Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

How to cross the financial hurdle for a USA education

By Sarfraj Ahmed Subscribe to RSS | January 12th 2012 | Views:

SO you’ve got or think you will get admission into a college of your choice in the US. Now what? The next question many students struggle with is how to pay for it.

The number of students from India studying at colleges and universities in the United States rose to a total of nearly 105,000 during the 2009/ 10 academic year, according to a report published annually by the Institute of International Education (IIE) with support from the U. S. Government.

But, the report goes on to say, 62 per cent of international students in the US funded themselves with only 38 per cent finding funds from other sources. In other words, competition for financial aid is intense. Aid comes in three main formats — full or partial scholarships, teaching or research assistantships where you work a set number of hours a week in exchange for tuition waivers and a stipend, or loans, which often require a guarantor, usually in the US. And who gets the coveted aid? It seems that winning financial aid has become somewhat of an entrepreneurial endeavor. While merit still rules, careful planning, calculated risk taking, positioning and resourcefulness have become critical.

Let’s begin with where the money comes from. The top sources for aid were US colleges and universities (24 per cent), current employer (5.2 per cent) and home government or university (4.6 per cent).

Pure Science and Engineering subjects have higher demand, than say, something like education. So getting an assistantship is easier. Your schools ranking is important — most of the top schools are well funded. Where the school is located will also make a difference. The same money, which pays your tuition and part of your rent in New York, will buy you tuition, rent, groceries and leave you with leftovers in Ann Arbor. It pays, then, to carefully research the schools on your list and position yourself accordingly — what kind of funding they have offered in the past, their ranks for your field of study, their location, how many international students they take in every year, whether the school is private or public, their size of undergraduate population and their areas of research (an indication of research assistantships).

For PHDs, most universities are dying to get good students so they compete to give aid. A full scholarship sounds wonderful but is not always the option. Many students take the approach of a patchwork of different kinds of aid instead of one big grant.

Others decide to take the risk of sponsoring themselves or taking a loan for a year, transitioning to scholarships or assistantships in a few semesters. As you start your search, most recommend a broad, pull out all the stops search. Start with the universities website or admissions package, visit websites and offices of US and Indian foundations (such as United States India Educational Foundation and the Tata Scholarships), reach seniors in your target universities through social networks such as LinkedIn or your college’s alumni associations, ask your professors for recommendations, write to professors (or professor’s assistants) in your target university who are conducting research in your field of interest.

And in the midst of all this, beware of ‘paid services’ or scams out to get you and your personal information. The good news is that funding for international students from USA colleges and Universities has actually increased by 9 per cent in the last year.

Sarfraj Ahmed - About Author:
Getting more detailed information about Study in USA including Colleges in USA and Scholarships in USA for your career growth.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Education Articles Subscribe to RSS

Facilities to gather degree from UK universities in Nigeria from online study
Published by Harry Martin on April 19th 2012 | Education
Online study has now expanded its emphasis over the various nations. It helps students from various ...
Are Photography colleges a decent Investment?
Published by Donna Summer on January 19th 2012 | Education
Well, when it involves photography, there is extremely no such factor as a natural talent for it, ju...
Get admission in the best training institutes and colleges
Published by Socialweb on February 29th 2012 | Education
If you are looking for the best colleges and universities, first of all you should initiate a resear...
Are the top BDS and BMS colleges in Mumbai smiling with glory?
Published by Ankitaroy25 on February 3rd 2012 | Education
The colleges in Mumbai have tried to maintain a definite standard of education and training for most...
Some information about the universities offering online MBA in USA
Published by Steve on November 28th 2011 | Education
If you are interested in higher education, you can always opt for the online MBA in USA....
Opting for online education in UK universities is a good option
Published by Roger Pointing on January 19th 2012 | Education
So if you want to study in UK you need to think about many things like food, accommodations, daily e...
UK universities in Nigeria initiates distance learning for better prospect in future
Published by Harry Martin on April 19th 2012 | Education
Information regarding the facilities and advantages provided by the UK universities in Nigeria on di...
Various factors to consider while choosing top BBA colleges in India
Published by Ankitaroy25 on December 22nd 2011 | Education
Bachelor in Business Administration or popularly known as BBA is one of the most popular course that...
Select proper universities for doing online MBA in Barbados
Published by Steve on November 28th 2011 | Education
Distance learning and online courses are becoming popular day by day for their flexibility and conve...
Mba colleges are bidding to be the Best b school in India
Published by Rahul on July 2nd 2012 | Education
The increasing number of business schools in Delhi ncr is bidding to be the best b school in India. ...
Are you looking placement oriented MBA colleges in India
Published by Ary on May 14th 2012 | Education
Management programmes have always been in demand. Majority of the students prefer for an MBA. There ...