Learn about two of the most trusted ways to cover study-abroad expenses

Planning your finances is an important part of organizing your study abroad program. Finding a suitable scholarship or submitting an application for a student loan becomes essential unless you have sizable resources to fall back on. Most students unaware of alternative scholarship options. Numerous price waivers and work-study programs are available to assist you in paying for your education and living expenses overseas. Scholarships and assistantships help manage study abroad costs.

What is a scholarship?

Scholarship is an unrepaid award for students based on academic success or financial necessity.. It pays for a portion (or in some situations, the entire amount) of the student’s study abroad costs. The institution, the government, a particular topic department, or even an alumnus may provide funding for a scholarship.

What is an assistantship?

Assistantship pays students to work on campus for academic pursuits.t functions similarly to a work-study program in that it enables the student to make a set amount of money to help pay for living expenses. However, in this situation, the student works on projects connected to teaching or research for professors and/or the department of the student’s choice rather than at the canteen or housekeeping. Work hours restricted to 20 hours for tuition reimbursement.

How to apply for a scholarship?

To be considered for merit-based scholarships, academic performance marksheets, financial information, parental employment proof, and tax documents are required, while need-based scholarships require financial and tax documents.

How to apply for an assistantship?

From one university to the next, the assistantship application process could be different. However, the typical application procedure typically comprises the following:

maintaining the necessary GPA

scores on standardized tests

performance that was adequate throughout the interview round

To ensure that the assistantship work doesn’t affect your academic performance, your department or interviewer will try to determine whether you are a deserving, well-organized student with excellent time management skills.

Not only are scholarships and assistantships a great way of cutting down on the cost of studying and living abroad, but they also look great on your resume. These help you come across as an exceptional candidate to your employer and improve your chances of employability at an above-average salary.

Since international scholarships and assistantships are so prestigious, you should expect stiff competition when applying for one. It is always a good idea to start planning your application in advance to get an edge over peers. IDP’s international education specialists can help you with some expert tips to enhance your application. So, whether you have queries, jitters, or simply need some advice on your application, reach out to us!