The financial demands on new students and scholars are typically highest at the beginning of the academic year because tuition, health insurance fees and housing deposits are typically due at the beginning of the academic year. In order to meet these obligations, you can elect to:
- Check with your local bank on the possibility of transferring money to a bank in the U.S.
- Use a money transfer service such as Western Union or Moneygram
- Get travelers checks payable to a bank in the U.S.
- Pay your tuition, health insurance fees and housing deposits with a credit card (check with the issuing bank to make sure your card can be used in the U.S.).
- Carry small amount of U.S. currency ($200-400) in small denominations with you to cover initial expenses.
Students and Scholars need to plan their finances carefully and not rely on earning a great deal of extra money after arrival in the United States. Employment in most non-immigrant visa categories is highly restricted by U.S. government regulations, so news students and scholars should come prepared to meet all of their expenses. Moreover, financial assistance and educational loans are usually not available to internationals students after arrival.