Study USA – Creating a Budget

June 22nd, 2011 by admin

One of the most important parts of international education is figuring our what you can afford.  Can you attend that high-priced private school in an expensive city?  Or is a more affordable option required?  You can get basically the same education in an area with a lower cost of living, or attend a state school or community college.  You can work, get loans and apply for scholarships.  But until you know how much money you will need, its hard to figure out how you’re going to get it.

Creating an overall budget is a critical part of affording your study overseas.  Truly, there are options for people regardless of what your overall budget is, but you have to know the budget to know your options.  The Study USA section of InternationalStudent.com has a good article on creating a budget.  Also review these earlier posts on this blog on Estimated vs. Actual School Budget and Evaluating School Program costs .

With a little effort, you can have a much better handle on where your money will be going, and what schools and programs you can afford.

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Hult MBA Offers Scholarships to African Students

February 24th, 2011 by admin

Hult International Business School is a highly regarded business education institution, offering MBA, Masters and Undergraduate programs in five locations around the globe: Boston; San Francisco; Dubai; London; and Shanghai. Hult was ranked the 27th best business education in the world, and the 17th best business education in the U.S. by the Economist Intelligence Unit. The Financial Times has also recognized it as one of the Top 100 business schools worldwide.

Hult offers a very popular one-year MBA program, which allows you to study at up to three of their five worldwide locations. Finishing in one year instead of two, as required by most MBAs, can be a very efficient way to improve your career opportunities faster, saving you money on the way.

Hult also offers scholarships to deserving, accomplished students.  See Hult’s profile page on International Scholarships to see more about their scholarship offer for students from Africa:

http://www.internationalscholarships.com/

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Rotary Clubs a Great Source of Scholarships / Georgia Student Rotary Program

February 4th, 2011 by admin

Rotary clubs around the world are a great source of scholarships for international study, and for any student trying to study abroad, Rotary Clubs should be top on the list to research any relevant scholarships. For instance, Rotary Clubs in the State of Georgia (USA) have sponsored the Georgia Rotary Student Program since 1946.

The GRSP brings in 80 international students per year for one full academic year, and pays their tuition, book allowance, meal allowance and on-campus room, at a college or university in the State of Georgia, USA. To be eligible, you must be between 18 and 25 and be an undergraduate student in your home country, and have never studied in the USA. In addition, you must be recommended by your home Rotary Club. Visit the Georgia Rotary Student Program website to learn more about their international scholarships.

Also, you can read a good story about Benjamin Ikaal from Kenya, who is a Rotary scholarship recipient studying at Valdosta State University in Valdosta, Georgia.

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December 8th, 2010 by admin

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    Sources of Funds for International Students in the US

    March 5th, 2010 by admin

    Each year, the Institute of International Education publishes the Open Doors Report, packed full of information about international students in the US, US students abroad and trends in international education.

    One of the tables I check out each year is the Primary Source of Funds table. This shows the primary source of education funding for international students in the US, and it really has not changed much over the past five years. The online table is great, and shows that most international students at US colleges and universities still must rely on their own funds to pay for their education — like family funds, loans and savings.

    But the printed report is even better, as it breaks the data down by academic level. IIE just released the full printed 2009 Open Doors Report, and the data shows that the overwhelming majority (81.9%) of international undergraduates in the US are self-funded, while less than half (48.8%) of international graduate students cite personal and family funds as their primary source of funding.

    The next set of numbers shows how those graduate students are funding their education – with help from their school. 43.3% of international graduates receive their primary funding from their US College or University, while the number is only 9.1% for undergraduates.

    Here’s the full data table from the 2009 Open Doors Report showing the primary source of funds for international undergraduate and graduate students in the US:

    Primary Source of Funds % undergraduate % graduate
    Personal & Family 81.9 48.8
    U.S. College or University 9.1 43.3
    Home Government/University 3.9 3.1
    U.S. Government 0.3 0.8
    U.S. Private Sponsor 1.4 0.9
    Foreign Private Sponsor 2.1 1
    International Organization 0.1 0.3
    Current Employment 0.2 1
    Other Sources 1 0.8
    Total 100 100

    Graduate students are much more likely to receive financial assistance from their school, often in the form of assistantships, research grants, etc., whereas very few undergraduates receive any form of aid from their school. This information is quite helpful as you set expectations about how to pay for an international education. There are scholarships for undergraduates, but far fewer than the financing opportunities available to graduate students.

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