Massachusetts Institute of Technology is one of the foremost institutions in US that is taking ahead the higher education blended with the technology with a motto advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.
Financial aid at Massachusetts: MIT is no less than any other university in providing the students with the scholarships and loans to make their dreams come true. MIT has many schemes of funding. It has loans, scholarships and grants. In MIT, there are two kinds of loans: loans based on financial need and that are not. Generally, loans that are based on financial need have lower interest rates and need not be payed back till the completion of the course. Loans based on need are available to any under graduate, graduate and professional student of the institute. Generally, this loan is either issued by the federal government or by MIT.
Loans that are not based on the need are available to both the students as well as to their parents. Generally, here, the interest rates are bit higher than the previous scheme. In this scheme, if the students take the loan they need not repay till they leave the school, but if the parents take the loan, the loan is supposed to be repaid before the student
leaves the school. Furthermore, there are a variety of repayment options like; Standard repayment, Extended repayment, Graduated repayment, Income-contingent repayment, Income-based repayment. For more information, refer to: http://web.mit.edu/sfs/loans/get_a_loan.htm
Scholarships and grants are those funding options that student will avail that are purely merit-based. Occasionally, MIT does consider granting the scholarships on need-based issues. For more information on scholarships, refer to: http://web.mit.edu/sfs/scholarships/index.html MIT also has a facility for on and off campus jobs for students.
To know more, refer to: http://web.mit.edu/sfs/jobs/index.html
Anyone who wishes to pursue higher education in the US can do so without apprehension. Scholarships, fellowships, students’ loans from universities and governments are available for those who care to look.
Today, find details on funding options provided by Stanford University (in the following days find more information on funding options provided by Massachusetts Institute of Technology, Harvard University, Columbia University, Stanford University.
For students around the world, US is a land of education with world-class facilities. The quality of education, the facilities, the career opportunities are making every graduate to make their moves towards this land of education. Studying in US is the wish of many hearts, but is the gift for only some Grey cells. The reasons for this are many. The most important issue that hampers the students to go for the US is the expenses. There is not a flea's breath of doubt to say that the study in US would cost the students an earth!
Finances are a concern for most graduate students and their families. The outnumbering fears of expenses would make some even nip the budding wishes. But for now, anyone who wishes to pursue his/her higher education in the US can do so without any apprehension. The announcement of scholarships, fellowships, students’ loans etc., from the universities and the respective governments sounded the death knell to all the dubious thoughts of students and their families about the education in US. Now, it is no more the goblet of an elite; it is the earthen pot of every commoner.
Each and every university is striving hard to attract as many international students as possible by announcing various funding options. There is no denying that graduate education at some of the top 10 universities in the US like Harvard University, Stanford University, Massachusetts Institute of Technology, and Columbia University is difficult. Nevertheless, these universities have come up with different funding options that are flexible to the student community.
Stanford University will be one among the priority list of the students to select the universities. Established by Leland and Jane Stanford in 1891 to “promote the public welfare by exercising an influence on behalf of humanity and civilization”, Stanford continues to remain dedicated to finding solutions of the day and to preparing the students for leadership in today’s complex world. Every year, Stanford contributes to creating history with over 8,000 students pursuing degrees in more than 65 departments and programs.
Funding at Stanford In Stanford, financial assistance varies considerably from departments, schools, and programs. Some of the important considerations in awarding of graduate financial support are academic record and the availability of funds. Usually, in Stanford, Master's students do not receive funding. Most fund the tuition expenses through loans or savings. Fellowships and assistantships are rarely given to students enrolled in master's programs.
Professional students (J.D, M.B.A., M.D.) often rely on loans. Financial aid for professional programs is managed through the financial aid offices of the law, business, and medical schools. Upon admission to a doctoral program, students are usually offered a funding package that includes tuition and a stipend for living expenses for four to five years. This package may also include support through assistantships for part of the program.
Types of Funding : Students usually combine a variety of sources of funding over their time in graduate school.
• Research and teaching assistantships (work on campus that is directly related to students' academic progress)
• University or departmental fellowships
• External financial support awarded to students directly by foundations or government agencies (most requiring that students apply directly)
• Jobs on or off campus unrelated to students' academic work
• Loans
For further information on funding refer to:
http://vpge.stanford.edu/funding/
http://vpge.stanford.edu/funding/basics.html
http://vpge.stanford.edu/funding/vpgefellowships.html http://vpge.stanford.edu/funding/project.html
http://vpge.stanford.edu/funding/other.html
http://vpge.stanford.edu/funding/sources.html
Recently I have seen a lot of students (both GREedge.com and non - GREedge.com students) ask questions regarding the validity of the old GRE scores. There are even many rumors amongst the students, that the old GRE (Exam taken before the revised GRE pattern takes effect) scores will not be valid after August 2011 (after the revised GRE pattern comes into effect). I will try clarifying some frequent doubts in this post.
Many students also seem to have a doubt on how long the old GRE scores would be valid for, will it hold well even by 2011 ending. In reply – Yes, they will remain valid for 5 years (from the date of your GRE) as is the case currently. Just to give you some more clarity, imagine if you have written your GRE by August 2010, your GRE score will be valid until August 2015.
Some students also doubt if the schools will start discriminating amongst the old and revised GRE exam students. Will the schools actually accept the old GRE students as well? Yes, you can be rest assured that the old GRE scores will be accepted until they have not expired. ETS has made it clear in their updates that the schools must not discriminate between students basing on GRE pattern. Now, what if there is a case that a student has given his GRE more than once? In this case, the schools will base his admissions on the scores of the revised GRE pattern.
Last but not the least, I hope this clarifies all your doubts and puts to rest all the rumors about the revised GRE pattern. Follow this blog to be updated on the recent changes in GRE pattern from time to time and also get various preparatory materials, techniques, and methods to crack the GRE. Register with GREedge and receive the latest updates on the current trends in GRE.
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