The InternationalStudent.com annual Travel Video Contest is open for entries for 2019!
International Student are giving you a chance to win 1 of 5 unique awards, including the $4,000 grand prize! To enter, you will need to submit a video that you made specifically for the 2019 InternationalStudent.com Travel Video Contest. Your 4-minute video should be about one of two things:
- That your dream is to be an international student, and that you have a school in mind to attend that you want to tell us about.
- That you are currently an international student with a dream trip that you’ve always wanted to take that you want to tell us about.
If your video is selected, you could win one of the following prizes:
- First Place Winner: $4,000
- Second Place Winner: $500
- Third Place Winner: $250
- GoAbroad Choice Winner: $500
- Viewers’ Choice Award Winner: $1,000
The judging panel is made up of an esteemed group of professionals in the international education sector, and you can meet the judges here, and all the details and deadlines for the contest can be found here.
If you’d like some inspiration, check out some past winners – you could be next!
Submit your video for the InternationalStudent.com annual Travel Video Contest before October 15th, 2019.
While you’re with us, read about loans for international students in Canada.
Loans for international students in Canada – a cosigner is not required.
The Canadian Bureau for International Education reports that over half a million international students studied in Canada in 2018. That’s more than a 150% increase in international students in Canada since 2010. As a result, Canada has overtaken France and Australia to become the 4th most popular destination for international students behind the USA, the UK, and China.
Loans for International Students in Canada without a Cosigner
Once international students have exhausted all other available sources of funding such as family support, personal savings, and financial aid from their school, they often need to turn to a student loan to cover any remaining costs of their studies.
This was very difficult to do until recently because of the lack of availability of loans to international students in Canada.
Now, International Student Loan allows international students to connect with loan providers where they can access loans without requiring any credit history, without needing any collateral, and even without a cosigner. These loans are available to students enrolled in Bachelor’s and Graduate degrees in any academic field from countries around the world at 300+ colleges and universities across the USA and Canada.
Students who will be graduating within two years – whether they are undergraduate or graduate students – are eligible to apply.
The Benefits Loans for International Students in Canada – without Cosigners
- For this type of loan, you don’t need any credit history in the US or Canada, a cosigner, or any collateral
- You can borrow from $2,001 to $50,000 with a fixed interest rate
- Students from over 190 countries are eligible to apply for these loans
- There is a 10-year repayment period and no prepayment penalties
- During school and for 6-months after graduation there is a lower, interest-only payment period, making it more affordable at the time
- These loans are available at over 300 schools across the USA and Canada. Undergraduate and graduate students who will be graduating within two years are eligible You can use the funds to pay for expenses including tuition fees, accommodation costs, food, student insurance, and books. They can be used for past, current, and future semesters.
How does the loan process work?
- Check to see if your chosen school and program are eligible.
- Complete your application online in just a few minutes.
- Receive a conditional offer from the lender.
- Upload documents the lender requires to complete your application.
- The lender checks to make sure everything you have provided is in order, then sends you final approval of your loan.
- The lender contacts your school to confirm your enrollment status. Once this is done, your funding is disbursed directly to your school.
How much will the loan cost?
Every case is different. This example is for informative use only. This is not a guarantee of costs as they will depend on your individual circumstances and the lender you work with.
An international (non-US, non-Canadian) student, studying a graduate-level program who borrows $10,000 US dollars can expect to repay $100.54 a month while they are studying and for the first 6 months after graduation. After this time the repayment would be $141.62 per month.
Why is Canada such a popular destination for international students?
- The Canadian education system is internationally regarded as being of very high quality
- Canada is considered a safe country with a tolerant and non-discriminatory society
- 96% of international students recommend Canada as a study destination, and 60% of international students say that they plan to apply for permanent residence in Canada.
Who are the international students in Canada?
The nationalities with the largest populations of students in Canada are:
- Chinese ( around 28% of all international students)
- Indian (approximately 25%)
US students represent only around 3% of all international students in Canada.
Where are the international students in Canada studying?
The Canadian province with the largest number of international students is Ontario (with almost half of all international students). The next most populous provinces are British Columbia (a quarter) and Quebec (about one tenth).
Find out more and apply for your International Student Loan in Canada today.
More on Loans without a cosigner in the USA and Canada
How can an international student finance their education in the USA?
International Student Loans for Students from the UK
Loans Without a Cosigner for International Students in the US
If you are or are planning to become an international student inside the US, you will usually be required to have a cosigner when applying for a loan.
Cosigners for international student loans must be US citizens or permanent residents, and they must have lived in the US for the past 2 years. They must also have good credit history. Non-US citizens and non-US permanent residents cannot act as a cosigner for loans.
Although most international student loan applications require a cosigner, international students attending a select few colleges and universities in the US and Canada are able to apply for a loan without one.
If you’re not able to find a cosigner, then a “no cosigner loan” could be the best option for you.
Since most international students in the US do not have any credit history, a cosigner joins the standard international student loan application process. Loan approval and rates are then based on the creditworthiness of the cosigner.
The cosigner is then also legally bound to repay the loan if the borrower is unable to pay.
If you do not have a cosigner you will want to explore lenders that do not require a cosigner.
With no cosigner loans, instead of looking at credit history, lenders look at your academic success and career path, as well as other factors when assessing you for the loan. Some of the factors they will consider when you apply include your home country, graduation date, and what school you attend.
International student loans are typically only for non-US citizens studying in the United States. However, loan options now exist at a number of select universities for those who want to study in Canada!
Loans for International Students in Canada
International students in Canada may now apply for a student loan without a cosigner!
International Student Loan is now working with a lender that is able to offer loans to international students, including US students studying at select schools in Canada. Until now it has been very difficult for international students to fund their education in the Great White North, but thanks to MPOWER Financing and International Student Loan, there are now a number of schools in Canada where loans are available without a cosigner.
If you are studying in one of the eligible schools, you can apply for a student loan to cover the costs of your education including tuition, housing, food, insurance, and textbooks.
Remember, with this type of no cosigner loan, rather than looking at your or your cosigner’s credit history, lenders look at other factors such as your academic record and career path, your home country, expected graduation date, and what school you will attend.
Students who are not US citizens or permanent residents and those attending schools outside the US/Canada are not currently eligible for an international student loan.
Finding and Comparing No-Cosigner Loans
If you’re an international student and would like to explore the option of a loan that doesn’t require a cosigner, you’re able to use our loan comparison tool to see if your school has one available. If they do, you can then research the terms and conditions of the loan and apply directly through the lender.
When researching a loan, here are a few things to consider:
- How much you can borrow
- The interest rate (and whether it’s fixed or variable)
- The repayment period
- When and how your funds will be disbursed
Once your loan application has been reviewed you will receive further details on your loan. These will include the interest rate and the amount you can borrow. These will vary by lender and depend your situation.
As an example, no-cosigner loans through our partner have a fixed interest rate and allow you to borrow up to $50,000 total over 2 years. You must state how much you would like to borrow on your application. The approved amount along with your designated interest rate will be assigned to you after your application has been reviewed.
If you are approved for a loan, funds are disbursed directly to the college or university.
To give you an idea of the length of time that is required, the entire process usually takes about 6 weeks, so be sure to plan accordingly.
To check for loans available at your school, including no cosigner loans, use the student loan comparison tool to get started.
Find out more about Cosigners in Cosigner 101.
As greater numbers of students from around the world are traveling to study a degree in the US, and tuition fees are rising, international student loans are growing increasingly necessary. Indian students, alone, accounted for 17.9% of the total foreign students in the US in 2017-18, second only to Chinese students at 33%. This article discusses the best international student loans for Indian students who want to study at a US institution.
The Indian Loophole
To be considered eligible for an F-1 visa and to be accepted to a US academic institution all international students must show proof of funding. This basically means that you, as a student applicant, must show you can afford to attend the college or university of your choice. You may pay for your education through personal funds, an academic scholarship from the institution, or through a student loan.
The most difficult part of applying for a student loan as an Indian student is finding the necessary evidence to be considered eligible. Indian banks often require supporting documentation showing the student’s acceptance to a US institution before considering a loan. However, most US institutions require proof of funding before offering a formal acceptance.
The simplest option is to seek a loan through a US bank specializing in student loans or a specialist lender. US lenders understand the difficulty with needing to provide supporting documentation for the university application and offer advice and help during this process.
Loan Options for Indian Students
There are a number of lenders that specialize in study loans for Indian students studying in the US. You can compare your options using our loan comparison tool for Indian students.
MPower Financing is a dedicated lender of international student loans and one of the options available to Indian students. The company understands the difficulties many international students have with finding funding and a co-signer. MPower takes the hassle out of the process by keeping everything clear and supporting both the visa and university application process. MPower also can provide loans without a cosigner at select universities in the USA and Canada.
To find out more about applying for a student loan as an Indian student check out our India International Student Loans section.
It’s always interesting to look back at the previous year to get a feel for what’s going on in international education. Of course, we’re particularly interested in finding the perfect student loan for international students. So here are some key facts about international students in the US and US study abroad students.
Whether you’re a foreign student studying in the US, or a US citizen dreaming of studying abroad, we hope you enjoy learning a little more about the state of international education right now.
And when you’re ready you can learn about applying for your international student loan.
International students in the US
According to research carried out by The Institute of International Education (IIE), 271,738 international students enrolled at a US institution at the start of the 2017-2018 academic year. This is down almost 7% compared to the 2016-2017 figures (290,836 international students) and a further decline from the peak of 300,743 international students recorded in 2015-2016.
The total number of international students in the US was 1,094,792. This is up 1.5% on the previous year, but the rate of growth is at its lowest for over 10 years and a significant change from the 10% growth in total international student numbers in the US in the 2014-2015 academic year.
One encouraging trend is that international students represent a growing percentage of total student numbers. International students now represent more than 1 in every 20 students in the US (5.5% of all students). This has grown year on year.
In terms of the distribution of international students in the USA, we looked at the 10 most popular states.
The highest concentration of international students is in California. In 2016-2017 there were 156,879 international students in California. This rose 3.2% to 161,942 in 2017-2018.
The state with the biggest increase in international student numbers was Massachusetts. Massachusetts saw a staggering 8.4% increase in international student numbers to 68,192 compared to 62,926 in the previous academic year.
The following were notable in their decreases but remain amongst the top 10 most popular states for international students:
Ohio (down 2.8% to 37,583)
Indiana (down 2.0% to 29,994)
Texas (down 0.9% to 84,348)
Popular US schools for international students
The most popular schools, colleges, and universities for international students in the US may or may not surprise you. Amongst the top 5, we are proud to say that no-cosigner loans are available at all of them.
Coming out on top with a total of 17,552 international students was New York University, New York, NY. No-cosigner loans are available at New York University.
The rest of the top 5 are as follows:
#2 – University of Southern California – Los Angeles (Los Angeles, CA) – 16,075 international students. No-cosigner loans are available at University of Southern California – Los Angeles.
#3 – Northeastern University – Boston (Boston, MA) – 14,905 international students. No-cosigner loans are available at Northeastern University – Boston.
#4 – Columbia University (New York, NY) – 14,615 international students. No-cosigner loans are available at Columbia University.
#5 – Arizona State University – Tempe (Tempe, AZ) – 13,459 international students. No-cosigner loans are available at Arizona State University – Tempe.
Courses for international students in the US
The largest number of international students in the US are on Undergraduate programs (442,748), with 308,953 Graduate students enrolled. There were 203,462 international students in the US on Optional Practical Training courses. There were also 65,631 international students on other, non-degree courses.
The three most popular fields of study for international students studying in the USA were Engineering (with 21.3% of all international students), Business and Management (17.9%) and Math and Computer Science (17.0%).
For more information about the options available to international students attending US schools visit our International Student pages.
US Study Abroad Students
If we turn our attention now to US students studying abroad, the latest statistics available are for the 2016-2017 academic year. This year saw the number of US students studying abroad rise a modest 2.3% over the previous year to a total of 332,727 students.
More than 25% of these students (85,786) enrolled in STEM courses (Science, Technology, Engineering, and Math). Business was the next most popular field of study, with Social Sciences coming in third.
The 292,467 US undergraduate students studying abroad in 2016-2017 represented 1.8% of the 16,298,944 total US undergraduate enrolment.
64.6% of US students studying abroad in 2016-2017 did so for a short period (e.g. a summer or a study period of 8 weeks or less). 33.1% spent a semester (or one or two quarters depending on the institution) abroad. Only 2.4% studied abroad for the long-term – an academic or calendar year (or more).
Where do US students abroad study?
Europe hosted the vast majority of US students studying abroad. Latin America & the Caribbean came in second and Asia took third place.
#1 – Europe, 181,145 total US students (54%)
#2 – Latin America & Caribbean, 51,513 US students (15.5%)
#3 – Asia, 38,621 US students (11.6%)
24,790 US students (7.5%) studied in more than one region in the 2016-2017 academic year.
On a country level, 39,851 US students were studying in the United Kingdom in 2016-2017. This represents 12% of the total number of US students studying abroad. The UK is the largest single concentration of US study abroad students.
Italy, Spain, France, and Germany represent the second to fifth places respectively.
China appears at sixth in the list, with 11,910 US students studying there (3.6% of the total).
There are some other surprise appearances in the list of the top 25 most popular destinations for US students studying abroad:
#9 – Costa Rica hosted over 8,000 US students
#11 – over 6,000 US students made South Africa their home for part of their studies
#13 – almost 5,000 students experienced student life in the Czech Republic
Besides the 332,727 students who enrolled in courses leading to academic credit, 36,975 US students attended over 400 other institutions and took part in non-credit work, research, volunteering, and internships abroad.
If you’re interested in finding out more about your options as a US student studying abroad please visit our Study Abroad pages.
Save Money as an International Student
It’s never too early or too late to think ways to save money as an international student. Whether you’re just applying for colleges, in your second year or close to graduation, it’s always good to have a loan repayment plan. It’s something many of us take for granted, something you don’t have to think about until after university. However, planning ahead makes for better financials once you have to start paying back the debt.
Avoid Unnecessary Spending
Sure, it’s tempting to spend all the money as it comes in. I mean, that’s what it’s there for, right? But think ahead, that money can help you out in an emergency, or be saved for you to use once you graduate.
That’s not to say don’t spend your loan on college essentials like books and living costs. And make sure you enjoy your time in college; socialise, take part in extra-curricular activity. But try to avoid spending your loan frivolously where possible.
A couple of great ways to do this is to look for student discounts when shopping and eating out, and buy second hand – books, sports equipment, home decor etc. Why spend a fortune on new books when students from the previous year are earning some extra cash by selling their one-year-old copies?
Get a Savings Account
Different loans come with different conditions and some may require a certain type of bank account to pay into. However, where possible, look for the bank account with the best interest rates and with no withdrawal restrictions. If you’re think about saving some of your student loan each month, the interest you earn in a good savings account can balance out the interest you’ll eventually owe on your loan repayment. It’s a great way to earn extra money by really doing nothing. Check out some of the best options here.
As much as you may want to ignore your loan, keeping on top of it will prepare you for repayments once you finish university. Check out the National Student Loan Data System to see how much you owe and learn about repayment options early on.
Get a Part-time Job
Once you’ve got into the swing of college life, look at your schedule and see what free time you have to earn some extra cash. A part time job will help build your resume as well as giving you some extra money to save or spend on leisure activities while saving your loan.
With high university costs, it’s common for students to work while studying. Have a look at jobs available on campus and in the local area. Just make sure, if you’re an international student, that your visa conditions allow for part-time work. Alternatively, consider remote working opportunities from around the world through companies such as FlexJobs. Remote work gives you the opportunity to work from home and often helps you avoid issues with your visa status. Just remember to declare taxes on your earnings in your home country.
Your New Best Friend – Tax-deductibles
If you decide to work in the US once you graduate, it’s important to learn all about tax deductibles. This might sound dull but it can actually save you thousands of dollars! If you’re paying off a student loan, you might be eligible for an interest deduction on your federal taxes. This is based on the interest paid on your student loan.
If you plan ahead, start saving early and take time to learn about the student loan terms and repayment options, you’ll be financially prepared once you graduate. So, don’t let the debt hang over your head, there are many simple ways to save money as an international student. Prepare early to fully enjoy the college experience!
If you need financial support to study abroad it’s important to find the right scholarship for you. There are several different scholarships to which you can apply, but as you search through the various options you’ll realize each has different requirements. Below are just a few categories that scholarships often put requirements and limitations around.
Many institutions and organizations offer scholarships based on the course you’re studying. It is common for fields that require greater numbers of graduate workers to incentivize study in that subject area. For example, some states or institutions may be lacking in qualified specialist nurses or criminal justice and finance managers, therefore providing grant opportunities such as the Global Nursing Research Grant.
Scholarships in specialist fields encourage students to make their studies more tailored to their future career by alleviating financial pressure. Therefore, graduates studying more general subjects, such as literature or history, may have a better chance of finding a scholarship based on different criteria.
Institution Specific Scholarships
Each institution has its own scholarship(s). Many universities provide financial support to students based on family income or academic success and potential. The criteria for these types of scholarships is usually to show you are a candidate of distinction – to have great grades, experience in an internship or volunteering program, to have extra-curricular hobbies and to show the institution what you can bring to the department by studying there. As well as university-wide grants, some departments offer scholarships only available to students within that specific department, reducing the competition.
Check out the 2017 rankings to see which institutions offered the most financial aid to their students last year.
If you have a specific talent or extra-curricular interest you can apply for a talent-based scholarship. Many universities and companies offer grants to students with extraordinary skills in sports, the arts, and other areas outside of major work. You will be expected to prove your talent and be part of the sports team or music department, as well as maintaining excellent grades, to be eligible for this type of scholarship.
Companies, particularly big multinationals and law firms, often offer scholarships for students who intend to work in the company after they graduate, or as an intern. This is particularly common for MBA students (Master of Business Administration).
Consider internships with big companies near the institution you are going to attend to get your foot in the door. Also reach out and contact the department you are interested in for your future career to see if they have any grant opportunities. The worst they can do is say no, at best they may offer you a grant, internship or part-time job.
International Student Scholarships
Maybe surprisingly, some grants are provided for international students to gain valuable life experience by studying abroad. That’s right, you could be paid simply for attending an institution in the US as a foreign student. Employers recognize that traveling out of your comfort zone, learning to study in more than one language, and engaging both academically and culturally, are great qualities in employees.
Visit the Study Abroad Scholarship search engine for a comprehensive list of scholarship opportunities for international students.
InternationalStudent.com just announced the winners of their 12th annual Travel Video Contest! Two weeks ago the International Student Team announced the top 15 finalists, including the $1,000 Viewers’ Choice winner, Juan Sebastian Bayona Carrillo. Today, we are proud to announce the final winners have been selected. Choosing three winners among those 15 amazing videos was a difficult decision for the judges, but we are sure you will be pleased with the videos chosen. Are you ready to find out if your favorite video was chosen as one of the winners? Let’s check it out!
The $4,000 grand prize winner was Dini Restyanti for her video “Finding My Ikigai”
Dini studied Visual Communication but even after she got her degree she never felt completely fulfilled. She was missing something in her life and that is when she realized that she needed to look for her Ikigai, which in Japanese means “a reason to wake up in the morning”. And she found it! Dini will walk away with the $4,000 grand prize to help her study animation in Japan.
The second place winner ($500) was Laura Rey for her video “Drawing My Trip”
At the age of 16, Laura decided to study Film and Television since she always felt admiration for Disney movies. Today, her biggest dream is to become a producer in the cinema industry and that is why she wants to study in Los Angeles. Laura will receive $500 to help her pursue her dream!
The third place winner ($250) was Eliel Freer-Sullivan for his video “New York, New York, My American Dream”
Eliel is an aspiring musician with both vocal and musical talents. He is already studying in Atlanta but he is looking to pursue his passion by attending a music school in New York City. Watch his video and get to know his story through his song!
Congratulations to each of the winners of the 2017 InternationalStudent.com Travel Video Contest! Next year InternationalStudent.com will host again their annual Travel Video Contest and you won’t want to miss it out! Check back September 2018 for your chance to enter the contest!
November 17th, 2017 by Felicity Bradstock
For a student on a budget there’s nothing better than sales shopping. Black Friday is here, Cyber Monday will follow shortly and Christmas is just around the corner, it’s time to start thinking about gifts!
Battling the crowds in-store might sound like a nightmare but as a student you likely have to budget and there are many fantastic online deals for you to snap up over the next couple of weeks. So, think about what you want and follow our game plan for this Black Friday and Cyber Monday.
Where to shop?
When is Amazon ever a bad idea? The great thing about Amazon is that everything’s in one place. Also, there’s free delivery if you spend over $25! Black Friday deals last for the whole week and span across all departments.
If you’re a first-time Amazon Prime (Amazon’s premium service) user you can sign up for the free or discounted trial and get free delivery. With Prime you can also access their video, music and kindle services for free. Just make sure you cancel at the end of your free trial so you don’t get charged! Amazon makes it easy to cancel with an option through your Prime account that allows you to set up an automatic cancellation on the last day of your trial from the very first day.
n.b. It’s might be worth keeping your Prime membership if you regularly buy College books from Amazon. Think about saving further by using all the Prime services and cancelling parallel memberships such as Netflix and Spotify.
Uniqlo is a great store for affordable winter-wear. With much of their heattech (thermal) clothes and winter jackets on sale this is a great place to buy all of you last minute winter warmers. Not only do you get discounts online from 17th – 22nd November 2017 but if you’re a first-time buyer they also offer a $10 discount (with a minimum spend). To save money you can collect in-store if you leave nearby, otherwise shipping is generally priced at $5.
Maybe the king of Black Friday, Walmart offers in-store, online and in app offers across all departments. Whether you want to splash out on a TV or buy a stocking filler, there’s an option for everyone. To check out the best deals from your phone, Walmart has released a handy app (available on iOS and Android).
Finally, we come to BestBuy. Another tech-heavy option but with some excellent promotions for cyber Monday. There’s a huge variety here, from quirky gadgets and cheaper games to high-end consoles. This is a great shop for Christmas gifts, or something for you!
Think about using a comparison app such as Honey or ShopSavvy. These kinds of apps provide information about the best online sales and often offer additional discounts. Honey is currently the market leader, although reviews are mixed to make sure you check the terms and conditions of any discounts you use. Shop Savvy gives you price and product comparisons for you to make your own decision on where to shop.
For the best technology deals this year check out the Wired article for reviews and price comparisons. Wired is a great source to use when searching for new technology, with reliable guidance and reviews.
- Remember to browse online before committing to a purchase during these sales events. As good as one promotion may look, there could be a similar deal elsewhere.
- Always shop at reputable stores. If you’re unsure about the credibility of a website, look for online reviews before entering your personal details.
- Don’t get carried away! Think about what you’re looking for and your budget before you start shopping. Remember who you have to buy gifts for before squandering all your cash elsewhere!
Have a great Holiday weekend!
Do you remember our post about the InternationalStudent.com Travel Video Contest? As you may remember, students from around the world submitted a short video sharing a proposed study abroad trip or for those already studying abroad, a trip they would like to take. The deadline was on October 13th and today we are ready to announce the the Viewers’ Choice winner along with the 14 finalist!
We are excited to announce this year’s Viewers’ Choice Award video: Making the US my new home where Sebastian Bayona. As an international student from Peru currently studying at Oklahoma State University, he shares his experience about what it means to move abroad and leave your friends, family, and home behind. He talks about how important it is to overcome homesickness, and how he’s really enjoyed the experience of making the US his new home.
Be sure to check out this great video, along with the other finalist videos. Every year, the contest gets bigger and bigger, and this year we had even more entries than last year! This year is not going to be an easy decision for our InternationalStudent.com Travel Video Contest judges as it’s now in their hands to choose who is going to be the winner of the 2018 Travel Video Contest. Stay tuned during International Education Week to find out who will be awarded $4,000 to help their travels abroad.
If you’re interested in entering this Travel Video Contest next year make sure you sign up to receive the latest alerts from InternationalStudent.com.