According to the IIE’s Open Doors Report, there are 819,644 international students study in the U.S.A. Out of them most of the students have been given some sort of financial assistance.
Keeping funding an important factor in the study in the US, there are certain strategies that can be used for choosing universities:
- Choosing public universities can minimize the cost.
- Selecting universities that offer scholarships to international students.
- Attending a community college first and then transferring to a 4-year institution can also cost less.
International Student Loan to Study in the U.S.A
- International students can apply for a student loan in USA year around depending on whether they have qualified in all the test requirements to study in the U.S.A.
- These loans can cover all tuition costs minus any other financial aid available.
- Most lenders in the U.S require an international student to have a Cosigner.
- The cosigner should be a U.S citizen with good credit history and has lived in the USA for the past 2 years.
- Some select loans will not require a cosigner if you meet specific criteria
- Attending an eligible school, demonstrate high career potential, and plan on graduating within the next two years are the few eligibility criteria.
Study in the U.S.A: Documents Required for US Aid
- A completed scholarship application form
- Copy of passport/ID
- Copies of transcripts/Diploma
- IELTS/ TOEFL Score
- Statement of purpose/Letter of motivation
- Letter of recommendation (1 or 2)
- CV (Curriculum Vitae)
- SAT/ACT/ GRE/ GPA and other test scores
- Parents’ financial information, including tax returns