The Price of Oil on Nigerian Students
March 23rd, 2016 by Lette Berhe

nigeriaRecently, many people around the world have been celebrating and appreciating the drop in oil prices. For many, their day-to-day consists of filling a car full of gasoline, which until recently was proving to be quite expensive. Although lower gas prices benefit the general public, it is having some very negative consequences on the Nigerian state and its international students around the world.

Like many countries, Nigeria’s government and private industry have made it one of their priorities to foster their citizens’ access to international education. About 40% of Nigerian students who are abroad receive some type of funding from a public or private entity in their home country. How is this related to Nigeria, you ask?

Nigeria is one of the world’s oil-rich countries, with about 70 to 80% of its wealth coming from the oil and gas industry. So falling prices is taking a big hit on the economic stability of the country. Nigerian students who are abroad are also feeling the repercussions. Most students who receive either public or private funding are promised a living stipend which can include money to cover the cost of housing, food, transportation, etc. However, since the latter part of 2015 there have been accounts of Nigerian students currently studying abroad who have not received any of the promised aid for tuition and living expenses. In Canada, a report came out stating that about 240 Nigerian students in 14 different universities had been left without aid from the RSSDA Scholarship Program for more than 11 months and were accumulating debt. The RSSDA is a an organization run and owned by the Rivers State in Nigeria, who later admitted to owing Canadian universities a total of about $2.5 million.

With this debt growing by the minute, Nigerian students who have found themselves in a very difficult situation. Many of them were promised aid and their families can not support the cost of their education abroad. Due to this, many students are being asked by the Nigerian industries to return to complete their education in Nigerian universities.


International Students Must File Taxes – Due April 18th!
March 11th, 2016 by Lette Berhe

taxTax season has already begun and many international students are not aware that they must file a US tax return as well – even if they’ve never earned any money in the US.  All students must file their US taxes on or before April 18, 2016. For most international students, this process will be easy and straightforward. Read on to see what you need to submit, as well as helpful resources in case you need assistance

Does Everyone Need to File?
As part of your visa requirements all international students are required to file taxes. The forms you will need to submit are dependent on whether you have made any income or not.

Regardless of whether you’ve earned income or not, all international students and their dependents must file Form 8843. If you are in the US with dependents, this form must be filed by your dependents independently (which includes a separate envelope!).

What is Eligible for Taxation?
If, as an international student, you have been receiving an income in the US, then you will need to pay taxes on it. Below are 3 common sources of income for international students:

  1. Wages from a job in the United States (on-campus, off-campus, OPT job)
  2. A scholarship from an American organization
  3. Interest made from an American bank account

For a complete list of what could be considered a potential income source be sure to check the IRS website. If you have received income in the last calendar year, you will also need to file Form 1040NR-EZ.

For more in-depth information regarding how to file your taxes and what forms you’ll need to submit, be sure to read the Student Tax Return page from InternationalStudent.com.