You can find out if you are eligible and compare lenders using our loan comparison tool on this page - it takes less than 10 seconds to find out if a lender is available for you. You can then apply right online. Approval of your loan can be as quick as a few weeks. Click here to start your loan application.
We have designed the first ever international student loan comparison tool that will match you with lenders based on your needs. Simply complete a quick application and we will match you with all of the available lenders. To see which loans work for you, check out our international student loan comparison tool. With these loan options, students can borrow up to the full cost of their education, minus other aid received. Our loans help students save money, build good credit, and pay off their student loan faster.
International student loans, like all private education loans, can be used for education-related expenses including such things as tuition, books, fees, insurance, transportation, room and board and other school-related expenses.
You can apply for up to the total cost of education, minus other aid, as determined by your school. To determine your maximum loan amount, or what can be included in your loan, you will need to contact your school's financial aid office. After you apply and receive credit approval, your school must certify the amount of the loan.
Unfortunately, our loan programs are for international students from anywhere in the world studying in the United States, or for US students studying abroad. We do not currently have a program for international students studying elsewhere in the world, even with a US co-signer.
The only exception to this, currently, is Canada. International, US and Canadian students are eligible to apply for a loan without a cosigner for their education at certain Canadian schools.
Unfortunately if there are no lenders that appear after you do the comparison tool, then we do not have a loan program for the school. Our best advice is to contact your school, as they should know if there are any loan programs available to their international students.
The interest rate and repayment will depend on the loan option and lender you select. After you select the loan that works best for you, you will need to review the terms or contact the lender directly with your questions. If your loan requires a cosigner the interest rate is calculated based on an index plus a margin that will add an additional percentage interest rate depending on your cosigner's creditworthiness. Based on their creditworthiness, an additional interest rate will be added to the index which will be the total interest rate you owe and at that point you can determine whether you'd like to proceed. Every lender's range varies so it is important to do the loan comparison and review the interest rate and repayment terms.
A co-signer is required for many international student loan programs. When required, the co-signer must be a US citizen or US permanent resident, with good credit, who has lived in the US for the past two years. Non-US citizens or non-US permanent residents cannot act as a cosigner. Although we are not able to assist with finding a co-signer, it is common to ask close friends or family members. Students attending select colleges and universities in the US or Canada and who meet specific criteria are able to apply for a loan without a cosigner. If you do not have a cosigner you will want to see if you're eligible for a no-cosigner loan by using our international student loan comparison tool.
While you can begin the loan application prior to being accepted to your school, you will need to be accepted with your student visa to finalize the loan.
Some students are able to use loan approval as proof of funds, but it's not easy and it's up to the school and consular officer if they'll accept a loan approval as proper funds. You would need to apply for the loan now, list the school you plan to attend, get initially approved, then use that initial approval to complete your acceptance to the school.
Typically you need to be admitted and enrolled, and have your visa, in order to apply. Some students are able to use loan approval as proof of funds, but it's not easy and it's up to the school and consular officer if they'll accept a loan approval as proper funds. You would need to apply for the loan now, list the school you plan to attend, get initially approved, then use that initial approval to complete your acceptance to the school.
You will also have to provide a valid student visa in order to finalize the loan. After you apply and receive credit approval, your school must certify the amount of the loan. The proceeds are then disbursed directly to the school.
If your school does not appear on our eligible school list, then we unfortunately do not have a loan program for you. We recommend contacting your school directly as they may know if there are any loan programs available to their international students.
No. You may apply for an International Student Loan at any time.
Yes. You can reapply each academic term for a loan.
Federal student loans are popular with US students in the USA, but they are not available to international students. International Student Loans are specialized private education loans that are available for international students who are studying in the USA or Canada. International students will have to apply with a qualified co-signer most of the time and should only apply for international student loans after exhausting all scholarships, personal funds and other options. If you're not able to find a cosigner keep in mind that loans without a cosigner are available to students at select colleges and universities.
Lenders that require you to have a cosigner will typically give better terms for better credit history, so when you apply find a co-signer with the best credit history to improve your rates and fees.