3. Agenda
Case study - evaluate costs
Choosing a school - budgets
Pre and post arrival - the LSU story
Sources of aid - resources
4. Tuition On The Rise
According to MSN, “college tuition has jumped by 500% since 1985”
5. Case Study Instructions
We will analyze two case studies of financial
hardship.
As a group, discuss the issues and how you
would address the problem.
6. Case Study #1
Morrison Kwong from China is a recipient of an athletic
scholarship. He will be arriving early on July 15th before the
semester begins. He will also be participating in athletic practice
during this time.
What issues do you need to consider for this students budget?
Taxes
Campus food
Campus accommodation
Transportation
Health insurance
7. Case Study #2
Amy Asheton an international student from Saudi Arabia comes
to your office saying that she doesn’t have enough money to
cover her books and other classroom supplies. You remember
speaking to her three days prior and she had purchased the new
Galaxy Note 3 cell phone, which is the latest phone on the
market (and most expensive).
How do you guide this student and get her back on the road to
financial success?
Buyer’s remorse, free look back period
Get priorities in order and build a budget
Other sources of funding – work in the office?
8. Primary Sources of Funding
2011-2012
Personal and Family Funds
(63%)
U.S. College or University (23%)
Home Government/University
(6%)
Current Employment (5%)
U.S. Government (1%)
U.S. Private Sponsor (1%)
Foreign Private Sponsor (1%)
Other Sources (1%)
International Organization (0%)
Open Doors Report 2012
9. Choosing a School
What is a student’s budget and what is your
value proposition?
Rural v. Urban
Private v. Public
Community College v. Four-Year Institution
Financial Assistance v. Personal Funds
10. Be Budget Savvy:
How do you evaluate the costs on-campus for
the I-20?
Is a complete summary of costs outlined to
prospective students?
Transparency on costs is key.
11. Other Expenses To Convey
Application, visa/SEVIS fees
Airfare
Lodging and living expenses
Athletes arrival before semester begins
Cafeteria
Dormitories
Health insurance and medical
Transportation with the US
12. Budget Risk Factors
Exchange rate fluctuations
Interruption of funds (life changing event)
Inability to stick to a budget
Withdrawal of funds from sponsor
14. Louisiana State University
Located in Baton Rouge, Louisiana, offering
Bachelor’s, Master’s, Doctoral and Certificate degree
programs.
Cost of attendance per year:
Tuition and fees
$26,800
Living expenses
$12,000
Books, supplies and insurance $3,000
TOTAL
$41,800
15. LSU Sources of Aid
Application for admission is the application for
scholarships/available aid except for some President Office
scholarships which are not designated for international students.
Awards are academically competitive and not based on financial
need. Full consideration means applying early – well before the
listed application deadline (6 months – 1 year in advance).
Financial aid: Helpful in money management and planning. A
reminder that with a US citizen co-signer, they are eligible for US
financial aid. Some outside source scholarship searches but most
disqualify non-immigrants.
There is a clear conversation with newly admitted students that if
they do not arrive with university aid, they should not count on
receiving it in their future. They financial aid search outside the
university is their own but we have a sort list of sites and warn them
of fraud that exists on in the WWW.
16. Once upon a time………
There were undergraduate tuition awards
specifically for new international students
determined by academic competitiveness. Most
were non-resident waivers but there were a few full
waivers each year (30-100 offers). There were 15
revolving undergraduate non-resident waivers for
current international undergraduate students. Both
were decided by a campus international committee.
Graduate departments had assistantships (full and
partial) and fellowships, and the Graduate Dean’s
Office had tuition waivers (full and partial) - some
were for under-represented groups.
17. 2010
Large university budget cuts were across the board
and hit the financial aid office and scholarships very
hard.
Undergraduate international scholarships were
basically eliminated (so were a lot domestic and all
alumni). We were hoping they would be restored. It
now looks like it will take a resurrection.
Graduate tuition awards were reduced. Graduate
departments were hurt by budget cuts as well so
assistantship availability was greatly reduced.
18. Currently……
Graduate tuition awards and departmental
assistantships have bounced back well.
Undergraduate scholarships for new and current
international students (regardless of academic
competitiveness) are basically non-existent.
Although our undergraduate application and
admission rates are increasing, enrollment has
stayed the same or declined.
19. Employment
Outside of full assistantships that waive and
cover full expenses for students, employment
is available with the notion to students that
should not expect it to support their full
expenses as a student – just not possible.
On-campus employment and with vendors
Curricular Practical Training (CPT)
Optional Practical Training (OPT)
Economic Hardship
20. New Ideas
Possibility to guarantee student worker job
(like work study) for high academic achievers
reducing the I-20 expenses
Service learning and campus
participation/services for tuition “credits”
New conversations would probably occur is
international population was dropping but it is
not – holding steady (1600 over the last 3
years)
21. Encouraging External Searches
Study abroad scholarships from home country
Home country loan programs and/or private and
corporate sponsors
Back to true work-study programs (alternating work
then enrollment semesters in a year – careful of CPT
12 month limit)
Examples sites on our web site and warnings of sites
that have “fees” to get scholarships
Check with departments and colleges of specific
areas of study for some scholarships were nonimmigrants may qualify
Rich uncle???
22. Who Can You Turn To: Institutional Support
Alumni Association(s)
International Clubs
Involvement on campus can include mobilizing clubs to
raise funds for scholarships.
Student Organizations
Can your alumni associations help you develop a
scholarship fund?
Many schools have international organizations (like a
Chinese student association) – can they help?
Non-Profit Organizations
Religious Groups
Immigration Community
29. How it Works
Apply online
Borrow total cost of education
Minus
any other financial aid!
Need a US cosigner
US
citizen or US permanent resident
Good credit history
Lived in the US past 2 years
Initial approval within 2-6 weeks
Conditional loan offer
33. Thank you!
Annemarie Estrada
Natalie Rigby
aestrada@envisageinternational.com
nrigby@lsu.edu
Envisage International
224 First Street
Neptune Beach, FL 32266
(904) 247-1387 Ext 105
Louisiana State University
101 Hatcher Hall
Baton Rouge, LA 70803
Direct +1 (225) 578-3191
Fax +1 (225) 578-1413
Editor's Notes
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There is an enduring myth that international students can get a loan without a us cosigner. School specific programs. For many students it’s a nonstarter, they may not know anyone here. Surprising number that does. Interest RateRepayment PeriodIncome Upon Graduation