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EdUSA-Alumni Newsletter, Issue #9

EdUSA-Alumni Newsletter, Issue #9

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O Centro de Orientação EducationUSA-Alumni tem o prazer de compartilhar com você a nona edição do EducationUSA-Alumni Newsletter.
Nesta edição trataremos das formas de ajuda financeira disponíveis para alunos internacionais em instituições americanas.

Happy reading!

Centro de Orientação EducationUSA-Alumni
O Centro de Orientação EducationUSA-Alumni tem o prazer de compartilhar com você a nona edição do EducationUSA-Alumni Newsletter.
Nesta edição trataremos das formas de ajuda financeira disponíveis para alunos internacionais em instituições americanas.

Happy reading!

Centro de Orientação EducationUSA-Alumni

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Published by: Educationusa Alumni-sp on Apr 29, 2011
Copyright:Attribution Non-commercial

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EducationUSA-AlumniNewsletter 
São Paulo, Issue #9 - April 27, 2011
FINANCIAL AID FOR INTERNATIONAL STUDENTS
Undergraduate and graduate candidates who come tothe EducationUSA Advising Center at Alumni looking for assis-tance in pursuing education in the U.S. often have the sameconcern: MONEY! We’ve decided to dedicate this issue en-tirely to financial aid in an attempt to demystify financial aid andthe different types of scholarships available out there for inter-national students.The first thing we, advisers, always recommend is thatstudents consult with their parents and other family sponsors tofind out how much money they can commit each year to edu-cation. It is important that students try to raise as much aspossible from family sources, because most scholarshipawards, when available, cover only part of the total educationaland living costs, which include: room and board, books andsupplies, transportation, and other personal expenses. Re-member, not all schools in the U.S. have funding for interna-tional students. If a student depends on outside funding,whether or not a school offers aid to international studentsshould most definitely be considered a top research criteriawhen a student is making his college list. As students do their research, we advise them to findthe average financial aid award and the number of awardsmade by each school being considered. The EducationUSA Advising Center at Associação Alumni offers a monthly groupsession about the admissions process to undergraduate andgraduate programs in the U.S. During this one hour lecture,financial aid is also discussed. See page 2 for a list of the nextschedule sessions. In the meantime, here are summarizeddefinitions of the different types of financial aid to help:Funding from U.S. institutions of learning:1) Merit-based scholarships: These awards are based on a stu-dent's academic or artistic abilities, and often factor in an appli-cant's extracurricular activities, community service record andscores on standardized tests.2) Need-blind vs. need-aware scholarships: Only a handful of very competitive schools are need-blind to international stu-dents. These colleges do NOT take into consideration your finances when deciding to admit you. If you are admitted, theywill work with you to make it happen. All other colleges (need-aware) will take into account how much money you can contri-bute before making their final decision. Cruel, yes, but verytrue!3) Sports scholarships: Colleges who have sports teams compet-ing in NCAA (National Collegiate Athletic Association) DivisionI, and sometimes Division II, may recruit international studentsand offer some funding in return. For more information aboutSports Scholarships contact theEducationUSACenter nearestto you.4) Assistantships: The most common form of financial aid at thegraduate level. Assistantships are cash awards that require theperformance of services (teaching, research or administrativeservices) related to the field of study, usually about 20 hoursper week. The amount of aid awarded may vary from a small toa generous reduction in tuition.5) Fellowships: Departments and institutions award fellowships onthe basis of academic merit, normally after the first year of study. Graduate fellowships vary from very modest, coveringonly tuition and fees, to full grants, providing the cost of tuition,fees, and monthly stipends for maintenance. Fellowships rarelycover the total cost of living and studying.Funding from home country:1) Not-for-profit organizations: A handful of organizations in Brazilcan assist students who are strong academically, but who donot have the financial means to study in the U.S. Contact theEducationUSA Center nearest to you!2) Loans: A few reputable agencies make loans available to inter-national students. Almost all, however, will ask for a co-signer (“fiador”) who is a U.S. resident. Thus, loans, are not always anaccessible option for international students.Source: If you Want to Study in the United States: Undergraduateand Graduate StudyUseful Web Sites:National Collegiate Athletic Association: www.ncaa.orgGeneral information for International Students:www.collegeboard.com www.petersons.com www.finaid.com www.edupass.org/finaid 

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