July/August 2021

Page 34

FinanceYour Studies

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By PAROMITA PAIN

William_Potter/iStock/Getty Images

The cost of living and studying varies across the United States. With the right planning and research, students can access a range of financial assistance options to make their U.S. higher education affordable.

34 JULY/AUGUST 2021

cceptance to a U.S. university means a new world of learning and ideas that can often be life-changing. An important aspect of living and learning in the United States involves funding and while that can be daunting, students have many options to explore. Funds can come from different sources like the specific university applied to or federal or private sources. For international students on an F-1 visa, universities have funding opportunities like scholarships, assistantships, fellowships, need- or merit-based awards and other grants available to qualified contenders.

Fellowships For graduate students, fellowships are often the best way to finance their education. The University of Texas at Austin (UT Austin), for instance, provides different fellowships and editorial assistantships in addition to helping students find externally-funded fellowships. The university also awards college and departmental fellowships based on nominations from departments. Fellowships are usually merit-based. UT Austin has recruitment fellowships which are prestigious awards given by the Graduate School to attract top-quality graduate students. While


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