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Types of financial Aid and Scholarships
Sources from USA
University Funding/Scholarships
Tuition Waiver
Some Universities Tuition waiver after first semester (if
performance in 1st sem. is good). This means that the
student does not have to pay the tuition fees at the university.
However, general fees (for the use of university facilities like
the library, computers, and sports and health services) usually
have to be borne by the student. It is also possible that some
other department may offer scholarship.
Scholarship / Fellowship
This is usually an outright grant based on the student’s
academic ability and performance. Hence, Only a truly outstanding
student may be considered for this type of award, before enrolling
at the university. A full scholarship would pay for a student’s
entire living expenses at that university, whereas a partial
scholarship would require additional funds from the student.
Assistantship
> Graduate assistantship (GA): You will work in the departmental
laboratory, usually on software development, maintenance, and
support.
> Teaching assistantship (TA): You may conduct a recitation section of
an undergraduate or graduate course and/or may otherwise assist a
faculty member in teaching or grading. You may occasionally teach
an undergraduate course yourself. You may also be required to take
TSE (Test of Spoken English) to qualify for a
teaching assistantship.
> Research assistantship (RA): Typically, you will work with a faculty
member or group on a (usually externally funded) research project.
Note:
>> Most students start out as TAs or GAs (unless approached prior
to arrival by a faculty member who wants you as an RA). Later,
when you choose a
major professor, that faculty member might have funding to support
you as an RA. All assistantships require an average of 16-20 hours
of work per week .
>> If you have never taught before, or if you are a foreign
student not familiar with American undergraduate education, or
even if you are an experienced teacher, you should find the
following book useful.
Case, Bettye Anne (1989), Keys to Improved Instruction by Teaching
Assistants and Part-Time Instructors: Responses to the Challenge,
MAA Notes No. 11 (Washington, DC: Mathematical Association of
America).
Loans from U.S. Banks
If you are
an international student enrolled at the US college you can obtain
US study abroad loan for Undergraduate Courses or International
Study Abroad Loan for Graduate Courses, to finance your studies.
All a student needs is to apply, fill a form, and arrange a
cosigner . A cosigner or a guarantor is a must for student loan
from abroad .Financing is available to cover tuition domestically
but also tuition travel and expenses while studying in the US .
The scheme for the Graduate Loans in US does not require FAFSA,
Financial aid qualification and the loan limit. It requires the co
signer ,who can be the parent, Guardian ,Relative of the person
who knows the person who wants the loan.
Aid from Other Sources
Financial Aid for International Students (www.finaid.org)
NAFSA Association of International Educators
(http://www.nafsa.org)
On Campus job
The
hourly pay for on Campus jobs Pay from $5.15 to $15 per hour.
Foreign Students can work for 20 hrs per week and 40 hrs per week
during summer. Students may be allowed to work out of campus
(Internship) after nine months of their arrival at USA. Most of
(nearly) all expenses can be met while working on campus Jobs.
Sources from your own country
Bank Loans
Bank Of Baroda, State Bank of India, Punjab National Bank
provide study loan for education in India and abroad.
Trust Loans
Fellowships
FAQ's
Arka Ghosh Asks
When should I apply for Loan/Scholarship (before/after getting
admission) ?
You can apply for it before as well as after your admission.
How much can I borrow at Max . I intend to borrow about 20-22 Lacs
from a bank .
>> You can borrow as max as equal to your study expenses.
I do not have any US cosigner for the Loan.
>> As you do not have any US cosigner. Please check for particular
university if there any bank which offering loam without cosigner.
In that case should I contact the Indian banks ? How much
security I need to show for taking a 20-22 Lacs loan ?
>> Yes you can contact Indian banks for student's loan.
Please check respective bank website. |
