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Posts Tagged ‘sources of financial aid’

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.

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