Financial Aid Newsletter

December - Issue #21

Welcome to the Financial Aid Newsletter for International and Study Abroad Students brought to you by, and

Congratulations- you’ve almost made it through 2020! What a year! It’s great to hear news of more progress on vaccines around the world, meaning that we’re getting closer and closer to returning to “normal”.

With that in mind it’s time to start looking ahead to 2021. So if you need information about loans to cover additional education costs in 2021, we’ve got you covered. We’ve also got news about the winners of the TVC: Life after Lockdown, a roundup of statistics on the state of international education, and a fresh scholarship you might be interested in.

We also have another Financial Aid Definition, which this month is: Need-Based Financial Aid.

The International Financial Aid Team


The State of International Education

The Institute of International Education have released their latest findings on the state of International Education - we’ve summarised the main headlines for you in our latest post on the IEFA blog. Whether you’re a current student or planning to study abroad next year, it’s interesting to see how you fit into the bigger picture.

Getting a Head Start on 2021

Have you started planning ahead for 2021 yet? As we roll into the last few days of the year, it’s a good time to review your budget and think about any additional finances you might need. If you think you’re going to need additional funds, maybe a loan can help. See if you’re eligible by using the Loan Comparison Tool at

TVC: Life After Lockdown Winners

In its 15th year the video contest got a new twist with TVC: Life After Lockdown. There were fantastic entries from around the world and the winners have been announced – you can watch the winning videos now!

Africa Initiative Scholarship

The Ashinaga Africa Initiative (AAI) is an international leadership program that cultivates the next generation of leaders to contribute to the development of sub-Saharan Africa. The AAI provides access to full financial support to study at university abroad for qualifying students.

What is “Need-Based Financial Aid”?

In the case of need-based financial aid, support is awarded based on a student’s financial circumstance. Need-based aid can be awarded in the form of grants, loans, or work-study programs, and it depends on your personal circumstances such as your and your family’s income. When applying to a college or university outside your home country make sure you ask if they have any need-based financial aid available.