Tuition for studies cost between $5,000 and $40,000 per academic year (9 months) depending on university level and course taken. Room and board will cost between $3,000 and $8,000, application fees $80, entrance examination up to $200, health insurance $300 - $500 and additional expenses will cost around $3,000.

In most cases of undergraduate studies you will need to provide yourself with sufficient financing prior to being accepted to studies. Some schools are very likely to offer financial aid for international undergraduate students, other provide very good information on organizations, companies and private persons that can support financially international students - either on their websites or upon individual request. The lists of universities that offer financial support to the largest numbers of international students can be found at: http://www.edupass.org/finaid/undergraduate.phtml

International undergraduate students usually do not possess a work permit and are not supposed to work during their studies. However, in certain cases they are allowed to work at the university or conduct an internship if their studies require it for obtaining degree.

In case of Ph.D studies universities provide their students with a very strong financial support and opportunities to provide themselves with sufficient financing either by work at the university, external internships or highly flexible research work. Outstanding candidates receive complete awards including full tuition waiver, stipend, and teaching or research assistantship tenable for many years as well as additional money for tutoring and coverage of travel and data expenses. Some of the students who do not qualify for full support receive partial support and may reapply for support every year. All forms of assistance are merit-based and are contingent on continued satisfactory progress. The best universities make sure that students who meet their requirements receive proper financial aid to continue their research, what makes their programs very attractive.

Most universities provides additional fellowships, loans and grants for Ph.D students from their graduates and sends information on application procedure for each of them to successful candidates for studies on ongoing basis.

Some of such programs are: Center for Research in Security Prices Award, The Oscar Mayer 5th Year Stipend, The Brunswick-Davidson Accounting Research Scholarship, The Hillel J. Einhorn Memorial Scholarship, The Sanford J. Grossman Fellowship in Honor of Arnold Zellner, The Charles T. Horngren Doctoral Fellowship, Wesley Pickard Endowed Fellowship, Katherine Dusak Miller Fellowship in Finance, The John Leusner Fellowship and many other.

A few US banks will offer student loans to international students if the loan is co-signed by a creditworthy US citizen or permanent resident. There may also be restrictions on the type of visa (F1 or J1).

For more information, visit: http://www.edupass.org/finaid/loans.phtml