FINANCIAL AID FOR

INTERNATIONAL

STUDENTS

What Financial Aid Is

Terms & Acronyms

Types & Sources of Aid

Application Process & Forms

Creative Ways to Pay

Timeline

GOALS

Defined as:

Students that will need a visa (F-1) to

study in the United States

INTERNATIONAL OR

FOREIGN STUDENTS

Money supplied by a source outside the

family to help pay for the cost of education.

In reality, many colleges separate

Financial Aid (need-based)

Scholarships (merit-based)

WHAT IS FINANCIAL AID?

An assistance device

Not designed to replace a family’s (primary)

contribution

Not based on what the parent’s would LIKE to pay

FINANCIAL AID IS...

COST OF US INSTITUTIONS

Need Based

Merit Based

Need Blind

Need Aware (Most US Colleges & Universities)

TERMS

EXPECTED FAMILY

CONTRIBUTION

Parent’s Contribution

+ Student’s Contribution

Expected Family Contribution

Calculated ability to pay may not match

family will ingness to pay!

DETERMINING NEED

Cost of Attendance

- Expected Family Contribution

Eligibility or Financial Need

COA

• Billable Costs: Tuition, Room &

Board, Fees, Health Insurance

• Indirect Costs: Books, Spending

Money, Transportation from Manila,

etc.

Institutional

Private

Student/Family

Community Organizations

Civic Groups

Religious Organizations

Businesses

Industry

SOURCES OF AID

Measure of Quality

Academic

Athletic

Artistic

Special Characteristic

Family resources not a factor

Award levels based on sponsors’

goals, institutional priorities and

funding levels

Always double check to see if merit aid is an “automatic”

process or a separate application.

Family ability to pay

Eligibility may vary

Cost of college

Availability of funding

College calculates family

contribution

College awards aid based on level

of need and available funding

HOW TO APPLY

Research required: forms and deadlines

International Financial Aid Form

CSS/Financial Aid PROFILE

College-Specific Forms

APPLYING FOR FINANCIAL

AID

College Board Generic Form

School based form

INTERNATIONAL STUDENT

FINANCIAL AID APPLICATION

Be sure to use the form

the school asks for!

http://student.collegeboard.org/css-financial-aid-profi le

Verify if the university also requires CSS Profile

Beyond the FAFSA: Medical

expenses, elementary and

secondary school tuition, home

equity, variety of unusual

circumstances

Tailored to an institution

Popular with ED schools

Fee based form

CSS/FINANCIAL AID

PROFILE

Parent tax returns

Student tax returns

Divorced or separated parent information

Other information to verify Income

Assets

Family Size

Special circumstances

FORMS & DOCUMENTS

WWW.INTERNATIONALSCHOLARSHIPS.COM

CREATIVE WAYS TO “PAY”

IB COURSE WORK

Credit Or

Scholarships

Did you know that most

Florida universities will

grant a full year of credit for

an IB Diploma score of 32?

Also Southern Methodist,

Ohio Wesleyan, U of

Minnesota, Oregon State,

and other public

universities

http://blogs.ibo.org/funding-opportunities/

NON-RESIDENT TUITION

SCHOLARSHIP

• Oklahoma State

• Colorado State

• Auburn

• U of Texas

• U of Washington

• Idaho State University

• Minnesota State University Campuses

Women’s colleges are

traditionally generous with

scholarships for international

students.

WOMEN’S COLLEGES

COMMUNITY/JUNIOR

COLLEGE

Pay lower

tuition for two

years

Guaranteed

matriculation

to a top

university

COMMUNITY/JUNIOR

COLLEGE

Pay lower

tuition for two

years

Guaranteed

matriculation

to a top

university

Work, Make Money, Earn Credit at the

SAME TIME!

CO-OP EDUCATION

• California Polytechnic State

University, Sam Luis Obispo

• University of Cincinatti

• Georgia Institute of Technology

• Johnson & Wales

• Kettering

• Long Island University, CW

Post

• University of Louisville

• UMass, Dartmouth

• Merrimack College

• Miami Dade College

• University of Michigan,

Dearborn

• Northeastern University

• Pace University

• Rochester Institute of

Technology

• University of Toledo

WHAT TO DO NOW

SEE YOUR COUNSELOR

Determine what your real level of need is

Research colleges and financial aid websites thoroughly

Talk to representatives who visit ISM. They don’t work for the Financial Aid office, but can provide some insight.

Do well academically

JUNIOR YEAR

Narrow down to one school by May for Early Decision

Have all testing done by October

If not ED, then ED II

Check your ego at the door

Trust in your counselor

THE STRATEGY (SUBSTANTIAL NEED)

Amherst

Dartmouth

Harvard

MIT

Princeton

Yale

NYU Abu Dhabi

NEED-BLIND

Williams

Swarthmore

Middlebury

Carleton

Haverford

Vassar

Hamilton

Grinnell

Smith

Colby

Bowdoin

Bates

Colorado

Colgate

Occidental

SELECTIVE PRIVATE COLLEGES

Get organized

Deadlines: Scholarship/Aid deadlines might be earlier

Complete college applications

Register for CSS Profile if needed

Gather information needed for: CSS Profile

International Financial Aid Form

Check each university’s website

SENIOR YEAR: 1ST

SEMESTER

February – April

Receive award letters

Evaluate awards

Contact University if necessary

Make decisions

April – June

Follow university’s procedures

Send required forms

Signatures

Deposit

SENIOR YEAR: 2ND

SEMESTER

POINTS TO REMEMBER

US View: Paying for university may require some

sacrifice (vacations, helpers, etc.)

Deadlines vary by institution

Write or call the institution if any information is

unclear or if there are any unanswered questions

(DO NOT ASSUME!)

Be prepared to provide documentation of family

resources

POINTS TO REMEMBER

Some aid requires you to re-apply every year

Some aid may be contingent on grades/GPA to

maintain aid

Keep copies of forms completed as well as

supporting documentation

Tax forms

Employer’s statements

Bank statements

POINTS TO REMEMBER

THANK YOU FOR

COMING!

This presentation wil l be posted on the HS

Guidance blog in the next week.

http://guidance.ism-online.org/