Q: I’m looking for a bank that offers private loans for foreign enrolled us students. I know Salliemae does, however they require interest payments right away. Do you know of any others?
Thank you!
A: For US Students who are planning to enroll directly in a foreign college, education-funding options are much more limited than for those students studying in the US. However, there are international student loan providers that specialize in providing students with complete and partial funds to cover education costs in a foreign country. www.internationalstudentloan.com is a good place to start learning about private student loans for international students.
Keep in mind however that he most economical way to fund your education when you are enrolled in a foreign school is to borrow all you can on Federal Stafford Student Loans. Any remaining expenses you have can then be covered by a private student loan (such as offered through the above website).
As with any student loan it is extremely important to check out many different student loan providers, so that you can find the student loans that best fit your needs. Make sure to ask questions and read all terms of the student loans before agreeing to any and all terms. Good luck!
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