Here’re scholarship opportunities and funding options to make your dream of studying abroad (or any institution you like) a reality
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In here you’ll find helpful information on…
By the end of this article you'll uncover cheesy scholarship opportunities. So, let’s get to Paul’s letter to you… pun intended.
Hi, Paul here... Let’s get to your scholarship opportunities and academic funding options...
I hope you enjoyed the previous post?
I need to know what you think about it. Please send in your feedback!
I also would like to respond to any question that you may have after reading it. So please do not hesitate to send in your questions at any point in time.
In this particular article, I'll be focusing on helping you deal with financial needs.
Don’t misquote me.
I’m NOT saying that I'll take care of your financial responsibilities. What I want to do is give you some quality tips and resources to help you make the most of the financial opportunities that are made available to international students studying abroad.
If I had known half of these before making my plan to study abroad, my life would have been so much easier! However, I do believe that I went through all those financial headaches so that I can be in a position to help you, like I’m doing right now. If you are reading this, I want you to understand that you were right here in my future! What an encouragement, right?
Anyway, in doing this, I hope to expose some fundamental, time-saving and stress-free tips to you, so you can be aware of some of the financial programs and resources that are available to help you. Hopefully, this can get you off to a good start as you move closer to pursuing your dream of studying abroad.
Let me start you off by stating that if you are planning to enter into the USA simply for the sake of entering in, and your focus is not to pursue education, you may be reading the wrong article. And by all means, do not decide to use the information here to enter into the States and then ditch your program to enjoy the American dream. Your future is at stake and a wise person would not throw away the opportunity to get a quality education in the States for enjoying a purposeless life.
So let’s talk about the money. We all could use some extra money right now. Don’t we? Ironically, even the rich ones among us want to get richer. But before I go into much details, let me restate something I mentioned in the previous post. The United States government (and, I believe it’s the same with other foreign countries) and most school administrations would like to help you financially, and in order to do this, they’ve made available various scholarship opportunities, grants, loans, and many different financial aids programs. However, you cannot base your plan of studying abroad solely on the expectation that they will fund you. The US Government is not responsible for your financial need. Whatever they do would always be to augment what you bring to the table. You have to realize that you and your family are the primary sponsor of your education.
So let me share with you a couple of things, concerning funding and scholarships, to put in mind when you decide to study abroad:
In other words, get familiar with the school you'd like to go.
Remember in the first post, I encouraged you to first research the school you would like to go to. One of the things you need to be looking out for as you peruse the school information is their relationship with the international student body.
In doing this, you'll become aware of
Basically, how conducive the school is for international students.
As you check their financial assistance programs, you are trying to see if you can bear the financial responsibility required to attend the school. If you are not sure how to go about it, ask a representative of the school. I’m sure they would be more than happy to assist you.
Understand that there are many schools that may be cheaper than the ones you have on your Top 3 List. So be smart to consider what’s best for you.
In many cases, the quality of education you’d get at an expensive university is equal to the one you’d get at a cheaper one.
So cut your coats according to your size.
This information can be inquired from the school you are planning to attend.
In addition to letting you know about the school financial aid programs, they should very well be able to provide you with some details on where you can go to find out about scholarships.
Meanwhile, to prepare your mind and help you know what you should be looking for whenever you’re researching about scholarship opportunities, below are some of the kinds of scholarship opportunities available and the parameters used in awarding them:
a) Merit Scholarships
These are the most conspicuous and highly coveted scholarships for college students – there are three types...
1. Academic Merit Scholarships
These are the types available to the smart folks!
If you love school and you are an A-student, you are more likely to get a good chunk of this.
Albeit, you don't have to top of your class to benefit here. The point is that the amount you get is strongly determined by your academic performance.
Click HERE to learn more about this.
2. Athletic Merit Scholarships
Whenever I think about this one I often feel sad. I feel sad because I didn’t know about it until I got to the USA!
Had I known, I'd have proceeded to go to the school that offered me a significant amount in Academic Merit Scholarship when I took my SAT in 2008.
And yes, I would have joined the soccer team!
In fact, it'd have been possible for me to get a full ride scholarship to play for the school. Then I was so young and green and full of energy. That would have been some amazing adventure for me, seeing that I love soccer so much.
Anyway, I believe things happen for reasons unknown to us.
Here is what you need to know about this one:
3. Artistic Merit Scholarships
Are you endowed with musical abilities?
Do you play any musical instrument?
Do you love to dance?
Is there anything artistic about you and are you passionate about pursuing a dream in that direction?
Then you may be able to source some funds for your education.
b) Endowment Fund Programs
It was only recently that I heard about this program from a friend of mine who was a beneficiary for two years. It’s a very strategic program that’s not done by every university.
Endowment fund is “an investment fund set up by an institution in which regular withdrawals from the invested capital are used for ongoing operations or other specified purposes. Endowment funds are often used by nonprofits, universities, hospitals and churches. They are funded by donations, which are tax deductible for donors.”
And even when a university participates in this program, oftentimes, it’s not every student that know about the program.
So let’s just say I’m letting you in on a very important secret.
Hence, you may need to fish the details of this program out of the representative of the school that you are in contact with.
Below are resources you could look into to read more about the topic discussed in this post. I also supplied some links to sites where you can find scholarship opportunities here…
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