Navigating Financial Aid: A Guide for International Students Applying to US Universities

The United States is home to some of the world’s top universities, and it comes as no surprise that it is a popular destination for international students. However, in addition to world-class education, US universities are also known for out-of-this-world tuition costs, particularly for international students. Taking into account housing, food, transportation (including flights back home over the holidays!), books, and daily spending, this number can climb sky-high. These costs can be off putting for prospective students, but fortunately there are solutions to help manage these expenses. 

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1. Look at University-Based Scholarships 

Most universities offer scholarships specifically for international students. These scholarships can include the partial payment of tuition, help covering housing, or even full rides, where the school pays for all associated costs of your education! There are different types of university scholarships that schools offer:

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Need-based aid: For students who are unable to afford the cost of university, some universities will offer financial assistance to international students. Usually, you will need to provide proof through documentation. 

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Merit-based aid: Universities typically also offer merit-based scholarships. These scholarships offer aid based on a student’s academic, extracurricular, or leadership activities. Have a look at your school’s website to see which scholarships you may qualify for, and what is needed for the application. 

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2. Look for Government or Private Scholarships 

Many governments and organisations offer scholarships to international students looking aht studying in the United States. Plenty of websites offer comprehensive lists of merit and nationality-based scholarship options, which could be invaluable in your hunt for financial aid. 

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Tip: If you find yourself applying to many scholarships, it can be helpful to create a table outlining the deadlines, requirements and amount of aid offered by each scholarship. 

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3. University jobs 

Before applying to a job, be sure to look at the work restrictions on your visa! 

If you are in a position to work during your studies, finding a job through your university can prove helpful in alleviating some of the costs associated with studying. Jobs such as library or research assistants, administrative roles, or jobs in campus eateries are generally posted by schools and aimed at current students. 

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However, remember that not everyone can work while studying abroad! Many visas limit or restrict entirely the amount of time that students can work, and violating this may result in your visa being canceled. If you are ever unsure, reach out to your university for guidance.   

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4. Financial Planning and Budgeting 

The price of education isn’t always what is shown online, and there are lots of hidden costs that often take students by surprise. Having a solid financial plan can help you tackle some of these costs before they spring up. 

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Cost research: When calculating the total cost of education, make sure to take into account every cost, not just tuition! Things like books, accommodation, meal plans, entertainment, travel, tutoring, and class materials all quickly add up. 

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Currency exchange rates: Make sure to take into account fluctuations in exchange rates when making your budget. 

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Savings and part-time work: Part-time work can be a great way to build savings before going to university, particularly if you are unable to work due to visa restrictions. 

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At the end of the day, financing university is manageable with appropriate financing. Utilising scholarships, loans, and well-planned budgeting will ensure that you are prepared to begin your studies in the USA.

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