Sources of Money 10: The Institute of International Education

Tuesdays we review a source of financial aid available to help you pay for college
Michael qualified for 148 scholarships according to the search engines. He used the steps we teach to apply for nine of them. He received $47,000 when he earned 7 of the 9. He stopped applying because he Felt that he had enough money to pay his tuition. Unfortunately, Michael—like a lot of high school students—failed to consider all the costs to attend college: books, lab fees, food, transportation, computers, and more. We encourage you to avoid Michael’s mistake. Consider all the expenses associated with college and get all the money you can.

Advantages of the Institute of International Education

The Institute of International Education (www.iie.org) states that their mission “is to advance international education and access to education worldwide.” They accomplish this, in part, by “managing scholarships, training, exchange, and leadership programs.”
The institute, founded in 1919, claims to be “among the world’s largest and most experienced international education training organizations.” Managing scholarships remains only one of the institute’s purposes.
They state “IIE is at the forefront of increasing the number and diversity of Americans studying overseas, encouraging study in places of growing strategic importance to the United States, and helping U.S. students gain skills to succeed in a global economy and interconnected world.” Most of their scholarships will help Americans study abroad.
They manage several programs including:

• Educating Global Citizens: David L. Boren, Gilman, and English for Heritage Language Speakers Scholarships
• Science and Technology Awards: Global Engineering Education Exchange, Whitaker International Fellows and Scholarships Programs, Whitaker International Fellows and Scholars Program, and KAUST
• Creating Mutual Understanding: Fulbright Scholar, US Student, Foreign Student, and Foreign Language Teaching Assistant; and the Hubert H. Humphrey Programs
• Managing Corporate Scholarships: GE Foundation Scholar-Leaders, Baker Hughes Scholars in Angola, Alcoa Foundation Technical Education Support in Russia, The SMBC Global Foundation Asian Scholarship, and ExxonMobil Scholars Programs

Disadvantages of the Institute of International Education

They limit service to Americans who want to study abroad, or foreign students.
Thursday we review how to use your reusable master application for other purposes