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For unmarried students under 24, Congress mandates that parental income and assets be included. The resulting figure is the student's "need". Colleges attempt to provide students with enough financial aid to meet all student need, but in most cases are unable to do so completely. The result is "unmet need".
Student financial aid (or student financial support, or student aid) is financial support given to individuals who are furthering their education. Student financial aid can come in a number of forms, including scholarships, grants, student loans, and work study programs. Each of these methods of providing financial support to students has its ...
These services have been developed to meet international students' specific needs during their post-secondary studies and can include: orientation programming, immigration advising, academic and language support, financial aid support, employment services, health and wellness support, residence and housing support, social programming, and post ...
Federal Student Aid provides financial assistance to students enrolled in eligible programs at participating postsecondary schools (accredited four-year or two-year public or private educational institutions, career schools or trade schools) to cover the cost of education expenses, including tuition and fees, room and board, books and supplies ...
Historically, international students have been instrumental in supporting the growth of U.S. higher education and the broader economy. In the 2022–2023 academic year, international students contributed over $40 billion to the U.S. economy, primarily through tuition payments and living expenses.
Many international students can obtain private loans (they are usually ineligible for federal loans) with a cosigner who is a citizen or permanent resident. However, some graduate programs (notably top MBA programs) partner with private loan providers. In those cases, no cosigner is needed for international students. [12]
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