As an International Students you will no doubt find your experience at an American college exciting. Along with the excitement of learning in a new and different environment can come confusion. One thing many International students are often confused about is money. The American monetary system is different from the system you are used to in your home country.
One basic source of confusion is the exchange rate, how much your money is worth in American money. There are a few simple steps you can easily employ to reduce this confusion.
It is helpful to be in contact with your college in the USA as soon as you have been accepted.
Your first concern is how to pay for your education at that school.
Your best source for this information is the international student
information office. You may contact by phone or e-mail.
Ask the international school
office how you can deposit your funds in your country's currency. If your country's currency is other than American dollars this may not be possible. Therefore you may need to find a currency exchange or broker to forward your funds from your country to your school. This broker is a business and they will charge you a fee for this exchange. That is why it is important to find out how to pay for your school as soon as you are notified of your acceptance. Acting promptly could save you money.
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