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Posts Tagged ‘financial aid for international students’

A must-read article about financial aid for international students

Thursday, February 18th, 2010

This article at U.S News and World Report isn’t specifically about international students, but it does touch on all the issues that go into financial aid decisions at a U.S. university.  Also, it does comment briefly on international students:

The aid policy for international students: A few schools on this list, such as Princeton and Grinnell College in Iowa, commit to meet the financial needs of noncitizens. Many others, such as Northwestern and Adrian, don’t guarantee full aid for international students.

Here is the list of colleges and universities that claim to meet the full needs of students.  Unfortunately, it doesn’t specify if they will offer the same to international students.

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.

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.

The Third Step in Financial Aid: Find What’s Available

Thursday, June 11th, 2009

Over the past two days we’ve discussed the first two “steps” in getting the financial aid you need in order to study at a U.S. university.  Step One was to identify the cost of the education you’re pursuing; Step Two was to identify the assets you yourself possess (or that your family is willing to give you).

Once you complete these two steps, you should have a good idea of the amount of financial aid you’ll need to identify from outside sources:

Cost of your education – Assets of you / your family = needed aid.

So, for example, if you have researched a program that will cost $150,000 over four years, and you and your family can contribute only $60,000 over those years, you’ll need to identify $90,000.

Step Three is identifying the sources of those funds.

Over the next couple of days we’re going to delve deeply into the different potential sources of aid, but for today’s post I just want to breifly note the traditional sources of financial aid:

  • Aid from your country’s government. Many countries have programs designed to subsidize the costs of education abroad.
  • Aid from private institutions in your country. Domestic companies or foundations will sometimes sponsor students, particularly as part of a training program for employees.
  • Aid from individuals in your country. Often, wealthy individuals will offer support to students as a way of “giving back” to their society.
  • Aid from international organizations. Certain international organizations offer scholarships or support to international students.
  • Aid from the U.S. government. The U.S. government administers several scholarship and fellowship programs for international students.
  • Aid from private sources in the U.S. A very few foundations or other private sources in the U.S. offer scholarships to international students.
  • Aid from universities. Some universities offer financial aid to international students.
  • Loans. International students often take out loans to finance the cost of their education.  Banks or other lending institutions in your country may offer student loans. U.S. lending institutions will offer international students loans; usually, however, a credit-worthy U.S. citizen must co-sign the loan.
  • Work-study. Some institutions will offer students the chance to work part-time as a way of financing part of their education.

Over the next few days we’ll cover each of these sources in greater detail.

For now, I want to ask you all the following question (and please leave your answer as a comment):  have you looked into these sources of aid?  All of them?  What have you found so far?

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 - 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 (This post)
  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