What is a Grant?

May 14th, 2012 by Jennifer Frankel

If you are an international student looking for additional financial aid to support your education overseas, it is important to first maximize the funding that does not require repayment. Most students in this situation look to not only scholarships, but also grants.

You may be asking yourself, what is a grant?

A grant is a type of financial assistance that is given to a students without the need to pay it back. With loans, for example, you are required to not only pay back the amount you borrowed but also pay an additional fee called interest. While this can be an important resource for many students, you will want to use this to cover any secondary expenses that you cannot fund personally – or through a grant or scholarship.

Grants are typically given to undergraduate students which considers the financial need, cost of attendance, and enrollment status. While many US students get this funding from the US federal government, many colleges also give grants to both US and international students alike. While most US Foundation grants are given to US students, there are some opportunities for international students as well!

Programs like Fulbright and select colleges and universities provide grants to international students. If you are interested, be sure to contact them directly and find out about their requirements and deadlines. Many colleges and universities looking to attract international students to their campus also offer financial aid packages available to international students.

Before you begin applying for grants, be sure to also check eligibility and make sure that they do award funds to international students. If you are ready to see what grants you are eligible for, check out the Scholarship and Grant Search which has been designed specifically for foreign students.

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