Deadline: July 9th at 3pm EST
International Student Loan and International Student have combined forces during the month of July to bring you three great chances to win $100! Yesterday the Financial Aid Fun contest was announced and today question 1 of the Financial Aid Fun Contest released! All you need to do is find the correct answer to the question (you can find help here), then post the correct answer either to this blog or one of the following:
If you submit the correct answer you’ll be entered into the drawing to win $100! You only have until July 9th at 3pm EST to submit your answer, so make sure you post your answer as soon as possible!
The question you must correctly answer is:
What is a co-signer?
Time is limited so start searching now and post your answer before the deadline. If you aren’t the winner this week make sure you come back next week. There will be a new question posted, meaning a new chance to win $100!
If you missed the announcement of the winner for the first question- here he is:
“A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt. In other words, the cosigner is taking on a huge responsibility for the international student loan or study abroad loan since they are being asked to accept the responsibility of paying back the total loan amount plus any interest.”
Congrats Islam! For those who did not win, don’t worry, just answer our next question for a chance to win!
As the United States continues to admit an increasing number of international students to US schools, international students are faced with deciding where, in such a large country, they will be able to make the most of their study abroad experience.
Immediately thoughts of famous US cities spring to mind—New York, Chicago, Los Angeles, Miami, etc. However, there are a number of reasons why international students might want to consider studying in a smaller US town.
Studying Abroad in Smaller US Towns VS Larger US Cities Read the rest of this entry »
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%).
Why Study in Taiwan?
Aside from Taiwan’s cultural features, proximity to China, and reputation as a stable and powerful economic world player, the nation has a highly praised education system— in fact, Taiwanese students boast some of the highest test scores in the entire world (particularly in the fields of mathematics and science). What’s more is, for international students, a new national directive has made studying in Taiwan more accessible than ever before.
International Student Enrollment Increases in Taiwan
Taiwan has recently issued a national directive and strategy to increase their international student enrollment to over 150,000 students by 2020. Over the next six years, Taiwanese universities will offer increased aid to international students seeking to study there, as well as permitting Chinese students who decide to study in Taiwan the ability to access healthcare and hold jobs (something Chinese students were previously unable to do in the state).
Taiwan aims to double international student enrollment, making the number of international students over 10% of the total student population within six years. To do this, they plan on using a number of financial aid mechanisms to attract students from around the world. However, international students considering this opportunity should act quick—Taiwan’s international student population has more than doubled since 2008, and the current enrollment incentives won’t last forever!
—Study Abroad in Taiwan Recap—
- East Asian island state with a population of over 23 million
- Democratic government
- Highly developed and stable economic sector (considered one of the four “Asian Tigers”)
- A renowned education system that produces some of the highest international test scores
- Currently hosts over 78,000 international students
- National initiative to attract over 150,000 international students over the next six years
- The number of international students in Taiwan has far more than doubled since 2008
- International students projected to make up over 10% of Taiwanese student population by 2020
When it comes to numbers of international students, the United States and United Kingdom top the list, with Australia at a rapidly climbing third place. However, a fourth country is attracting more and more international students every year: China. If you are considering studying internationally, you might consider China for your list of potential host countries.
On Thursday, October 24, the Ministry of Education reported that in 2012, a total of 328,330 international students hailing from 200 countries and regions studied in China. This number is up 12.2% from 2011, according to the ministry. The ministry continues to work to attract more international students to China; the director of the ministry’s international division, Zhang Xiuqin, said that “We plan to attract 500,000 overseas students by 2020, which will make us the largest receiver of international students in Asia.”
One method of encouraging international students to study in Asia is by offering scholarships to students who otherwise may not be able to study internationally. Last year, the Chinese government provided scholarships to 28,700 international students, according to Zhang. These students studies in the country’s 690 universities and research institutions, as well as other educational organizations. Read the rest of this entry »
Another one of our readers wanted to know about financial aid in Norway. Although by law, education is free for anyone living in Norway, Norway is expensive. The living cost in Norway is higher than most of the rest of the developed world. For this reason, students must plan well in order to manage their living costs. They can work part-time up to 20 hours per week, but in many cases this may prove to be insufficient. If this is the case, there are several financial aid and scholarship options available for international students studying in Norway.
However, the competition for these scholarships and financial aid is high. Acceptance for aid in Norway depends on the student’s academic background, the country in which they reside, and the course they study.
There are national programs offered by the Norwegian government, as well as various other programs offered by both private and non-profit organizations to provide scholarships and other types of funding for international students to help support their studies and stay in Norway. The Norwegian Center for International Cooperation in Higher Education (SIU) is a public administrative body under the Ministry of Education and Research in Norway that promotes international cooperation in education and research and administrates several programs under which international students are eligible for financial support.
We previously announced the InternationalStudent.com Essay Contest that was open for international students around the world to enter into to share their story and have a chance at one of the top three prizes: $200, $75 or $25.
The judges at InternationalStudent.com spent the month of September narrowing down each international student essay to find the essay contest winners. On September 19th the top six finalists were announced to be the following individuals:
- Sofia Camacho
- Atajan Abdyyev
- Simone Lim
- Eshul Rayhan
- Milan Djurasovic
- Maan AlBani
Today InternationalStudent.com announced the top three essay contest winners and here they are:
1st Place ($200)- Milan Djurasovic
2nd Place ($75)- Sofia Camacho
3rd Place ($25)- Eshul Rayhan
Read each of the finalist and top winning essays for an inside look at what it’s like to be an international student.
One of our readers asked us to do a special piece on financial aid in Ireland, and we thought – what a great idea. After all, many international students studying in Ireland find that they cannot do so without some form of financial assistance. If this is the case, there are several financial aid options for these students. We’ve compiled a short list of the types of financial aid in Ireland.
A limited number of scholarships for international students are available from the universities and colleges themselves. These scholarships are awarded solely at the discretion of the individual institutions that set down their own criteria for eligibility. To learn more about scholarships offered by your school, you are advised to contact the school directly. There are also scholarships available for other organizations – you can find a comprehensive list of available scholarships for study in Ireland on our Scholarship Search.
InternationalStudent.com has launched their 8th Annual Travel Video Contest! Like in past years- the contest is open to students who would like to study outside their home country, as well as to students who are already studying abroad and would like to take a trip.
Eligible individuals can enter their short video into the contest from September 3rd through October 23rd. The finalists will be announced the week of October 28th and the winners will be announced the last day of International Education Week: November 15th.
One grand prize winner will receive $4,000 toward their travels abroad along with their very own blog to document the trip on InternationalStudent.com! Keep in mind that judges want to hear about more than where you want to go and why you need the financial help to get there. To be the 8th InternationalStudent.com Travel Video Contest winner you will need to tell your story in such a creative and original way that it’ll make the judges want to watch your video on repeat! Just keep in mind that your video must be less than 5 minutes and you must be over the age of 18. Read the rest of this entry »
Billionaire and Blackstone Group founder Stephen Schwarzman has announced the creation of the Schwarzman Scholars program at Tsinghua University in Beijing, China. It’s mission? Schwarzman Scholar Program sends students to China. The scholarships, to be funded by Schwarzman’s own $100 million dollar donation as well as $200 million more from other international donors, will function similarly to Oxford’s prestigious Rhodes Scholarship though will obviously allow students to study in China rather than the U.K.
Starting in 2016, 200 international Schwarzman Scholars annually will get the opportunity to study in China at one of the country’s most prominent educational institutions in an all-expenses-paid, year-long program in Public Policy, International Relations, Engineering, or Economics & Business. These elite students will then leave the program with a Master’s Degree.
Schwarzman hopes that encouraging students from around the world (though scholars from the United States will represent the largest proportion) to study in China will foster an enduring academic and cultural relationship between the rapidly rising China and the rest of the world. Classes in the Schwarzman Scholars program will all be taught in English, further emphasizing the program’s mission of connecting Western, English-speaking powerhouses like the United States and the United Kingdom with the increasingly relevant China.
The Schwarzman Scholars program’s international commitment is also reinforced by its impressive advisory board, which is graced by influential figures such as former British Prime Minister Tony Blair, former U.S. Secretaries of State Henry Kissinger, Colin Powell, and Condoleezza Rice, and even famous cellist Yo-yo Ma.
The Schwarzman Scholars program represents a very exciting new opportunity for U.S. students looking to study abroad. With its high level of prestige in its host university and advisory board, setting in an emerging world superpower, and its fantastic zero dollar price tag, the program looks poised to provide quality international education to students when it does kick off in 2016.
*Photo Courtesy of BusinessInsider.com