This loan is extended to students based on their financial need, with a low interest rate, and does not require any warrants. The interest on the Waseda University Loans may be supplied by the University for the student recipients who are carefully selected from all recipients of the loan, based on their financial situation, during their enrollment period. Loans Nihon Ikueikai is the largest national scholarship association in Japan. It was established under a special law of the National Diet in order to provide financial aid to students of high scholastic standing with financial need. The University facilitates loans or grants from about 40 local governments.
Students apply to their local government office.
Loans or Scholarships from Non-governmental Organizations 160 authorities, including foundations, private groups and enterprises, offer loans and scholarships to qualified students. Application for the majority of these can be made through the University's Office of Scholarship and Financial Assistance. The amount varies by authority. 300,000 yen was granted to 33 undergraduate and 24 graduate students in academic year 1997-98 from the scholarship fund of Waseda University. Approximately 400 students enrolled at Waseda University received their assistance in academic year 1997-98.