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Study in the USA Private Student Loans
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Borrow up to the true cost of your education
- Fast eSignature process
International students in the USA face a difficult challenge when paying for college. Typical financial aid programs available to US students are not available to international students. We offer the International Student Loan Program as an alternative for these students.
Whether this is your first year in college or your last, you are bound to have "surprise" expenses that you did not factor into your educational cost planning. Student computers, software, books, and last-minute tuition hikes — An international private student loan is a flexible supplement to your student aid package to help cover nearly any expenses not met by your existing aid package. With an easy international student loan application process, flexible repayment options, and competitive interest rates, we hope to help you achieve your college education goals with our private student loans.
Apply now for a International Student Loan
Study in the USA Private Student Loans Require a Cosigner
Our international student loans require you to have a US cosigner. In some cases the cosigner can be released from the loan after a certain amount of on-time payments. If the cosigner is not released, they will remain on the loan until it is paid in full. A qualified cosigner must be a US citizen who is living and working in the US. Try to find a cosigner with good credit as it will improve your chances of being approved and may result in a lower interest rate.
Study in the USA Private Student Loans Benefits
- Defer payments until after graduation2 - Six-month grace period while you find a job
- Borrow up to the annual cost of attendance minus financial aid received
- Generous repayment terms
- Students may be eligible for a 0.25% interest rate reduction by signing up for Direct Debit when they begin paying on the loan
- Rates are variable, and can be based off the Prime rate or the LIBOR rate plus a margin for credit 1
Study in the USA Private Student Loans Eligibility
- Must be enrolled at least half-time at an eligible school
- Must be a U.S. citizen or permanent resident or have a cosigner who is
- Applicant must be the legal age of majority or at least 18 years of age with a cosigner who is legal age of majority*
- All borrowers will need a US cosigner. Some loans require a cosigner in order to apply. Typically, you and your cosigner must both pass a credit check in order to be approved for a private student loan
Apply now for a International Student Loan
* The legal age for entering into contracts is 18 years of age in every state except Alabama and Nebraska (19 years old), and Mississippi and Puerto Rico (21 years old).
1 LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes.
The Prime rate is a "reference or base rate" that banks use to set the price or interest rate on many of their commercial loans and some of their consumer loan products. The prime rate tracks fairly closely with other short-term interest rates, such as the overnight federal funds rate. Your variable interest rate and Annual Percentage rate (APR) may be higher depending your credit history and will increase or decrease if the Prime rate changes.
2 Interest will continue to accrue while your payments are deferred, and it will be capitalized (added to your principal loan balance) when repayment begins.
