The cost of college is more expensive than ever, for both U.S. citizens studying in the United States and for international students. But the cost difference between the two is significant. One year of public, in-state education averages less than US$10,000. For international students, that figure is upwards of US$45,000 a year, and it’s even more to attend a private school.
Because of these stark figures, it’s important for international students to explore costs and Financial solutions. If you’re thinking about studying in the U.S., ask yourself a few questions first.
CAN I COVER THE COSTS?
Expenses are the biggest concern for most students thinking about attending a university in the U.S. While tuition and fees are already five figures, there are other costs to consider, like:
- Room and board: Do you plan on living on campus? Or if that’s not available, do you have the means to afford living off-campus in an apartment or house? If you get an apartment, you might be subjected to a credit check and in many cases, payment for the first month, the last month, and a security deposit.
- Transportation: You’ll need to cover the cost of getting to the U.S. and traveling home for holidays. In addition, you will want to consider how you’ll get around – especially if you’re living off-campus.
- Food and other expenses: You will have the option to purchase access to a dining hall meal plan, which is a great option if you’re living on-campus. If you choose not to purchase a meal plan, you’ll need to cover the cost of food and meals both on-campus and off. In addition, don’t forget to factor in fees for other needs, like home goods, utility bills, clothes and shoes.
Sources of Financial Aid
The cost of higher education in the United States rises year after year, and many students are finding that they are unable to support themselves. There are a number of other avenues that you can explore when looking for sources of funding for your education.
On-line Scholarship Search
Research scholarship and Financial Aid options online. The following sites provide information specifically for international students:
IEFA.org
International Education Financial Aid (IEFA) provides financial aid, college scholarship, and grant information for international students wishing to study abroad. Their search feature allow users to find scholarships around the world.
InternationalScholarships.com
International Scholarships deliver a comprehensive listing of grants, scholarships, loan programs, and other information to assist college and university students in their pursuit to study abroad.
Your Home Country
Your own home country could possibly be a source of funding, either from organizations or companies from your home country or you government. For instance, Saudi Arabia launched a program that provides full scholarships to over 10,000 Saudi students studying in the USA. Investigate this option thoroughly before you leave. Bear in mind when you are applying for aid from your home country that there may be some stipulations involved. For example, you may have to return home to your country once you have graduated.
International Organizations
There are several international organizations, such as the Fulbright Commission, who grant aid to students all over the world. Other such organizations that offer aid are:
- The United Nations
- AMIDEAST
- World Council of Churches
- Soros Foundation
- World Health Organization
Many of these organizations require you to be in your home country when you apply, so plan ahead, as they can be very competitive.
U.S. Universities
Many U.S. colleges and universities offer limited financial aid for international students through their financial aid offices. In general, however, there is much less money available for undergraduate study in the United States than there is for graduate study.
Visit our Schools Awarding Financial Aid pages to see which US schools offer aid to international students. The following schools/ colleges provide aid to International Students in the United States US
| School/College | Total Annual Cost | # of Int’l Students | # Awarded Aid | Average Award |
|---|---|---|---|---|
| Alliant International University | $23,430.00 | 101 | $3,217.00 | |
| Art Center College of Design | $43,910.00 | 280 | $2,633.00 | |
| Azusa Pacific University | $35,840.00 | 129 | $2,500.00 | |
| California Institute of the Arts | $40,610.00 | 123 | 0 | $0.00 |
| California Lutheran University | $35,070.00 | 84 | 25 | $12,000.00 |
| California State University San Bernardino | $18,268.00 | 370 | 0 | $3,030.00 |
| Chapman University | $39,910.00 | 152 | $0.00 | |
| Claremont McKenna College | $42,690.00 | 103 | $10,000.00 | |
| Dominican University of California | $40,396.00 | 334 | 33 | $7,296.00 |
| Foothill and De Anza Colleges | $15,854.00 | 900 | 350 | $0.00 |
| Loyola Marymount University | $39,752.00 | 170 | 7 | $0.00 |
| Marymount College, Palos Verdes | $33,376.00 | 109 | 17 | $3,800.00 |
| Menlo College | $38,100.00 | 178 | 63 | $11,000.00 |
| Notre Dame de Namur University | $38,470.00 | 59 | 6 | $4,000.00 |
| Occidental College | $42,078.00 | 129 | 4 | $31,399.00 |
| Otis College of Art and Design | $41,586.00 | 125 | $0.00 | |
| Pepperdine University | $44,870.00 | 236 | 60 | $22,950.00 |
| Saint Mary’s College of California | $44,066.00 | 100 | 7 | $6,000.00 |
| Stanford University | $47,011.00 | 885 | 203 | $29,081.00 |
| University of San Diego | $46,482.00 | 99 | $11,000.00 | |
| University of San Francisco | $43,050.00 | 399 | $0.00 | |
| University of Southern California | $46,100.00 | 1,120 | 74 | $17,000.00 |
| Whittier College | $38,766.00 | 40 | 10 | $15,000.00 |
In some instances, it may be possible for you to participate in a formal exchange between your home institution and the institution you wish to attend in the United States. You can get more information on such exchanges by contacting the international student offices at the U.S. institution or by contacting the corresponding office at your institution. It is possible for this kind of person-for-person exchange to reduce expenses.
U.S. Government
International students are not eligible for U.S. federal aid such as Stafford Loans or Plus Loans. However, there may be other sources of funding if you are an international student coming into the U.S. to study, so check with the U.S. embassy in your home country.
Your family
The biggest source of income for international students is your family. A recent study by the Institute of International Education (http://www.iie.org) showed that nearly 65% of all international students in the USA were funded by there family and relatives, with college and university funding coming in second. International student funding can be quite competitive, so your family may be another source of funding for you to explore.
International Student Loans
International students are not eligible for U.S. government-backed loans like Stafford Loans or Plus Loans, but international students are eligible for private international student loans to study in the USA. You will need to meet specific eligibility requirements like attending an approved school and having a cosigner in most cases. If you do not have a cosigner but would still like to apply for a loan, see if a no cosigner loan is available to you. If you decide to apply for a loan it’s important to be careful about taking on too much debt, you should only borrow what you truly need to cover the cost of studying and living in the US.
Employment
As you begin to think about funding sources for your educational and living expenses in the United States, remember that you cannot count on working in the United States unless you have been granted a teaching or research assistantship. When you submit evidence of your financial resources, you cannot reply on potential income. The income on which you base your application must be assured, and it must be equal to or exceed the costs of the first year of your studies.
Immigration regulations are very strict with respect to working while carrying a student visa. F1 status, which is the most common status for full-time international students, allows for part time, on-campus employment (fewer than 20 hours per week.) J-1 student status allows for similar employment, with similar restrictions, as long as permission is given by the exchange visitor program sponsor.
