Answer a few simple questions and click "Find My Loan"
Review your list of student loan lenders and compare the terms
Select the student loan that meets your needs and start the online application
The most economical way to fund your international education is to borrow as much as you can on Federal Student Loans - so make sure you complete your FAFSA and get your federal funding.
Typically, you will need more financial assistance than is available through the Stafford Loan Program, and if this is the case for you, you can borrow the remaining funds from a private lender.
You can use our comparison tool or check our list of eligible schools to see if your chosen school is eligible for a foreign enrolled loan. If your school is listed, you will be matched with lenders that offer loans that meet your requirements.
Checking eligibility takes less than 10 seconds using our tool, and if you’re matched with a lender you can complete the entire process online.
Most lenders will provide initial approval within a few weeks or less.
To qualify, you will likely have to provide the lender with proof of your enrollment in the form of an acceptance letter or transcript from your university
You can apply for an international student loan for up to the total cost of your education which includes tuition, room and board, living expenses, books, etc.
A cosigner is not required for a student loan, but is strongly recommended. There are very few students who have good enough income or credit history to qualify without a cosigner, so we recommend that everyone apply with a cosigner to increase your likelihood of being approved - and obtain a more favorable interest rate based on the creditworthiness (credit history) of your cosigner.
The cosigner must be a US citizen or permanent resident, with a good credit score, income history and who has lived in the USA for the past 2 years.
Your cosigner must be aware that their credit history and score will be reviewed by the lender. Upon the loan's approval, the cosigner's credit history is updated to reflect that they have cosigned on a loan. They will be responsible for payment of the loan should the primary borrower (you) not repay the loan.
You can compare lenders and apply for your international student loan right online. Approval of your loan can be as quick as a few weeks. Click here to start your online application.
Who is eligible to apply?
You must be
No. The school must be accredited by an agency recognized by the U.S. Secretary of Education and be eligible to participate in federal student aid and federal loan programs. Federal financial aid is available only to students attending eligible institutions.
No. Schools must be approved by the Department of Education to offer the private student loans listed above.
First, complete and submit the FAFSA. You can fill out the FAFSA online at www.fafsa.ed.gov.
We recommend that you use as much federal funding as possible before seeking a private foreign enrolled loan.
You may apply for a private loan at any time, though - whether you have already completed the FAFSA, or if you missed the FAFSA application deadline, or even if you simply chose not to complete the FAFSA.
Begin the loan application process here.
Disbursement dates are set by the school in accordance with federal regulations. The first disbursement date on a federal loan cannot be any earlier than 30 days before the first day of the loan period.
Funds will be disbursed to the school, unless they request otherwise. (Some institutions are required to delay delivery of federal funds to first-year undergraduates who are first-time borrowers.)
International students need to know about important federal regulations affecting the transfer of money abroad. The Currency and Foreign Transactions Reporting Act restricts the total amount of endorsed checks that are transported into or out of the United States. You can find out more at www.fincen.gov/resources/statutes-regulations
Foreign Enrolled Students can apply for up to the total cost of your international education, minus other aid you are receiving in the form of scholarships etc., as determined by your school. To determine your maximum loan amount, or what can be included in your loan, you should contact your school's financial aid office.