International Student Loans
Just like US Citizens, International Students who travel to the United States also need international student loans in order to help them deal with their finances in school. These student loans for international students include both federal and private loans available for international students. However, it is advisable to exhaust your federal loans options because they are much cheaper to repay and have less interest as compared to private loans. In seeking for international student loan, you have to check out the available options.
Below is a list of some of the loans available for international students
CitiAssist Graduate Loan
CitiAssist Graduate Loan is offered by the Citibank N.A. To access this student loan for international students in the USA, International students who are not at least 18 years old will require a co-signer or US permanent resident. While those above 18 years of age, do not require a co-signer but must have a good credit history.
The loan is not expected to be paid while students are still in school until after graduation. |International student loan has a low end rage interest of 3.750% and high end interest range of 8.000%. The frequency of interest rate adjustment for this loan is done quarterly, without an interest rate cap. International student loan does not have an interest rate floor nor an upfront loan fees.
The minimum amount available to international students is $1,000 and the maximum amount is $110,000 and the maximum duration of repayment is 20 years. The official website for this loan is www.studentloan.com
Union Federal Private Student Loan
Union Federal Private Student Loan is offered by the Union Federal Savings Bank. It is an international student loan without a co-signer but a good credit history of students.
The repayment of this loan is not done while students are still in school. It has a low end interest range of 2.87% and high end interest range of 9.26% and the frequency of the interest rate adjustment is quarterly.
It has an interest rate cap of 21% but without neither an interest rate floor nor an upfront loan fees. The minimum amount available for this loan is $2,000 and the maximum amount is $150,000. The maximum duration of payment is 15 years. The official website is www.unionfederalstudentloans.com
Charter One TruFit Student Loan (Variable Rate Option)
Charter OneFit Loan is offered by Charter one, a division of RBS Citizens, N.A. It is not mandatory to have a co-signer but having a credible one will increase international students’ chances of getting the loan and must be 18 years and above.
International student loan has a low end interest range of 2.94% and high end interest rate of 9.99% and the frequency of the interest rate is monthly. It has an interest rate cap which is governed by Rhode Island statutes but without neither an interest rate floor nor an upfront loan fees.
The minimum amount available is $1,000 and the maximum amount is $225,000. The maximum duration of payment is 15 years. The official website for this loan is www.charterone.com/trufitstudentloan.
Wells Fargo Collegiate Loan
Wells Fargo Collegiate Loan is offered by Wells Fargo Education Financial Services. To be eligible for this loan, undergraduate students need to apply with a co-signer and a good credit history.
The low end interest range of this loan is 3.50% and the high end interest range is 9.99% and the frequency of the interest rate is monthly. The loan does not have an interest rate cap but has an interest rate floor of 3.25%.
Wells Fargo Collegiate Loan has a minimum amount of $1,000 and maximum amount of $120,000, with 15 years as the maximum duration of payment. The official website for this loan is www.wellsfargo.com/student.
Charter One TruFit Student Loan (Fixed Rate Option)
Charter One TruFit Student Loan is offered by Charter One Bank. It is an international student without co-signer; however, having a co-signer is an added advantage, likewise good credit history.
It has a fixed low end interest range of 6.75 and fixed high end range of 12.75% but without an upfront loan fees. The minimum available loan is $1,000 and the maximum available loan is $225,000. The maximum duration for repayment is 10 years and the official website for this loan is www.charterone.com/trufitstudentloan.
These international student loans are meant for students in the USA. If you do not have a student co-signer for your loan, you don’t have to worry because as stated earlier, some of them are international loans without a student co-signer.
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