Thursday, January 5, 2012

What Financial Aid Is Available for International Students?


Navigating the financial aid system can be one of the most important (and confusing!) parts of the college application process. For international students, this process can be even more frustrating. This week, our experts weigh in on your financial aid options as an international student and give you the best tips on how you can get money to go to college in the United States. Jake Nichols of Grand Rapids, Mich., asks:
Q: What financial aid is available for international students?
A: There are two questions that need to be asked.
Eric Furda, dean of admissions, University of Pennsylvania
1. Will applying for aid as a non-U.S. citizen or permanent resident impact my admissions decision? 2. If admitted, what will my financial aid package look like from the perspective of grants, loans, and any potential gap to meet the full cost of attending the school? The University of Pennsylvania has a need-blind admissions policy for U.S. citizens/permanent residents and for citizens of Mexico and Canada. All other students compete for funds allocated for international students, an amount which is approximately $6 million to $8 million per year.

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