Students who choose to study abroad will likely find that the
expenses will add up fast. With tuition, books, transportation, and living
expenses, study abroad students may find that after all their financial aid,
they still need more money to cover their expenses.
If you’ve maximized your scholarships, grants, and federal
loans, then you may consider applying to private study abroad loans that can
help you cover the costs. Our loan comparison tool will allow you to compare
loans and find the loan that’s suitable to meet your needs – and you can apply
right online.
Understanding the
Loan Process
As a study abroad student, you can apply for our loans anywhere
in the world. Use our compare student loan tool to begin the process:
1.
Complete the student loan tool where you’ll be matched with
lenders
2.
Evaluate which loan option works for you, and apply right online
3.
Your loan will be evaluated and if approved, will need your
school’s authorization
4.
You will need to sign a Promissory Note and supply any other
requested information
5.
Funds will be disbursed directly to your school
Am I eligible for
Study Abroad Loans
Students who are US citizens and permanent residents are
eligible for study abroad loans if they are participating in a study abroad
program at an approved school in the United States. The student must receive
credit at their home college or university. If you are not sure if your school
is eligible, see the complete list of eligible schools. Your school must be
accredited by an agency recognized by the United States Secretary of Education
and be eligible to participate in federal student aid programs.
Are Cosigners
Required
US citizens and US permanent residents are not required to have
a cosigner, but often times the addition of one can increase the likelihood of
approval as well as secure a more favorable interest rate. Your cosigner must
also be a US citizen or US permanent resident that has lived in the US the last
two years. Your cosigner must have a valid social security number and pass a
credit check.
What Study Abroad
Loans Are Used For
Like all private student loans, study abroad loans can be used
for education-related expenses. These expenses include tuition, books, fees,
insurance, transportation, room and board, and other school-related expenses.
You can borrow the total cost of your education minus any other financial aid
you have received. Your school will certify the total amount you are able to
borrow.
Find Your Student
Loans
Start your application today, or learn more
about the study abroad loan in the Loan Details and FAQ’spages.