with the student only paying $7,000 for each year of undergraduate study.
There are so many opportunities for students in Cambodia to earn an education that can be used worldwide. AUPP wants you to be educated and become successful.