Financial Aid:
While it is easy for most domestic students to obtain some form of Federal (Government) Aid or university aid for their Bachelor’s level education, it is most often very difficult for international students to obtain aid in any form at Bachelor’s level. Hence, it is imperative that students who are financially sound or have brilliant academic background (including top-level scores in TOEFL/IELTS and/or SAT I and II) to consider further education at the bachelor’s level.
However, at the Master’s level, aid in several forms is available for international students. Almost 78% of students at the Master’s level in US universities get funding in some form or the other.
Most Doctoral level applicants get a complete tuition waiver along with a stipend or scholarship while pursuing their PhD programs in universities abroad. It is also possible for some universities to provide just the admission and no funding at all, based on their financial constraints and funding availability.
Applicants looking for aid are required to apply well before financial aid deadlines, with proper application material, College Application Essays, Recommendations, transcripts and other specified requirements, as prescribed by universities individually.
Many students are concerned with the high costs of studying abroad. The cost of education could be anywhere between USD 10,000- USD 50,000 per year, depending on the program, level and country you choose. In addition to the tuition fee, students also need to plan for funds towards living expenses, books, health insurance, air tickets, transportation, etc.
Finances are a major source of worry for students who wish to study abroad and their parents. However, there are several funding options available to students these days. Some of the options are listed below:
- Scholarships/Fellowships/Grants
- Tuition Waiver
- Assistantships
- Administrative internships
- Program related internships
- Bank loans
From 2008, USIEF has also introduced the Fulbright Master’s Fellowships for Leadership Development designed for outstanding Indians who are in the age group of 25-30 years, to pursue a Master’s degree program in select US colleges and universities in the areas of Public Administration, Economics, Communication studies and Environment.
For more details, see: www.usief.org.in
It is important for students to understand that financial assistance for international students is often based on merit and rarely on need. |