Student loans for international students in USA

                 Student loans for international students in USA

                                                                   

Loans for students

Every year the price of higher education in the United States. In the 2007-2008 academic year, college tuition, ranged from $ 2,300 to $ 23,800, depending on the university and the title. This amount represents only the cost of tuition and academic fees; when other expenses such as housing and transport, included the average price for each student was between $ 13,100 and $ 35.4001. The price increase requires all international students use a combination of strategies to finance their higher education. These strategies include: use of personal savings and cut costs, explore employment opportunities and identify sources of financial support, both free grants and loans.

Budget

According to a 2007 report by Open Doors of the Institute of International Education, the primary source of funding for international students remains personal resources. Since personal resources play such an important role, it is essential international students to develop sensible habits to manage your finances, such as creating realistic budgets and reducing personal expenses. By creating their budgets, students need to consider the cost of study and living expenses. Living expenses include expenses for housing, transport, food, clothing, books and other personal items. These costs may vary grandementeen in the United States. The financial aid offices of the university and the city government, the offices of trade and tourism are good sources for information on living expenses. In making their budgets, it is important for international students find realistic estimates of living expenses because these expenses can be quite different prices for similar items in her home country.
Cut Costs
In addition to creating a realistic budget, students need to find ways to cut expenses. International students have various ways of reducing tuition fees. One of the main ways is to choose colleges or programs that are profitable. Studying at a university in the most affordable regions of the United States is a way to reduce expenses. Another alternative is to attend a college that offers an accelerated program of study. Universities offer accelerated learning programs to allow transfer of credits or advanced standing by studies in the home country of one, or to allow students to take courses in colleges during the summer or additional courses during the semester.
Students should also try to find ways to shorten expenses. They can also reduce your housing costs becoming an assistant internship at one of the student or living off campus with a relative or friend bedrooms. Many colleges have dorms environment to international style or theme of languages, which try to find international students to work as assistant internship.
Financial Aid

Due to the high cost to study in the US, many international students need to seek alternative modes other than personal funds to finance their studies. These students need to investigate the financial aid or employment options that exist. Financial aid includes: free help, commonly called scholarships or fellowships and student loans.
Free Financial Aid
Free help fondosl concerns that the student does not have to pay back. Such aid tends to be highly competitive and requires excellent academic record is taken. The possible source of free help includes government, corporate or foundation in one's home country sources, the host university, international foundations, organizations and the US government. Many governments provide funding for students, particularly those studying math, science or technology. In addition, some companies may be willing to finance the studies of their employees. Students must submit applications for as many scholarships as possible and to those who qualify, since they do not require repayment of money by the student.
Part-Time Work

Another option we have many international students is to work part time to finance their studies. Under current immigration rules after the first year of studies, international students may apply to the Bureau of Immigration and Customs Enforcement (ICE, for its acronym in English) permission to work off campus for up to 20 hours a week. However, there is no guarantee that permission will be granted. A good source of information is the international student advisor at the university, which has knowledge of jobs available to international students and how to apply for the permit and the workplace. Furthermore, it is important that students be realistic about the hours they can work and still be able to meet their academic commitments.
Loans
Loans should be considered as a supplement to supplement other forms of financial aid such as scholarships, personal savings and work income. The Organization of American States provides both grants and interest free loans to citizens of Latin America and the Caribbean through the Rowe Fund, which helps fund education, research and training in universities in the United States program. The Fund provides financing up to a limit of $ 15,000 per individual loan; therefore, in many cases the beneficiaries need additional resources to finance their studies successfully (for more information, see www.oas.org/rowe and www.educoas.org).

Students need to decide how much will need to borrow and how they will pay the loan before applying. The general rule is to never borrow more than the amount that is absolutely necessary. Many of the loans for international students require a guarantor who is a citizen of the US guarantee the loan. In addition, many loans require that international students are already enrolled in a US university before applying for the loan. When creating the repayment plan, students must have many factors into account. They should find out what the monthly payment amount, when payments begin and how many payments have to do to pay the loan in full. They must also determine what charges are charged, what the interest rate, and if the loan has a forbearance period while the student is attending school. There are many websites that feature financial calculation tools to help students with this process. The make informed decisions about student loans can save students thousands of dollars in the future.

Higher education in the United States is very expensive. However, with good planning and taking inteligentementes economic decisions, studying in the United States must not be unattainable for most international students. At the end of the day, students will have to decide whether the many benefits it offers the experience of studying abroad make economic investment worthwhile.