Banking and finances

Upon arrival, the OIE Student Services staff will assist new students in opening accounts in a local bank. In addition to living expenses, tuition and fees, we estimate that you will need at least $1,000 – 1,500 (U.S. Dollars) in cash or traveler’s checks for your immediate expenses — including food, transportation, apartment deposit and rent, and other incidentals. If you are married or have dependents, please allow for their additional expenses as well. Please be aware that any scholarship or stipend monies may not be available to you until several weeks after classes begin. Additionally, stipends are paid over a period of time, so you will not receive all of these funds in one payment. There are no temporary loan funds available for incoming students. Please remember that it is your responsibility to ensure that you have sufficient funds to meet your financial obligations.