An Overview of Higher Education Cost for International Students
There are two main financial models for international students looking to pursue higher education in Europe & North America. Approximately half of countries have a high cost-high discount model of education. In this model, tuition fees are high (over $10,000 per year) and most international students end up paying a lot of money to study at universities within these countries. However, with high tuition costs also comes the ability for universities to offer large discounts to a subset of international students that are accepted.
The U.S. is the most extreme example of a high-cost, high discount model of education. Many international bachelor-seeking students get some sort of discount of tuition, and some can win full financing, even including living costs.
|High cost- high discount model||Low cost- low discount model|
On the other hand, in the low-cost, low discount model of education, universities charge low tuition (under one or two thousand dollars per year), but also don’t give out very much financial aid or scholarships. In this model, students generally know what they are going to pay ahead of time– a small tuition fee in addition to living expenses. Remember, that living for a year in a foreign country requires at least $10,000 per year. In these low-cost, low-discount model the main expense that students incur are living costs. Low-cost, low discount models are great for students who A. Can afford to pay around $10,000 per year, but not much more than that, and B) Can speak the language of the host country (because all English-speaking countries operate on a high cost, high discount model).
Most Affordable US Universities for International Students
Although, generally, tuition costs are extremely high in the U.S., every university in the U.S. has its own policies regarding financial assistance for international students. Use Global College’s database of financial aid policies at over 500 American universities to search for universities that meet your criteria by cost, location, selectivity, and major!
These universities give financial aid to high percentages of their international students (over 50%) and give generous financial aid packages that cover close to 100% of tuition.