Why are students so in love with studying in the USA? Apart from personal and professional growth USA offers the best ROIs, research institutions in top-ranking universities and above all financial aid.
There are many organisational scholarships, government-sponsored scholarships and university scholarships for students in the USA. However, students dreaming of studying in the USA on a tight budget are often not aware of these scholarships.
Here is a list of 5 universities that offer scholarships and financial aid to students in order to make their study abroad dreams achievable.
5 US Universities Offering Need-Based Financial Aid
The USA has the maximum number of submissions in the various university rankings worldwide. Additionally, its universities dominate the top-100 list in any global university ranking each year. Nevertheless, one of the aspects of being such a popular study-abroad destination is affordability. As the USA is an expensive place to live, it makes education affordable for students through scholarships and grants to achieve popularity in that field. Let’s see how the above-listed universities contribute to it.
Though Stanford University offers many scholarship programmes to its students, the program that we will talk about today is the Stanford GSB Need-Based Scholarship. It is offered to students based on their economic conditions irrespective of their citizenship enrolled in Stanford Business School.
This fellowship needs proof of income as a required criterion to be eligible. Moreover, different students receive different fellowship amounts based on their financial condition. Here is how the amount to be disbursed is calculated;
Cost of attending the program – Assets and income of the student – Contributions from friends and family – external aid = Financial need of the student
Harvard has awarded nearly US$2.9 billion to international students for education since 2005. Families who earn US$85,000 or less are not required to contribute to the fees of the students. However, if the student enrols in any other fellowship or works part-time during the course will be required to contribute.
Harvard claims that 55% of its students receive need-based scholarships at the university. Also, 1 in every 5 students has to pay $0 to attend college. Harvard also calculates individual grant packages for the students.
Duke University invests in the education of 20 to 25 international students every year. These students receive upto 100% financial aid based on their need. Students looking for any financial aid must not forget to mention it in their application form. They will otherwise be considered ineligible.
While applying for the scholarship they should specify the nature of their need and the difficulty faced in attaining money for education. Students will have to take special care of all the documents that need to be submitted on time and maintain authenticity.
Yale University also offers scholarships irrespective of the citizenship of students. The institution believes that the lack of finances should not hamper admission. Its policies of need-blind admissions and need-based financial aid ensure equal opportunities for all.
The surprising fact is that this scholarship also makes education at Yale affordable for undocumented students living in the US, with or without DACA status. Furthermore, there is no requirement for families with less than $75,000 worth of typical assets to contribute anything at all!
For different regions and countries worldwide, Wesleyan University has various financial support programs. One of those is the Wesleyan Freeman Asian Scholars Program. Indian students can also avail of the Wesleyan Freeman Asian Scholars Program.
This scholarship is offered on the basis of need of the students. Furthermore, the program covers the complete expenses of the enrolled student.. For a bachelor’s degree, this scholarship will benefit students for all four years.
To apply under any of these scholarship programs or other scholarship programs in the USA students must stay updated with the latest dates and maintain an application calendar for the same.
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