Overseas healthcare internships can be an excellent way for newcomers to get practical experience in the medical field. These programs can potentially enhance their knowledge and understanding of this course and expose them to great opportunities. Not to mention, these can also help launch their careers in the health industry.
However, while beneficial, most healthcare internships abroad may cost a lot of money. Apart from the program fee, housing and other living expenses are usually not included. Fortunately, there are some ways you can opt to fund them.
So, if you're considering doing an internship but need help with the finances, you may consider one of these five options.
1) Research College Financial Aid
If you're attending a college or university, they would likely have some scholarship or financial aid programs available. To start, consider checking with your college office what are the available financing options and try to apply.
Furthermore, some of those in your department can also help you by referring you to other sources of funding at the school they know and advising which organizations are most likely to offer support for students doing overseas internships like yours. You may need to do some digging, and it may take some time, but it can be worth the effort if you can secure this funding.
2) Check For Possible Outside Scholarships
Outside scholarships can also be a great option to pay for your internship. You may be eligible for scholarships offered by your school, by the country you will be interning in, or even by an organization hosting you. But aside from those options, it could also be helpful to look into external sources such as local community organizations or businesses that could offer financial assistance for scholarships.
However, one thing to remember with these types of scholarships is that they often require proof of acceptance into the program before awarding funds, including confirmation from the employer.
3) Apply For Bursaries
Bursaries are another form of fund assistance you may opt for. They are usually awarded based on merit or financial need from the university, government, or a corporation.
The amount awarded may vary depending on each case. However, most bursary programs award money based on specific criteria set by the organization or institution. These can provide funding opportunities for students who need assistance paying off their tuition costs while completing college courses abroad or doing overseas medical internship programs.
Bursaries may be awarded for a period that depends on what the student needs help with. In some cases, miscellaneous things such as room and board, books and supplies, transportation costs to and from school (if applicable), and other living expenses may be included.
4) Explore Internship Grants
Grants are a form of financial aid where the money you can get will be used to pay for educational expenses. Generally, the amount may vary depending on factors like financial need, duration of the internship, and working hours. Some schools may offer grants that can cover all or part of their medical internship fees abroad, including other living expenses. But there may be a condition that recipients must meet specific requirements, like maintaining certain grades or having enough course credit during the course of the internship.
5) Apply For Student Loans
Student loans are one of the most popular forms of financial aid. If you qualify, student loans can be a great way to help cover your medical internship abroad costs. In some cases, student loans don’t need to be paid back until after you graduate from college or stop attending school. The bad news, however, is that you will have to pay them back eventually, and there may be additional fees involved for not paying them on time.
There are two types of student loans you can choose from, federal and private loans. Some companies or institutions may require proof that you're enrolled at an accredited university, so it is best that your program meets this requirement before applying for any student loan options. In addition, you may also want to know what interest rate they charge and how much money they allow students to borrow.
It's important to remember that financial assistance options are not limited to just one type of funding. There are many ways that you can financially support yourself while working towards your goal of being a healthcare professional. As such, consider looking early to find the best solution that works for you.
An internship can be a good indicator of your medical experience. But sometimes, it can be costly. However, you don’t have to worry about not being able to pay for your internship. The options above can guide and inspire you to go after your dreams of working in the healthcare industry overseas.