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What
is Financial Aid
Since education
and living costs
overseas can turn your life
and pockets upside down; Financial aid is provided by various
sources to minimize the financial burden on parents and students.
Financial
Aid is a term used to describe a number of sources and programs that
assist students fund their education.
There are three main types of financial aid, they are:
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Scholarships /Grants /Fellowships /Assistantships /
Need based aid - do not
have to be paid back to the institution that provides it.
They are given to students on a merit basis.
Students applying for the MS degree, if you have a good academic record, can expect to fund your education abroad almost
free of cost! Money is available from the universities in the form of
a TA
(teaching assistant) or a RA (research assistant) which enables the
students to support themselves completely
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Loans – have
to be paid back. Loans can be borrowed from financial
institutions or banks. Therefore
if for any reason you are not eligible for a
scholarship/fellowship/grant then this is an avenue to explore to
fund your education
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Student Employment
programs – Money earned does not have to be paid back. Student
employment programs are designed for students to work and earn. These enable you to work and pay off for your education costs
simultaneously
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Red
Alert
Students on an
F1 visa can work only on-campus |
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