For Indian students who want to study in the US: Alternative sources of financial aid

In addition to scholarships, education loans, assistantships, and part-time jobs can be considered to fund study in the US by Indian students.

Education loans

Indian students have many loan facilities available to fund their studies in the US. Indian banks, NBFCs, and foreign lenders provide education loans that include the cost of tuition, living, and travel.

Institutions like Credila, SBI, BOI and global suppliers like MPOWER Financing and Prodigy Finance offer special advantages — no collateral, no cosigner, and competitive interest rates from 9.99%, with loan limits of up to $100,000. Such offerings are especially useful for students who might have financial constraints.

Career Mosaic assists students in managing education loans by providing information on different options, such as collateral, non-collateral, non-cosigner loans, and international loans. This support enables students to make sound financial choices, making it easier for them to study abroad, by enabling students to determine their eligibility within minutes, providing lower interest rates and discounts on processing fees.

With widespread collaborations and affordable services, these alternatives assist students in obtaining the financial assistance they require to pursue their dream of studying abroad.

Assistantships and fellowships

Numerous US universities provide teaching, research, and graduate assistantships, which enable students to work with faculty members while earning tuition waivers and/or stipends. These assistantships not only alleviate the cost of education but also provide excellent academic and professional exposure.

Depending on the funding arrangement, assistantships can be fully or partially funded, in which students can get a full tuition waiver with a stipend, a partial tuition waiver with a stipend, or just a stipend without a tuition waiver. For instance, the University of Massachusetts Lowell provides partial and full assistantships to qualified students, while others such as Northeastern University and University of Missouri - Kansas City also offer assistantships that support students financially while increasing their learning and research opportunities.

Part-time work

International students in the USA on an F-1 visa may work part-time for 20 hours a week or less on campus during the academic term, assisting them to cover living expenses while acquiring valuable work experience. The opportunities exist in cafeterias, libraries, gyms, campus local stores, the admissions office, or as proctors, among others. Also, during summer and winter breaks, when the students are not taking full-time courses, they can work a maximum of 40 hours weekly, which is another chance to earn a higher income.

Certain colleges also provide remunerated internships that go towards paying tuition, providing additional financial aid. Nevertheless, it is important that the students comply with visa guidelines to sustain their legal status and future eligibility for work within the US.