4 Tips to Finance Your Studies Abroad

You are on the right page if you are looking for different ways to sponsor your higher education on foreign land. Funding issues are the one of the most prominent reasons why students give up the idea of studying abroad.

Scholarships

A lot of universities abroad offer scholarships to the international students. Some are based on merit and some are based on talent. You can apply for these options in the financial aid section of the university website. You also have to study hard in the meantime. Some non-profit organizations also offer scholarships in some cities abroad. You can check out the criteria for these universities and start applying.

Grants

Grants are not supposed to be paid back. Grants are need-based scholarships and are based on financial circumstances but may also involve other factors. Grants offered range between 500 and 2500 USD. In Europe, most grants are given to students who are less than 28 years of age on the basis of necessity. The amount awarded in Germany is determined on the basis of student need. It usually ranges from 150 to 800 Euro per month for one year. These grants are available for students having low family income and for those who have disabilities. The department of education in the US offers numerous grants to students attending a 4-year community college, university or career school.

Students Loans

In Europe, student loans are available for both national and international students. The amount and your entitlement to the loan are based on the number of credits that you are studying. These loans are to be paid back once you finish your education. The repayment is based on the level of income of the student. Mostly it starts 6 months after getting a job or a year after graduation, whichever is early, depending on the bank.

Fellowship and Assistantship

Fellowship and Assistantship is working under a professor or a research fellow in your field of study. Assistantships are common whereas fellowships are generally obtainable to students who are in research field. These jobs are mostly University and campus based. These opportunities allow students to earn, learn and work under experienced professionals. These are based on academic merits and are granted at higher education levels.

Conclusion

If financial constraint is your anxiety then you can hunt down ways to fund your studies abroad. Scholarships, grants, and student loans can help in saving a lot of money on tuition fees. Fellowships/ Assistantships, student prizes, and internships also help in reducing the expenses while studying abroad.