Archive for January 2012
WHERE THERE’S A WILL, THERE’S A WAY TO PAY
I was accepted into school! Now what?
You have just received noticed that your school of choice has accepted you. You’re ready to pack your bags and head off on your adventure into a new world of academic studies abroad. It’s time for a celebration! HOLD ON. The first semester tuition is $10,0000! That doesn’t include housing, transportation, or textbooks. Now you’re questioning your decision and wondering how to make your dreams of studying in the US a reality.
America is known as the “land of opportunity,” but the reality is that everything comes with a price. International students have a high price to pay if they don’t have the proper funds, eligibility for scholarships, or know how to figure out how to pay for additional expenses. Exploring a different country is appealing, and it can be rewarding meeting others from across the globe. Finding the proper financial assistance can be an overwhelming task when there are few monetary resources and a small network to pull together funds.
How am I going to afford to pay my bills?
Are there any scholarships available to international students?
How can I save money?
What resources are available to international students on campus?
According to InternationalStudentLoan.com, in the last year “over 670,000 international students came to the USA to study at universities and colleges.” As more students pursue undergraduate, graduate, or post-doctorate programs in the United States, many are asking questions pertaining to financial aid, housing, Visa status, taxes, and more to make their educational experiences possible.
Early on, make sure to consider the financial aid process after you identified your school of choice and your area of study. There are many deadlines in place to ensure that you are eligible for assistance. You don’t want wait to get into school and realize later you’re stuck with no way to fund your education and make your experience worthwhile. It’s very important to budget yourself while on campus.
Are there different means available for funding to international students?
Some useful tips, suggestions and other websites for more information:
U.S. College or University Scholarship: You might be eligible based on need, nationality, or areas of study for a financial support. Check out the International Student Insurance website for additional scholarship listings, or your college’s website.
Assistantship – As a participating student you can apply and potentially be awarded an assistantship. It’s very competitive with other international and American students to earn this type of financial support while working with a professor or specific department. Some fees are waived or you can be paid a stipend towards your tuition. Apply early and learn of these programs through an advisor or speak with other administrative officers on campus.
Fellowships & Scholarships –A grant could be applied to a higher graduate or doctoral degree to pay for tuition, living expenses, textbook, etc. There are opportunities to also be considered for a Fulbright scholarship. Learn more about these options: Foreign Student Fulbright Student Program, Graduate Studies for Latin American and the Caribbean, Council for International Exchange, and the Institute of International Education.
Working On-campus, or Other Employment: In the US, international students working on campus can only participate for a limited amount of hours per week. Ask your work-study or financial aid office for assistance, as well as research the different for part-time positions that will accept international students.
Student Loan – You might be able to find a loan to pay for part of your educational costs from a bank or lender in your home country. Some U.S. loans might be available but they may have specific requirements. Check out InternationalStudentLoans.com
Funds From Your Country – You might find scholarships or other sources of funds within your home country offered by the government. A university, a private sponsor or employer can potentially support your college tuition.
Payments for School with peerTransfer
A service charge is applied for each transaction when money is transferred from an international bank and wired to the United States to pay for college. The amount your money is worth can also fluctuate on the different currency markets.
Stop wasting money and save it! Wouldn’t you rather have some extra cash to attend a concert with a friend, purchase a collegiate sweatshirt to keep you cozy, or add a new wide-screen television to your apartment or dorm?
SAVE MONEY. SAVE TIME. SAFEGUARD.
Encourage your school to participate or sign-up for peerTransfer to start making easy payments in a secure environment. peerTransfer saves you and your parent’s money. Don’t be bothered paying for unnecessary fees but rather have peace of mind with extra spending cash in your pocket. See if your school is one of the participating peerTransfer campuses. Contact them for more information.