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Getting Personal: Overseas education, selling your condo

Getting Personal

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This week, we find out how to fund an overseas education and whether you should consider capital gains taxes before selling your condo.

Here's the link David mentioned in the segment: Institute of International Education. David says you should consider looking into scholarships when considering overseas study. Listen to the segment to find out more.

Aaron Cummings's picture
Aaron Cummings - May 31, 2011

I am in a position very similar to that of the caller. I have been accepted into an engineering masters program at a school in Prague, Czech Republic and I have been frantically searching for potential sources of funding (scholarships, grants, subsidized/un-subsidized loans, etc.). I have exhausted the site mentioned in the program, the Institute of International Education, but to no avail. I have been having a hard time finding scholarships that fit my specific circumstances or that don't have deadlines that have expired.

I can relate to the caller, my school needs the 1st year's tuition so that I can start the visa application process. I have been awarded subsidized loans for some of the grad schools that I have applied to in the U.S., but of course, the school that I am planning to attend in Prague doesn't have the coveted 'school code' that the Department of Ed. needs to allow my federal loans to be applicable.

That being said, has anyone been in a similar situation and know of any sources for international scholarships, grants or loans that I might have overlooked? All suggestions are appreciated!

Gale Teschendorf's picture
Gale Teschendorf - May 29, 2011

The student could apply for a visa for a semester at a time. Then if he lives on say $3,000 a month, he will not borrow a third more than he needs and borrow only as he needs it.

Margarita Uricoechea's picture
Margarita Uricoechea - May 28, 2011

To the gentleman asking for advice on how to finance his studies in Switzerland: I am almost sure that what you were told about having to have the funds for the whole stay applies to people wanting to live there for business or personal reasons. Students are usually treated different; so I think you should check with the school in Switzerland. They have surely had other American students and I am pretty sure they did not all have 100K in the bank before the start of their studies.