Boro International Student Scholarship
CHICAGO, October 31, 2018 -- Boro, a digital-first lending platform committed to providing financing options for underserved college students, will close its scholarship program in 4 weeks. The scholarship program is available to international undergraduate and graduate students who are studying and living in the United States. Scholarship recipients can use their funds to pay for books, room and board, and other school expenses.
To apply for a Boro scholarship, students are encouraged to submit application materials using the company's online form which can be found on the website. The deadline for Fall 2018 is November 20. Each successful applicant will receive $2,000.
Deserving Students Can Struggle To Get Loans For School
Traditional banks require a social security number as well as a cosigner to apply for student loans. Young borrowers often have little credit history and the rising cost of education can strain family budgets. Scholarships and other financial aid help bridge the gap so families can pay for tuition and other expenses.
Boro Can Also Help International Students Finance Their Education
Boro has a history of loaning to underserved communities. As Hao Liu, CEO and co-founder of Boro explains, "We understand the painful process of finding scholarships, and international students often meet a lot of restrictions during the process; they are given very few options. We started this program designed for international students to assist their studies and live in the U.S."
An Undergraduate Or Graduate Degree Can Boost Lifetime Earnings
While the cost of obtaining a degree in the United States has risen, the value of obtaining a degree has never been greater. College graduates and those with graduate degrees enjoy a significant salary premium over those without degrees, especially in STEM (Science, Technology, Engineering, and Math) roles. Getting a personal loan for student expenses can be difficult but the investment is absolutely worth it.
Students who aren't sure how to pay for expenses in college need to check out Boro. Boro is a leading consumer financing platform for college students to get the auto loans, leases, and personal loans they deserve--all while helping to build credit. At Boro, we are committed to providing affordable and convenient financing solutions to those who are denied credit by traditional lenders. By leveraging alternative data and machine learning techniques, we are revolutionizing the consumer financing industry.
