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
Tax time in the United States is here, with the IRS’s filing deadline of April 15th quickly approaching. Taxes are confusing for anyone, but taxes for international students can add another layer of difficulty given the varying classifications that international students can fall under.
The first thing for international students to determine at tax time is whether they are filing as residents or non-residents. Taxes for international students will mostly fall under nonresident filing status, but to make sure what category you fall under you should go to the Substantial Presence Test on the IRS website. Note that residency status is different from your immigration status, and depends on a number of factors revolving around the dates, length, and nature of your stay in the U.S.
If you find that you need to file as a resident, you can proceed to complete your taxes as any U.S. resident would. Remember that this includes your total worldwide income, not just money earned in the U.S.
But as most taxes for international students are filed as nonresident status, you’ll likely find yourself moving on to the next step: determining whether you’ve had a U.S. source of income. What exactly counts as a U.S. source of income is also outlined in detail on the IRS website.
All nonresidents must file Form 8843. Those without a U.S. source of income get to stop there; nonresidents with a U.S. source of income must also fill out a 1040 NR or 1040 NR-EZ. To fill out either of these latter forms you will need either a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). If you do not have one, you can apply for an ITIN at the time of your filing.
Tax time is a notoriously stressful period for anyone in the United States, and international students certainly aren’t spared. Get started navigating the process as soon as you can so you have time to sort out any snags, and don’t be afraid to reach out to friends, family, or school advisors for help! Check out our partner, International Student’s Tax Return Help, for more information.
* Tax, budget and calculator photo courtesy of Shutterstock
With spring break just around the corner, now is the time for international students to be planning their budget for their upcoming spring break trip. Follow a few key tips and you’ll find you can have a great time without needing a massive spring break budget!
It’s no secret that airline fares and hotel rates rise steeply the longer you wait before you book; this is even truer for a notoriously high-traffic time like spring break. Yet with the hectic start of a new semester getting in the way of talking with friends and finalizing plans, many students wait too long and pay an arm and a leg for their trip. Get on your game a few months ahead of time and reduce your overall spring break budget.
Many schools have organizations that will plan their own spring break trips, whether they involve the organization’s interest (an archaeology club trip to Rome, say) or whether it’s just a fun outing. These trips often come at a discount, especially when they are only open to the members of the sponsoring organization. See if you can find any enticing options like this to help you budget for spring break trip.
Get it all together
You can cut down your spring break budget a lot by booking as many parts of your trip as possible together. Get a flight paired with a hotel with a side serving of shuttle service to and from the airport, and you might save yourself a significant chunk of change.
Reduce incidental expenses
There are a lot of little costs that come with spring break that many students forget to include in their budget for spring break: meals, baggage fees, tips, and so on. Do your best to reduce these costs! Pack your things in fewer bags to avoid exorbitant baggage fees, or pay more for a hotel with a kitchenette and save on going out to eat for every meal. If you don’t include these expenses in your budget they can be an unwelcome surprise, but if you consider them you can curb your spring break spending by quite a bit.
Spring break is a time to explore and have fun, so don’t let a budget issue stop you. Follow the above tips to make sure you can do something great!
As international students prepare to head to college inside the US, one of the decisions they will have to make is whether or not to enroll in a school meal plan. It’s not as simple as deciding how much you’d like to eat! Choosing a meal plan at your school will depend on a lot of different factors.
What Are Meal Plans?
A school meal plan can come in two basic forms: a plan that will allot a certain amount of meals and a plan that will allot a certain amount of money. A meal plan at your school with limited meals has the advantage of being cheaper, but is usually limited to your school’s cafeteria-style offerings and not specialty restaurants (including fast-food locations on campus). Meal plans that charge money from an account can generally be used at any restaurant on campus (and sometimes even at on-campus stores and off-campus restaurants), but you will need to keep close track of your budget so you don’t run out and wind up paying for food out of pocket!
When do I Need a Meal Plan?
Getting a meal plan at your school is almost always a good choice if you fit a certain few criteria. First, a school meal plan will be most useful if you live on or very near campus, allowing you to make it to participating cafeterias/restaurants regularly and get the full benefit of your school’s meal plan. Second, look at the lifestyle you’ll be living in the coming school year. Will you be in a tiny dorm room with just a microwave and mini-fridge? Will you be so busy that cooking your own food is out of the question? If getting a meal plan at your school would positively complement your lifestyle for the semester it can be a great option.
When Don’t I Need a Meal Plan?
If you have specific dietary restrictions, contact your school to find out if any of their participating options available are acceptable to you. Many larger schools will work to accommodate a variety of dietary choices, but if you don’t think you would be happy with what your school offers then skip the meal plan and prepare your own meals. Also, if you’re far away from campus and unable to fully benefit from a meal plan or if you would simply rather prepare your own food, a meal plan certainly isn’t a necessity!
A school meal plan can be a great way to make life easier and to manage your budget. Look into what your school offers and get ready to eat!
For international students who don’t receive significant financial aid and need some extra help funding their education in the USA, finding a job is one of the best ways to make ends meet. But, just like with financial aid, on-campus jobs can be hard to come by for international students due to legal red tape. Here are a couple tips to help you go about finding a job to facilitate your education:
Student visas, such as the F-1 visa, restrict international students’ legal right to work in the United States, even if they need a financial boost during college. Students on a F-1 visa can only work in certain capacities, the most freely offered one is on-campus employment. For on-campus work, an F-1 student is subject to the following rules:
Some exceptions can be made such as if a student is approved for severe financial hardship or an off-campus job on OPT or CPT status. Make sure you check the specific details of your own student visa so you know if you are eligible to work in the United States.
Part of the federal aid that is unavailable to international students is work study, which helps US citizens get on-campus jobs to fund their education. Plenty of on-campus jobs are not officially limited to work study applicants, but work study employees are legally allowed to be paid with federal funds. If you’re an international student worried about finding a job on-campus, check with your advisor to see what options are available and try widening your search to unaffiliated employers in the immediate area where your ineligibility for work study won’t be a disadvantage.
With all the obstacles international students face in finding a job, don’t add getting a late start to your personal list of difficulties! If you are eligible to work in the U.S., start your job hunt before you actually need the money from a job. It may be hard to focus on the job hunt while adjusting to college life, but keep in mind that it is for other students too – so starting on it right away will give you a big head start!
* Photo of paying money courtesy of Shutterstock
What a difference a week makes in the world of financial aid. After all, at this point a week ago, there was every indication that federal student loan interest rates – which had been set to double on July 1st due – would do exactly that. Although both US President Obama and Mitt Romney, his Republican challenger – not mention quite a few members of Congress besides – voiced support for measures that would prevent this automatic increase of interest rates.
With such broad support, in and of itself, there was not enough to reconcile differences between the two parties on how to pay for the bill or, ultimately, to bring the matter to a vote. With the issue of funding unresolved, as Congress approached the weekend (and its weeklong recess to commemorate the US’s Independence Day), the general consensus at the Capitol was that, come the new month, the interest rate on federally backed student loans would jump from 3.4% to 6.8%. While this measure only affects federal loans – and not private international student loans – this would indeed affect those students who plan to study abroad with federally-backed student loans.
In the end, though, what a difference a week makes. In a rare flurry of bipartisanship in the United States, an 11th hour compromise was reached. The leaders of the two major parties in the Senate found common ground on how to pay for the nearly $6 billion cost of the measure on Tuesday and it was this compromise measure that passed the House 373 to 52 Friday and, later the same day, the Senate itself 74 to 19. The US President, who actively called for the legislation, signed it into law on Friday. In so doing, the change is estimated to help more than 7 million students who currently receive Stafford loans by saving them an average of $1,000 each on their loans.
Studying abroad is a great opportunity to continue on track and earn credits, but at the same time broaden your experiences and understanding of the world around you. Depending on your industry, studying abroad can be a great way to distinguish yourself and gain meaningful professional experience. Many students who plan to study abroad can combine their class work with an internship in their field, and improve their fluency in a second (or even, third!) language.
However, many students considering studying abroad may ask themselves if it is affordable. If you are one of these students, there are some important tips that will help you keep costs low for study abroad:
Location. Location. Location. The cost of living in your study abroad destination will ultimately depend on where you study abroad. If you are trying to keep costs low for study abroad, you’ll want to consider a destination that is more economical. Think about your related expenses that you’ll need to cover such as living costs, food, transportation, entertainment, shopping, fitness, laundry and other extracurricular activities. All of these costs will depend on your location. To compare costs, think about not only the country you decide to go to, but also the town or city you choose. If you are dying to study in the United Kingdom, perhaps London might just be too expensive – but what about Manchester or Newcastle? You can still study abroad in the country of your choice, but be sure to investigate the associated costs. Major industrialized cities tend to be much more expensive than neighboring, smaller towns. If a big city is what you want, consider living just outside the city and commuting in, or perhaps consider a big city in a less industrialized country.
Exchange Rates Matter. If you were never finance savvy, here’s your chance to give it a second shot! Exchange rates are the fluctuations of currencies compared to other currency. If you’re a US citizen, more than likely your monetary worth is in US dollars. If the U.S. dollar appreciates (or gains value) compared to your host country’s currency, your dollars can buy even more. If the U.S. dollar depreciates (or looses value) compared to your host country’s currency, you will need more dollars to buy the same amount of goods or services. Over the past year, the U.S. dollar has declined significantly against the Euro and British pound. This means that you need more US dollars to pay for the same goods/services than you would have needed before. So, if you plan to study abroad, it is important to consider this important factor into your decision making. Choose a country where the dollar remains relatively strong and/or stable.
Think Timing. Timing will also impact your wallet! Depending on your study abroad destination, there is a high and low tourist season. Prices from airfare to domestic travel typically fluctuate seasonally. Do the research and plan ahead by trying to coordinate your study abroad trip on an off season period so that prices will be low and in some cases you’ll be able to bargain for better rates. Spring, Fall, or Summer semester gives you the flexibility to choose the best timing to keep costs low for study abroad. Beware, before making arrangements be sure to find out why it’s low season. If you are studying in Costa Rica during the low season, for example, it generally corresponds with the rainy season. Make sure that you are aware of seasonal weather changes so that you are prepared! Also, in some cases, because summer semester is a shorter length of time, rates for a study abroad program are also lower.
We hope that you have found our tips on how to keep costs low for study abroad helpful. We want to hear from you, what have you done to keep costs low when you went overseas?
Benjamin A. Gilman International Scholarship
Scholarship Deadline: March 1, 2012
Are you a US citizen interested in studying abroad? If you are currently enrolled in a two-year or four-year undergraduate degree then this may just be your opportunity to study abroad. Two undergraduate students are awarded this scholarships based on need twice a year to attend a non-traditional study abroad experience. If you have knocked off Western Europe, Australia, and New Zealand, this scholarship may just be for you!
“The Gilman Scholarship Program aims to support students who have been traditionally under-represented in study abroad, including but not limited to, students with high financial need, community college students, students in under-represented fields such as the sciences and engineering, students with diverse ethnic backgrounds, and students with disabilities.”
Those awarded the Benjamin A. Gilman International Scholarships will have program tuition, room and board, books, local transportation, insurance and international airfare covered by the scholarship. Scholarships will depend on the expense, need, and length of program however many awards are around $4,000.
The Benjamin A. Gilman International Scholarship is supported through the International Academic Opportunity Act of 2000 and is sponsored by the Bureau of Educational and Cultural Affairs at the U.S. Department of State. Applications will be available early January here.