Many foreign students may have the dream to continue their study in China; however, sometimes the financial problems can block their plans. In China's universities, there are many types of financial aids available to those who need it.
More and more international students choose to advance their study in China; however, sometimes the financial problems can block their plans. In China's universities, there are many types of financial aids available to those who need it.
Generally speaking, financial aid is a kind of funding which is used to pay for a student's education. There will be difference between the policies in different countries. Then what about the financial aid policy in China?
Types of Financial Aid
Grants
A grant is a form of funding that does not have to be repaid. The money can be used for tuition, room and board, books, and other school expenses. Grants are awarded depending upon financial need.
Scholarships
Scholarships do not have to be repaid. They are awarded to students based on merit. Scholarships are awarded for athletics, music abilities, academics, group affiliations, etc.
Student Loans
In order to help some students to finish their study in universities smoothly, universities will offer loans for them. Loans may be subsidized or unsubsidized. The interest on subsidized loans is paid by the government while the student is enrolled in school and sometimes beyond. The student pays the interest on unsubsidized loans. The type of loan that you qualify for is based upon your financial need.
Work Study Programs
A Work-Study Program allows tuition to be deferred if a student works in a particular field while attending school.
Application for Financial Aid
More than 70% of students receive some type of financial aid. Almost everyone is eligible. To begin applying for aid, you should fill out the FAFSA. Further application procedures will vary depending upon which school you are applying to. Most colleges have financial aid officers that can assist you with this process.
When to Apply for Financial Aid
You should apply for aid when you are applying for admission to a university in China. Deadlines will vary depending upon different universities. Consult youruniversities of choice as soon as possible to get exact dates.