College Student Loans for International Students

International students could find it difficult to get a student loan from a bank in the United States. This is because international students do not have a credit history and bank believe that non-us citizens are more risky. If you are lucky enough to have a Green Card, you could qualify for federal student loans through Federal Stafford and PLUS loans. To read more about different alternatives of how you can pay for college, take a look at our Student Guide Finance chapter. If you are interested in scholarships and grants, you can find more information here.

Student Loan Resources

Name: CanHELP

Website www.iefc.com/canada/can_index.cfm

Who Qualifies: Canadian Citizens

Abstract:

In 1998, IEFC developed the Canadian Higher Education Loan Program (CanHELP) to provide funding for Canadian students enrolled in US colleges and universities, and is now is now available at more than 3,000 IEFC approved schools in the US and abroad! There is no other source from which Canadian students can borrow the full cost of their education in US dollars.

To discover how the CanHELP can help you achieve your international education goals, please click on the appropriate student status on the right to see loan terms and conditions, eligible schools and how to order an application. You can see if the school you plan to attend is a CanHELP eligible institution by clicking on the appropriate listing (US schools or international schools) on the right.

Name: Global Student Loan Corporation

Website: www.globalslc.com

Who Qualifies: Everyone

Abstract:

Global Student Loan Corporation can help make your goal of studying in the U.S. or in other selected countries a reality. Through our partners, GSLC can help ease your financial constraints and streamline your overall loan application process.

The Global Student Loan® is the ONLY comprehensive education loan for international and distance learning students that does not require a co-signer in the country in which you are studying.  For example, if you seek to study in the U.S., you are not required to have a U.S. cosigner.

We partner with financial institutions throughout the world to provide loan programs that meet students' special needs. In many cases, principal payments may be deferred until graduation when your education will help you secure more financially rewarding career positions. In addition, most loan repayment schedules are spread over a longer period of time than typical consumer loans to significantly reduce your monthly payments.