Top 4 Places for Financial Aid for International Students

Funding college can be expensive, especially if you have to pay for your education overseas. Most students rely on their own personal savings and get help from family members, however this many not necessarily be enough to cover all of your costs. With most degree programs taking four years, and sometimes even longer, getting an international education can certainly add up. If you are looking to get financial aid for your education overseas, we recommended looking at the following sources:

– Institutional Help – Many colleges and universities offer some sort of financial assistance to their international students. While some schools offer more than others, get in touch with your international student advisor to see what’s available, how competitive it can be, and whether you can rely on it. You will also want to find out when you need to apply and be sure to write down any deadlines in your calendar to make sure you don’t miss any deadlines.

– Private Scholarships & Grants – Universities aren’t the only organization that provides financial assistance to international students. Home country governments, host country governments, non-profit organizations, and international companies do support studying abroad through scholarships, grants, and other awards. Be sure to do your research to find out which awards are available so that you can apply and increase your likelihood of winning awards.

– Work in the US – Many visas have restrictions on the type of work you can do and in what capacity you can do it. Many schools do have openings for part-time employment opportunities that are available to international students. To find out what’s available, check out your school’s current openings and make sure that you are eligible. Remember, payment is minimal and should be expected to cover only ancillary expenses.

– International Student Loans – International students can apply for an international student loan as long as they have a US cosigner. This cosigner must be a US citizen or US permanent resident with good credit and who has lived in the US for a minimum of two years. If international students have a cosigner, they can apply for the total cost of their education minus any other financial aid they’ve received.

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Posted in Budgeting Tips for International Students, Study in the USA, Work in the USA