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Feb 01

Financial Aid for Studying Abroad

Published in studying abroad aidstudy overseas financial aidstudy abroad scholarshipstudy abroad financial aidstudents financial aidprivate scholarshipspaying for collegeinternational student scholarshipeducation scholarship programscollege students scholarshipscollege education financial aid by jamestomerson |

There are several independent organizations, academic institutions, businesses and government organizations that offer financial support for students aspiring to pursue international education opportunities. Whether you call it Euro, Yen or Dollar, if you interested in studying abroad, you are definitely going to need it to support your education expenses. These financial aid programs are offered either on the basis of the country you are studying in or the field of study you are pursuing. Resources for receiving aid for international education opportunities are too many. All you need to do is perform some research on your own and locate these study abroad funding opportunities.

 

Eligibility for the Aid
Before you actually apply for the financial aid programs, you need to be informed whether you are eligible for the international funding or not. The financial aid amount that you receive for studying overseas depends on the following factors.

 

The financial aid amount your qualify for at home campus
The price label on the study-abroad education program
The level of commitment your college has for the promotion of study abroad opportunities
Whether or not the education program you select is approved by your college

 

Using the Financial Aid You Have Already Received
Hardly do many students are aware that many of the financial aid and federal aid they have already got are transferable to studying overseas. Therefore, the very first step towards funding your international education program is to check out whether you can use your existing education aid. For this, you need to check all the usual educational aid including federal need-based aid, state need-based scholarships and state merit scholarships, institutional financial aid etc.

 

When it comes to using federal aid like the Pell Grants, Stafford loans and PLUS loans, candidates are required to fulfill the international education aid eligibility. However, your school can not deny the transfer of educational fund just because you are interested to pursue a study abroad education program. Of course, there are some requirements that you need to fulfill for a hassle-free transfer of funds to a college or university abroad. For further details on the limitations both for federal financial aid and other state-based and institutional aid, students can get in touch with the financial aid department at their schools.

 

Other Sources of Aid for Pursuing Education Abroad
Besides using the existing financial aid or the scholarship you have already got, you can also search and apply for other education aid programs, offered by numerous scholarship organizations, business establishments, educational commissions, state based agencies and corporations, government funds and research foundations among others.

 

Candidates can also check out several fellowships programs and educational grants that the United States government offers to students studying abroad. Some of the most useful resources for study abroad aid are as follows.

 

National Security Education Program (NSEP)
NAFSA Grants and Scholarships
Rotary Foundation Scholarships
Study Abroad Scholarships (University of Minnesota)
U.S Department of State
U.S. Department of Education
Institute of Turkish Studies (ITS)
Hispanic Study Abroad Scholarships (HSAS)
Gilman International Scholarship Program
Association of Commonwealth Universities

 

Education expenses for completing your education abroad should never hold you back. Financial aid opportunities await candidates all over the world. There are numerous private organizations and civic groups that offer education aid for international education programs. Apart from that, there are ethnic organizations as well serving students of specific communities and backgrounds. Candidates should look out for study abroad aid locally, nationally and internationally. Most of the students give up on their decisions of studying abroad just because they think the cost of pursuing a degree program abroad will be unrealistic. The tuition fees and the cost of living are considerably lower in many parts of the world. With some research, you can find really affordable study abroad education programs and get financial aid to support your education expenses.


Nov 09

How to Get Free Grant Money for College

Published in scholarships for collegepaying for collegehow to pay for collegegrant money for collegefree money for college studentsfree money for collegefree grant moneyfree college money for studentsfree college moneyfree college grantsfree college grant money by jamestomerson |

States, businesses and colleges are offering free college money so that parents can build up college savings accounts. Though free grant money is available to help students pay for college, there are a few catches too. However, parents need to be a little more careful while applying and signing up for anything. If there is anything that sounds suspiciously good may make you fall prey to a scholarship scam or a grant scam. Apart from that most of the grants money offered for free is comparatively modest. Since the start of the year 2009, around half a million people have signed up for one grant program or rebate program at least.

 

Given below are six ways to receive free grant money for college savings :

 

1. States
To encourage savers and boost college savings, different states provide free money for college. Some of the states target only low-income and medical-income families while there are others that provide free college grant money to boost the savers' college savings. States like Arkansas, Colorado, Michigan, Minnesota, Rhode Island and Utah in the United States target low and middle income families.

 

Deadlines to apply for these free grants vary from state to state. For some states, long application forms are provided to parents early every year while in other states free college grant application forms can be submitted till the end of May each year. In states like Utah, there is a limited availability of grant money for college. Therefore, parents need to check out the details of applying procedure and submission of free grant application depending on the state where they reside.

 

2. Employers
There are a number of employers that also provide parents free college money for students. To avail the grant benefits, parents need to open a 529 savings account before the arrival of the baby's first birthday.

 

3. Credit Cards
Companies like Fidelity and Upromise provide credit cards with rebate options. In some cases the rebate checks will be sent to the respective 529 accounts. Rebates offered on these credits may vary depending on the type of purchases you make. What is to be noted here is that credit card companies are not doing any charity. Of course, they are giving back but are making more money as borrowers continue to purchase. The rebate can range between 1 to 10 percent as per the item purchased.

 

4. Websites
There are many online companies and websites that also offer rebates to help save money for college. These websites have partnered with retailing companies. As shoppers click through these websites and make purchases from the retailers, the websites send cash back to shoppers.

 

5. Colleges
There are hundreds of colleges that offer free college grants to parents. To provide free grant for college, different companies work in collaboration with private colleges. To avail these free college grants, parents have a range of saving plans to choose from. For example, if a parent with a 10-year-old put around $29,000 in the plan today, may have the benefit of having paid a year;s tuition fees in 2017, amounting to around $40,000.

 

Most of these plans are only ‘Tuition Reward' plans. That means the plans do not cover expense for room, board, books etc. To receive the promised free college grant money, students need to attend the respective member colleges. In case, they do not attend the member colleges (as mentioned in the college savings plan), they are not going to receive a single penny. So, these are actually pre-paid plans available to parents for boosting their college money savings.

 

6. Relatives & Friends
Different online companies offer electronic tools to help parents get free college grant money. Suppose a relative or a friend of your want to present your child with a birthday gift or a graduation gift. Instead of giving the gift, they can have the option of donating to your college savings account. However, the donation money will depend on the number of wealthy relatives you have. Normally, the donated money (in the form of free college grant) will amount no more than $100.


Nov 08

What to Do after Winning a Scholarship

Published in winning scholarshipswinning a scholarshipscholarship thank you lettersscholarship speechesscholarship organizationspaying for collegefund for educationcollege student scholarshipsafter winning a scholarship by jamestomerson |

Of course, winning a scholarship takes time and effort. You may have applied to many a student and college scholarship programs and have won quite a few too. If you have not won a scholarship yet, you may win one in the near future if you do your homework well and apply keeping in the mind the eligibility and selection criteria. But, what do you need to do after you have won a scholarship? Is that all? Exactly, not. In fact it is the beginning. The free money that you get is surely going to help you bear the college expenses. Given below are some tips and suggestions on what scholarship winners need to do next.

 

Writing the Thank You Letters
So, you have received a letter with the opening words: "Congratulations". It is quite obvious that you have the scholarship that you had applied for. It is now time to write thank-you letters to scholarship sponsoring organizations, scholarship selection committee, the program director and other people involved in the whole scholarship selection and awarding procedure. Do not fret, as you do not need to draft a speech for a movie awards ceremony. You need to write just a couple of words to express your heartfelt thanks to scholarship judges who spend many hours selecting the deserving candidates out of thousands or more applicants.

 

Writing thank-you letters after winning a scholarship also brings you the opportunity of keeping in touch with many scholarship organizations that might help you later as well. In the thank-you letter, do remember to mention your contact info and plan to keep in touch further as well. You may also plan to write another letter to continue being in touch.

 

Preparing Scholarship Recipient Speeches
Many times when you win scholarships, sponsoring organizations may ask you to make a scholarship speech. After you have won scholarship money for college, students may be required to speak at the winner's banquet or reception. Do not feel apprehensive about speaking before the public, as the audience already loves you for winning the free money for college. It is a good idea to prepare a short story including who you are and what goals you want to achieve in future. And be ready to enjoy the moment, as the audience is there just to celebrate your win.

 

The audience would usually comprise of scholarship organization members, program director, community leaders, sponsors etc. So, use scholarship speech as an opportunity to impress the audience and win some brownie points by appreciating other scholarship winners as well. You never know when they get impressed and consider you for an internship later. While delivering the speech, do thank the organization members, scholarship program judges, your family and teachers who recommended you for this college scholarship program.

 

Requesting Funds
After winning a scholarship, you may be asked to fill out a form so that the scholarship award office may send you the check. If you receive a letter mentioning the same, you need to exactly find out where you need to submit the form for requesting scholarship fund. Many universities can have separate offices for financial aid and awarding scholarships. Check out all the details while requesting funds for college education. You can either log on to the respective website or make a call to the scholarship office to gather inform regarding the fund request form and its submission.

 

After the submission of the scholarship fund request form, the scholarship award office can either send the free money directly to your address or at the school you attend. The school committee will later deposit the fund into your account. In case you find delay or do not receive the scholarship money even after submitting the fund request form, do not sit thinking that they are not going to send it. Just make a call and get in touch to find out the details or the current status. At times, the scholarship award office may not be able to get sufficient information required to send you the scholarship money.

 

Keeping in Touch
Winning a scholarship means you have also won the support of a whole network comprising of scholarship organization members, scholarship judges, community leaders etc. You need to keep in touch with all these influential people. This network can also bring you lots of job opportunities, internships and mentoring facilities among others. The scholarship organizations would really love to hear about your updates and progress while you attend college. You can also write them a nice email on a quarterly basis to keep them updated. You have no idea how this professional and influential network can bring you more and more opportunities for the advancement of your career.


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