Financing your education in the USA

Financing your education in the USA

It is necessary to plan your entire U.S. education—including how to finance it—before you leave your home country. Some colleges, universities, and U.S. consulates require international students to provide certification of funding for the entire planned period of study even though the I-20 form requires proof of funding for the first year only.

So you should begin research as early as possible. Some scholarships and grants are available only to students applying from their home country. You might also consider all possible home-country sources of backing. Tuition is only one of many expenses you should expect when studying in the United States. Other expenses may include the following:

(A) Application fees;

(B) Standardized test fees;

(C) Books and supplies;

(D) Health insurance;

(E)Travel expenses;

(F) Living costs (including room and meals);

(G) Incidental expenses.

You may require to combine several sources of funding to finance your education in the United States fully. The USIA pamphlet “If You Want to Study in the United States—Graduate Study” provides information on evaluating your ability to finance U.S. study, including explanations of the various costs associated with U.S. study for international students and a financial worksheet to help you plan your expenses realistically.

Graduate students should begin the application process 18 months before the intended date of study. Ideally, you should begin to plan and research financial assistance at the same time as—but certainly no later than one year before—the school year begins. Use the steps below as a guideline for applying for financial assistance:

(A) Organize and complete application requests; and

(B) Return completed financial assistance applications well ahead of the final deadline date indicated on forms (these dates may be much earlier than regular application deadlines—as early as 8-9 months before classes begin).

(C) Identify and target possible resources;

(D) Request information;

Keep in mind, competition for grants is keen in the United States; an incomplete, tardy, poorly written, or messy application could cause your application to be rejected. Plan ahead, prepare carefully, and follow instructions! Take the time to prepare a qualified request for financial assistance and send your complete application—including application fee, transcripts, standardized test results, letters of advice, and essays well ahead of the limit..