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Financing Your U.S. Education

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					   Financing Your U.S. Education




With information from An Insider’s Guide for International students: How to Select
 a University & Finance an Education in the United States, Suffolk University, and
                          Nancy Keteku, REAC for Africa
Expenses Involved
              Application Fees

              Tuition

              Room & Board

              College/University Fees

              Medical and Dental
              Insurance
              Travel Expenses

              Living Expenses
       Before You Apply…
•   Assess your financial situation
•   Consider many types of institutions
•   Remember the extra costs of applying
•   Know that costs will increase every year
     COST: The Main Factor?
Harvard College 2005-06
• Tuition              $28,752
• Health Services Fee $1,370
• Student Services Fee $1,975
• Room                 $5,148
• Board                $4,430
Billed costs           $41,675

             University of Massachusetts
                   •Tuition & Fees   $18,397
                   •Room & Board     $6,517
                   Total             $24,914
           General Advice
•   Research options
•   Start the application process early
•   Use EAC books and materials
•   Use the Internet
•   Contact schools directly about financial
    assistance
Sources of Funding for Undergraduates
                                   0%
                                  0%    0%
                             1%
                        5%

                  2%   1%
                                                   Personal & Family


             9%                                    U.S. College or University


                                                   Home Government/University


                                                   U.S. Government


                                                   U.S. Private Sponsor


                                                   Foreign Private Sponsor


                                                   International Organization


                                                   Current Employment


                                                   Other Sources

                                             82%




 Source: Open Doors 2005
Sources of Funding for Graduates
                            1% 0% 1% 1%
                       6%
                  1%
             3%




                                          43%   Personal & Family
                                                U.S. College or University
                                                Home Government/University
                                                U.S. Government
                                                U.S. Private Sponsor
                                                Foreign Private Sponsor
                                                International Organization
                                                Current Employment
                                                Other Sources


       44%




Source: Open Doors 2005
              Sponsors
• Find alumni from your local
  school/university who studied in the U.S
• Find an influential person in your region
  who studied in the U.S.
• Send updates on your grades &
  activities in the U.S. to your sponsor
                 Loans
• Most American banks require U.S.
  citizens or permanent residents to co-
  sign the loan
• Find out if any local/international banks
  in your country offer educational loans
  for specific degrees/institutions
• For more information on loans, look at
  www.iefc.com
    U.S. Government Programs

     Advantages        Disadvantages
• Funded by U.S.   • Applicants can not
  Government         choose schools
• Application      • J-1 exchange visitor
  procedure easy     visa has a 2 year
                     home stay
• Visa procedure     requirement
  simplified       • Programs not in all
                     disciplines
You have to balance your
 interests, abilities and
        finances.
 Educational advisers are trained to
  help you make the best decision.

				
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posted:9/12/2011
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