Financial Aid for the International Student

 

  • 6 Elite Schools have need-blind financial aid
  • Limited Financial Aid Available
  • History of funding at www.internationalstudent.com
  • Know the website of schools well
  • File CSS Profile or ISFAA
  • Submit Certification of Finances

Six schools, including Harvard, Yale, Princeton, Dartmouth, Amherst, and MIT are all ‘need blind’ and ‘full need’ regardless of a student’s country of origin. This means that if accepted, international students will obtain the necessary financial aid to attend. Be aware, however, that though these schools advertise themselves as being “need-blind,” which technically means that financial circumstances are not considered in the admissions process, how this might actually translate into the reality of admissions warrants consideration. Specifically, in the state of Connecticut, Yale has 478 international students, of whom, 77 (about 16%) were awarded an average aid package of $31,000; compare this with Connecticut College (56 of 209, (or 27%) of its international students, were awarded an average aid packages of $38,000); and Wesleyan (49 of 143 (34%) awarded an average package of $41,751), and it becomes difficult to discern which institutions are actually ‘need blind’ and ‘full need’ and which are practicing.   

Obviously, gaining admittance to a school with a large endowment, and, for the most part the most selective schools in the country are well endowed, improves the chances for an international student’s gaining financial aid. For example, Stanford, with an endowment of $16.5 billion, and with 885 international undergraduate students, awarded 203, on average, $29,000 in financial aid last year. What’s difficult about figuring out the international financial aid puzzle is each college sets its own policies. As you’d expect, there are not a lot (almost no) government funds available for international students. Be almost assured that, if you gain acceptance into University of California at Berkeley, for example, it will be charging you full tuition, room and board; that’s the reason Berkeley has allocated an ever larger portion of its admits to ‘out-of-state’ (including international students); it wants to garner full tuition revenues to offset dwindling state funding. Discovering the best opportunities for aid are a function of investigation, application, and luck.

To get a sense of what financial aid might be available to international students, go to www.internationalstudent.com  and click on “Schools Awarding Financial Aid.” You’ll encounter some very interesting information. I viewed the international financial aid awards in Massachusetts. Obviously, Amherst and Harvard, with their need-blind programs, award a lion’s share of the aid, but, not far behind them, in Massachusetts, are Williams, awarding 89 of 140 international students average packages of $37,000; Wellesley with 68 of 184, $37,000; Clark, 103 of 166, $21,000; and Smith College, 120 of 200, $30,000. These schools might be very good places to apply for international students needing financial aid. One surprise was Tufts, which has pretensions of being ‘almost ivy.’ Of its 384 international students, 10 received financial aid, which amounted to slightly less than $20,000 each.

What is crucial is that international students gain an understanding of all the financial aid requirements at each campus of interest. That requires reviewing thoroughly each school’s website to discover financial aid eligibility and deadlines. Keep in mind, even with financial aid awards, all international students will need to submit a Certification of Finances, proof that you have the financial resources to pay should you gain admittance. Additionally, all the private schools to which you’re applying, will require either a CSS Profile, or the ISFAA (International Student Financial Aid Application) to determine your effective family contribution (EFC). The earlier you submit all of these materials to the admissions or financial aid offices, the better.

There are a lot of colleges within the borders of the United States. Most applicants clump their applications among a select 80-120 (the ones that accept fewer than 50% of the applicants who apply). If you peer beyond the well-worn paths you’re liable to find some interesting matches that might be well worth the search and effort. Financial Aid does exist at many schools for international students; you just need to supply the effort and tenacity to find it. Do so. And as Winston Churchill said: “Never, never, never quit.”

 

외국인 학생을 위한 재정보조

  • 여섯 명문대의 무조건적 재정보조
  • 대부분 제한적인 재정보조
  • 자료찾기: www.internationalstudent.com
  • 지원대학의 웹싸이트이용
  • CSS Profile, ISFAA, Certification of Finances 필요한 서류 제출할

Harvard, Yale, Princeton, Dartmouth, Amherst, MIT-이 여섯 대학들은 학생의 나라 출신과 상관없이 필요에 따른 재정 보조를 준다.  즉, 일단 합격이 되면, 외국인 학생도 필요한 재정보조를 받을 수 있다.  한편, 이 대학들이 광고하는 “need-blind”란 재정 상황을 입학심사에서 고려하지 않는다는 뜻이지만, 실제 입학심사에서의 영향은 알 수 없다.  특히, 커네티컷에 있는 예일대는 478명의 외국인 학생이 있는데, 그 중 77명(16%)은 평균 $31,000을 받았다; Connecticut College에서는 209명 중 56명(27%); Wesleyan은 (143명 중 49명, 34%) 평균 $41,751을 받았다.  그래서 어떤 대학이 실제로 ‘need blind,’ ‘full need’를 실천하는지 구별이 어렵다.

분명, 많은 기부금이 있는 대학, 명문대학이 재정이 풍부하며, 외국인 학생이 제정보조를 받을 기회가 높다.  예를 들면, Stanford는 기부금이 $16.5 billion인데, 885명의 학부생 중 203명이 평균 $29,000을 작년에 받았다.  외국인 학생에 대한 재정 보조는 각 대학의 정책에 따라 달라서 퍼즐처럼 한마디로 말하기가 어렵다.  한편, University of California at Berkeley에 외국인이 들어간다면, 등록금, 기숙사비 모두를 내야 한다; Berkeley는 ‘out-of-state’ (주민외, 외국인 포함)학생을 많이 뽑으려 한다.  그래서 주정부의 줄어드는 펀드를 매꾸려 하고 있다.  그러므로 재정보조의 기회를 잡는 것은 조사, 응시, 그리고 행운이다.

외국인 학생에게 가능한 재정보조를 찾으려면,www.internationalstudent.com        에 가서 “Schools Awarding financial Aid”를 클릭하면 된다.  아마 흥미있는 자료를 만날 것이다.  필자는 Massachusetts를 찾아 보았다.  Amherst, Harvard는 ‘need-blind’ 프로그램이므로 거대한 몫이 주어지며, 또한 Williams는 140명의 외국인 학생 중 89명에게 평균 $37,000을 수여하였고, Wellesley는 184명 중 68명에게 $37,000; Clark는 166명중 103명에게 $21,000; Smith College는 200명 중 120명에게 $30,000을 수여하였다.  이 대학들은 외국인 학생들이 응시하여 많은 장학금을 받을 수 있는 곳이다.  또한 놀라운 것은 Tufts인데, 거의 아이비 수준이지만, 384명의 외국인 학생 중 10명만이 겨우 평균 $20,000을 받았다.

중요한 것은 캠퍼스마다 다르다는 것이다.  그래서 대학 웹싸이트에서 정보를 찾아 재정보조의 자격과 마감일을 잘 챙겨야 한다.  또한 기억할 것은 모든 외국인 학생들은 입학 후 재정을 보조할 수 있다는 Certification of Finances를 작성해야 한다.  또한 사립대학을 지원한다면, CSS Profile이나 ISFAA (International Student Financial Aid Application)을 작성하고 EFC (가족 부담금)을 결정해야 한다.  재정상담실에 서류를 일찍 제출할수록 유리하다.

많은 대학들이 미국내 있다.  그러나, 대부분의 원서들은 우수 80-120 순위 대학들(대부분 응시자의 50%이하를 수락한다)에 쌓인다.  여러분이 쉽게 갈 수 있는 길이 아닌 대학을 찾고자 한다면, 서치와 노력을 해야 한다.  많은 대학들의 재정보조가 외국인에게 열려있는 것은 아니다; 그렇지만 노력을 들이고 찾으려고 애를 써야 한다.  반드시 해라.  윈스톤 처칠은 “절대로, 절대로 절대 포기하지 말라”라고 하지 않았던가!