Guess what: You are excited to get a chance to study in USA for your higher education. Now, the question that arises in your mind is, how will you handle your finances while studying in the country?
Study in USA: A Guide for Indian Students to Manage Finances
There is no hesitation that the USA is a perfect place for Indian students to study abroad. This country is famous for its world-ranked universities, quality of education, and career opportunities. But the expense of higher education is a concerning topic for Indian students. Managing finances is not an easy task in this competitive world. Higher education is slightly expensive, especially in countries like the USA or the UK. Indian students do not worry much about managing their finances, as there are many scholarships and financial options available in the USA.
Mentioned below are some major tips to manage finances in USA for Indian students while studying abroad:
- Make a proper budget
Before starting the curriculum, students must calculate a budget on a monthly or yearly basis to Study in USA for Indian Students. You must be aware of the sources of your income, part-time jobs, etc. Also, you must check your funds and adjust accordingly as per the need.
- A US Bank Account
You can apply for a US Bank Account that will cut your international transaction fees and simplify your rent and other expenses.
- USA Scholarships for Indian Students
US scholarships can help Indian students cover their study costs and daily expenses. Also, they are eligible for scholarships offered by many universities in the USA.
- Education Loan and Other Aids
Students can check for eligibility for loans offered by many Indian banks and institutions in India to study in the USA. Must check the repayment terms and interest rates before applying.
- Part-time Jobs in USA
Many part-time jobs in USA allow Indian students to join and earn money. Universities in the USA allow aspirants to work for a few hours a week to earn extra money.
- Check for Affordable Housing
Rent is one of the important factors that students must consider while studying in the USA. Shared apartments or housing will help students decrease the cost of living in USA.
Above are some major factors that help students in managing their studies in the USA. However, more factors may help in managing the cost for living in the USA for Indian students, such as student discounts, sponsorships, savings, etc.
Scholarships in USA for Indian Students
Indian students can get scholarships in USA from private, government, and college scholarships to cover their studies. These scholarships may cover your partial or full cost of study. Mentioned below are some scholarships that students can get if they are eligible:
- Inlaks Shivdasani Foundation Scholarships
- Fulbright-Nehru Research Fellowships
- Tata Scholarship
- Asian Women in Business Scholarship
- Reliance Dhirubhai Fellowships for Indian students
- Mork Family Scholarship
- Hubert Humphrey Fellowship
- AAUW International Fellowships
Conclusion
The United States attracts international students from all across the world. They apply to study in USA to experience world-class education and get international exposure. Managing expenses while studying higher education in the USA can be a steep hill to climb for Indian students. With better planning, scholarships in the USA, part-time jobs, etc., can help in managing your budget in the USA. We, Education Vibes, also provide perfect guidance to Indian students to manage finances while studying in the USA.
