This would give them as much work time in the US as foreign guest workers get under the H1-B program. It’s indeed time to start smart with planning your stay in the US for Abroad Study Loan.

1. Decoding your stay in the USA
As any student can vouch for, studying abroad ensures that they get to absorb a life changing
cultural experience as well as the chance to enjoy one of the best standards of living
internationally. This post aims to elaborate on various study options in the USA.
Once students have applied successfully for courses and completed payment formalities post
receiving their i20 visas, they will need to arrange for their accommodation in the US. Contrary
to popular belief, the overall costs for tuition and living varies considerably between different
universities/colleges, courses and cities that a student chooses. In addition to paying tuition
expenses, students will also require financial support for travel, personal computing devices,
course literature, and personal expenses.
These expenses may be daunting, but there are a number of support systems in place for
students to get financial assistance. It is also possible to get assistance through loans with
your financial service provider or through securing grants, and scholarships from the university.
It is always preferable to start smart with an assessment of the options available for financial
assistance. Most students opt for one of the three accommodation options in the United States:
1. On-campus accommodation/ university hall residence: This is a feature that turns out a bit
more expensive than other options since students choose to gain accommodation near the
school’s classroom, libraries and other facilities. Dormitories allow students to live on the
school’s campus and students get to know a lot of students very fast. Quite a few U.S. colleges
and universities offer flexible meal-plan programs, and students can choose to pay in advance
for breakfast, lunch and dinner by depositing a certain amount of money at the beginning of
the semester to buy food from designated places.
Did you know that once students are enrolled for admissions in US academies, the Admissions
Department or International Student Office will most likely send them a “pre-departure
orientation” packet which also includes options for accommodation in the US.

2. 2. Off-campus accommodation/private housing: In this scenario, students can opt for a
private/shared apartment outside of campus, on rent which is usually at a lower price than
living on-campus. Before renting an apartment, it is recommended to spend some time in the
neighborhood to analyse the safety and convenience of the location. Usually students can save
on costs by preparing their own food and sharing.
Did you know that many local landlords will not take responsibility for personal possessions if
they get stolen or destroyed so it is recommended that students should buy purchasing
appropriate insurance.
3. Host family accommodation/ Home stays: This alternative is only offered by a few
universities. It is more expensive compared to living off-campus, but offers students the
support of a family, care, comfort and helps them get integrated with American culture quickly.
If these are short courses then do consider using alternatives like AirBNB.
Did you know that American rules mandate that most universities will require that parent or
legal guardian sign the housing contract as well as the health form allowing medical treatment
for students under the age of 18.
A new directive passed by the Obama administration has mandated that students
with STEM (Science Technology Engineering Math) degrees can stay on in the US for a total of
six years under the Optional Training Program (OPT) – three years after finishing an
undergraduate program, and then if need be, another three years after a graduate program.
This would give them as much work time in the US as foreign guest workers get under the H1-B
program. It’s indeed time to start smart with planning your stay in the US for Abroad Study
Loan.
Source : (http://www.avanse.com/avanse-education-loans/)