How to Pay for College in the US as an International Student (100% Financial Aid) | Ep. 4

Summary

This video provides Filipino students with crucial information on how to finance their studies in the U.S. It covers the difference between need-aware and need-blind schools, the importance of researching financial aid policies, and how to apply for both need-based and merit-based scholarships. Students share valuable tips, including utilizing online resources for scholarships, applying early, and understanding application fee waivers. Notable scholarships like the Freeman Asian Scholarship and the Robertson Scholarship are highlighted. The video encourages students to engage with EducationUSA advisors and provides insights into succeeding with financial aid applications for U.S. universities.

Takeaways

• 😀 Financial aid is available for international students, including Filipino students, based on their financial needs after submitting financial statements.
• 😀 The concept of need-aware versus need-blind schools is important: need-aware schools consider financial ability during admissions, while need-blind schools do not.
• 😀 Need-blind schools generally meet the full financial need of admitted students, while need-aware schools may offer less aid for those with higher financial need.
• 😀 Merit-based scholarships are available for students who have demonstrated excellence in areas such as academics, athletics, or other activities.
• 😀 Examples of merit-based scholarships include Dartmouth College's King Scholarship, Wesleyan University's Freeman Asian Scholarship, and Duke University's Robertson Scholarship.
• 😀 It is crucial to research the financial aid options and the percentage of students receiving financial aid at each school.
• 😀 Applying early and understanding the financial aid policies of different schools can significantly improve your chances of receiving aid.
• 😀 Filipino students should emphasize their intentions to give back to the Filipino community when applying for scholarships, making sure these intentions are authentic and clear.
• 😀 Some schools offer fee waivers for application fees, standardized test fees, or other fees, so be sure to inquire about these opportunities.
• 😀 Local schools in the Philippines may also offer fee waivers, and students are encouraged to contact guidance counselors to explore these options.
• 😀 Resources like EducationUSA advisors and YouTube channels can provide valuable mentorship and guidance for Filipino students applying to U.S. universities.

Q & A

Is it possible for Filipino students to receive financial aid or scholarships for studying in U.S. universities?

Yes, financial aid and scholarships are available for Filipino students. Financial aid is typically based on need, and scholarships may be awarded based on merit, such as academic achievements or athletic abilities.

How is financial aid determined for students applying to U.S. universities?

Financial aid is determined based on the student's financial statements and the institution's evaluation of their needs. The amount of financial aid offered may vary from what the student perceives as necessary.

What is the difference between need-aware and need-blind schools?

Need-aware schools consider an applicant's financial need when making admission decisions, and a higher financial need may lower the chances of admission, especially for international students. Need-blind schools do not consider financial need during admissions and usually meet the applicant's full financial need.

Should students still apply to need-aware institutions even if they have a higher financial need?

Yes, students should still apply to need-aware institutions because they may receive merit-based scholarships even if they have a higher financial need.

What are merit-based scholarships, and can students with no demonstrated financial need receive them?

Merit-based scholarships are awarded to students based on their accomplishments in areas such as academics, athletics, or other fields of distinction. Students can receive these scholarships regardless of their financial need.

Can you provide examples of universities offering merit-based scholarships?

Examples of universities offering merit-based scholarships include Dartmouth College's King Scholarship, Wesleyan University's Freeman Asian Scholarship, and Duke University's Robertson Scholarship.

How can students maximize their chances of receiving financial aid and scholarships?

Students can maximize their chances by researching available scholarships online, applying to multiple scholarships, and utilizing all available resources. Many scholarships can be applied for online and may only take a few minutes to complete.

What is the importance of applying early for financial aid and scholarships?

Applying early is important because it allows students to be aware of the different financial aid policies at each school and ensures they meet application deadlines, which can increase their chances of receiving aid.

How can students ensure their scholarship applications are strong?

Students should emphasize their authentic intentions and concrete plans to use the scholarship to benefit their community or country in the future. Being clear about these intentions and presenting them effectively can strengthen their application.

Are there ways to reduce the costs associated with the application process, such as application or test fees?

Yes, some U.S. universities offer fee waivers for application and standardized test fees. Local schools in the Philippines may also provide fee waivers. Students should reach out to guidance counselors or university advisors to explore these options.