Sources of Financial Aid
Financial aid for international students is limited. Options exist; check with your school advisor for information on sources of aid, which may include scholarships from the university, loans, or a grant from a company in your country that is interested in sponsoring a student studying abroad. Be sure to request information on financial aid from schools and to search the Web for possible sources of aid.
When choosing a college, keep in mind that state universities, which receive public funding, are generally less expensive than private and religious schools, which receive little or no government support. It is also important to remember that your cost of living will vary by region of the country, with areas on the East and West Coasts and near large cities being the most expensive.
Cutting Costs
For many international students, the idea of paying for four years of school at a college or university may seem overwhelming. Fortunately, there are options, including spending the first two years at a community college. At community colleges, students study for two years—at prices much lower than four-year institutions—and earn an associate degree. Then they can either enter the job market or transfer directly into a college or university for their final two years of study.
Money—How Much Will You Need?
You'll probably want to open a checking account once you're in the United States, but you'll still need plenty of money for your first few weeks on campus, particularly if your country has restrictions on sending money abroad. Traveler's checks are your safest option. Make a list of expenses you'll encounter, and monitor how much you spend.
Opening a Bank Account
Once you're settled on campus, you'll need to set up a bank account with a local bank. Ask an advisor at your school or university to recommend a particular bank that has a reputation for working well with international students. Banks offer a number of services, including debit cards, which allow you to deposit and withdraw funds using an automated teller machine (ATM) and to make purchases using the card.
