Although a cosigner is typically required by most lenders, international students attending certain colleges and universities in the US and Canada are able to apply without one. If you're not able to find a cosigner then this type of loan could be a good option for you.
When approving an international student loan without a cosigner, instead of looking at a borrower's credit history, the lender will look at their academic success and career path. A few factors they will take into consideration include your home country, graduation date and what school you attend.
Private international student loans are offered through non-government lenders. There are a number of private lenders that offer loans for international students, each with their own eligibility requirements. However, only select lenders offer no cosigner loans to international students, and undergraduate student loans without a cosigner are more difficult to find than those for graduate students.
Before choosing a lender, it's important to do your research and find a lender that will offer you a loan that meets your needs. You can use our international student loan comparison tool to get information from the student loan companies that work with international students in just a few clicks.
You might be interested in applying for a credit card in the U.S. or working on an F1 visa.
Learn about Social Security Numbers & International Student Loans.
Find out about the Private Student Loan Application Process for International Students.
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