International student loan tips
An International Student Loan is designed to assist American students who want to study abroad and international students wishing to study in the United States by providing financial aide for extra expenses from studying outside of the student’s own country. Over 200,000 American students study abroad each year, and three times as many international students come to the United States. Studying abroad requires financial aid for extra expense occurred by being overseas such as travel, accommodations and materials, adding to the basic expenses a student might normally incur.
Loans are offered at competitive interest rates, with no out-of-pocket fees and funding can be provided in as little as five business days from receipt of application. Initial approval is available as well in as little as 15 minutes.
For students seeking funding, one of the better sites is The International Student and Study Abroad Resource Center which provides “Study Centers” for Studying in the USA, Study in the UK and Study in Australia. It provides resources, links and information on studying abroad, with pre applications and applications to get the process started. Student health insurance plans are covered with links for information about financing, the application process, studying and living abroad and U.S. Employment rules for United States students working overseas.
Looking for lenders can be a time consuming task, further complicated by adding the “abroad” aspect to the mix. Students would be wise to carefully plan prior to leaving their country. U.S. citizens wanting to study abroad will need to prove to the university, consular office at the U.S. Consulate who issues Visa stamps, and sometimes even U.S. Immigration and Naturalization service that enough funds are available to avoid any shortages. This includes all expenses for housing, food, clothing and health insurance. This is in addition to the university’s tuition and fees.
International Education Financial Aid (IEFA) is a scholarship search engine that is one of the primary resources for financial aid, college scholarships and grant information for international students wishing to study abroad. Offering both a basic and premium search to find international student loans and scholarships all around the world, this is a great place to start when seeking funding.