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Educational Loans For International Students

Loretta Said:

Fee waiver and financial aid?

We Answered:

I wrote a detailed answer to a previous question that you asked about Stanford and addressed most of these issues there. http://answers.yahoo.com/question/index;…

I'll go ahead an answer this question anyway.

Unfortunately, I don't think Stanford is going to be a feasible option for you considering your finances.

1.Hey , I 'm an international student(India) ..how to apply for tuition , room and board full fee waiver in Stanford????If yes then how to apply for it???
~ Stanford does offer generous need-based financial aid, but the majority of it is exclusively for US citizens and permanent residents. Though Stanford does a massive endowment, much of the aid still comes from federal funding, and therefore is restricted to Americans and legal residents. If you were a US citizen residing in India, then you could still apply for the fee waiver and for financial aid. Since you are not, then you cannot have the application fee waived, and will have a minimal amount of aid available to you. The application fee waiver requirements are standardized by a national organization called NACAC, and I'm fairly certain that you must be a US Citizen. I'm not positive, though, so Google NACAC and read about the requirements.

2.Or how to apply for financial aid???My total family annual income is only $14,000..so I can't afford that much high cost...
~ Unfortunately, I don't think Stanford is a feasible option for you considering your financial situation. As I explained in my previous answer, on the application there is a statement specifically about the limited financial aid available to international students. The total cost of tuition, room, board, books and other student expenses come to around $54,000 per year. You might get some aid, but it's likely you'd get the substantial amount you would need. You can go to this link to read more about the financial aid options for international students:
http://www.stanford.edu/dept/finaid/unde…

3. The link above explains the financial aid procedures at Stanford. You will not be eligible for most loans from Stanford or through private student loan companies in America because most receive some sort of federal support. Also, if an international student defaulted on payments, the lender would have less recourse than they would with an American or legal resident.

If you're truly passionate about going to Stanford, then do the legwork to see if there might be some sort of scholarship or aid available to international students that could make the school a possibility for you. I'm an American citizen and never applied for aid, so my knowledge about this could be limited. It takes a tremendous amount of ambition, drive, and initiative to get into Stanford and other universities of its caliber, so you really need to be able to do your own research.

Good luck.

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