Title: Study Abroad Loans
1Abroad Study Loan
2Study Abroad Loans
Students who choose to study abroad will likely
find that the expenses will add up fast. With
tuition, books, transportation, and living
expenses, abroad study loan students may find
that after all their financial aid, they still
need more money to cover their expenses. If
youve 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
thats suitable to meet your needs and you can
apply right online.
3- 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 - Complete the student loan tool where youll be
matched with lenders - Evaluate which loan option works for you, and
apply right online - Your loan will be evaluated and if approved, will
need your schools authorization - You will need to sign a Promissory Note and
supply any other requested information - Funds will be disbursed directly to your school
4Am 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.
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.
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.
5Are 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.
6These 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.
Thank You!!
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