Santa Clara University: Financial Aid For International Students?

Santa Clara University is committed to helping students and their families meet college costs each year. While federal and state aid is only available to US citizens or eligible non-citizens, the university does offer a number of scholarships and funding sources to support international students. Undergraduate international students may qualify for scholarships, while graduate international students should contact their graduate school for information on how to apply for scholarships, fellowships, and grants. Additionally, international students may apply for private educational loans if they have a creditworthy US citizen or eligible non-citizen as a co-borrower.

Scholarships and grants for international students

Santa Clara University provides a number of scholarships and funding sources to support international students. However, funding options for international students are limited, and federal and state aid is only available to US citizens or eligible non-citizens.

• Pandita Ramabai International Scholarship Fund
• Santa Clara University President's Belize Scholarship (in collaboration with the Government of Belize)
• Undergraduate Fellowships for Students without U.S. Citizenship
• Business School Graduate Merit Scholarship
• ECP Tuition Scholarships and Endowed Scholarships
• Jesuit School of Theology Partial-Tuition Scholarship (25%-75%) and Full-Tuition Scholarships
• P.E.O. International Peace Scholarship Fund: This scholarship is for female international students studying in the US.

External Scholarships and Grants

• International Institute of Education (IIE): The IIE highlights fellowships, grants, and scholarships for international students, such as Fulbright awards.
• NAFSA: Association of International Educators: NAFSA provides funding opportunities and resources for international students, including grants and scholarships.
• International Education Financial Aid: This site lists over 1,000 scholarships, grants, and awards for international students.

Loans for international students

International students at Santa Clara University have a few options when it comes to loans. Firstly, it is important to note that federal and state aid is only available to US citizens or eligible non-citizens. However, international students may apply for private educational loans if they have a creditworthy US citizen or eligible non-citizen as a co-borrower. Santa Clara University mentions a new lender on the market, MPower, that does not require a co-signer.

Private Loans

Private student loans are available to international students to help cover costs while studying in the US. These loans can cover tuition, books, transportation, and living expenses. There are a variety of lenders that provide loans to international students, including:

• Sallie Mae Undergraduate Student Loan
• College Ave Private Student Loan
• MPOWER Private Student Loan
• Ascent Credit-based Student Loan
• Earnest International Graduate Loan
• Brazos Private Student Loan
• EDvestinU Private Student Loan
• Custom Choice Loan
• Advantage Education Private Student Loan
• SoFi Undergraduate Student Loan

Eligibility

To be eligible for a private student loan as an international student, you will likely need a co-signer who is a US citizen or permanent resident with a good credit rating, income history, and has lived in the US for the past two years. However, some lenders may not require a co-signer if you meet certain criteria, such as attending an eligible school, demonstrating high career potential, and planning to graduate within the next two years.

Interest Rates and Repayment Plans

Interest rates for international student loans are typically calculated using a benchmark rate (such as the Prime Rate or SOFR) plus an additional percentage based on the creditworthiness of the borrower or co-signer. Repayment plans can vary, but commonly include full deferral (deferring payment until 6 months after graduation), interest-only payments while in school, or immediate repayment of both interest and principal. The repayment period can range from 10 to 25 years, depending on the loan amount and other factors.

Scholarships and Other Funding

In addition to loans, international students at Santa Clara University can also explore scholarships and other funding sources. The university provides a number of scholarships, such as the Pandita Ramabai International Scholarship Fund, the President's Belize Scholarship, and the P.E.O. International Peace Scholarship Fund for female international students. External organizations, such as the International Institute of Education and NAFSA: Association of International Educators, also offer grants and scholarships for international students.

FAFSA and other applications

Santa Clara University offers financial aid to 73% of its students. The university is committed to helping students and their families find ways to make the university affordable.

The Free Application for Federal Student Aid (FAFSA) is used by colleges to determine how much financial aid students and their families need. The FAFSA calculates a family's ability to pay for college, and the results of this determine the financial aid package offered by the college.

Santa Clara University's school code for the FAFSA is 001326. The FAFSA becomes available online on October 1.

International students are not eligible for federal or state aid, which is reserved for US citizens or eligible non-citizens. However, international students at Santa Clara University can apply for private educational loans if they apply with a creditworthy US citizen or eligible non-citizen as a co-borrower. One such provider is MPower, a new lender that does not require a co-signer.

International students may also qualify for scholarships. Undergraduate students who are not US citizens or eligible non-citizens may qualify for scholarships, and there are also scholarships and grants for international students, such as the Pandita Ramabai International Scholarship Fund, the Santa Clara University President's Belize Scholarship, and the P.E.O. International Peace Scholarship Fund for female international students.

There are also external scholarships and financial support options for international students, such as those offered by the International Institute of Education (IIE) and NAFSA: Association of International Educators.

Funding limitations for international students

International students at Santa Clara University face several funding limitations due to their citizenship status. Federal and state aid is restricted to US citizens or eligible non-citizens only. International students are therefore ineligible for loans or grants from the US government. This significantly limits their access to financial assistance, as government loans typically offer lower interest rates and more flexible repayment options compared to private loans.

However, international students at Santa Clara University can explore alternative funding sources to support their education. The university provides various scholarships and funding opportunities specifically for international students, including the Pandita Ramabai International Scholarship Fund, the President's Belize Scholarship, and the P.E.O. International Peace Scholarship Fund for female international students. These scholarships can provide substantial financial support and help make Santa Clara University more accessible to international students.

Additionally, international students can explore private educational loans, although these typically require a creditworthy US citizen or eligible non-citizen as a co-borrower. It is important to carefully review the terms and conditions of such loans before applying.

Moreover, international students should also research private or school-specific grants, scholarships, and other funding opportunities outside of the university. Organisations like the International Institute of Education (IIE) and NAFSA: Association of International Educators offer fellowships, grants, and scholarships specifically for international students. By exploring these alternative funding sources, international students can find support to help cover the costs of their education at Santa Clara University.

Overall, while international students at Santa Clara University face limitations in accessing federal and state aid, there are still various scholarship, grant, and loan opportunities available to them. By actively exploring these options and seeking out alternative funding sources, international students can find ways to finance their education and make their time at Santa Clara University more financially manageable.

Santa Clara University tuition fees

Santa Clara University is committed to helping students and their families find ways to make attendance affordable. 73% of students at the university receive financial aid, and the average amount of financial aid received by undergraduate students is $55,224, which is in the top 5% of colleges and universities.

The tuition fees for Santa Clara University are as follows:

• The average tuition and fees are $57,534 per year, placing the university in the top 10% of colleges and universities in the United States.
• The cost of books and supplies is estimated at $1,152, which is in the bottom 45% of institutions.
• Room and board charges are $17,784, which is in the top 10% of colleges.
• The total average cost of education, including tuition, fees, room and board, and books and supplies, is $76,470.

There are also additional costs to consider, such as housing, meal plans, and other related charges. The University Enhancement Fee, indirect costs such as books, course materials, supplies, equipment, and personal/miscellaneous expenses, can all impact the total cost of attendance.

For graduate students, the Cost of Attendance is projected at 12 units. Enrollment of less than 12 units will result in an adjustment to the Cost of Attendance, and aid will be reduced as needed to reflect actual enrollment during the first week of classes.

International students have limited funding options, as federal and state aid is only available to US citizens or eligible non-citizens. However, international students may qualify for scholarships, and there are also private educational loan options available. Santa Clara University provides a number of scholarships and funding sources to support international students, such as the Pandita Ramabai International Scholarship Fund, the President's Belize Scholarship, and the P.E.O. International Peace Scholarship Fund for female international students.

Frequently asked questions