Financial 4.0 logo
EventsMarketplace
Sign In
INTERNATIONAL STUDENTSLIFESTYLE & TRAVEL

Financing Your Education as an International Student

Written by: Haley (she/her)

2 min read | Published: August 29, 2023

Image for Financing Your Education as an International Student

Post-secondary education can be expensive. International students often pay more for tuition in the United States compared to students from America, exemplified by in-district or in-state tuition rates. Although it can be difficult to navigate paying for school, there are lots of options available to you as you think about covering the costs of your education.

Financial Aid

One option available to international students is applying for financial aid through the financial aid office at your college or university. You can typically schedule a phone or virtual appointment if a meeting on campus is not convenient. Some financial aid offices even allow drop-in appointments so you can stop by between classes on a day that works for you. You can also check with your school to determine if you should complete the Free Application for Federal Student Aid (FAFSA). Although international students don’t qualify for aid from the U.S. government, your college might use this form to determine your eligibility for aid from the school itself.

Loan-Free Options

As an international student, you have many scholarship and grant opportunities available to you. Check your college or university’s website to see what scholarships or grants they offer. If you apply and are given a scholarship or grant, it can be a great way to avoid paying interest since it may prevent the need to take out a loan. Taking out fewer loans during your college or university experience can decrease the amount of student loan debt you have to pay back after graduation.

Student Employment

Another option available for international students is to look into student employment or paid internships. Working a job while you’re in school can be a great way to reduce borrowing money for your education and living expenses. In my experience, my student job allowed me to move off campus, saving me money by doing so. Many student employers are willing to work around your class schedule, offering flexibility other jobs may not. Internships and on-campus employment can also provide a way to meet people and become more familiar with your college or university. Don’t forget to inquire about nearby credit unions or banks so you have somewhere for your hard-earned cash to go!

Continuing your education can be a really exciting time in your life! As an international student, you have lots of opportunities available to you to finance your education. Using one or more of the tips above could help you make the most of your educational experience while taking some of the financial pressure off you as you complete your degree.

Sources:

[https://studentaid.gov/sites/default/files/international-students.pdf; Can International Students Apply for Aid Through the FAFSA? (businessinsider.com)](https://studentaid.gov/sites/default/files/international-students.pdf; Can International Students Apply for Aid Through the FAFSA? (businessinsider.com)

Was this helpful?

Browse Related

Image for Celebrate February: Its Financial Aid Awareness Month

Celebrate February: Its Financial Aid Awareness Month

BLOG | COLLEGE

1 min read | February 1, 2022

Financial Aid Awareness Month is celebrated across the nation every February. This celebration is an effort to provide crucial information to families and students about federal, state, and institutional financial student aid.

Learn More

Image for Apply FAFSA

Apply FAFSA

BLOG | COLLEGE

3 min read | January 5, 2023

Whenever applying for college it is important to apply for financial aid. Financial aid programs are committed to helping students pay for a higher education. Financial aid is a great resource to help relieve some educational expenses.

Learn More

Image for Savvy Student Savings

Savvy Student Savings

BLOG | INTERNATIONAL STUDENTS

3 min read | November 2, 2023

Traveling to the U.S. for higher education can be a fun and exhilarating experience, but it can also come with many challenges; one of which may be financial. Learn how to be a savvy saver, whether you’re an international or domestic student.

Learn More

Browse by Category

Image for Budgeting

Budgeting

Image for Career

Career

Image for College

College

Image for Credit

Credit

Image for Fraud

Fraud

Image for Investing

Investing

Image for Lifestyle & Travel

Lifestyle & Travel

Image for Student Athletes

Student Athletes

Image for International Students

International Students


MSU Federal Credit Union
www.msufcu.org

Produced by Michigan State University Federal Credit Union. MSU Federal Credit Union and related trademarks and logos are trademarks of MSU Federal Credit Union. Federally insured by the NCUA. Equal Housing Lender.

If you are using a screen-reader or other auxiliary aid and are having problems using this website, please call 800-678-4968 for assistance. All products and services available on this website are available at MSUFCU full-service locations.

LEARNBLOGSPODCASTSQUIZZESCALCULATORSVIDEOSEVENTSMARKETPLACEFAQABOUTCONTACT US
Download on the App StoreGet it on Google Play

Copyright © 2024 Reseda Group LLC, used under license.

Terms of Use
Privacy Policy
Disclaimer