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Funding Options For Graduate And Undergraduate Programs in The US

Funding Opportunities For Graduate And Undergraduate Programs

One of the major concerns of prospective International students of American Universities is funding. 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, however, that you can explore when looking for sources of funding for your education. These avenues fall under different categories and they are as follows:

  1. Online Scholarship Search

There are a number of research scholarship and financial aid options online. The following sites provide information specifically for international students:

  1. 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 allows users to find scholarships around the world.

  1. InternationalScholarships.com

This platform delivers a comprehensive listing of grants, scholarships, loan programs, and other information to assist college and university students in their pursuit to study abroad.

Here are some additional online scholarship and grant resources for international students to consider:

  1. CollegeBoard.org: This site has scholarship information on more than 2,200 program.
  2. fastweb.com: This is a great source for finding scholarships and internships
  3. Internationalscholarships.com: This site helps international students with scholarships and grants programs.

No doubt, you can be awarded scholarship based on your score in the aforelisted examinations. This is a good opportunity you can leverage on especially if your first degree GPA is somewhat low. This kind of scholarship is usually automatically considered with your application. In other words, you do not need to submit a separate application to be considered for this scholarship.

If you need to score high in your GRE, GMAT, IELTS, SAT or TOEFL, please contact us in our office or get more information on www.mcfedututors.com or whatsapp 08132765285

  1. Scholarship From 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


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.

  1. Scholarship From 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. Private institutions can sometimes discount or reduce the costs of tuition; public institutions seldom have this option. You should request information about financial aid when you request an application form from the institution’s admissions office. Find below some schools that offer financial aids, however, note that this is not an exhaustive list and it is best to find out if your chosen school offers funding options.

University of Delaware

University of Dallas Texas

Fairfield University

Embry-Riddle Aeronautical University

Art center college of design California

Azusa Pacific University

Dominican University of California

University of Denver

Naropa University

The Colorado College

Trinity College(Hartford)

Wesleyan University

Harding University

Pepperdine University

Golday-Beacon College

Alliant International University

University of San Francisco

Stanford University

Harding University and many others.

      E. International Students Loans

International Student Loans are now a very realistic way to finance your education in the US. Loans are very flexible and can offer loan amounts high enough to pay for your entire education, but with extended repayment terms and reasonable interest rates, so you can afford the repayment after you graduate.

Most international students applying for loans must have a US cosigner in order to apply. A cosigner is legally obligated to repay the loan if the borrower fails to pay. The cosigner must be a permanent US resident with good credit who has lived in the US for the past two years. The cosigner is often a close friend or relative who can assist in getting credit since most international students cannot receive credit on their own. If you’re not able to find a cosigner see if there are no cosigner loans            available to you.

      E1. International Student Loans With a Cosigner

In the quest for financial aid, international students should pursue private student loans when there are no other options. Here are a few options for private student loans for international students:

     I. Citizens Bank

The Citizens Bank Student Loan is open to international students if they have a cosigner on the loan application who has a good credit history and is a U.S. citizen or U.S. permanent resident.

The maximum loan amount for a Citizens Bank Student Loan is up to $100,000 for undergraduates, up to $295,000 for certain healthcare professional degrees. Borrowers can choose between a variable or fixed interest rate loan.

  II.  Discover

Discover offers private student loans if an international student is going to an eligible U.S. college. The loan does require a creditworthy cosigner who is a permanent resident of the U.S. or is a citizen here. Eligibility, limits, rates, and terms all depend on the loan type.

    E2.  International Student Loans Without a Cosigner

If an international student isn’t able to find a creditworthy cosigner who’s a citizen in the USA, or simply does not want to use a cosigner, there are private student loans without a cosigner. The following options might be worthwhile for non-citizens to consider.

    I. Prodigy Finance

Prodigy Finance offers private student loans to international students with no cosigner needed. The company was founded in 2007 by three MBA students who saw a need for education loan options for overseas students studying in the U.S.

Instead of using a traditional model for determining risk with borrowers, Prodigy uses what it calls a “borderless model” to determine your potential and other factors beyond just using a credit approval approach. Students in 150 countries can get a student loan or refinance an existing loan with Prodigy – with loan approval in as little as 30 minutes.

Borrowers can get a postgrad student loan or refinance an existing loan. They can have a six-month grace period after they graduate before starting to repay.

To be eligible, students must meet requirements, including living in a country that Prodigy services. They must also have been accepted into an eligible school and program Prodigy supports, and the school they are attending must be outside their home country.

   II.  MPOWER Financing

MPOWER Financing is a new kind of private lender that offers student loans for international students who are attending college in the U.S. MPOWER Financing was established in 2016 and is based in Washington, D.C. This option is unique because the company doesn’t require cosigners, credit history, or collateral. Students of more than 190 nationalities can get loans through MPOWER.

It offers fixed interest rate loans from $2,001 to $50,000 on a repayment term of 10 years, with the option for interest-only payments for the first six months after graduation. Students can pay for tuition or education-related expenses.To protect its investment, MPOWER considers factors such as what school the students will be attending, what their expected graduation date is, their grades and scores, and an internship or work experience they have in their field. MPOWER also looks at future earnings, so it monitors whether the student is taking on too much debt.

The process may sound lengthy, but all of this information is needed for a formula that can determine an initial approval response in just 15 minutes.

To help its borrowers manage their finances, this program offers courses in financial literacy. If students take advantage of those courses, they’ ll have a solid financial base to help them handle their money after graduation. That is one of the perks of this program, in addition to lending financial help for school.

         E.   External Scholarships & Awards

     1. Zuckerman STEM Leadership Program

The Zuckerman STEM Leadership Program supports future generations of leaders in science, technology, engineering, and math in the United States and Israel and, over time, fosters greater collaboration between the world’s most advanced scientific research centers.

Central/South American Scholarship

Any student that is applying to UIW (University of Incarnate word) from within their home country in the regions of Central and South American will receive a 20% tuition discount. Only students applying to UIW from within their home country and independently of a recruiting agent are eligible.

     2.   MPOWER Global Citizen Scholarship

MPOWER Global Citizen Scholarship is an intentionally designed scholarship program that is as broad as possible to match the broad, diverse experiences of international students. And there’s no requirement to be an MPOWER borrower to apply.

     3.   MPOWER Women in STEM Scholarship

One $5,000 scholarship, one $3,000 scholarship, and one $2,000 scholarship to a woman who is currently enrolled or accepted to study full-time in a STEM degree program at one of the 350+ universities MPOWER support in the United States or Canada.

     4.   Cystic Fibrosis Foundation Clinical Fellowships

The intent of this award is to encourage specialized training early in a physicians career and to prepare candidates for careers in academic medicine.

    5.     Marie Sklodowska-Curie Individual Fellowships at FEEM supported by Eni

Subject: Road transport decarbonization Following FEEM’s long-time tradition of successful international post-graduate and doctoral training, and Eni’s interest in supporting innovation and excellence worldwide, FEEM and Eni will jointly support Marie Sklodowska-Curie Individual Fellowship applications. For the current MSCA, European Fellowships call, FEEM and Eni are interested in receiving proposals in the following area: Road transport decarbonization: the role of policies and technologies in future scenarios. In particular, the subject of the research activity is the analysis of future mobility scenarios, to be applied at national or European level.

         G. Employment- Graduate Assistant, Research Assistant and Administrative Assistant Jobs

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 rely on potential income. The income on which you base your application must be sure, and it must be equal to or exceed the costs of the first year of your studies. During your application for admission, be sure to indicate your interest in taking up a job as a graduate assistant. This can be another avenue to raise funds to support yourself.

Immigration regulations are very strict with respect to working while carrying a student visa. F-1 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.

If you need to score high in your GRE, GMAT, IELTS, SAT or TOEFL, please contact us in our office or get more information on www.mcfedututors.com or whatsapp 08132765285

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