If you are dreaming of studying in the United States but you are worried about the high costs of tuition and living expenses, you might want to consider applying for the OAS Scholarships – Rowe Fund 2024 Student Loan program. This program is a golden opportunity for students from Latin America and the Caribbean who want to pursue their undergraduate or graduate studies at accredited U.S. universities.
The Rowe Fund program is a unique initiative that offers interest-free loans and supplementary scholarships to eligible students who demonstrate academic excellence and financial need. The program is administered by the Organization of American States (OAS), a regional organization that promotes cooperation and integration among its 35 member states. The program aims to foster the development of human capital and the exchange of knowledge and culture in the Americas.
The Rowe Fund program is funded by the OAS and the Leo S. Rowe Pan American Fund, a trust fund established in 1948 in honor of the former Director General of the OAS. The contributions of the OAS member states, the Rowe Fund beneficiaries, and other donors support the program. The program is managed by the Department of Human Development, Education, and Employment of the OAS.
The Rowe Fund program is open to students from 32 eligible countries in Latin America and the Caribbean who are enrolled or accepted in the last two years of their undergraduate or graduate studies at accredited U.S. universities. The applicants must hold a valid F or J visa and must not have dual citizenship or permanent residency in the U.S. The applicants must also have a good academic record and a clear study plan.
The Rowe Fund program is hosted by the U.S., a country that offers a diverse and high-quality education system, as well as a vibrant and multicultural society. The U.S. is home to some of the world’s top universities and research centers, as well as a wide range of academic disciplines and programs. The U.S. also provides ample opportunities for professional and personal growth, as well as cultural and social enrichment.
The Rowe Fund program provides interest-free loans of up to US$15,000 per academic year, which can be used to cover the costs of tuition, fees, books, health insurance, and living expenses. The loans are repayable within a maximum period of 15 years after graduation, with a grace period of six months. The program also offers supplementary scholarships of up to US$2,000 per academic year, which are granted competitively and do not need to be repaid.
Level and Field of Study
The Rowe Fund program is available for undergraduate and graduate level studies in any field of study, as long as a recognized U.S. agency accredits the chosen program and is related to the development needs and priorities of the applicant’s home country. The program supports students in the last two years of their studies, meaning the applicants must have completed at least half of their degree requirements before applying.
How to Apply
The application process for the Rowe Fund program consists of two steps: an online application and an interview. The online application requires the submission of the following documents:
- A completed and signed application form
- A copy of the passport and visa
- A copy of the acceptance letter or proof of enrollment from the U.S. university
- A copy of the transcripts and diplomas from previous studies
- A detailed budget and financial plan
- A personal statement and a study plan
- Two letters of recommendation
- A certificate of proficiency in English (if applicable)
The interview is conducted by the Rowe Fund staff via phone, Skype, or in person, depending on the availability and location of the applicant. The interview aims to assess the applicant’s academic potential, motivation, and financial need.
Countries that can Apply
The Rowe Fund program is open to students from the following 32 countries in Latin America and the Caribbean:
- Antigua and Barbuda
- Costa Rica
- Dominican Republic
- El Salvador
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- The Bahamas
- Trinidad and Tobago
To be eligible for the Rowe Fund program, the applicants must meet the following criteria:
- They must be citizens of one of the 32 eligible countries in Latin America and the Caribbean and must not have dual citizenship or permanent residency in the U.S.
- They must be enrolled or accepted in the last two years of their undergraduate or graduate studies at an accredited U.S. university.
- They must hold a valid F or J visa and must comply with the immigration regulations of the U.S.
- They must have a good academic record and a clear study plan that is related to the development needs and priorities of their home country.
- They must demonstrate financial need and a realistic budget and financial plan.
- They must agree to return to their home country after completing their studies and to repay the loan within the established terms and conditions.
The Rowe Fund program accepts and reviews applications year-round, but the applicants are advised to apply at least six months before the start of their academic program. The applicants can expect to receive a response within four to six weeks after submitting their application.