1. Scholarships: There are generally three types of scholarships offered by top global universities — merit-based scholarships, need-based scholarships, and research-based scholarships. Merit-based scholarships are given to meritorious students with outstanding academic and extracurricular achievements. Although rare, universities sometimes extend ‘full-ride’ scholarships to excellent candidates with spectacular profiles and grades. Need-based scholarships are reserved for students who belong to economically weaker status. To avail of this scholarship, students need to submit their financial documents, bank statements, and salary slips. Research-based scholarships are offered to students who are highly interested in pursuing a research project alongside their studies. Students must demonstrate a genuine interest in research and maintain high academic standards.
  2. Student loans: Balancing your finances and spending responsibly goes hand in hand. Have a discussion with your parents about the costs involved. Some amounts can be taken as a loan from banks or student loan organisations. Some universities also provide substantial support in the form of institutional financial aid wherein they allow students to pay the tuition in instalments.
  3. On-campus/part-time jobs: International students are allowed to work part-time on campus for a certain number of hours. Although not very significant, this income can help you pay your rent, phone bills, food and other living expenses.  
  4. Assistantships: Connect with university faculty members and professors for teaching (TA) or research assistant (RA) positions under them. You will need to showcase in-depth knowledge in that particular subject to help the professor with tasks like correcting the assignments, setting up the experiments, supervising the exams, and sometimes even conducting the lectures. TA/RA-ship are generally offered to graduate students and only to the brightest in the class; nonetheless, it is a paid position and can help you cover a substantial portion of your expense.
  5. Internships (OPT/CPT): There is a provision on student visas where students are allowed to work full-time during their summer and winter breaks as well as upon graduation. Stipends received during a full-time internship can reduce your financial burden considerably. Moreover, the professional experience gained can also help you land your dream job.