Australia’s rising prosperity represents a mixed blessing for the country’s international students. In fact, a report recently released by the international banking and investment firm HSBC reveals that the world’s sixth largest country is now the most expensive place to study abroad. This finding comes as something of a surprise considering the fact that both the United States and Britain – two of most popular destinations for international higher education – have also seen significant cost increases in recent years. Read the rest of this entry »
While studying in the US can be a significant investment for international students, investing in international students themselves can have a huge return on investment for the US economy as a whole. New research compiled by NAFSA, the Association of International Educators, reveals that the US is missing the proverbial boat when it comes to this powerful source of both financial and intellectual capital. Which, it seems, is exactly the point.
The data, which was released as part of the organization’s International Student Economic Value Tool and draws on international student data from Institute of International Education’s Open Doors Report and economic data from the Wintergreen Orchard House, breaks down the economic contribution of international students on a regional, state-by-state, and congressional district level. This research thus serves as a lobbying tool that NAFSA hopes will convince reluctant supporters of immigration reform that such reform is in the best interest of all parties. Read the rest of this entry »
Receiving a loan dispersal – or any other financial aid – can sometimes feel like winning the lottery. After all, it is not every day that students receive checks with so many digits. That, however, is the point: even though it may feel exciting it is not an everyday occurrence, and those funds need to last you for a semester or more. International student loan recipients in particular should be especially careful because, unlike their domestic peers, they have far fewer financial aid options open to them. Here are a couple of tips on making the most of international student loans: Read the rest of this entry »
As an international student preparing to come to the United States, you have a number of concerns on your mind. Chances are one of the most pressing of these concerns is how you will fund your education. Unfortunately, international students generally end up paying more than US students for their education. International students are not eligible for federal aid and must pay out of state tuition for public universities. Read the rest of this entry »
Colleges and universities do their best to help incoming students anticipate the costs of college by providing financial projections and cost calculators galore but because all students are unique, such estimates should serve only as tentative – not definite – guides to the costs associated with higher education. After all, even single school tuition rates can vary by campus, program, student level, and residency status, so nailing down the costs associated with everything else that a college student needs can be a challenge even in the best of times. This is especially true for international students who have a whole host of unexpected costs to plan for when beginning a semester abroad. Read the rest of this entry »
With so many options out there, it can be difficult to know just what category of student loans you fit into. When applying for student loan for your studies overseas, it is particularly important that you know exactly what loans you qualify for. This blog post will help you answer the question, “which student loan is right for me?” and determine whether you qualify for international student, study abroad, or foreign enrolled loans.
International Student Loans
These loans are intended for foreign students coming to the United States to earn their degree. If you are pursuing a degree in the US and are not a US citizen or permanent resident, you do not qualify for federal loans, but some banks offer private loans to international students. Read the rest of this entry »
While the cost of college continues to rise for both domestic and international students alike, international students in particular are vulnerable to a host of unexpected costs of college that may not affect their domestic classmates. Aside from obvious – and easily budgeted-for – differences like tuition and international student fees, international students are also likely to face some one-off costs that the average domestic student will not. Here are some examples:
- Mobile Phone: while just about everyone has to pay for service no matter where they are from, phones from abroad may not be compatible with service providers in the US. As a result, international students may need to purchase a compatible phone and the accessories (case, charger, etc.) that go with it. Read the rest of this entry »
Having arrived at a solution that both the Democrat-led Senate and Republican-dominated House can support, the student loan crisis appears to be on the way to a successful resolution. In fact, the compromise, which ties the interest rate on subsidized student loans to the market rate of 10-year Treasury notes but also puts finite limits on the maximum allowable rate, could arrive on President Obama’s desk as early as this week. This is welcome news not only for undergraduate students – whose subsidized Stafford loans dominated the headlines throughout the debate – but also for graduate students. Read the rest of this entry »