Many students dream of studying abroad. However, the common constraint that prevents them from doing so is a lack of school loans.
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The right financial support can become a good life changer by allowing them to advance in their chosen field of study.
However, the US has had lots of programs that offer international students school loans based on tuition fees, living expenses, and other academic costs.
This article explores some of these school loans to give an idea of how they work.
List Of School Loans for International Students Studying In The US
1. Prodigy Finance
Prodigy Finance is a popular choice for international students who want to further their education in the United States on loans.
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While applying from Prodigy Finance, you don’t need to get a Co-signer like other loan lenders.
This is because they understand that international students who want to apply for the loan may not have someone in the United States to co-sign the school loan.
The loans are available from over 150 countries in academic fields like business, law, and engineering.
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2. MPower Financing
MPower financing renders a benefit that is similar to Prodigy Finance.
They assist international students in such a way that they don’t also need a Co-signer or credit history for any school loans.
This organization is primarily focused on making education more accessible to all students around the world who can’t afford it.
The loans cover everything ranging from tuition fees to other academic costs.
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3. Sallie Mae International Student Loan
Sallie Mae has been helping international students secure their academic goals over the decades and they continue doing so.
This institution ensures that students get their desired course to study in any US college by giving them school loans.
However, the loan provides the requirement of a credit-worthy US Co-signer.Â
Unlike others whose payment methods are not specified, Sallie Mae has a flexible repayment term and competitive interest rate.
4. Citizens One Student Loan for International Students
This is another well-known lender that ensures that the academic future of international students is guaranteed through school loans.
To get the loans, applicants must also get a credit-worthy Co-signer residing in the US.
With flexible repayment terms and competitive interest rates, all the costs are covered with the loan.
It also offers many loan options to enable international students to choose what’s best for them.
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5. Discover International Student Loan
Discover Students Loans is another lender in the United States that comes to the aid of international students finding it difficult to pay their tuition fees.
While Discover Loans also requires a credit-worthy Co-signer from the United States, the repayment options offered by this lender are very convenient for every applicant and do not charge any fees for the application or repayment.
This school loan is best for excellent students who can maintain their GPA.
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6. Earnest Private Student Loan
Earnest Private Student Loans are known for their competitive interest rates.
The requirement for this loan is the presence of a Co-signer and there are many flexible repayment options, allowing students to choose what aligns with their budgets.
The loan application process of free which is why international students consider it as a cost-effective option.
Earnest Private Student Loans have excellent customer service and aim to help students going through financial stress.
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7. Ascent International Student Loan
Ascent International offers two types of school loans to ensure that each one may fit the preferences of every student coming to study in the United States.
The first loan option requires a credit-worthy Co-signer, while the second one does not.
While the loan covers up to 100% of the student’s expenses, it also offers a one-percent cash-back reward after graduation to give students a financial boost after studying.
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Conclusion
To sum up, these school loans are private ones and they offer the best packages for international students.
While the process may seem easier there are certain requirements students must have to guarantee a successful loan application.
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