The Ameicas Economy Crisis

International Students
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<p>Take, as greenboy says, Middlebury for a start. It has shifted from need-blind to need-sensitive on a whim. Have a look: [Middlebury’s</a> new policy toward International applicants](<a href=“http://www.middlebury.edu/administration/budget/challenge/letter_012909.htm]Middlebury’s”>http://www.middlebury.edu/administration/budget/challenge/letter_012909.htm). Other colleges appear to be following suite.</p>

<p>hmom5 may answer later, but let me have my say about financial aid.</p>

<p>US will top its major rivals in UK, Australia and Canada in terms of giving out financial aid in the years to come for sure. Here’s why:</p>

<p>UK: Nearly a third of the British economy is based on its educational sector, whose major funding comes from the overseas-paying International students. The govt here strictly regulates the education industry (unlike in the US), part of which involves keeping fees affordable for local residents. As a result, the local fee rate is highly subsidized by the govt. However, in most cases, this rate is way below than the actual expenditure incurred by a university per student. As a result, universities charge twice as much to overseas students for compensation. I can’t see how this picture will change. Recently, a few elite universities formed the Russel Group, which is lobbying for higher fees. There’s even talk of a British Ivy-league (by uni rectors not tabloids btw) which will double the current overseas fees rate to 20k per annum.</p>

<p>Australia: There are not many universities and most are not as prestigious as many of the top 20 universities in the US. Plus, they seldom give scholarships and even that too is ferociously competitive, merit-based and not 110% (with the air ticket, i.e.). ANU is a prime example.</p>

<p>Canada: It’s well-documented that - apart from McGill - you can get easily into any Canadian university paying in full. The concept of financial aid, I am afraid, is yet to gain popularity across the border.</p>

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<p>I heard rumor of one prep school that upped it marketing in Russia to take advantage of quality students with lots of money form the privatization of the Russian economy.</p>

<p>In the US education is a business. Pay to Play.</p>

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<p>Thanks Game. Really appreciate that… :)</p>

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<p>Despite the fact that Middlebury is cutting the fin aid budget for international students, it still is one of the most generous schools when it comes to offering fin aid for foreign students.</p>

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<p>the current economy is driving me away from schools like Georgetown and Notre Dame to Mcgill or Toronto…</p>

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<p>+1 I have completely taken the US off my list
here are my options depending on what I decide to do(in order)</p>

<p>Business:
Queen’s SB (top school, top BS)
UWO Ivey (average school, good BS)
York Schulich(average school, good BS)</p>

<p>Sciences:
McGill
Queen’s
UofT
UBC</p>

<p>Arts:
McGill
UofT
Queen’s</p>

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<p>“Mexico and Canada NEVER were colonies of the United States.”</p>

<p>Eh. I guess Mexico was never really a US colony, but the Americans were able to essentially take over the entire country in the Mexican-American War, including the capture of Mexico City.</p>

<p>By indirect colonies, I’d guess that s/he was suggesting that Mexico and Canada are quite dependent on the US, as America is on its neighbors.</p>

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<p>@ talha: Talha its need-blind as in financial need has no affect on your admissions chances. Just though I’d clear that up.</p>

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<p>A friend is studying at Richard Ivey. He has attended job fairs and worked as an internee at different places. As a result, he got to talk a lot with employers. Most of them gave the most thumbs up to UWO’s BS, so it’s not just good, it’s top class.</p>