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Show MowdAy, OiroiwcU Paqe Focb FEbRty 22, lOjg Money difficulties plague international students Exchange rates, government limits often leave them on tight budgets By Dennis Romboy Chronicle staff writer The devaluation of foreign currency in the United States poses financial problems for many international students attending the University of Utah, a U. administrator says. "Some (students) are caught in the world economic flux," William Barnhart, director of the U. International Center, said. Although the value of the dollar is shrinking worldwide, he said, the picture is more severe for foreign currencies. "The problem is compounded by the fact that in many countries, it is difficult to obtain U.S. dollars, v . even ISr;:A- are placed on citizens of democratic governments, as well as autocracies. "Unfortunately, the university does not have emergency funds available," he said. Only 15 percent of the U.'s foreign students ed money. Another expecting to exchange their cash for equal value, but find out it is not worth as much as they had thought. The problem is compounded by the fact that in many countries it is difficult to obtain U.S. dollars, Barnhart said. Some students resort to exchanging their, currency for American cash on the black market, which makes it worth even less, he said. But having little cash is better than having c . exchanged it all for American dollars. At the airport in her country, Barnhart said, customs officials took the money from her, saying such a large sum of American cash could not leave the country. She arrived at the U. with less than $ 100, he said. Barnhart said these types of restrictions family-support- especially; true fo r Third Wq r Id an d ; developing Batioris, Barnhart jaid. He said those studehfs come here iyfZ " college expenses. Before leaving, she percent Their money "suffers drastic reduction is compared with the dollar,? he said. It a ux:. no cash, which is the case when some international students arrive in the United States. "Some countries restrict the amount of money someone can take out," Barnhart said. Barnhart said he recently met a student from a developing nation who had saved enough money in her home country to cover William Barnhart, director of the International Center, said. Some students resort to exchanging their receive financial assistance from U.S. sources. currency for American cash on the So students arriving with little or no black market, which makes it worth cash 70 of whom are self- - or less. " 1 15 Chronicle photo by Marc Barkdull Foreign students attending the University of Utah often find themselves in economic hard times caused by the devaluation of currency and restrictions on the amount of money a person can take out of the country, William Barnhart, director of the U. International Center, said. must send home for percent, who are funded by their countries, must make formal requests to their home governments. In hddition, UrS. goverment restrictions prevent foreign students from working in their Jirst year oj college. If they arrived with limited funds, this adds to already tight ;,'. delays in tuition payment. But it's not always easy to obtain the necessary funds in time to meet payment deadlines, he said. Some countries only allow requests for money once per quarter, even though the student's family may be providing that money. The same limitations on cash leaving the country apply, Barnhart said. "It's . To help students in that situation, Barnhartsaid, he can arrange temporary very frustrating to those of us accustomed to free and easy access to our own money," Barnhart said. He explained it can take up to several , months for students to receive the money they need to support themselves. Tuition increases present another problem because foreign students can request a change in funds only once a year due to restrictions on cash allowed out of the country. In addition, U.S. goverment restrictions prevent foreign students from working in their, first year of college, Barnhart said. If they arrived with limited funds, this adds to already tight financial constraints. We've Raised Our Standards ALL ELECTORS (STUDENTS) Don 7 forget to vote "Yae" or "Nae" on the proposed ASUU Constitutional Amendments February 24 and 25, 1988 Mariot Library, Ball if Hall: 8 a. m. 9 p.m. Univ. Union. 8 a.m. 7 p.m. Eccles Library 8 a.m. 6 p.m. Student Services and Univ. Village (ECC) 8 a.m. 5 p.m. Copies available in ASUU office University Union North Wing We're looking for Soph mores interested in Aviation, Nuclear Power, Ship Command. 2,3 and 4 year programs are available in both the college programs. Freshmen may enroll directly into our program. attend a 6 week paid summer school in Newport, credit hours or enroll directly. Marine Corps or scholarship and Sophmores can R.I. and earn 13 Successful applicants will have at least a: -- -- hardworking, above average Freshmen and -- -- - 1J2.5GPA 2. ) taken 10 hours of math by the end of their sophmore year (calculus req. for scholarship) 3. ) Meet age requirements 4. ) Be in good physical condition and pass rigorous health exam. If you have the desire to excel I and can meet these requirements 3 call or stop by room 107 of the Naval Science building. Ask for Lt. Wilsey. 581-672- DRUG AWARENESS DAY K 9raduated high school, you drove a $12,000 car to the "U" lel Vou drlve a $200,000,000 ih?n or fly a $35,000,000 airplane! YSU STOPP-Cott- age Program Big Brothers, Big Sisters of Salt Lake Community Counseling Center Counterpoint Center CPC Olympus View Hospital Family Alcoholism Counseling Services Utrah Alcoholism Foundation New Horizons Odyssey House of Utah Parksite Recover Center Cocaine Film Speaker: Robert Boswell, Associate Director of Cottage Program International, Inc. 12:30 Wed. 224 8-- 5 West Ballroom, University Union Haight-Ashbur- y PLEASE DONf SMOKE! |
