On November 16th, the Institute of International Education published its 2015 Open Doors Report. The Open Doors Report is sponsored by the Bureau of Educational and Cultural Affairs at the U.S. Department of State and provides an in-depth look into the changing trends of international students who study in the U.S. and of American students who study abroad. This year’s report showed that in the 2014/2015 academic year, the number of international students attending U.S. universities reached a record high of 974,926- nearly 1 million students. This is a 10% increase, which is the highest growth rate in 35 years. The top 3 countries of origin, in order, were China, India, and South Korea. Students from these three countries made up more than 50% of all international students in the U.S. In addition to the above mentioned, there was significant growth in the number of international students coming from Brazil, Kuwait, and Nigeria. With all these growing numbers the real question is, how exactly do they fund their U.S. programs? Below are the top 5 ways internationals students funded their international education in the U.S.
- Personal and Family
The Open Doors Report shows that in the 2014/2015 academic year personal and family finances were the primary source of funding for about 65% of international students. What does this mean exactly? This includes any personal savings you or your parents may have that are then used towards your higher education. Personal loans could also fall under this category, being that once you have received the loan it is part of your personal finances. It is always best to plan ahead and save as much money as you can, so that if you need to take out a loan it is the lowest amount possible. For more information on how to go about budgeting and saving click here!
- U.S. College and University
The second most utilized source of funding came from U.S. colleges and universities. This year’s report shows that the following eight institutions were hosts to more than 10,000 international students: New York University, University of Southern California, Columbia University, Arizona State University, University of Illinois – Urbana-Champaign, Northeastern University, Purdue University – West Lafayette, and University of California – Los Angeles. With such high numbers of incoming students, it is not a coincidence. There are many universities that promote the influx of international students and offer financial aid through scholarships or grants. Once you decide to study abroad it is important to do your research about what the different universities can offer you.
- Foreign Government and University
It is no coincidence that countries such as Kuwait and Brazil have had an incredible increase in the number of students in the U.S. The government of these two countries have been working hard to provide opportunities for their citizens to have access to an international education. In Kuwait the Ministry of Higher Education sponsors undergraduate and graduate students who wish to pursue programs abroad and in Brazil the government offers the Brazil Scientific Mobility Program for students in the Science, Technology, Engineering, and Mathematics (STEM) fields. With each new year more and more government programs are being created to promote international education.
- Current Employment
Although it is possible to find and receive financial aid, sometimes it is not enough and a part-time job can help with any unexpected costs that may arise during your time abroad. Many international students are under the impression that they will not be able to work during their time in the U.S., but this is false. It is true, that your employment options may be limited, but it is possible. Take a look at our section on working in the U.S. for more information.
- Foreign Private Sponsor
Before more and more government agencies were placing international education at the forefront, there were private businesses or organizations offering a bit of help to those interested in going abroad. Although a smaller percentage of students, one percent, made use of such sponsorships it is always good to be aware of your options to not miss out on any good opportunities.
Think you might need an international student loan? Check out our loan information page to see what we can offer you!
On October 1st, the Institute of International Education (IIE) announced that more than 600 partners have committed to the Generation Study Abroad Initiative and have pledged a total of $185 million.
Established by the Institute of International Education in 2014, Generation Study Abroad is a five-year initiative whose goal is to double the number of U.S. students who study abroad by the end of the decade. This initiative has brought together partners from K-12 organizations, U.S. universities and colleges, social networks, and international universities and organizations to address the biggest obstacles students face when deciding to study abroad: cost, curriculum, and culture.
In just one year, these partners have begun to make practical changes to address these issues by focusing on: Read the rest of this entry »
We are excited to announce this year’s 10th Annual Travel Video Contest hosted by InternationalStudent.com. This is your chance to win $4,000 to help you study abroad!
To win, create a video that moves your peers, woos the judges, and tells your story about why you want to study abroad. You won’t want to miss the 10th anniversary, which is expected to be even bigger than ever.
With a large and diverse group of international educators and travelers as the 2015 judge panel, they will be on the lookout for a video that will blow the crowd out of the water. Funny, clever, creative, innovative, sad, heartwarming, or – could your video be something else that makes it stand out among the rest?
Want to win $4,000? Here’s how to enter:
- Who: Eligibility is open to anyone who creates a video about a proposed study abroad. If you are currently studying abroad, then talk about a trip you want to take and why.
- What: To enter, create a video no longer than 5 minutes in length and make sure to send it to InternationalStudent.com by October 22nd. Check out the previous winners to see what it takes.
- Where: InternationalStudent.com – learn more about the contest details on their website.
- When: Contest officially starts today, and entries will be accepted until October 22nd, so get recording today!
- Why: Because who wouldn’t want $4,000 to study abroad?
Best of luck to everyone, and for tips and tricks on what it takes to win, be sure to review InternationalStudent.com’s Travel Video Contest for a complete list of rules, regulations, tips and the submission form.
This past February, Education in Ireland joined IIE´s Generation Study Abroad Initiative and committed to providing $100,000 for the project. Ireland’s Minister of Education and Skills, Jan O´Sullivan, T.D, stated that over the past ten years Ireland has been able to welcome over 60, 000 US students; as a result, according to IIE´s Open Doors Report on International and Educational Education, it has become the 9th most popular study abroad destination for American students. Now, as a lead signature partner of Generation Study Abroad, Ireland´s higher education system has found itself in a unique position that will allow it to showcase its universities and programs to a broader range of students.
Now you may be thinking, what if I don´t want to study in Ireland? Well not to worry! Education in Ireland is only 1 of the 67 international organizations who are currently committed partners of the Generation Study Abroad Initiative, in addition to 298 US universities. Read the rest of this entry »
This week we´re spotlighting Kuwait and how its government scholarships are funding Kuwaiti students´ higher education abroad. According to the 2014 Open Doors Report, there were 7,288 students from Kuwait studying in the United States during the 2013/14 academic year. This number puts Kuwait in the 21st spot of the top 25 countries of origin sending international students to study in US universities. The Open Doors Report also shows that this number was about a 340 % increase from the 2006/7 academic year when the number of students arriving from Kuwait was at a low of a little more than 1,600 students. What allowed for such a drastic increase? Students can thank Kuwait’s Ministry of Higher Education. Read the rest of this entry »
Saudi youth can start 2015 right, knowing that they can fund their entire international education as a King Abdullah Scholar. This scholarship, founded in 2005, provides students in Saudi Arabia the opportunity to attend partnering foreign universities through government sponsorship. The Saudi Arabian Ministry of Higher Education‘s mission being to foster the professional and intellectual competitiveness of Saudi youth in the international job market and in their own country. Since its establishment, the King Abdullah Scholarship Program (KASP) has become the main source of funding for more than 90% of Saudi students who are completing degrees abroad. Read the rest of this entry »
The 9th Annual Travel Video Contest has just been announced, and you don’t want to miss it! With a grand prize of $4,000, the winner won’t just have extra money in their pocket – but international fame with students around the world. Here’s how to enter:
Submit a video no longer than 5 minutes long telling us about why you want to study abroad. If you are already an international student, then tell us about a trip you want to take a why.
DO: Be original!
DON’T: Title your video with the word Dream or Journey.
DO: Tell us your story – make us laugh, cry, think, or wonder!
DON’T: Miss the deadline!
Submit your video before the deadline, October 22nd. If you want to learn more about the contest, check out International Student’s Travel Video Contest for information on how to enter, as well as rules and regulations. If you need some inspiration, then check out our previous winners as they will be sure to make you swoon!
Good luck to everyone, we hope that you are one step closer to affording your international education!
Knowing how to find an International Scholarship isn’t always easy, but don’t worry – we’re here to help. Join the Google Hangout tomorrow on International Student’s Google+ page to learn the best tips and practices for finding and winning international scholarships. Our financial aid specialist will give some good advice and then answer your questions live on air. By this time tomorrow you will be ready to tackle any international scholarship that crosses your path.
The Hangout will show you the best places to find an international scholarship, how to complete the application, and what to do after you win. Additionally, we will have plenty of time for Q&A at the end of the session, so send in your questions! Read the rest of this entry »
If you’ve been following us on Facebook, Google+, or Twitter – or if you’ve been reading our blog – then you know something is different! This year we are excited to bring you live Hangouts to help you finance your education. Want to know about scholarships? Need help applying for student loans? Looking for guidance on budgeting? International Student Loan is happy to bring you the latest with your chance to get your questions answered by our financial aid representatives LIVE.
Financing Your Education Is Expensive!
If you are reading this blog, then we don’t have to tell you how expensive school can be! As an international student, you pay more in tuition, transportation, and in some cases – living expenses. So to manage all of this, we have our Financial Aid experts ready to answer your questions to make it easier. We’ll be giving you tip and tricks to juggle it all, so that you can focus on what really matters, your studies!
Read the rest of this entry »
Are you looking to get free money for school? If so, then you do not want to miss our Google Hangout today at 2:00 pm EST where we will walk you through the 8 steps to write a killer scholarship essay. Most scholarships designed for international students require that you have an essay as part of your application. This can be your make or break – giving you a chance to stick out among the other applicants.
In this Google Hangout, we will discuss: Read the rest of this entry »