The program is available to just about any foreign student studying in the US. The only exceptions are those from Crimea, Cuba, Iran, North Korea, Sudan, and Syria. And the only requirements to qualify are a valid passport, an international driver's license, and proof of college enrollment with a start date.
Qualified customers can then choose a car from a Volvo dealer near their school, pay a one-time fee that varies in price based on model, and then use the car for the duration of their college educations, with leases ranging from one to four years. All models and trim levels of Volvos are eligible, as well. And while specific pricing wasn't provided, it's safe to say you'll spend less on a base S60 than a loaded XC90.
The standard lease contract has a limit of 15,000 miles per year, but leases for 10,000 or 30,000 miles are available. And, as already mentioned, the lease includes maintenance under the standard Volvo new car warranty, which covers maintenance for three years or 36,000 miles. Insurance is also covered for the duration of the lease. Once done with school, the student simply has to return the car. It is worth noting that there can be fees for damage or going over the mileage limit.
The program is sure to be attractive to students and families looking to make studying abroad in the US as simple as possible. What will be interesting is if programs such as this became available to American students going to college here. Buying a cheap used car for college is certainly simpler, but this plan is simple and comprehensive enough to appeal to domestic students. In particular, it could be useful for students going to school far from home as a handy way to get around or go home on holidays. It would seem like a natural extension of in-house car-sharing programs such as Maven, too. Not to mention the fact that it could be a great opportunity to build some brand loyalty with young people who may be buying or leasing cars in the future.