Posted: Posted Date – 6:19 PM, Sat – Aug 6, 22
Hello readers! In last week’s column, we concluded Step 1 of EducationUSA’s “5 Steps to Study in the United States” and today we’ll continue with “Step 2: Fund Your Education.”
Before committing to a university, it is important to consider funding. To create an accurate budget, students and their parents should be aware of the cost of completing their program at the universities of their choice as well as the financial support opportunities available to draft the student’s financial documents accordingly.
Again, students should view institutions’ financial information (tuition, cost of living, course materials, insurance, etc.). To find it, go to the university’s admissions page or the bursar’s webpage*. When researching tuition fees, students should look for the non-resident rate, since they are international students. These numbers can vary by program, location, and institution, so be sure to check each college or university on your list.
Funding sources may include:
• A sponsor (parents, family or third party sponsor)
• Financial aid (scholarships, fellowships and other US university sources)
• On-campus work/training opportunities
• Financial aid and scholarships through foundations/agencies
International financial aid from US universities can be competitive, but there are other ways to get financial aid. Information about scholarships and similar opportunities can be found on the institution’s financial aid page. Here you will be able to find out if they offer these opportunities to international students. This information varies by institution, field of study, department, academic background, and work experience of the student.
When applying for university funding, students should research which departments provide assistance and ask them for registration forms/links. Decisions regarding financial aid can be made either by a specific department or by the doctoral school (sometimes they are made by both).
The college funding application process can be quite long and complex, so students should carefully review all documents.
For U.S. higher education institutions, financial aid applications are typically submitted with the rest of the student’s application. Either way, try to submit your application as soon as possible for consideration.
When considering financial support, some US colleges and universities may seek:
• High standardized test results
• English proficiency
• Good academic references
• Letter of recommendation
• Previous research or teaching experience
For more information on funding resources, students applying to US colleges and universities can use these websites: www.fundingusstudy.org, www.finaid.org and https://educationusa.state.gov/your-5 -steps-us- study/finance-your-studies/graduate.
Next week, we will continue and discuss Financial Aid Document Submission Requirements and Financial Aid!
(*A bursar is the manager of the financial affairs of an institution.)