Canadian Exchange Rate Plan
Andrews University values our Canadian student population and their contribution to our campus. We are aware that current economic conditions and an unfavorable currency exchange have placed an additional burden on these students. We are sympathetic to the financial sacrifices that our Canadian families make in their commitment to an Adventist education. In an effort to help bridge the US-Canadian exchange rate gap, it has been decided that if the exchange rate for the Canadian dollar drops below .90 USD, Andrews University will award a scholarship based on payments made, not to exceed the amount owed per semester. An example of this plan is shown below. We hope this plan will help our Canadian students, as well as demonstrate our regard. The details of this plan are as follows:
This plan will be available to both undergraduate and graduate students (current and new). For students entering fall term, the exchange rate on August 1 will be used to determine if this plan will apply. (Example: Exchange rate of .90 and higher will not qualify for this Canadian Exchange Scholarship.) For students entering spring term, the exchange rate on January 1 will be used to determine plan activation; May 1 for Summer term. Once the student/family have met all of their part of the financial plan, a scholarship representing the currency difference based on their payments made will be posted to the student account after drop/add date and again at the end of the term for any additional payments made.
In order to get your Canadian Exchange Rate Scholarship you must send an email to the Office of Student Financial Services at email@example.com. Any other questions please contact your Student Financial Services financial advisor.
Example: At an exchange rate of .78, the difference between .78 and .90 would be .12.
For an amount of $10,000 CAN that would become a $936 ($7800 USD x .12 = $936) scholarship, using the US paid equivalency.