How to Pay for Grad School in the United States: Key Facts for International Students
Learn how international students pay for grad school in the United States.
Introduction
If you’re an international student thinking about obtaining an advanced degree at an American college or university, figuring out how to pay for grad school should be one of your top priorities.
In fact, you may not even be able to obtain a student visa or gain admittance to the program of your choice unless you can prove you have enough money to support yourself while studying in the U.S.
Start Your Research Early
The total cost of attendance for an international student attending a graduate program in the United States can vary greatly depending on several factors, such as the type of program, the location of the school, the length of the program, and the student's living expenses. In addition to tuition and fees, international students may also need to factor in costs such as those related to travel, health insurance, visa application fees, and additional expenses associated with studying abroad.
As a result, it's important to research the cost of attendance for each specific program and to learn whether you qualify for financial aid and scholarships as an international student. The financial aid office at your chosen school can provide more specific information about the cost of attendance for their graduate programs.
Discover Funding Opportunities for International Grad Students
International graduate students in the U.S. are eligible for many scholarships, but the availability of these scholarships may depend on factors such as their program of study, country of origin, and academic achievements.
Here are some examples of scholarships and financial assistance that international graduate students may be eligible to receive:
Fulbright Scholarship
The Fulbright Program offers scholarships for graduate students from over 160 countries to study in the United States.
Hubert H. Humphrey Fellowship Program
The Hubert H. Humphrey Fellowship Program is a fully-funded program that helps mid-career professionals from certain countries study in the U.S.
Rotary Peace Fellowship
The Rotary Peace Fellowship is available to graduate students studying peace and conflict resolution.
Aga Khan Foundation Scholarship
The Aga Khan Foundation's International Scholarship Program offers scholarships for graduate students from certain developing countries.
American Association of University Women International Fellowships
The American Association of University Women International Fellowships provide fellowship opportunities for women pursuing graduate studies at a U.S. college or university.
Institution-specific scholarships
Many universities offer scholarships specifically for their international graduate students. Check with your prospective schools to see what types of scholarships are available.
International student loans
International students may also be eligible for student loans from banks or financial institutions in their home country. Make sure to compare different loan types and their terms and interest rates.
Remember to thoroughly research all available scholarship opportunities and carefully read their application requirements and deadlines. It's also a good idea to apply for multiple scholarships to increase your chances of receiving funding for your graduate studies.
Provde Proof of Funds
As an international student, you may be required to show proof of funds when applying for a student visa. Proof of funds demonstrates to the visa officer that you have sufficient financial resources to support yourself while studying in the United States. Some examples of acceptable proof of funds include:
- Bank statements: You can provide bank statements from your own account or from a sponsor’s account. The bank statement should show that you have enough funds to cover the cost of tuition, living expenses, and other related costs for at least one year.
- Scholarship letter: If you have received a scholarship or financial award from your school or another organization, you can provide a letter or documentation that shows the amount and duration of the scholarship.
- Affidavit of Support: If you have a sponsor who will be financially supporting you during your studies, they can provide an Affidavit of Support that shows their income, assets, and willingness to support you financially.
- Property or asset documents: You can also provide documents that demonstrate ownership of property or other assets that have significant value.
- Loan approval letter: If you have been approved for a loan to cover your educational expenses, you should provide documentation that shows the amount and duration of the loan.
It's important to note that each U.S. embassy or consulate may have slightly different requirements for proof of funds, so it's best to check with the specific office where you will be applying for your student visa to ensure you have all the necessary documentation.
While figuring out how to pay for grad school in the United States may require an investment of time and effort on your part, the potential benefits of earning a graduate degree from a U.S. educational institutional are well worth the effort.