The advantages of studying in the U.S. are infinite, minus one - the price. But if you really want to go to the dream, then there is a way out for you - grants and scholarships. By the way, grants in the United States are easier to get than in other English-speaking countries.
Ways to finance your studies in the United States:
- University Scholarships & Grants.
- Fellowship from the US Embassy (Fulbright)
- Extra income (assistantship/work-study)
Now more details about each type of financing.
University Scholarships & Grants in the USA
Fellowships (research grant)
To receive this grant, the student must do research for the university or government agencies. This grant covers the full cost of tuition as well as accommodation and meals (about $1,000-1500 for personal expenses). Most often, research grants are for PhD (doctoral/postgraduate) students. And more than 90% of PhD students, including foreign students, receive full funding for their education.
An example of a program with a research grant: PhD, Department of Physics, University of Maryland. Full funding is provided to all applicants for the program.
Scholarships (Study Grants)
Such a grant can represent both full funding and 5% of the full cost of tuition, depending on the program and the university. To find out the details of the grant, you need to write to universities and research their websites. Unfortunately, there is no single portal for study grants in the United States. Moreover, universities' budgets change every year.
An example of a grant program: Masters in Marketing, Carey Business School, Johns Hopkins University. The program has several grants (Dean's Scholarship), which cover the full cost of education ($60,000).
US Government Fulbright Scholarship
The advantage of the program is that the Fulbright grant covers the entire cost of the course, accommodation, examinations, flight and visa. However, after graduation, a graduate can stay in the U.S. only on a tourist visa, as the right to work is not granted (for 3 years). Therefore, it is likely that you will not be able to work after Fulbright. Although there is an exception - you can get an O1 visa for foreigners with exceptional talents, only with it you can stay to work in the U.S. under the Fulbright program.
An interesting Fulbright alumnus: Ruzwana Bashir, founder of Peek travel startup, received a Fulbright MBA grant at Harvard. Upon graduation, she received an O1 visa and now lives and works in the United States.
US study loans
Yes, credit refers to types of financing, because not every university student will agree to lend under their own responsibility. The loan must be paid by the student within 10 years after graduation. The first installment is made 9 months after graduation. As a rule, loans without a guarantor are granted to foreign students only by top universities.
If the university of your choice does not grant loans to international students, you must find a guarantor. This may be a relative of yours or a close friend who has lived in the United States for more than two years. He or she must have legal status, a good credit history, etc. You then apply to one of the credit organizations that grant loans to international students in the United States. The money is automatically transferred to the university.
Educational loans are a common reason for students to be depressed. So this is a good idea to think about distance learning.
Assistantship (work at a university)
Here we distinguish between two types of work - administrative and teaching. In any case, you do not work more than 20 hours a week, as a student visa no longer allows. Often these types of work cover the entire cost of tuition and accommodation, but sometimes it can only be a fraction of the cost of studying. Again, you will have to be in contact with the university to assess your chances of receiving such funding.
Support Independent Indigenous Journalism
Native News Online is an independent, Indigenous-led newsroom with a crucial mission: We want to change the narrative about Indian Country. We do this by producing intelligent, fact-based journalism that tells the full story from all corners of Indian Country. We pride ourselves on covering the tribes you may have never heard of before and by respecting and listening to the communities we serve through our reporting. As newsrooms across the country continue to shrink, coverage of Indian Country is more important than ever, and we are committed to filling this ever-present hole in journalism.
Because we believe everyone in Indian Country deserves equal access to news and commentary pertaining to them, their relatives and their communities, the story you’ve just finished was free — and we want to keep it that way, for all readers. But we hope it inspires you to make a gift to Native News Online so that we can continue publishing more stories that make a difference to Native people, whether they live on or off the reservation. Your donation will help us keep producing quality journalism and elevating Indigenous voices. Any contribution of any amount, big or small, gives us a better, stronger future and allows us to remain a force for change. Donate to Native News Online today and support independent Indigenous journalism. Thank you.