Tips for International Students Funding a Degree Abroad
August 30th, 2012 by Jennifer Frankel

The fact that the cost of a college education is rising – to the tune of an annualized average increase of 6.2% each year for the last 20 years – should come as no surprise to college-bound students in the United States. Although this knowledge is widely disparaged it is also common and,  as a result, many domestic students have taken steps to deal with the increased costs. For international students funding a degree abroad, ever-increasing costs may come as an altogether unwelcome shock. Fortunately for them, however, there are many options available that can help  international students funding a degree abroad. Two of the most important are gift aid and private loans. Read the rest of this entry »

When do you need a cosigner for a student loan?
August 24th, 2012 by Jennifer Frankel

The cost of a US college education continues to rise – increasing at annualized average of 6.2% each year for the last 20 years – and, as a result, an increasing number of students are turning to alternate sources of funding to finance their higher education goals. Thus both domestic and international students alike are availing themselves of an increasingly varied array of school-sponsored or third-party scholarships and fellowships, as well as a wide variety of private loans. Still, while the cause of the problem – increased costs – affects all students equally, its solutions do not. Read the rest of this entry »

Ways to Satisfy Solvency Requirements for International Students
August 16th, 2012 by Jennifer Frankel

Applying to study in the US can seem difficult but it doesn’t have to be. A little bit of investigating reveals that the process is actually much less confusing than it initially appears. Take the I-20, one of the earliest – and most frequently misunderstood – aspects of the student visa application process. This document, which is also known as a Certificate of Eligibility, is required for all F-1 visa applications and can only be issued by accredited colleges and universities. At its most fundamental level the I-20 certifies that a) applicants have been admitted to the school in question, b) they are proficient in English, and c) they have met the school’s solvency requirements for international students. Read the rest of this entry »

Solvency Requirements for International Students Represent a Unique Burden
August 9th, 2012 by Jennifer Frankel

International students face many unique challenges when applying to colleges in the United States. While domestic students are confronted solely with the college application process alone, factors such as the likely language barrier, the near-certain cultural barrier, and – perhaps most importantly – stringent visa requirements make the process all that much more intimidating for would-be international students. Indeed, this unique burden seems all that much more onerous thanks to the solvency requirements for international students – but, fortunately, appearances can be deceiving. Read the rest of this entry »

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