Mexican Government Full Scholarship Program for International Students

July 31st, 2015 by Jonathan Frankel

low costMexican Government Full Scholarship Program for International Students
Deadline: August 31

If you would like to be an international student inside Mexico, now is a great time, especially if you need financial assistance. The Mexican Agency for International Development Cooperation (AMEXCID) is accepting applications from foreign citizens who would like to pursue an undergraduate or graduate level mobility program, a master’s or doctorate, or to participate in graduate or postdoctoral research.

To be eligible to apply for this scholarship, you must be from specific countries. A few of these countries include:

  • United States
  • Canada
  • Antigua and Barbuda
  • Bahamas
  • Barbados
  • Brazil
  • Chile
  • Colombia
  • China, People’s Rep.
  • India
  • Indonesia
  • Japan
  • Germany
  • Great Britain
  • Greece
  • Angola
  • Benin
  • Australia
  • Iran
  • Iraq
  • Anguilla
  • Bermuda

This scholarship includes items like tuition, round trip airfare, health insurance, and a monthly stipend. Get more information on the Mexican Government Full Scholarship Program for International Students including the full list of eligible home countries, and see if you’re eligible to apply.


DirectTextbook.com Essay Contest Scholarship

July 16th, 2015 by Jonathan Frankel

flying moneyDirectTextbook.com Essay Contest Scholarship
Deadline: July 28th

Would you write an essay for a chance to receive $3,000? If so, make sure you enter the DirectTextbook.com Essay Contest. This contest will award one first place winner $3,000, one second place winner $1500, and one third place winner $250.

Applicants can be studying in any country around the world, but must be a US citizen who is currently enrolled in an accredited 2 or 4 year college or university this upcoming Fall semester- both graduate and undergraduate students are able to apply. There is not a specific degree program that applicants must be pursuing, however, they must have a GPA of 2.0 (on a 4.0 scale) or higher and cannot be currently incarcerated.

To enter this contest, applicants must submit an essay that answers the following question:

“What is compromise and how do you know when to compromise and when not to compromise? If you think you should never compromise explain why.”

Answers to this essay question must be original and 500 words in length.

Get more information on the DirectTextbook.com Essay Contest and see if you’re eligible to apply.


5 International Student Loan Terms you Need to Know

July 2nd, 2015 by Jonathan Frankel

Loan blogThe world of international student loans can be confusing, especially if you’ve never obtained a loan and English is not your first language. Because of this, we’ve created a list of the top international student loan terms that you need to know and understand before you start the hunt for a loan.

Cosigner: A cosigner is someone who is joining the loan application with you. If you’re unable to repay your loan (yes, you must pay back what you’ve borrowed) the co-signer then takes over your repayment responsibility. To be a cosigner on your international student loan, they must be a US citizen or resident who has lived inside the US for the past two years and has good credit history. The better your cosigner’s credit history, the lower your APR will be.

Repayment Period: This refers to when you must start the re-paying of your loan and how often- something that will vary from one lender to the next. Check these terms, and know exactly when you will need to start paying back what you borrowed.

Interest Rate: An interest rate is the percentage of the amount borrowed that the lender can charge interest on to the borrower. The higher the interest rate, the more you must pay back in addition to what you borrowed. The interest rate will change depend on the market and can come in one of two categories: fixed and variable. A fixed interest rate is a rate that will remain the same from the time you agree to take out the loan to the last payment you make. A variable interest rate will fluctuate over time depending on the market, and can be more risky, depending on the market.

Annual Percentage Rate (APR): While looking at terms based around repayment, let’s discuss exactly what an APR is, and how it can affect what you must pay back to the lender. When comparing loans, you will want to compare the APR and look for the lowest rate possible- the lower the APR, the less you pay. One key item to keep in mind: the APR and interest rate are not the same. The APR will help give you a more accurate look at the total cost of the loan including the interest and fees. Don’t let a low interest rate trick you into thinking you’re getting a deal- also check the APR.

Credit score: A credit score is based upon credit history and given in a credit report which reflects a score between 300 and 850. Your cosigner’s credit score will be evaluated when you apply for a loan- the higher the credit score, the better your chance will be of getting approved and being able to receive a low APR.

If you would like to receive an international student loan, start comparing lenders that work with your school.