Das Portal von Handelsblatt und WirtschaftsWoche

Study Abroad With or Without a Scholarship

Tim Rogers, QS Quacquarelli Symonds Ltd, London
Thinking about studying overseas? Financing an international Masters or research programme requires a significant amount of investment, no matter which country you decide to study in. Gaining funding for your studies, however, requires an even greater investment of your time to locate all of the sources of information for possible funding support.
Thinking about studying overseas? Financing an international Masters or research programme requires a significant amount of investment, no matter which country you decide to study in. Gaining funding for your studies, however, requires an even greater investment of your time to locate all of the sources of information for possible funding support. Former Head of Recruitment & Admissions at the London School of Economics & Political Science, and now a leading International Education Consultant to the QS World Grad School Tour, Tim Rogers outlines some of the key areas for funding students must consider when planning a period of study abroad.If I have learnt anything from a decade of advising students internationally it?s that planning the process of funding your studies is crucial. It is not just a matter of saving money - begging, borrowing or stealing as much of the tuition and living fees as possible ? but making sure you are completely aware of deadlines. There is no point in just deciding to study overseas in the vain hope that someone will pick up the tab. Financing your studies is a complicated business and requires at least 12 months of preparation if you intend to compete and meet all of the requisite deadlines for one of the limited number of scholarships available for international students. On the bright side of things, however, is the fact that most governments and universities invest far more of their budgets in supporting postgraduate rather than undergraduate study.

Die besten Jobs von allen

So where should you start to look? Indian national Siddharth Raja, now a successful lawyer with O?Melveny and Myers in Hong Kong, spent two years looking for a suitable scholarship scheme to support his intended study for a postgraduate LLM overseas. ?Initially, I contacted the advisory services of the countries I was most interested in studying in. Ultimately, because of the structure of the legal system in India, I knew I wanted to study in the UK. That narrowed the search for scholarships down to the UK?s only national scheme: the British Council Chevening Scheme.? Offering over 2,000 awards every year for study in UK universities and colleges, mostly for Masters programmes, Chevening is a highly competitive scheme that attracts more than 15,000 applications every year. Providing for tuition and living costs in most cases, scholarships are available to students from 166 countries whose applications are considered by means of a selection board and interview. Some of these awards are co-sponsored by particular universities, as was the case with Mr Raja, ?The University of Warwick offered two shared scholarships for the study of law in conjunction with the Chevening Scheme and I was fortunate to win the one supporting a student in the field of International Economic Law.? Leading international companies such as HSBC, BP, Cable & Wireless and Rio Tinto also lend their financial support to other joint Chevening awards.Of course, the Information Age in which we currently live abounds with advisory services for international students wishing to secure financial aid or scholarships. National agencies such at Australia?s IDP (www.idp.com), the UK?s British Council (www.britishcouncil.org) and the US?s Institute of International Education (www.iie.org) offer an abundance of information on their specific scholarship programmes. Similarly, French, German, Canadian and Dutch agencies boast informative websites highlighting an exciting range of scholarships and financial aid opportunities for postgraduate taught and research studentships in their particular countries. Similarly, independent but often commercial organisations such as www.abroadplanet.com, www.scholarships.com and www.iefa.org offer extensive search facilities for scholarship opportunities in the USA, and sometimes farther afield. While many of these sites draw together enormous amounts of information, nothing beats trawling through the prospectuses and catalogues of individual universities to see exactly what financial aid schemes they can offer you and when their deadlines are.How much your international postgraduate education costs varies with which country you choose to study in and at what institution. If you?re aiming for one of the leading world names in education ? MIT, Stanford, Oxford or Cambridge ? then a taught Masters programme will cost you anything from $35,000 to $55,000 a year plus living expenses. Studying in Australia, Canada or Germany may well work out considerably cheaper, but in reality none of the genuine options for international study are free. It?s important to remember that you will also have to fund your cost of living and this factor may dictate where you actually study. Many city-based universities, such as those in New York, London, Paris or Sydney, come with the additional price tag of some of the most expensive living expenses in the world. Studying away from the city cuts down costs and often shows you another side to a particular country?s culture. Some institutions offer attractive packages that include part-time teaching or research opportunities to offset all, or a proportion, of the tuition fees, but applications are often restricted to research students or those already familiar to the institution concerned.All the planning in the world cannot guarantee financial aid from either a particular institution or a national or international agency. Sometimes, the key to financing a period of overseas study is a simple combination of hardwork and favourable immigration regulations. With the international movement of students increasing exponentially every year, those country?s wishing to remain competitive in the recruitment of students are revising their views on allowing foreign nationals into the workplace. The US, Canada and many European countries all offer favourable immigration rules allowing some measure of work for genuine full-time international students. Both the UK and Australian governments now promote the active participation of international students in the part-time job market. They have eased formerly draconian laws on who could work and for how long, and encouraged larger numbers of those students intending to work their way through university to consider their education systems. Both countries now allow students to work up to 20 hours a week in term time and a full working week in vacations. The Highly Skilled Migrants Programme in the UK is also an opportunity for many students to stay on in the UK after their period of study is complete. This can enable them to repay loans they may have taken out in the home country at a much faster rate. Full details can be found at www.workpermits.gov.uk and www.immi.gov.au.In recent years, a number of national and international banks have recognised the growing importance of international study and the potential of a new client market. A simple search on the internet will reveal an enormous number of commercial organisations offering schemes, often with deferred interest packages, for students interested in pursuing a masters or research degree overseas. The amount you can borrow varies from bank to bank, as do the application requirements and loan schemes. International students are, however, increasingly turning to this new opportunity as a means of funding some or all of their period of study. As with all loans though, read the small print!If you think you have exhausted all of the options, there is also the opportunity for those attending one of the World MBA (www.topmba.com) or Grad School Tour (www.topgraduate.com) events to apply for the 2004 Community and Leadership Scholarships to help fund an MBA or Masters programme anywhere in the world. Applicants must have attended one of the fairs in person to be eligible for the scholarships and will be sent an email with scholarship details inviting them to complete an application on-line, between November 2004 and April 2005. Winners demonstrate either an exceptional talent for leadership or social responsibility. The purpose of the scholarships, worth up to $10,000, is to enable individuals to attend a leading university of business school in order to gain further skills in leadership, teamwork and corporate governance and to be able to make a meaningful difference to the world in which we all live.Good luck!
Dieser Artikel ist erschienen am 01.10.2004