10 Top Sources of Financial Assistance to Finance your Education – No doubt the cost of higher education in the United States is rising every year, and many students are finding that they are not self-sufficient to fund their dream school.
There are many channels you can consider when looking for resources for your education;
Search for scholarships online
Scholarship options and online financial aid options. You can check out following websites provide specific information for international students:
International Education Financial Aid (IEFA) provides financial aid, scholarships to universities and provides information to international students wishing to study abroad.
International Scholarships provides a comprehensive list of scholarships, grants, loan programs, and other information to assist college and university students in their study abroad.
Your country of residence can be a source of funding, either from an organization or company from your country or government.
Examine this option carefully before you go. Remember when you ask for help from your country that there may be certain conditions. For example, you may have to return to your home country after graduation.
There are several international organizations, such as the Fulbright Commission, that provide assistance to students around the world. Other such organizations that offer assistance are:
- World Council of Churches
- Soros Foundation
- World Health Organization
- The United Nations
Many U.S. universities and colleges provide some forms of financial aid to international students though it is limited through the financial aid office.
Sometimes private institutions can reduce or reduce tuition fees; state owned institutions rarely have this option. You should request information about financial aid when applying for an application form at the institution’s admissions office.
The U.S. Government
International students are not eligible for U.S. federal benefits such as Stafford Loans or Plus Loans. However, there may be other sources of funding if you are an international student coming to the United States to study, so contact the U.S. embassy in your country.
Aids From Family Members
The major source of financing for an international student is your family. If you don’t have who can sponsor you, chances becomes lean. Even research shows that nearly 65% of all international students in the United States are funded by family and relatives, and colleges and universities came second. Funding for international students can be competitive, so your family can be another source of income for you to raise money.
International Student Loans
International students are not eligible for U.S. government-sponsored loans such as Stafford Loans or Plus Loans, but international students are eligible for student loan from private institutions.
You just need to meet special licensing requirements such as attending an approved school and having someone co-sign most cases. If you don’t have a cosigner but want to apply for a loan, see if there is a non-cosigner loan you can get. If you decide to apply for a loan.
Jobs on campus often don’t pay much, certainly not enough to fund college tuition. Don’t rely on this type of work for anything more than to supplement it with other funds.
It is important to make long-term, long-term planning to ensure that you will have a satisfying educational experience in the United States. If your financial needs are realistic, you will be able to enjoy more of the exciting experiences of living and studying in the United States.