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Archive for the ‘Financial Aid’ Category

Community Colleges Are Booming In This Economy

Friday, September 25th, 2009

According to this article in the Washington Post, thousands of students who had planned on attending “traditional” four-year institutions are choosing instead to go to community colleges.

Community college enrollment in the Washington region rose by nearly 12,000 students this fall, a 10 percent bump. The recession diverted large numbers of high school seniors from four-year colleges to less-expensive two-year colleges.

“I’ve heard stories of high school students who were accepted at U-Va. or Virginia Tech, and what their parents have done is ask them to wait out a year, come here for a year, purely for economics,” said Deborah DiCroce, president of Tidewater Community College in the South Hampton Roads region of Virginia. Fall enrollment at Tidewater was projected to rise to 30,500 this year from 26,898 last year.

As a result, community colleges have expanded their faculty, and increased their working hours.  At some community college campuses, you can take classes at midnight!

What does this mean for you?  It means that you might consider community colleges as a first step in the American educational system.  More and more, they are attracting high quality students, high quality professors, and high quality technology – and offering it to students at a fraction of the cost charged by “traditional” universities.

Opportunity Grants: A Great Financial Aid Source for International Students

Monday, September 21st, 2009

Yes, it’s true:  Opportunity Grants offer up to $10,000 to help cover the costs of your U.S. education.

This is Michael Curtis, writing today on a very important subject.  On June 22, Nate made a very important blog entry focused on US Government financed educational opportunities. Nate hit some great points – there are numerous opportunities for students to study at little or no cost in the U.S. Perhaps more importantly, most of these programs begin recruiting students right now! September generally is the start of recruitment for most high school, undergraduate and graduate programs.

Many tens of thousands of students will apply for these fellowships. Unfortunately, not all will be chosen. That’s where myUface comes in. However, as we’ve mentioned, myUface doesn’t guarantee 100% financing for your education. In all likelihood, you will have to come up with at least a portion of the cost of your education and living expenses while in the U.S. While this is often difficult, don’t despair! The US State Department funds a fantastic program in numerous countries that can cover up to $10,000 for things like:

  • test preparation
  • visa and application fees;
  • transportation costs;
  • books;
  • English language courses ; and
  • (in some cases) top-off funds toward tuition.

The program is called “Opportunity Grants” and it represents one of the most exiting ways for many students to help with covering some of the costs of education. While these grants are not offered in each country, many students will benefit from them.

How do you go about finding out more about opportunity grants and how they might make your dream of studying in the US a bit closer to reality? Check out the website of your local US embassy! For instance, if you are a citizen of Kazakhstan, you would find the information here. You could also read the following, available  for download.

Don’t forget about opportunity grants when you are determining whether or not you can afford to study in the US!  Visit the website of your U.S. Embassy or Educational Advising Center to see if Opportunity Grants are a possibility for you!

Update: According to the U.S. Embassy in Kazakhstan, students from the following countries are eligible for Opportunity Grants:

Algeria, Belarus, Bolivia, Brazil, Colombia, Ecuador, Egypt, Indonesia, Kazakhstan, Kyrgyzstan, Malaysia, Nicaragua, Paraguay, Peru, Philippines, Russia, South Africa, Tajikistan, Turkey, Turkmenistan, Ukraine, Venezuela, and Yemen. Beginning summer 2009, students from Costa Rica, El Salvador, Guatemala, Honduras, and Panama will also be eligible to apply through the local EducationUSA advising office.

Welcome to the myUface Blog

Tuesday, August 18th, 2009

The goal of the myUface blog is to collect, in one place, useful information for international students interested in studying in the Unisted States.  For new visitors to the blog, I wanted to create a quick list of the highlights from previous blog posts.

This is just the beginning.  We’re going to keep sharing as much information as possible in the hope of helping you attain your dream of studying in the U.S.

Please remember to share your questions and comments with us as often as possible.  You can leave a comment on any blog post, and you can always e-mail us at blog@myuface.com.

Why Do Universities Give Scholarships?

Sunday, July 19th, 2009

Many international students wonder, why do universities give scholarships?

In an attempt to answer that question, I want to speak about the source of scholarships, and the larger context in which they are created.  I hope that, by understanding where scholarships come from, international students might have an easier time applying for scholarship support.

Usually, universities give scholarships because they have been asked to do so by particular donors to the university.  Those donors might be individuals, often alumni of the university, who want to create a way for underpriveleged students to study at the university.  The donors might be large corporations or philanthropic foundations, that want to acheive a particular goal – such as giving back to the community that supports them – through establishing financial support for students from a particular area or in a particular field.  Finally, in some cases, the donors are local, state or federal governments that want to establish programs whereby certain kinds of students are enabled to go to a university.

In any case, a scholarship is established when one of these donors gives the university money, and directs them to use it to support students studying at the university.  For example, I might give $1 million dollars to my alma mater, Pomona College, and tell them, “Please use this $1 million to support 3 scholarships per year to students studying English literature who come from Massachusetts and are of native american descent.”  The university can either accept my gift on my terms, and administer the scholarship, or they can say, “You know what?  We’re not really interested in having that kind of scholarship.  Sorry.”  Sometimes, donors administer their scholarships directly, without working with a university (this is the case with the Soros Foundation, for example).

In any event, these scholarship gifts are part of a broader movement, called philanthropy, that seeks to improve society through private (i.e., non-governmental) action.  The word “philanthropy” comes from ancient Greek, and it means, roughly, “Love of Mankind.”  Philanthropists are those that donate their time or their money to change the world in a way that they see as better.  So, in the above example, I might say to myself, “You know, a problem with the world is that there aren’t enough native americans from Massachusetts who get the chance to study English at Pomona College.”  I would then use my resources – in this case, money – to try to address that problem via a scholarship.

What does this mean for you?  Well, when you are applying to a particular scholarship, remember that it was created for a particular purpose – to address some wrong in the world. Ask yourself, what is the purpose of this scholarship?  And let me give you a hint:  the purpose is not, “So that YOU can go to a U.S. university.”  You need to find  scholarships that has a purpose that overlaps with your own goals and ambitions, and apply to them.  When you do, remember, the scholarship is not about you. It’s about the intentions of the donor, and his or her plan to change the world for the better.

By keeping that in mind – by remembering the source of scholarship funds – you should be able to write better scholarship applications.

The State Tuition System and How It Can Benefit You

Saturday, July 11th, 2009

In the United States, large, “public” universities – universities that are supported in part by the government – are, generally speaking, supported by state governments.  The University of Texas, for example, receives some level of financial assistance from the government of the State of Texas.  Each state usually has a few university systems – with many different campuses scattered throughout the state – each receiving state money.  In Colorado, for example, you have both the University of Colorado and Colorado State University.

Now, state governments support these “public” universities so that they might provide quality, affordable university education to residents of that particular state.  The universities, in turn, offer what is called “in-state” tuition to residents.  In-state tuition is a discounted tuition rate offered only to residents of a particular state.  Residents of another state have to pay more to attend that particular university.

So, for example, if I live in Denver, Colorado, the tuition to go to the University of Colorado would be approximately $7,000; if I live in Boston, Massachusetts, the tuition would be approximately $26,000.  THAT’S A DIFFERENCE OF $19,000 / YEAR, OR $76,000 OVER FOUR YEARS!

Holy Cow!

“But,” you say, “What does this possibly have to do with me?  I don’t live in Colorado, or any other state.  So all you’re telling me is that I’ll be stuck paying the higher tuition.  Thanks a lot!”

Not necessarily!  Some university systems have established rules that allow them to offer in-state tuition to international students.  This is one of the largest potential sources of financial aid.  As the above example shows, if you are accepted to a state university that provides you with in-state tuition, essentially you’re receiving a scholarship worth – in the above example, at least – $76,000!!!

A few things to know about in-state tuition discounts for international students:

  • Not every state school offers them
  • Sometimes you have to wait for your second year to be eligible for the discount
  • Many in-state tuition discount programs operate like scholarship competitions, with only the best students getting the discount.  There may even be a separate application process to get the discount.

The bottom line is, if you’re applying to a “state” or “public” university – and we’ll have a post later this week on the different kinds of U.S. universities – make sure to ask them if they have a program that offers in-state tuition to international students.

Mailbag: Is There Such A Thing As Too Many Questions

Friday, July 10th, 2009

A student wrote to ask if there’s such a thing as asking too many question sof a university – especially when it comes to financial aid.  The student is afraid that asking too many questions might annoy the university representative, and hurt his or her chances of being accepted to that university.

The answer is that sure, at some point you should stop pestering university staff about financial aid.  If you ask about scholarship opportunities and loans, how other international students finance their education, etc., and you receive all the answers, then at that point there’s really not much more the university staff can tell you.  At that point asking more questions might seem a little pushy.

But in general, so long as you are polite, and so long as you remember that the university admissions staff has thousands of students they work with, and not just one (you), than you should feel free to ask as many questions as you want.  Remember, the job of admissions staff is to find qualified, talented students and enroll them in their university.

So while there is such a thing as askign too many questions, the much more common problem international students have is not asking enough!

What You Can Expect To Hear From Many Universities Regarding Financial Aid

Thursday, July 9th, 2009

We just completed our long series on Financial Aid yesterday; as a follow-up, I wanted to share with you the information a particular university has on its website regarding financial aid.  I think you’ll find that many universities offer similar information.

International Students are not eligible for financial aid from the U.S. government.  If you receive a FAFSA Form, please disregard it.  This form is for U.S. Citizens only.  However, international students can receive financial assistance through private loans.  Please contact a Financial Aid Advisor for the most current information regarding the availability of private loans.

Reading this, many international students would become discouraged.  It seems to say, We have no aid available, loans are your only option.

But it would be a mistake to let the matter rest there.  You need to be persistent and investigate every possibility if you’re going to get financial aid.  If you read this from a university you’re interested in, call them and ask the following questions (remembering to be polite!):

  1. I understand from your website that I am ineligible for financial aid from the U.S. government.  Does your university offer any scholarships on its own?
  2. Do you know of any scholarships for international students at your university sponsored by organizations in your community?
  3. How do international students generally finance their education at your university?
  4. You mention that I might get a private loan.  Do you work with a specific provider of loans?  Do you have any advice about how I might go about getting a loan?
  5. You mention I should speak to a Financial Aid Advisor.  Can you give me their number?
  6. Can you put me in contact with a current student at your university who receives financial aid or loans?  I’d love to hear their experience.

After taking careful note of these answers, remember to say thank you!  And then follow-up on all the information you received.  Chances are, the opportunities for financial aid are much more extensive than the short paragraph on the website would lead you to believe.

Researching Scholarship Opportunities

Tuesday, July 7th, 2009

What is the best place to learn about financial aid for international students?  The question is difficult to answer, as there are a bewildering array of websites, books, magazines and other resources that claim to be the best source for information on the topic.  A quick Google search for “international student financial aid” reveals hundreds of possible sources of information.

In this post, then, I’m going to focus on four places you can go for information.  Two are online resources, and two are “actual” places with “actual” people to help you.  This is by no means an exhaustive list of all financial aid resources. Rather, it is a starting point for you to investigate financial aid opportunities.

Educational Advising Centers

Your local Educational Advising Center.  These centers are supported by the U.S. Department of State, and exist to “advise prospective international students and other audiences on higher education and study opportunities in the United States.”  They give you access to all the online and hardcopy financial aid resources through their libraries.  They also serve as a meeting place for students interested in studying abroad.  Finally, they are staffed by Educational Advisors, individuals with an in-depth knowledge of the process of applying for and receiving financial aid.   If you have an educational advising center in your area, it is probably the best place to begin your search for financial aid opportunities.

The website of the U.S. Embassy

The U.S. Embassy website in your country will have a section called “Education and Culture” (or something very similar).  There you will find a wealth of information about studying in the U.S.  Here, for example, is a list of financial aid links for citizens of Thailand, compiled by the U.S. Embassy in Bangkok.

The information you can find at the website of the U.S. Embassy in your country is valuable because, first and foremost, it is specific to your country. If there are scholarships offered by your government, for example, chances are these scholarships will be listed on the Embassy page.  Embassy web pages will also provide links to the more reputable web sites offering financial aid information.

The (international) admissions offices of the universities to which you’re applying.

Here are a few simple questions you should ask to every single university to which you’re applying:

  • What financial aid is available for international students through your university?
  • How do international students at your university generally finance their education?
  • Are there any potential sources of financial aid that you would advise me to look into?

Admissions officers – especially if they specialize in international students – are used to students in need of financial aid.  As such, they have probably developed a very good sense of what financial aid is available.  If you ask politely, they will most likely help.

Scholarship Databases

There are a number of online databases of scholarships and other financial aid opportunities.  These databases will match you and your educational goals with potential scholarship opportunities, and list for you the financial aid for which you’re eligible.  A few things about these databases:

  • They do not include every source of financial aid, so do not rely exclusively on these sites for your research
  • A number of these kind of sites charge a fee.  DO NOT PAY.  The free versions of these sites are as good – if not better – than the pay versions.
  • Many sites require you to provide a lot of information before you can access the database.  This is so they can more accurately “match” you to scholarship opportunities.

To get you started, here are two sites that are quite good, generally speaking:

  1. International Scholarships – basic scholarship search.  You need to register in order to get access to scholarship details.
  2. FastWebgood information, but you need to go through a lengthy registration process to access it.

Stick to these four resource at the outset.  In the course of your research, you’ll undoubtedly come across other resources. If you ever come across an invaluable site or resource, please let us know about it (by e-mailing us at blog@myuface.com or leaving a comment).

Happy hunting!

Posts in this Series

  1. Your Education is an Investment - 08 Jul
  2. Researching Scholarship Opportunities (This post)
  3. How to Ask Questions About Financial Aid - 28 Jun
  4. Ninth Option for Financial Aid: Loans - 27 Jun
  5. The Difference Between Scholarships and Fellowships - 26 Jun
  6. Eigth Option for Financial Aid: U.S. Universities - 25 Jun
  7. Seventh Option for Financial Aid: Ethnic Communities in the United States - 24 Jun
  8. Sixth Option for Financial Aid: Private Organizations in the U.S. - 23 Jun
  9. Fifth Option for Financial Aid: U.S. Government Programs - 22 Jun
  10. Fourth Option for Financial Aid: Scholarships from International Organizations - 20 Jun
  11. How to Ask for Support - 18 Jun
  12. Looking for Support in Your Country: Why it Makes Sense - 17 Jun
  13. Third Option for Financial Aid: Individuals in Your Country - 16 Jun
  14. Second Option for Financial Aid: Private Businesses or Foundations in Your Country - 15 Jun
  15. First Option for Financial Aid: Government Programs in Your Country - 14 Jun
  16. The Third Step in Financial Aid: Find What's Available - 11 Jun
  17. The Second Step In Financial Aid: Identify Your Assets - 10 Jun
  18. The First Step In Financial Aid: Identify Your Needs - 09 Jun
  19. Finding Financial Aid for your U.S. Education - 08 Jun

How to Ask Questions About Financial Aid

Sunday, June 28th, 2009

In order to find financial aid for your studies in the U.S., you’re going to need to ask a lot of different people a lot of questions.  You’ll need to talk to people at U.S. universities, at U.S. organizations, at the U.S. Embassy, at Educational Advising Centers, at domestic and international companies, and in your community.  In fact, although we said at the very beginning of this series that there was no secret formula to getting financial aid, there is a winning strategy:

Ask a lot of people about financial aid. Ask everyone you can think of about financial aid.  The more you ask, the better your chances.

So, asking questions is important.  However, equally important is knowing how to ask those questions.  Remember, ultimately you’re asking other people to invest in your education, so you need to be polite and professional.  Let’s talk a little bit about how to do that.

First, do not – DO NOT – think that you are entitled in any way to financial aid.  You aren’t.  Period.  There is no “human right” to financial aid.  Financial aid is a privilege that you must earn. So when asking about financial aid, try not to give the impression that you expect someone to help you.

  • Good example: “I’m hoping that I can find some financial aid to help me with my studies in the U.S.  Do you have any suggestions?”
  • Bad example: “I know students get financial aid for their U.S. studies, and I should get some too.  Can you tell me where I must go to get financial aid?”

Second, remember, you are asking someone else to spend their money on your education.  You need to show that you think your education is a good investment – and the number one way of doing that is to demonstrate that you are investing as well. Otherwise, potential supporters will ask, “Why should I help this student, if the student isn’t willing to make any contribution?”

Good example: “I’ve identified all of my own resources, and those of my family, that can help me study in the U.S.  But I still can’t cover the total cost.  Is there any chance you have a scholarship that can help me bridge the gap?”

Bad example: I really want to get 100% funding, because my family doesn’t have a lot of money and I’d rather not touch my small amount of savings.  Can you help?”

Third, and MOST IMPORTANTLY, BE POLITE.  Use the magic words, “Please,” and “Thank you,” very, very often.  Thank people even if they can’t help you or if they turn you down.  You’re asking people to help you with either their money (financial aid) or time (explaining to you where to get financial aid).  They’re going to be much more willing to do both if they feel appreciated.

Good example: “Would you please send me a list of the scholarships offered by your university, if any?  I would really appreciate it.  Thank you so much for all the time you spend helping me!  I can’t tell you how grateful I am!”

Bad example: “I didn’t receive the list of scholarships I asked you to send.  Can you send it again?  I really need it.”

The bottom line is, in order to get financial aid, you’re going to need to ask a lot of people for help, and you’re going to need to ask them nicely.  Try to put yourself in their shoes and imagine what you’d like to hear if you were them.  Asking good questions is the shortest path to getting good results.

Posts in this Series

  1. Your Education is an Investment - 08 Jul
  2. Researching Scholarship Opportunities - 07 Jul
  3. How to Ask Questions About Financial Aid (This post)
  4. Ninth Option for Financial Aid: Loans - 27 Jun
  5. The Difference Between Scholarships and Fellowships - 26 Jun
  6. Eigth Option for Financial Aid: U.S. Universities - 25 Jun
  7. Seventh Option for Financial Aid: Ethnic Communities in the United States - 24 Jun
  8. Sixth Option for Financial Aid: Private Organizations in the U.S. - 23 Jun
  9. Fifth Option for Financial Aid: U.S. Government Programs - 22 Jun
  10. Fourth Option for Financial Aid: Scholarships from International Organizations - 20 Jun
  11. How to Ask for Support - 18 Jun
  12. Looking for Support in Your Country: Why it Makes Sense - 17 Jun
  13. Third Option for Financial Aid: Individuals in Your Country - 16 Jun
  14. Second Option for Financial Aid: Private Businesses or Foundations in Your Country - 15 Jun
  15. First Option for Financial Aid: Government Programs in Your Country - 14 Jun
  16. The Third Step in Financial Aid: Find What's Available - 11 Jun
  17. The Second Step In Financial Aid: Identify Your Assets - 10 Jun
  18. The First Step In Financial Aid: Identify Your Needs - 09 Jun
  19. Finding Financial Aid for your U.S. Education - 08 Jun

Ninth Option for Financial Aid: Loans

Saturday, June 27th, 2009

Once you’ve exhausted all other options, if you still need more funds in order to study in the U.S. you might consider taking out a student loan.  But before we talk about the process of getting a student loan, let’s be clear about one thing up front:

Right now – the summer of 2009 – is probably not the best time to be looking for loans from banks.  As InternationalStudentLoan.com notes on its website:

We are also experiencing processing and funding delays due to the turmoil in the student loan marketplace. Borrow as little as you can — make sure you exhaust all other avenues for funding first.

The same site has a great description of the impacts of the “credit crisis” on student loans, so I won’t go into details here.  The money quotation:

Student loans will be harder to get, and for those that get them, they will be more expensive. The harsh reality is that there will be less students who can afford to go to school this coming year. Of course the majority of those impacted will be US students, but international students will face the same hurdles.

The problem stems from the fact that student lenders typically sell their student loans, to raise more capital to make more loans as well as for overhead and profit. Right now, no one wants to buy those loans.

Having said all of that, it is still technically possible to get a student loan, and if you need extra funds, it’s an option you should look into.

Three websites that will serve as good starting points for your search for a student loan:

InternationalStudentLoan.com – although the loan process is currently closed due to the credit crisis, this site is still a good resource for understanding the way international student loans work.

Global Student Loan Corporation – a company with a broad reach, the Global Student Loan Corporation claims to be the only company that will give you a loan without a co-signer in the U.S.  This is due to their partnerships with financial institutions and universities in a variety of countries.

SalliMae – the student loan giant that is familiar to every U.S. graduate, Salli Mae also offers loan programs for international students.

There are undoubtedly many options besides these particular companies, and if you are going to take a loan it’s worth your time to search for the best deal.

A few points that are worth bringing up in regards to student loans:

  1. Many – even most – international student loan programs will require an American citizen to cosign the loan.  “Cosigning” means that someone guarantees that the loan will be repaid.  If you don’t repay it, they may be forced to.   Obviously, people will be hesitant to cosign loans and will do so only for people they trust.  Do you know anyone in America who might be willing to cosign your loan?
  2. Many international student loan programs will only provide loans to students studying at a list of pre-approved universities.  Generally speaking, these universities have signed on as a partner of the loan company, and agree to follow all of their rules and regulations.  If you’re interested in a specific university, ask their admissions department if they work with any international student loan companies.

The bottom line is that loans are a good way to bridge the final gap between what you have and what you need for study at a U.S. university.  Just make sure the gap isn’t too big to begin with, or you’ll begin you life after graduation with a large pile of debt!

Posts in this Series

  1. Your Education is an Investment - 08 Jul
  2. Researching Scholarship Opportunities - 07 Jul
  3. How to Ask Questions About Financial Aid - 28 Jun
  4. Ninth Option for Financial Aid: Loans (This post)
  5. The Difference Between Scholarships and Fellowships - 26 Jun
  6. Eigth Option for Financial Aid: U.S. Universities - 25 Jun
  7. Seventh Option for Financial Aid: Ethnic Communities in the United States - 24 Jun
  8. Sixth Option for Financial Aid: Private Organizations in the U.S. - 23 Jun
  9. Fifth Option for Financial Aid: U.S. Government Programs - 22 Jun
  10. Fourth Option for Financial Aid: Scholarships from International Organizations - 20 Jun
  11. How to Ask for Support - 18 Jun
  12. Looking for Support in Your Country: Why it Makes Sense - 17 Jun
  13. Third Option for Financial Aid: Individuals in Your Country - 16 Jun
  14. Second Option for Financial Aid: Private Businesses or Foundations in Your Country - 15 Jun
  15. First Option for Financial Aid: Government Programs in Your Country - 14 Jun
  16. The Third Step in Financial Aid: Find What's Available - 11 Jun
  17. The Second Step In Financial Aid: Identify Your Assets - 10 Jun
  18. The First Step In Financial Aid: Identify Your Needs - 09 Jun
  19. Finding Financial Aid for your U.S. Education - 08 Jun