Funding Your StudiesFor students, studying abroad is one of the most valuable experiences that enables them to diversify their studies, advance their careers, and inevitably alter the course of their life for the better. Far too often, however, students are put off from applying to higher education in the United States due to the high costs associated with studying and living in the U.S.
Though international students cannot apply for federal student aid from the U.S. government if not already U.S. citizens or lawful permanent residents, many U.S. universities use other forms to determine financial need. This means that international students may be eligible for financial need or merit-based scholarships funded by the universities. Students are also encouraged to apply to outside scholarships, which may be sponsored by a country government or found online that help fund international studies. When beginning the college search and computing attendance costs, students should reach out to the institution's financial aid office regarding eligibility. International students are immensely important and valuable to diversify and expand institutions' student bodies. In many cases, there are scholarships and programs specifically reserved for exemplary international students. Institutional aid is most commonly how international students fund their higher education, but students should always make sure to check with the institution's financial aid office to confirm such aid is offered to international students. When applying for this type of aid, schools may require students to fill out the International Student Financial Aid Application (ISFAA) or the CSS Profile. Some universities may also have their own forms. Information collected will include family assets, expenses, and income. If finances are of concern for international students, it is advised students applying for financial aid look for universities that award based on merit, then those that award aid based on need. It is also important to note that upon receiving an award letter, students may negotiate with the institution to try to receive more aid if the award does not match the student's need. While negotiating may not always increase the award, it is helpful to try. |
Financial ResourcesAttempting to understand how you can fund studies abroad is stressful. However, CCC has compiled several useful resources that can be used to mitigate this and streamline the college application process. Feel free to check out how you can make your dreams a reality below!
NAFSA: Association of International Educators provides a comprehensive guide explaining the financial aid process for undergraduate international students. When researching different universities, International Student is also a great source to use in navigating what institutions accept international students. Online Scholarship Search
Home Country Your home country can also be a source of funding, either from organizations or companies based in your country or the government. Bear in mind, however, there may be some conditions related to the funding upon completion of your studies, such as returning to your home country. Government Funding in Macedonia Available to Study Abroad (In STEM Fields, Economics & Finance and International Law) U.S. Government While international students are ineligible for U.S. federal aid such as Stafford Loans or Plus Loans, there may be sources of funding for those coming to study in the U.S. Reach out to the U.S. Embassy in your home country to inquire about any special programs. International Student Loans International students may not take out U.S. government-backed loans, but are eligible for private international student loans. To qualify, you will need to meet specific eligibility requirements like attending an approved school and having a cosigner in most cases. If you decide to apply for a loan, it is important to be careful about taking on too much debt. You should only borrow what you truly need to cover the cost of studying and living in the U.S. Compare loan options here. Employment When considering funding sources for educational and living expenses, it is important to remember that you cannot count on working in the U.S. unless you have been granted a teaching or research position. Immigration regulations are very strict with respect to working while carrying a student visa. F1 status, which is the most common status for full-time international students, allows for part time, on-campus employment (fewer than 20 hours per week.) J-1 student status allows for similar employment, with similar restrictions, as long as permission is given by the exchange visitor program sponsor. Jobs available on campus typically do not pay much, certainly not enough to finance an education. Do not count on this kind of a job for anything more than a supplement to other funds. If you are careful and plan out your financial needs, you will be better able to enjoy the exciting academic and cultural experience of living and learning in the United States. |
Useful Articles
Colleges Giving International Students the Most (and Least) Financial Aid*
The 25 Best U.S. Colleges for International Students (in terms of Financial Aid)
U.S. News College Compass
What Financial Aid is Available for International Students?
10 Universities Where International Students Get Aid
Schools that Grant Financial Aid to International Students: A Complete Guide
Paying for College
The Complete Guide to U.S. Financial Aid for International Students
*It is important to take articles like these with a grain of salt as each financial aid package will vary from student to student. Nevertheless, it is a good starting point to understand the general trend of awards at specific universities to make a well-informed decision during the college process.
Colleges Giving International Students the Most (and Least) Financial Aid*
The 25 Best U.S. Colleges for International Students (in terms of Financial Aid)
U.S. News College Compass
What Financial Aid is Available for International Students?
10 Universities Where International Students Get Aid
Schools that Grant Financial Aid to International Students: A Complete Guide
Paying for College
The Complete Guide to U.S. Financial Aid for International Students
*It is important to take articles like these with a grain of salt as each financial aid package will vary from student to student. Nevertheless, it is a good starting point to understand the general trend of awards at specific universities to make a well-informed decision during the college process.