Today, at 2:00 pm EST International Student Loan will be featuring their next FREE hangout on 8 Steps To Write A Killer Scholarship Essay. You will not want to miss this discussion, where one of their financial aid representatives will be discussing:
- How to brainstorm your essay
- Tips and tricks to make your scholarship essay stand out
- Proofreading and editing
This discussion will all be focused on scholarship essays for international students, so don’t miss your chance to get the specifics. If you have used our scholarship search, then you know that most scholarships require you to have an essay enclosed in your application. The essay is one of the important considerations for the award panel and can be the reason an applicant is selected as the most deserving. You can spend hours applying for the many scholarships out there for international students, but it won’t matter if you don’t have a good essay.
Let International Student Loan help you with their Google Hangout today at 2:00 pm EST. All you need to do is click this link, and log in to join the conversation. You’ll also have a chance to ask all your questions live online, so be sure to create a calendar reminder and join the conversation.
As many countries actively pursue an increase in international student enrollment, often facilitating such an endeavor with financial incentives and assistance, Singapore appears to be bucking the trend. Instead, Singapore has been reducing the number of international students receiving tuition grants and restricting the number of international students allowed to study at universities in the country.
- Since 2010 the number of international students receiving tuition grants in Singapore has decreased over 30%.
- In private and polytechnic universities, around nine percent of international students received tuition grants to study in Singapore in 2010, where less than six percent did so in 2013.
- In publicly-funded universities the current figure is 13 percent, down from 18 percent in 2010.
Moreover, this is in a country already famous for capping the number of international students enrolled in its country’s higher education system.
- An announcement several years ago by Singaporean Education Minister Heng Swee Keat had indicated that Singapore would be pursuing a strategy to limit the number of international students enrolled in its higher education system.
- The cap on the number of international students is intended to reduce the percentage of international students below 15% of the student body while advancing opportunities for Singapore nationals.
- To that end, an additional 2,000 student positions were created and made available exclusively to students from Singapore at the same time the number of international students positions had been capped at 2011 levels.
So, if you happen to be an international student interested in studying abroad in Singapore (home to a university that has consistently been ranked around the 24th best in the world, and a highly developed economy) it would be in your best interest to act quick! Moreover, given the cut in tuition grants and funding available to international students in Singapore, searching through scholarship databases and finding alternate sources of funding would be your absolute best move (in the event you don’t happen to be one of the lucky 13%).
Our partner, International Student Loan, will be hosting a free discussion to help you can get an international scholarship. Mark your calendars for this Thursday, January 30th at 10:30 am EST for a free webinar – full, now closed! where you’ll learn:
- Where to look for scholarships
- How to make your application stand out
- Best practices to keep organized
Not only will you get to learn about important scholarship topics, but you’ll also have the chance to hear from three financial aid experts. With their background, you’ll have the chance to see what award administrators are looking for and how to put together an application that sets you a part from the thousands of other applicants.
This 30-minute long discussion on how to get an international scholarship will also give you the opportunity to ask your questions live! Experts will be able to give you the insight you’ve been longing for!
Space is limited so be sure to register now before the webinar fills up. Register now – full now closed! before it’s too late.
Exchange rates can mean the difference of losing or making a few dollars with each transaction. When it comes to credit cards, cash, debit cards, wire transfers, and ATM fees, you should expect to pay more for the service of converting one currency to another. Be sure to understand how each of these methods work so that you have the lowest fee and the best exchange rate.
Know The Conversion Rate
With so many methods of payment, it’s important to contact your bank and credit card company to understand exactly how the charges work. Remember, exchange rates vary by the second, but that doesn’t mean that you will get that exact rate. You’ll want to ask:
- What exchange rate do you use?
- Where can I find this exchange rate?
Since the rates fluctuate so often, and in some cases dramatically, you’ll want to check the exchange rate regularly to know what rate you’ll get and when you should make large purchases.
Check For Any Fees
Many credit cards charge an international transaction fee added on to each purchase. The good news is that there are some cards that waive this fee altogether. If you plan to go abroad for a lengthy period of time, consider looking into one of these credit cards and this can certainly save you money in the long-run.
Not all banks are available worldwide and you may be charged a fee by your bank as well as the bank you use to withdraw money. Take some time to investigate the presence of your bank in your host country – do they have ATM’s in your destination country? If not, do they have a partnership with another bank in your destination country? Either way, it’s important to ask how your debit card will work overseas and what the fees are.
Exchanging money is another way that you can get local currency, but try to avoid doing this at the airport, train stations, or over touristed areas since it is typically more expensive. Remember that the rates given by a bank or currency kiosk can vary, and thus you’ll need to evaluate your options. They all will include a fee to convert one currency into another. The best place is typically at a bank, although in some cases you can find favorable rates in hotels.
Overall, credit cards and debit cards are typically the best way to get local currency (that is, if ATM’s are available in your host country) and to make large purchases. Be sure to ask about security on your credit/debit card, however, to make sure you understand the policies in case your cards get lost or stolen.
Want to learn more about exchange rates? See how to make exchange rates work for you.
December is here! And before you head off for winter break, it’s important to also think about your finances. Set a few hours each day searching for awards and applying so that you’ll be in good shape in time for the new semester. Our Scholarship Search makes it easy to do, here’s how:
Create an account to allow you to search, save and apply for the awards of your choice. Totally free, all you need to do is register here.
- Search awards
Once you have registered, now you can search awards based on the name of the award, what you are studying, where you are studying, or where you are from. You will be able to narrow down the awards to those your are eligible for.
You will be able to get the information you need to apply for the scholarship. Fill out the appropriate forms and submit the information directly to the organization of your choice.
Not ready to apply? You can also bookmark the awards that you are interested in, and come back later to apply. Yes, it really is that simple!
Scholarships, grants, and fellowships are the perfect award as it is money given to you that is not required to pay back. Depending on the award, you may need to show that you need the money, or it may be based on merit.
If you still need additional help funding your education overseas, then an international student loan can cover the gap. Unlike scholarships, grants, and fellowships, loans require that you pay back the money with interest. Our Comparison Tool will allow you to select your school and citizenship, and find the available loans that will work for you.
Want more information on scholarships? Check out our scholarship blog posts.
This week is a very important week in International Higher Education as it is International Education Week – and thus the week in which the Open Doors Report 2013 is released. In this report are facts and figures that show trends and changes with international students.
As we continue to sift through the data, we were of course especially interested to see what are the Primary Sources of Funding in 2013. As it comes to many as no surprised, the overwhelming majority of international students (63%) reported that their financial support was primarily covered by their own savings or with the help of their family. As a distant second, 20.7% of students said that US colleges and universities were their primary financial support.
In reviewing this data compared to last year, however, the majority of the increase in funding is coming from the U.S. and Foreign Governments. For those of you who have their finger on the pulse of international higher education, it comes as no surprise.
Saudi Arabia had a 30 percent increase in the number of international students in the US compared to last year. This brought the grand total of Saudi students to 45,000 in the US during the 2012-2013 academic term. The bulk of these students are finding their financial support through the Saudi government scholarship program which has given many students the opportunity to get their degree in the US.
Also seeing a spike in international students to the US is Kuwait, who has a governmental scholarship program that helped contributed to the 37 percent spike of Kuwaiti students in the US. This makes the grand total of Kuwaiti students at 5,100 – boosting them up to the top 25 sending countries.
That’s not all, Brazil also saw a 20 percent increase compared to last year, where the majority of the 10,900 Brazilian students are being supported on the Brazil Scientific Mobility Program that has also given students the opportunity to pursue their undergraduate degree in the USA.
Interested in seeing the data? Check out the Open Doors Report and let us know your thoughts.
Dan Beaudry is the former head of campus recruiting at Monster.com and former associate director of corporate recruiting at the Boston University School of Management. On October 10, Beaudry presented “How International Students Can Find Employment in the US” to students at Drexel University, and shared his knowledge of the job search system which he has used to help international students.
Drawing on his own experience, Beaudry shared innovative networking ideas that are valuable for both international and American students. For many international students, the word “networking” is an intimidating term that begins following them the moment they set foot on campus, evoking images of overwhelming career fairs at which they find themselves jockeying with dozens of other students for the recruiters’ attention.
This association can prove especially daunting for international students. After all, how are international students supposed to compete with their American peers when they are often conversing in their second or third language? According to Beaudry, you may not have to.
Many international students dream of studying in the US. However, the cost of such an education is quite high, and many international students end up having to pay that full cost, as international students are not eligible for federal aid programs such as Stafford and Perkins loans or many local scholarships. Some schools in the US offer need-based aid to international students, but such aid is generally offered on a very limited basis. For this reason, many international students believe that it will be impossible for them to study in the United States.
However, international students with a dream of studying in the US shouldn’t despair; US News recently conducted a survey of nearly 1,800 colleges and universities for their 2013 survey of undergraduate programs, and found that nearly 345 ranked US colleges offered financial aid to at least 50 international undergraduate students during the 2012-2013 school year, with the average scholarship totaling $17,721. The study found that some of the top ranked schools in the United States proved to be particularly generous to international students. Read the rest of this entry »
Students who are interested in studying internationally have a lot of decisions to make before they can begin planning. The most important of these decisions is, obviously, what country to study in. A number of factors go into this decision, including area of study and any language barriers that might arise, but one extremely important factor is the issue of cost. As an international student on a budget, you must be very aware of costs such as tuition fees and living expenses in the country in which you are studying.
We will be doing a series on the most expensive places for international students to study, beginning with number one: Australia. According to a recent study by HSBC Bank which compared the combined cost of university fees and living expenses in major countries, Australia is the world’s most expensive country for international students to study. The typical annual cost for international students is $38,516 in Australia, $35,706 in the United States, $30,325 in the United Kingdom, and $26,011 in Canada—all of which are main competitors in international education. Read the rest of this entry »
As an international student in the US, chances are you have to worry more about funding your education in the US than your domestic peers do. Because international students do not qualify for federal loans and often have to pay out of state tuition at state colleges, they generally end up paying more for their education than US students.
This infographic seeks to help international students explore their options when it comes to funding their education in the US. Renata and Cristian are both international students, one at a private university, the other at a community college. Like 63% of international students, each primarily rely on personal and family support to pay for their education. However, when something comes up, they both have to find different ways to support themselves.
We hope that this infographic will prove helpful to you as you learn about your different funding options. With the right combination of financial aid, we are certain that you will be able to afford your US education.
Click the infographic above to zoom in.