How Our International Student Loan Comparison Tool Works
If you are an international student or study abroad student and you’ve decided to apply for student loans, then you
are on a fast track to getting financial assistance to fund your education overseas. Whether you need help covering
the full cost of your education, or if you are just looking for some extra help to cover the gap, we can help you
find your student loan with our International Student Loan Comparison Tool.
Applying for a Student Loan
Here’s how our international student loan comparison tool works. This first ever international student loan
comparison tool will match you with available lenders that work with international students at your college or
university. The whole process can take approximately 14-60 days depending on when you apply so be sure to get
started early. The good news is that you can apply for an international student loan throughout the year.
Complete the student loan comparison questions
To use our student loan comparison tool, you will need to select your citizenship and school from the drop-down menu
Evaluate your loan options
After answering these questions, you will be matched with a list of lenders depending on the school you attend. You
may have a number of lenders that you can evaluate and see which of your options best meets your needs.
Select the student loan to apply
All of our lenders allow you to apply online for your international student loan. To begin, click the “Apply Online”
button that will take you directly to the loan application process.
Complete the loan
The loan application process will vary depending on the lender’s application process. You can borrow up to the full
cost or your education, minus other aid that you’ve received. If you will have a cosigner on your loan, you will
need to have them complete their part of the application process as well.
Be sure to have the necessary paperwork at your fingertips including your social security number (if applicable),
driver’s license (if applicable), employment information (if applicable), list of references, as well as your
cosigner’s information and their email address.
In most cases, once you have applied for a student loan you will be notified within minutes about whether you are
automatically eligible. Depending on the lender, this can take up to 48 hours
Complete Additional Documents
Once your loan has been reviewed, you will be asked to sign additional documents to finalize the loan. You will
receive a document called the Truth in Lending Disclosure which is provided to you by law and will need to reviewed
and signed before any funds can be disbursed. Your lender can also ask for your choice of repayment before
finalizing the loan.
Approval and Finalizing
When your application has been approved, you will need to sign both the Self Certification Form and Master
Promissory Note to finalize the loan. This is typically done right online to certify that you agree to the terms and
Once the lender has approved your application and you’ve agreed to the terms, your school will be contacted to
certify the loan. This includes verifying eligibility, that you are enrolled at the institution, and that you are
not taking out additional funds beyond the total cost of your education. At this step, you will not need to do much
as this is handled between the lender and your school.
Disbursement of Funds
Once your school certifies your loan, the funds will be sent directly to your school within a few days. Your school
will need to process payment and get the money out to you. Contact your Financial Aid office to learn more about how
and when your school will disburse payment.