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Financing Your Education in the USA

It essential to plan your entire US education – including how to finance it, before you leave your home country. Some colleges, universities and U.S consulates require foreign students to provide certificates of funding for the entire planned period of study even though the 1-20 form requires proof of funding for the first year only.

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

§  Application fees

§  Standardized test fees;

§  Travel expenses

§  Living costs (including room and meals)

§  Books and supplies

§  Health insurance

§  Incidental expenses

You may need to combine several sources of funding to finance your education in the United States fully.

Graduate students should begin the application process 18 months before the intended date of study. Ideally, the same time of applying but certainly no later than one year before as a guideline for applying for financial assistance:

§  Identify and target possible resources;

§  Request information

§  Organize and complete application requests

§  Return complete 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).

Remember, competition for grants is keen in the U.S; 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, transcript, standardized test results, letters of recommendation and essays well ahead of the deadline.

 

News Source : Timeline Newspapre
Last updated at : 19 March,2012
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