Affording international study is not within everyone’s reach. Hence, getting international student loans can help foreigners pursue study abroad.
Let’s see the process and other details pertaining to International Student Loans—
Why international student loans—It is a fact that pursuing study overseas is going to be a costly affair for any foreign student/international student. So, it is here that funding one’s study in any foreign nation becomes affordable by getting international student loan.
International student loans—There are different international student loans available for foreign students. The truth is that foreign students can get up to almost full cost of their overseas education.
Thus foreign student loans or international student loans enable foreign students in big savings, building good credit and ultimately paying off their international student loans at the earliest possible opportunity.
Eligibility for international student loans—Do you wish to know whether you are eligible to apply for international student loans? Well, here we are providing the details of the eligibility requirements for making an application for international student loans.
Foreign students who are neither US citizens nor non-citizen US permanent residents and also happen to be attending a recognized US university or a US college can make an application for an international student loan.
But, if you satisfy the requirement of not being a US citizen/non-citizen US permanent resident but are not attending a school or college within the US, then you don’t have the eligibility of getting loans.
In addition, as a borrower of international student loan, you must also have some creditworthy co-signer and such co-signer needs to be either a US citizen or a US permanent resident.
Use of international student loans—Well, foreign student loans, or international student loans are meant to be used for paying tuition fee, other fees, buying books, paying transportation costs, insurance, room expenses, boarding and other expenses related to education in a foreign nation.
Maximum amount of international student loans—The maximum amount of international student loans is the total education costs.
This figure must deduct any amount you get as aid and needs to be ascertained your school.
The best thing is to contact the financial aid official of your school for getting the exact information. The school needs to certify the loan amount once you make an application and get credit approval for your loan amount.