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
All loans are not created equal so we developed an easy to use comparison tool to help users find the option that works best for their situation. After you select your citizenship and school, the tool returns a list of lenders that will work for you. Compare the different terms and conditions, choose the lender that works best for you, and apply online.
Because international students do not build up a credit history in the US, most lenders require them to have a US cosigner. A cosigner is a person who can legally sign loan papers or documentation to help the other person obtain a loan. The cosigner must be a US citizen or permanent resident, with good credit, income history and who has lived in the USA for the past 2 years.
he cosigner makes a legal agreement to be jointly responsible for the repayment of the loan if the borrower should fail to pay their debts in a timely manner. Some lenders will not require a cosigner if you
meet specific criteria including attending an eligible school, demonstrate high career potential, and plan on graduating within the next two years.
You can use our loan comparison tool to see if you're eligible to apply for a loan without a cosigner.
We have compiled additional information specific to various nations on our country pages, including conversion rates and inbound student statistics.
Typically students can borrow up to their school's total cost of attendance, as determined by the school, minus any other aid received. “Total cost of attendance” includes tuition, room and board, books and supplies, personal expenses, and transportation.
International student loans typically also offer:
Repayment terms will depend on the lender and loan option you choose. This is an important feature of a loan since most students cannot work while they study in the United States. Because of this, it is important to consider how much the monthly payments will be, when payments will begin, and how long you may be able to defer paying back the loan. The repayment period typically ranges from 10-25 years, however the larger the loan the longer the repayment period.
There are some common repayment plan options depending on the loan you select:
Students are able to defer payment of the interest and principal until 6 months after graduation as long as full-time status is maintained. Students can defer payments for a maximum of 4 years consecutively which is the typical length of a degree.
You only pay the interest while still in school, for up to 4 consecutive years of full-time study, and can defer the principal until 45 days after graduation. You may have to start repaying the principal immediately if you drop your course load to part-time.
Payments on both interest and principal are due immediately once the loan has been issued and disbursed.