International Students: Company Expense Eligibility Explained

International students often face additional expenses on top of their tuition fees, and these can vary depending on the country and institution they are studying in. In the US, international students should expect to pay fees charged by colleges, banks, and the federal government, as well as the costs of everyday items and clothing suitable for the local weather. In Canada, international students may have to pay income tax on earnings from teaching or research assistantships, and they can claim certain expenses as non-refundable tax credits, such as tuition fees, medical expenses, and interest on student loans.

International students can work remotely for non-US companies, but they need work authorization

International students in the US on F-1 visas are permitted to engage in part-time, on-campus employment. However, additional work authorization is required for any other type of employment, including off-campus and remote work. This means that international students can work remotely for non-US companies, but they need to ensure they have the proper work authorization to maintain their legal student visa status in the US.

International students on F-1 visas can use the Optional Practical Training (OPT) program to work remotely for non-US companies. OPT allows international students to work either before or after graduation in a job related to their major, and it can be used for remote work with non-US companies for up to 20 hours per week during the academic semester. Curricular Practical Training (CPT) is another form of work authorization that allows F-1 students to participate in paid and unpaid internships relevant to their field of study during their degree program for academic credit. CPT can also be used for remote internships with non-US companies, with a maximum of 40 hours per week for full-time and 20 hours per week for part-time work.

It is important to note that remote work during school breaks is allowed without US work authorization as long as it is done outside of the US. Additionally, freelancing is allowed under pre-graduation and post-graduation OPT, and international students can freelance for non-US companies. However, students on a student visa must keep a detailed record of all jobs and are restricted to working no more than 20 hours per week during the academic sessions. Any form of compensation, including sponsorships, is considered paid work, and work authorization is required.

International students should be aware that the penalty for working illegally in the US is severe. Working without authorization may result in losing their student visa, facing difficulties in obtaining another visa in the future, and even being banned from re-entering the US for several years. Therefore, it is crucial for international students to understand the F-1 visa work authorization requirements for remote work and ensure they comply with all regulations.

Students can save money by using discounts at movie theatres, shopping centres, restaurants and insurance providers

Students can take advantage of various discounts to save money on entertainment, food, and essential services. For instance, several movie theatres, including AMC Theatres, offer discounted tickets for students with valid photo IDs. AMC Theatres also offer discounts for matinee showtimes and Discount Tuesdays, allowing students to save money on their movie-going experience.

When dining out, students can present their student IDs at restaurants to receive discounts on their meals. Some insurance providers, such as GEICO, offer car insurance discounts specifically for students. GEICO provides competitive rates and various discounts for college and high school students, including a good student discount for those maintaining a "B" average or better.

Additionally, students can keep an eye out for shopping nights organised specifically for students, which often offer exclusive discounts at participating stores. These events can be great opportunities to save money on various purchases. By utilising these discounts across different categories, students can significantly reduce their overall expenses.

It's important to note that students should always carry their valid student IDs to take advantage of these discounts. By planning their purchases and leveraging these money-saving opportunities, students can make their budgets stretch further and gain financial relief during their academic journey.

The cost of applying for a US visa is $185, with additional fees for the study registration dossier and SEVIS

International students who wish to study in the US must be prepared to pay a variety of fees. The cost of applying for a US visa is $185, but there are additional fees for the study registration dossier and the Student and Exchange Visitor Information System (SEVIS). The visa application fee must be paid before the interview, and if the visa is approved, there may also be a visa issuance fee, depending on the applicant's nationality.

The first step to studying in the US is to apply to a Student and Exchange Visitor Program (SEVP)-approved school. Once accepted, the student will be registered for SEVIS and must pay the SEVIS I-901 fee. The amount of the SEVIS fee varies by school and student status, but it is typically $350 for F-1 students. The SEVIS fee is non-refundable, even if the visa application is denied. However, if the student reapplies for a new F-1 visa within 12 months of the denial, they will not need to pay the fee again.

To pay the SEVIS fee, students must provide their name, address, date of birth, email address, country of birth and citizenship, school code, and SEVIS identification number. Students from certain countries, including Cameroon, Ghana, Kenya, Nigeria, and the Gambia, must pay by money order, Western Union Quick Pay, or certified check drawn from a US bank. The printed confirmation of the SEVIS fee payment must be presented at the visa interview.

In addition to the visa and SEVIS fees, international students should also budget for other expenses, such as college fees, bank fees, and living and personal expenses. Creating a budget that includes educational costs, living expenses, and personal expenses can help prospective international students get a better idea of the total cost of obtaining a US degree.

International students should budget for the cost of furnishing their dorm rooms and buying weather-appropriate clothing

International students should be mindful of their budget when furnishing their dorm rooms and buying weather-appropriate clothing. Here are some tips to help you stay within your budget:

Furnishing Your Dorm Room:

• Bring essential items: Only pack the essentials and leave non-essential items at home. You can always purchase additional items later if needed.
• Coordinate with roommates: Communicate with your roommates to avoid bringing duplicate items. This will help save space and money.
• Utilize existing items: Look for items you already have that can be used in your dorm room, such as lamps, blankets, towels, dishes, and cutlery. This will help reduce costs.
• Be creative and thrift: Instead of buying everything new, consider second-hand items or getting creative with decorations. You can find affordable furniture and decorations at thrift stores or online marketplaces.
• Share the cost: Discuss with your roommates if there are larger items, such as a printer or vacuum, that you can share and split the cost.
• Use command strips and sticky tack: Instead of drilling holes or damaging walls, use removable adhesives to hang items, following your school's policy. This will save you time and money when it's time to move out.

Buying Weather-Appropriate Clothing:

• Research the weather and region: Before packing, research the weather conditions and cultural norms of your study destination. Dress appropriately and pack clothes that align with the region's climate.
• Pack interchangeable clothes: Bring clothing that can be mixed and matched to create a variety of outfits. This will help you pack light and save money.
• Layer your clothing: If you're studying in a cold climate, pack clothes that can be layered to keep you warm. This includes items like base layers, long-sleeved shirts, and thin insulating layers instead of bulky sweaters.
• Invest in key winter items: Purchase or bring a limited number of high-quality, warm items, such as merino wool hat, gloves, and socks. These items will provide extra warmth without taking up too much space in your luggage.
• Pack lightweight and breathable items: If your study destination has a hot climate, opt for light and breathable fabrics to stay cool and comfortable.
• Leave space for souvenirs: Don't forget to leave some space in your luggage for souvenirs and items you may acquire during your stay.

Students can earn income through on-campus jobs, rental properties, stocks and investments, and royalties from publications

International students often face financial challenges, especially when studying abroad. Balancing tuition fees, living expenses, and personal needs can be difficult. However, there are several ways international students can earn an income to support themselves while studying. Here are some methods to consider:

On-Campus Jobs

One of the most convenient ways for international students to earn money is through on-campus jobs. Many universities offer part-time positions to students, which can help cover living expenses and build valuable skills. Working on campus allows students to easily manage their academic commitments alongside their jobs. Some on-campus job options include research and teaching assistant positions, where students can assist professors with research projects or provide support in teaching efforts. These positions are often available to international students with F-1 visas, who can work up to 20 hours per week during the school term and full-time during school breaks.

Rental Properties

Another way for students to earn income is through rental properties. This involves renting out property to tenants and collecting rental income. Students can deduct certain expenses, such as those paid by the tenant for utilities or improvements, from their rental income when filing taxes. It's important to note that rental income must be reported for all properties, and it should be reported in the year it is received. While this option may require more initial investment, it can provide a steady income stream over time.

Stocks and Investments

Students can also explore the world of stocks and investments to grow their money. Investing involves putting money into different assets, such as stocks, bonds, mutual funds, or cryptocurrencies. The goal is to buy low and sell high, taking advantage of compound interest. Students should educate themselves about investing, stay out of debt, and only invest money they can afford to lose. Additionally, a basic savings account can be a good starting point for students, allowing them to earn interest on their savings.

Royalties from Publications

Publishing a book or academic research while studying can potentially generate income through royalties. In most cases, the academic institution does not claim any royalties from books written by students or faculty members. However, there may be exceptions, such as when the university provides financial support for publication, which may be outlined in the publication contract. Students should carefully review their institution's policies and their employment contracts to understand any potential claims on royalties.

These options provide international students with opportunities to earn an income and gain financial independence while pursuing their studies. It is important to stay informed about job opportunities, scholarships, and other financial resources available, as well as to embrace challenges and seize the right opportunities.

Frequently asked questions