Creating a financial plan for your U.S. university education must be done in lockstep with shortlisting your universities.
First, assess your personal funds and any family financial resources and consider what budget might be affordable. Secondly, consider funding opportunities from U.S. universities that can plug any difference in costs or bring costs down. Undergraduate applicants should search for scholarships and financial aid from universities. Community colleges also make for a financially friendly option. Graduate applicants can avail themselves of fellowships and research, teaching, or administrative assistantships. You can also apply for external scholarships from various Indian business houses, trusts, and organizations.
However, if possible, it is generally a good policy to apply to a safety net of universities that fit your family’s budget. If you are not awarded funding, you may still pursue U.S. studies.
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