Financing Your Graduate U S  Studies
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Financing Your Graduate U S Studies

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Como financiar tus estudios en EUA!

Como financiar tus estudios en EUA!

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Financing Your Graduate U S  Studies Financing Your Graduate U S Studies Presentation Transcript

  • Financing Your Graduate Studies in the U.S.
  • Choosing the best program for YOU
    • Start Early
    • Identify your long term goals
    • Determine your available time
    • Research diverse institutions and professors
    • Consult with an educational adviser
  • Before You Apply…
    • Assess your financial situation
    • Determine your contribution
    • Consider different types of institutions
      • Public vs. Private
    • Remember additional costs: application fees, postage, testing
    • Know that tuition & fees will increase every year (around 5%)
      • Financial Aid options will too
  • General Rules to Consider
    • Financial Aid is limited to the most PROMISING applicants with:
      • Demonstrated academic potential
      • Research and teaching experience
      • A polished application
    • Start the application process very early
    • Do your research
      • At an EducationUSA center and on the internet
    • Enhance your application
  • Contact the Department
    • Types of questions to ask:
    • What does it take to be admitted and to receive funding in this department?
    • What are the common types of financial aid that students in the department have received?
    • What other suggestions do you have for reducing costs while studying at your institution?
    • If they can’t answer these questions, don’t apply!
  • Exams
    • TOEFL iBT
      • www.ets.org/toefl
      • Various authorized centers in Mexico City
    • GRE
      • www.ets.org/gre
      • Mexico City, Guadalajara and Monterey
    • GRE Subject Tests
      • (Biochemistry, Cell and Molecular Biology, Biology, Chemistry, Computer Science, Literature in English, Mathematics, Physics, Psychology)
    • GMAT
      • www.mba.com
      • Mexico City, Guadalajara and Monterey
  • The Application
    • Depends on the program or university
    • Typical Requirements:
      • School/program’s application form
      • Statement of purpose
      • Letters of recommendation (2-3, translation required)
      • Official undergraduate transcripts (translation required)
      • Exams (TOEFL, GRE, GMAT etc.)
      • Résumé
      • Sometimes a portfolio or sample of past work
      • Financial statement
  • Set Your Application Apart
    • Enhance your application:
    • Is your statement of purpose the best it can possibly be? Invest time in perfecting it!
    • Cultivate effective letters of recommendation.
    • Select departments/professors interested in supporting your research.
    • Highlight community involvement and community service as they are attractive assets.
  • Calculating your expenses
    • Application Fees ($35-100/institution)
    • Tuition ($15,000-30,000+/yr)
    • Room & Board ($5,000-10,000/yr)
    • University Student Fees ($100-$300/term)
    • Medical and Dental Insurance
    • Travel Expenses
    • Living Expenses
  • Graduate Financial Aid Sources U.S. University 44% Personal/Family 44%
  • Patterns and Trends in Funding
    • More funding is available for:
    • PhD programs
      • compared to master’s programs.
    • Research and Doctoral universities
      • compared to master’s institutions
    • Academic programs
      • compared to professional programs
    • (law, medicine, dentistry, MBAs, etc.)
    • Many programs don’t offer funding until the second year.
  • Funding Varies by Field
    • Engineering, computer science, math
      • 82% of PhD candidates are funded
      • 55% of master’s candidates
    • Humanities
      • 56% of PhD candidates are funded
      • 41% of master’s candidates
    • Business, law, and other professions: funding is rare and loans are common
  • Financial Aid Programs
    • U.S. Universities
    • Government
    • Private Foundations
    • Loans
  • Types of Funding: U.S. Universities Assistantships
    • Teaching (TA): Awarded by department. Must demonstrate strong spoken English and teaching experience. Can be in other departments (languages, math).
    • Research (RA): Awarded by professors. Contributes to your thesis research.
    • Graduate (GA): Awarded by grad school. Administrative, library.
  • The Professor
    • Professors manage teaching and research assistantships.
    • You need to communicate with the professors
    • Learn about them and their research from the school’s website and scholar.google.com
    • Write to them about your academic interests and what you can contribute to their research
    • They should know you before they receive your application!
  • Types of Funding: U.S. Universities Out-of-State Tuition Waivers
    • Several universities and/or state governments offer out-of-state tuition waivers
      • (based on country of origin, region or ethnicity)
    • In Texas: PASE & Good Neighbor Scholarship Program
      • Mexican nationals who demonstrate financial need pay in-state tuition at public universities in Texas
    • For more information visit each university’s website
  • Types of Funding: Government Fulbright-Garcia Robles
    • Scholarships for students, research, teacher exchange, and resident scholars
    • Variety of fields of study,
      • Excludes medicine, dentistry and veterinary studies
    • Scholarship: $15,000 for 9 months
      • renewable for 1 year for Master’s, 2 years for Doctorate
    • Commission selects student then helps find university
    • J-1 Visa obligates students to return to Mexico for a minimum of 2 years afterwards
    • www.comexus.org.mx
  • Types of Funding: Government CONACYT
    • Full and partial scholarships for graduate students already accepted by universities
    • Give preference to PhD students
    • Focuses on science and technology
    • Partners with U.S. universities
    • www.conacyt.com.mx
  • Types of Funding: Foundation Magdalena O. Vda. De Brockmann (MOB)
    • Full and partial scholarships for graduate students already accepted by universities
    • At least 2 years of work experience
    • Any field of study
      • except medicine, architecture, sports and fine arts
    • Must return to Mexico for a minimum of 5 years
    • Must reimburse MOB 30% of the scholarship within 3 years
    • www.becasmob.org.mx
  • Types of Funding: Foundation American Association of University Women (AAUW Foundation)
    • Fellowship for full-time study or research to support community-based projects that are designed to improve the lives of women and girls in the fellow’s home country.
    • Female graduate students already accepted by universities
    • One year:
      • $18,000 for Master’s, $20,000 for Doctorate $30,000 for post-doctorate
  • Types of Funding: Mexico Loans FIDERH, FUNED & OAS
    • FIDERH (Banco de Mexico): loan for graduate degrees
      • Funding for up to 3 years
      • Must repay the loan within 10 years
      • www.fiderh.org.mx
    • FUNED: loan for students accepted by a university
      • Covers most expenses
      • Must repay the loan within 6 years
      • www.fundacionbeca.net
    • OAS-PAN: Interest-free loans for Latin American students
      • Must complete studies in 2 years
      • Must repay the loan within 5 years
      • www.oas.org/rowe
  • Types of Funding: U.S. Loans
    • Most U.S. banks require U.S. citizens or permanent residents to co-sign the loan
    • Some universities have made arrangements with local banks
    • For more information on loans, look at International Education Finance Corporation www.iefc.com
    • Sallie Mae International www.salliemae.com
    • CitiAssist www. studentloan.citibank.com
  • Tips for Reducing Costs
    • Request an application fee waiver
    • Mail all your applications to one person in the U.S. to send them to separate universities
    • Prepare and study for admissions exams so you only have to take them once
    • Research options for taking summer courses
    • Find a job on campus ($1,000-2,000/semester)
    • Apply to be a Resident Assistant after your first year (save on living expenses)
  • Homework to get started
    • Make an advising appointment
    • Visit www.petersons.com and create a list of potential schools
    • Find out the deadlines , costs , and requirements for each school.
    • Assess how much you (and your family or sponsor) can contribute to your higher education
    • Visit www.fundingusstudy.org and create a list of possible scholarship opportunities.
  • The student visa
    • 3 types of student visas
      • F-1 SEVIS I-20
      • J-1 DS-2019
      • M-1 SEVIS I-20
    http://www.usembassy-mexico.gov/smxvisitar.html
  • Thank You!
    • EducationUSA
    • Liverpool 31, Col. Juárez
    • 06600 México, D.F.
    • Horario: 11:00 – 17:00 de lunes a viernes
    • Tel: 5703-0167, 5080-2801
    • Email: info@iielatinamerica.org
    • http: // educationusa.state.gov
    • http :// iielatinamerica.org