International Student Financial FAQs

Written by: Guest Writer

3 min read | Published: December 4, 2025

Three students wearing backpacks look at a textbook and one points to it.

Once you arrive in the United States as an international student, you may have a lot of questions. It’s important to prepare ahead of time and identify what you’ll need to be successful. Continue reading to learn the answers to some frequently asked questions that impact your financial wellness so you can feel equipped as you begin your next chapter.

Can international students obtain a Social Security number?

Students who are granted employment authorization from U.S. Citizenship and Immigration Services may need a Social Security number. Talk with your designated school official (DSO) to get help acquiring a Social Security number. If you plan to work, having a Social Security number before applying for a job could be useful.

Can international students earn income while in the United States?

Yes, F-1 students can work in the U.S., although there may be limited work opportunities available. F-1 students are international students who pursue academic studies and/or language training programs according to U.S. Citizenship and Immigration Services. F-1 students may be eligible to work on the campus of their college or university or may have other employment options. M-1 students are international students who pursue nonacademic or vocational studies. M-1 students are ineligible to work in the U.S. To determine what work opportunities are available to you, speak with your DSO.

Do international students need to pay income taxes in the United States?

According to the Study in the States page of the Department of Homeland Security’s website, you must pay taxes as an F-1 or M-1 student if you have:

Income from wages unless the income earned does not exceed the personal exemption amount.
A taxable scholarship or fellowship.
Income from stock options.
Lottery or gambling winnings.
Other types of nonwage income.

The following is not considered taxable income in the United States for F-1 or M-1 students:

Foreign sources.
Interest income from a U.S. credit union or bank, savings and loan institution, or insurance company.
A tax-free scholarship or fellowship.
Certain types of tax-free investments.

Can international students drive in the United States?

F-1 and M-1 students and their dependents may be eligible to drive a motor vehicle while residing in the U.S. However, those who wish to do so must successfully apply for and receive a driver’s license. To acquire a driver’s license, you must apply for one at your local Department of Motor Vehicles. Be aware that some places have a different name for the Department of Motor Vehicles — such as the Secretary of State — so you may need to visit your state’s official government website to find out where to apply for a license.

Do international students need health insurance while studying in the United States?

F-1 and M-1 students have the responsibility to purchase health insurance for themselves and their families (if applicable) while studying in the U.S. If your school is certified as a Student and Exchange Visitor Program (SEVP), they may provide health care during your studies. For example, Michigan State University and Oakland University are both SEVP-certified, although requirements and fees associated with health coverage differ from school to school. You should speak with your DSO to find out what health insurance fees to expect and what options to consider.

Takeaway Tips

Once you arrive in the United States, it’s important to check in with your college or university and attend an orientation if they offer one. Next, ensure your tuition is paid and you are enrolled in your required classes for your program of study. Don’t forget to get a student ID, so you can access buildings on campus and unique student services and discounts. Apply for a Social Security number if you’re approved to work off campus while studying in the U.S. Look into your health care coverage options and apply for a license if you plan to drive while in the country. Utilize campus resources and your DSO to ensure you have everything you need to be successful. Lastly, make the most of this time by enjoying new experiences, asking questions and meeting new people!