The Best International Student Loans in USA for 2021

It is a tough and difficult road for non-US citizens who wish to attend college in the United States. You are not eligible to take out US Federal Student Loans, and scholarships may be scarce. There is, however, a way around this problem: international student loans from private lenders.

In general, lenders need you to have a US citizen co-signer to get a private loan. Below is a list of the best international student loans 2021, with eligibility requirements, fees and flexible repayment options:

This company offers you the possibility of paying for university studies with or without a co-signer. No administrative fees required. You can also check your rate without affecting your credit score.

With a minimum credit score for student loan refinancing at 650, only graduates of accredited universities and graduate programs can apply. There is no minimum income to apply. It does not charge any set-up costs and benefits from an interest rate reduction of 0.125%.

Since scholarships can be difficult to obtain, especially during a pandemic, knowing what international student loans are available is essential. Source: Eric Baradat / AFP

Borrowers with a co-signer who choose the shortest repayment term and make the full monthly payments while in college are eligible for the lower rates. Additionally, borrowers have the option of an eight-year term in addition to the typical five, 10, and 15-year terms offered by most lenders. Along with College Ave, there is also a graduation award of US $ 150 for completing the degree program.

Discover is a great option for international student loans because there are no late fees and also a reduction in the interest rate if the borrowers choose to pay the interest on the loan as it goes. ‘accumulates during his stay. school. However, there are downsides as no co-signer release is available and there is only one 15-year loan term.

international student loans

People walk past the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Source: Spencer Platt / Getty Images / AFP

Another great option for international student loans, Citizens Bank offers a 0.25% loyalty discount if a student borrower or their co-signer has an existing account with the bank. Note that co-signers have to wait longer to be released from the loan than many other lenders provide.

Sallie Mae allows multiple payment reduction for borrowers who are going through financial difficulties. International students can get a loan with the help of a U.S. citizen cosigner, but student borrowers cannot get a co-signer release unless they are U.S. citizens or permanent residents themselves at the time they apply. the Liberation.

Last but not the least, Earnest, which offers flexibility to borrowers. They have a long grace period, the ability to skip one monthly payment per year, and a wide variety of loan terms. Plus, this company doesn’t charge late fees which is quite the deal, especially for students.

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Keith Johnson

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