If you are a US student planning on earning a degree at a foreign institution, there are several things you will need to know before applying for financial aid. Eligibility requirements, the application process, and school requirements are just a few of the things you need to look into before beginning the financial aid application process.
In order to be eligible to receive federal student aid for attendance at a foreign school, there are several requirements you must meet. Students must be US citizens, permanent residents, or eligible non-citizens.
You must be enrolled as a “regular” student in an eligible program at an eligible foreign institution. A “regular” student is defined as a student who is enrolled—or accepted for enrollment—for the purpose of obtaining a degree, certificate, or other recognized educational credential offered by the school. Schools must determine separately for each individual student whether or not that student is a regular student.
You must also be qualified to study at the postsecondary level. This means that you must have a high school diploma, a secondary school completion credential, or its recognized equivalent. Equivalents include General Education Development tests, state certificates, and secondary school completion credentials from foreign schools. Students who are enrolled in foreign schools cannot qualify by taking an “Ability-to-Benefit” Test.
Other requirements that you must meet in order to receive aid include:
Federal student loans that are available for foreign enrolled students include:
Private loans include:
Not at foreign schools offer federal financial aid. The school in question must be accredited by an agency recognized by the US Secretary of Education and be eligible to participate in federal student aid programs. Federal financial aid is only available to students attending eligible institutions. You can find a list of currently participating schools here by searching “foreign country.”
If your school does not participate in the federal program, you are also not eligible to apply for private student loans. Schools must be approved by the Department of Education to offer the private student loans listed above.
The first step in applying for a federal student loan is to complete and submit the Free Application for Federal Student Aid. You can fill this out online at www.fafsa.ed.gov. Next, you will receive your Student Aid Report (SAR). It is recommended that you wait one or two days after filing the FAFSA, then call the Federal Student Aid Information Center at (800) 4-Fed-Aid (433-3243) and ask to have the hard copy of your SAR mailed to you. Explain that you are attending a foreign school that does not have electronic access to SAR data so you will need to send the hard copy to your school once you receive it. When you receive your SAR, keep a copy for yourself and send the original to your school’s financial aid office for review. Then you can begin the loan application process.
Use this comparison tool to find the right international student loan, study abroad loan, or foreign-enrolled loan for you.