Share this article on...
Contact Us
- Report errors or inaccuracies topmba@qsnetwork.com
- Contribute articles contribute@qsnetwork.com
- Advertise advertise@qsnetwork.com
North American graduate students seek loans to fund study abroad
The latest research from QS, the London based team behind www.topgraduate.com and the QS World Grad School Tour, indicates that North American students are for more likely to seek loans rather than scholarships to fund their Graduate School study far more often than students from Asia, Europe and Latin America.
The research demonstrates that North American students are much less likely to seek a scholarship for their international graduate studies but are more willing to apply for commercial loans than their European and Asian counterparts. Similarly, North American students are much less likely to ask for financial help from parents and other regional groups of students.
| Method of funding graduate studies | Latin American Applicants | North American Applicants | European Applicants |
| Scholarships | 58.1% | 34.3% | 53.1% |
| Loans | 14.3% | 37% | 15.2% |
| Savings | 13.6% | 15.2% | 12.3% |
| Parents & Family | 8.7% | 5.6% | 12.4% |
| Company sponsorship | 3.4% | 6.8% | 5.1% |
| Other | 1.9% | 1.1% | 1.9% |
Source: QS Graduate Applicant Research 2007
The QS Graduate Applicant Research 2007, an annual survey of 4,000 prospective graduate students in more than 25 countries, provides a unique snapshot on the habits of those applying for masters and PhD programs this year. Tim Rogers, author of the report comments: “The number of North American applicants willing to invest their own money in Graduate School is far higher than in other countries. There is a greater understanding of the value of the return of investment by North American students represented by both masters and PhD degrees.”
With international graduate programs being amongst the most expensive of all study abroad experiences, funding is often the most critical issue for those researching where they will study in the future. Peter MacDonald, Director of the QS World Grad School Tour offers this note of support: “The events held in New York, Boston and Toronto In September will all offer potential students with advice on scholarships, financial aid and loans including $1.9 million in exclusive scholarships for those students that attend one of our three events.”
North American students will have the opportunity to access unique information on international scholarships and other funding opportunities later this month. The QS World Grad School Tour will visit New York (September 16), Boston (September 20) and Toronto (September 23) and bring with it more than 45 US and international graduate schools.
Full details of the QS World Grad School Tour North American events can be found at
www.topgraduate.com.
-Ends-
For more information contact:
Ann Graham
PR and Marketing Coordinator
QS
Email: ann@qsnetwork.com
Tel: + 44 (0) 20 7284 7235
Fax: +44 (0) 20 7284 7202
OR
Simona Bizzozero
Media Relations Manager, QS
simona@qsnetwork.com
Tel: +44 (0) 20 728 47248 (Direct)
Fax: +44 (0)20 7284 7202 (Direct)
Notes for editors:
The QS World Grad School Tour offers a unique opportunity for potential graduate candidates to meet admissions officers of the world’s top universities face-to-face at venues around the world. Candidates can register for free at www.worldgradschooltour.com. Now in its seventh year, the Tour will be visiting 40 cities in 26 different countries in the Fall 2007. QS provides guidance for higher education and career opportunities, supporting high achievers to progress towards their future goals. The QS team includes internationally recognised experts in the higher and business education arena and operates globally from offices in London, Paris, Singapore, Tokyo, Beijing, Sydney, Washington DC, and Johannesburg.
