As an international student, it is highly important that you should understand the financial aid policies of the nation, particularly if you are planning to opt for higher studies in the United States. Experts are of the opinion that as an aspiring candidate, it becomes important for you to take some time in understanding the financial aid picture of the institutions for which you are planning to apply. Here are certain set of questions that will help you get a clear picture about financial aid policies:
Before actually getting into the questions, it is better to have an understanding about the institutions that has offered financial aid to international students in the United States in the recent years:
- University of Chicago – 57 international students received monetary aid to the tune of $56414
- Williams College – 80 international students received aid to the tune of $54671
- Yale University - 347 international students received monetary aid to the tune of $53774
- Skidmore College – 80 international students received financial aid to the tune of $53523
- Harvard University – 530 international students received monetary aid to the tune of $52758
- Amherst College - 146 international students received monetary aid to the tune of $52433
Like this, many other top colleges and universities in the United States offer financial aid to international students.
What to ask financial aid counselors?
As mentioned earlier, asking the following questions will help you in getting a clear picture about the monetary expenses you will have to make for your higher studies in the United States:
Can international students get financial aid?
Generally, you can find answer for this question from the website of the university or institution to which you plan to apply. Some schools offer scholarships and financial aids to US citizens on the basis of their need, while international students are offered merit scholarships alone. To avoid future problems, it is better to check with the financial aid counselor of the institution as to whether you will receive financial aid besides being a foreign student.
Will the aid meet your financial needs fully?
Even though, many students have this question, they are hesitant to ask it. But, it is important that you should get a clear answer for this question. This is because applying to a school, whose expenses cannot be met by your parents, is just a waste of time.
What are the factors that can influence the chances of your financial aid?
Some schools admit only students with good score in the SAT examination and only for those with high GPA based on their partaking in extracurricular activities. In such a case, it becomes important that you will have to work towards bringing up your grades and it is also important that you should stay active in extracurricular activities. But, remember that your academic performance is highly important.
In addition to these questions, before applying to an US school, it is better to check with the financial counselor about the fee increase that can be expected each year. Also, you should check whether international students are charged the same fee as US students.