1. FINANCIAL AID FOR
INTERNATIONAL
STUDENTS

2. GOALS
 What Financial Aid Is
 Terms & Acronyms
 Types & Sources of Aid
 Application Process & Forms
 Creative Ways to Pay
 Timeline

3. INTERNATIONAL OR
FOREIGN STUDENTS
 Defined as:
Students that will need a visa (F-1) to
study in the United States

4. WHAT IS FINANCIAL AID?
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)

5. FINANCIAL AID IS...
 An assistance device
 Not designed to replace a family’s (primary)
contribution
 Not based on what the parent’s would LIKE to pay

6. COST OF US INSTITUTIONS

7.  Need Based
Merit Based
 Need Blind
TERMS
 Need Aware (Most US Colleges & Universities)

8. EXPECTED FAMILY
CONTRIBUTION
Parent’s Contribution
+ Student’s Contribution
Expected Family Contribution
Calculated ability to pay may not match
family willingness to pay!

9. 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.

10. SOURCES OF AID
 Institutional
 Private
 Student/Family
 Community Organizations
 Civic Groups
 Religious Organizations
 Businesses
 Industry

11. 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.

12.  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

13. HOW TO APPLY

14. APPLYING FOR FINANCIAL
AID
 Research required: forms and deadlines
 International Financial Aid Form
 CSS/Financial Aid PROFILE
 College-Specific Forms

15. INTERNATIONAL STUDENT
FINANCIAL AID APPLICATION
 College Board Generic Form
 School based form
Be sure to use the form
the school asks for!

16. CSS/FINANCIAL AID
http://student.collegeboard.org/css-f inancial -aid-prof i 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 institut ion
 Popular with ED schools
 Fee based form
PROFILE

17. FORMS & DOCUMENTS
 Parent tax returns
 Student tax returns
 Divorced or separated parent information
 Other information to verify
 Income
 Assets
 Family Size
 Special circumstances

18. WWW.INTERNATIONALSCHOLARSHIPS.COM

19. CREATIVE WAYS TO “PAY”

20. IB COURSE WORK
Credit Or
Scholarships
http://blogs.ibo.org/funding-opportunities/
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

21. NON-RESIDENT TUITION
SCHOLARSHIP
• Oklahoma State
• Colorado State
• Auburn
• U of Texas
• U of Washington
• Idaho State University
• Minnesota State University Campuses

22. WOMEN’S COLLEGES
Women’s colleges are
traditionally generous with
scholarships for international
students.

23. COMMUNITY/JUNIOR
COLLEGE
Pay lower
tuition for two
years
Guaranteed
matriculation
to a top
university

24. COMMUNITY/JUNIOR
COLLEGE
Pay lower
tuition for two
years
Guaranteed
matriculation
to a top
university

25. CO-OP EDUCATION
Work, Make Money, Earn Credit at the
SAME TIME!
• 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

26. WHAT TO DO NOW

27. JUNIOR YEAR
 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

28. THE STRATEGY (SUBSTANTIAL NEED)
 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

29.  Amherst
 Dar tmouth
 Harvard
 MIT
 Princeton
 Yale
 NYU Abu Dhabi
NEED-BLIND

30. SELECTIVE PRIVATE COLLEGES
 Wi l liams
 Swar thmore
 Middlebury
 Carleton
 Haver ford
 Vassar
 Hami lton
 Grinnel l
 Smith
 Colby
 Bowdoin
 Bates
 Colorado
 Colgate
 Occidental

31. SENIOR YEAR: 1ST
 Get organized
SEMESTER
 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

32. SENIOR YEAR: 2ND
 February – April
SEMESTER
 Receive award letters
 Evaluate awards
 Contact University if necessary
 Make decisions
 April – June
 Follow university’s procedures
 Send required forms
 Signatures
 Deposit

33. POINTS TO REMEMBER

34. 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

35. 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

36. THANK YOU FOR
COMING!
This presentat ion wi l l be posted on the HS
Guidance blog in the next week.
ht tp: / /guidance. ism-onl ine.org/