Banking in the US is just like any other industry: crowded. The sheer number of options available can catch even the best prepared international students off guard. Fortunately, we are here to help clear up the confusion and explain some common accounts available at most banks throughout the country. In fact, it is easier than it appears: though there are many different types of bank accounts available at most commercial banks, the kind of banking the average college student needs to do can be accomplished using just two of them.
1) Checking Account
A checking account, as the name suggests, is a bank account that is used to write checks, pay bills, or otherwise withdraw money from a bank. In this way, the account serves means of storing (and then accessing) money in order to spend it on purchases, bills, and other obligations. That means you can not only pay for products and services with a checking account (and the checks the accompany it) but also use the account to easily transfer money from one bank to another. Some checking accounts also provide debit cards that allow account holders to make withdrawals ATMs as well.
The results of a survey conducted by a number of higher education associations earlier this year reveal that international student enrollment in the US continues to rise at the majority of college campuses around the country. In fact, more 4/5ths of responding institutions reported that their international student enrollment either increased (61%) or stayed the same (22%) in 2012. Such findings may come as no surprise to those who know the United States as the world’s most popular destination for study abroad but doubtless come as welcome relief to many college administrators who faced declining enrollment rates in the wake of the recent global economic slowdown. Read the rest of this entry »
We have good news for students planning on studying in a foreign country: the eighth annual InternationalStudent.com Travel Video Contest is now open! Students who enter have the chance to win a $4,000 prize, a Viewer’s Choice Award, as well as other runner prizes.
So go out and create the best video you can make—no longer than five minutes—that tells us all about your proposed study abroad. If you are already an international student, the video can be about any trip that you would like to take. We have seen all kinds of videos over the years: animations, stop motion films, talented performers, beautiful cinematography, and simply compelling stories. So get those creative juices flowing and get started!
The final submissions deadline for the contest is October 23. The finalists will be announced the week of October 23, and the winners announced on November 15, the last day of International Education Week. Read the rest of this entry »
As we reported earlier, the recently released International Student Economic Value Tool was designed to influence Members of Congress in the United States in the run-up to the highly anticipated immigration legislation that was working its way around the Capitol earlier this year. Though crafted with legislators in mind, however, the data it provides – which was compiled compiled by NAFSA, the Association of International Educators and relies on international student data from Institute of International Education’s Open Doors Report and economic data from the Wintergreen Orchard House – has implications for a much wider audience. Because the data is organized on a regional, state-by-state, and congressional district level, international educations and administrators can gain valuable insight by understanding the trends it illustrates – including the economic impact of international students. Read the rest of this entry »