How to Get Financial Aid as an International Student
July 21st, 2015 by Anum Yoon

money and capMany colleges in the United States are making a big push to recruit international students to come and study. The sad truth is that this isn’t always an effort to diversify the campus. At some colleges, this is done to bring in more money. Unfortunately, international students often pay a lot more than U.S. citizens for the privilege of attending university thanks to fewer resources at their disposal.

Hope isn’t lost, however. While foreign students are at a disadvantage, financial aid is still available in different forms if you’re willing to look for it.

Merit-Based Scholarships

Tuition in the United States can be outrageously expensive at more than $50,000 a year. As shocking as that price is, discounts can be had through merit-based scholarships. According to U.S. News & World Report, 375 of ranked universities offered scholarships to international undergraduate students in the 2013-14 school year. The average amount of these scholarships was $18,790.

Some of the most generous scholarships came from the most prestigious universities in the country, such as Yale University – $56,630 average in aid to 349 students – and Harvard – $51,854 average in aid to 540 students. Read the rest of this entry »

3 Key Things to Look for When Comparing Loans
July 14th, 2015 by Lette Berhe

man on $The world of loans may seem intimidating at first glance, but by educating yourself it becomes a  lot easier to manage. By using our Loan Comparison Tool your loan search will be narrowed down to provide you with lenders that work with your citizenship status and your school. Although, we make the process of finding a loan simpler, when it comes to comparing loans what is it that you should look at? Below are 3 key things to look for when comparing loans.

1. Low APR
APR  stands for annual percentage rate; although, represented as a percentage it should not be confused with your loan’s interest rate. The APR is usually higher than the fixed or variable interest amount that the loan offers you, because in addition to the interest rate it takes into account additional fees (origination, disbursement, application), length of the deferment period, and how interest capitalizes. Often times lenders will provide you with an attractive interest rate, but not mention what fees may be found in the fine print. The usage of the APR system was required by the government to protect individuals from bad loan practices from banks. Your loan is a long term investment, so using the APR is a better way to quantify the real costs of loans and a lower percentage means the less you´ll be paying in the long run. Read the rest of this entry »