Surprised to know that being an international student you can still avail a student loan? Learn more about the lenders, criteria and other requirements to avail an international student loan with and without a cosigner in the United States.
Education in the United States is not an easy affair. Financial aid is essential in funding one’s education in the United States. Student loans are available for international students. Though international students cannot take up the different types of aid that are available for US residents, several other resources are available for them to achieve their goals. The different types of loans available are as given below.
International student loans US citizens can make use of the FAFSA that is available for them to learn about the various financial aid resources. Federal loans that are included under the federal assistance, does not include everything under one approach.
According to the Institute of international education, 73% of the international US students rely on resources outside the country in order to finance their education. The funding can come from the student’s own family members, home country government or university, personal funds and more.
Depending on the lender, the eligibility requirements and the process of the financial aid varies. Some lenders insist only on a student visa, whereas few others want a US Cosigner. Therefore it is necessary to find out the sources of financial aid and the application process of each of the programs.
International student loans with a cosigner
The eligibility requirements looked upon by most no-cosigner student loans include the duration until your graduation, the career potential, attending a school on the approved list and more.
Each lender has his or her own eligibility criteria. Read More