Here are 5 ways to fund your studies abroad
Studying abroad is an exciting and rewarding experience for many students from all over the world. Students continually ask us how they can best fund their studies. In light of this, we are sharing our list of five creative ways to help you to fund your studies:
Scholarships
1) Scholarships play a vital role in helping international students study abroad. If you are looking for scholarships the first place to check is with the school in which you are interested in studying. Most schools will have a page with a list scholarships, bursaries and awards that they offer. Please note that most schools require that you apply to the school first before you can apply for the scholarship. For a list of scholarships for you to explore you can apply to you can visit the following site HERE.
Loans for International Students
2) Loans for international students can be hard to come across, however there is one company MPOWER Financing which offers student loans to international students pursuing a degree in the U.S. or Canada—even if they don’t have a credit history or cosigner.
Eligibility requirements include that you:
- Must attend a U.S. or Canadian school that MPOWER is partnered with. You can view the schools they partner with HERE
- Must be in the last 2 years of your program of study
You can learn more HERE
HigherEd Points
3) HigherEd Points: 4 popular loyalty programs in Canada: Aeroplan, TD Bank Rewards, CIBC Rewards and American Express offer their users the option of redeeming their points at several universities and colleges. Your friends and family in Canada can collect points for activities that include travelling, shopping and purchasing gas. Points can then be redeemed in $250 dollar increments and these amounts can be transferred to your student account at a select university or college.
For a full list of participating institutions click here
Crowdfunding
4) Crowdfunding: Crowdfunding sites including gofundme allow persons to raise money from a large number of people in small amounts typically through social media. Some students have been able to raise upwards of $50,000 CAD for their tuition.
Essay Contests
5) Essay Contests: Organizations worldwide hold contests and competitions for students and many offer substantial prize money to those who win. These contests and competitions are free to enter. An example is the Atlas Shrugged Essay Contest. Here students worldwide submit an essay on a specific topic in the book Atlas Shrugged. The winner receives a $10,000 USD prize.
Want to find an affordable schools abroad?
Contact Kari Davis, RCIC at info@bisonimmigration.com or WhatsApp 876-784-9302 or to book your assessment.
Please note: The information provided is for general purposes only, you should not act upon any such information without first seeking qualified professional counsel on your specific matter.