international student loanStudy Abroad Loans for US Citizens

Loan Program for Study Abroad students around the world

We offer Study Abroad Loans to US Citizens and permanent residents who are planning to study abroad through a school sanctioned study abroad program at either the undergraduate or graduate level, while attending an approved school within the USA.

You should always apply for as much in federal loans as possible before you resort to private loans. However, for our Study Abroad Loan there is no need to complete a FAFSA, other benefits of the Study Abroad Loan include:

• Borrower up to the total cost of attendance, less other aid
• Flexible repayment terms
• Thousands of approved schools

Apply today or learn more about loans for study abroad:

Eligibility:

• You must attend an eligible community college, traditional college or university, or eligible graduate program at least half time. In some circumstances, the Smart Option Student Loan is available to less than half-time students. Contact your financial aid office for more information.
• You must meet current credit and other eligibility criteria.

Benefits:

• Pricing that rewards creditworthy borrowers.
• Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
• Borrowers may apply for a cosigner release after successful completion of their education.²
• A 0.25 percentage point interest rate reduction is available for automatic debit.³
  
• A 0.25 percentage point interest rate reduction is available if the borrower provides a valid e-mail address and elects to receive all servicing communications via e-mail.⁴

Features

• Easy online application with fast credit decision and electronic signature (“eSign”) available.
• 24/7 online account management.
• Combined billing is available for Sallie Mae-serviced student loans.
• No prepayment penalty.
• You may be able to deduct the interest you pay on a qualified student loan.5
• Available for U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the U.S.
• International students are eligible with a creditworthy cosigner (who must be a U.S. Citizen or permanent resident) and U.S. Citizenship & Immigration Service (USCIS) documents.

Loan Terms:

Loan limits

• $1,000 minimum loan amount.
• Borrow as much as you need to pay for your education, up to the cost of attendance as
  certified by your school and confirmed by Sallie Mae, less other financial aid received.1
  

Interest rate

• Applying with a creditworthy cosigner may help you qualify and/or receive a lower
  interest rate.
• The Sallie Mae Smart Option Student Loan has interest rates that reward good credit.
  Interest rates are variable and are reset monthly based on the one-month LIBOR Index.
  

Fees

• Disbursement fees range from 0% to 5%.
• No repayment fee.
  

Repayment

• Monthly interest-only payments are required during the in-school period and during the 6-month separation period; by doing so you’ll avoid capitalized interest and reduce your total loan cost.
• Consider making principal and interest payments while in school to lower the amount you must pay back.
• Principal and interest payments begin following the six-month separation period.
• Prepay your loan at any time without penalty.

Another way to help pay down your loan:

Another way to help pay down your loan

Join Upromise® from Sallie Mae® and you can earn rewards on your everyday purchases. Those earnings can be automatically transferred to your student loan account, as long as your loans are serviced by Sallie Mae, to help pay down your eligible Sallie Mae-serviced student loans through Upromise Loan Link®. Not all loans are eligible. To learn if your loan is eligible for
Upromise Loan Link, or to register, visit Upromise.com.⁶

1 Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.

2 The release of a cosigner is at the sole discretion of Sallie Mae. The borrower must have a satisfactory history of making principal and interest payments and meet underwriting guidelines when the request for cosigner release is processed. The borrower’s account must remain current until the request for release is processed and the borrower must be a U.S. citizen or permanent resident at the time the cosigner release is processed.

3 The automatic debit benefit is available for as long as the borrower’s monthly payment amount is successfully deducted from the designated bank account. Borrowers can elect to make payments via automatic debit through Sallie Mae’s online account management system. This benefit lowers the borrower’s interest rate but does not change the amount of the monthly payment. This benefit is suspended during periods of forbearance and certain deferments.

4 The borrower must elect to receive electronic communications through Sallie Mae’s online account management system and provide a valid e-mail address within 90 days of the first payment due date. The electronic communications benefit is available for as long as the borrower maintains a valid e-mail address, continues to consent to receive all servicing communications concerning his or her student loan(s) via e-mail and makes on-time payments of amounts scheduled with no interruption. This benefit lowers the borrower’s interest rate but does not change the amount of the monthly payment.

5 Consult your financial advisor for more information or visit http://www.irs.gov/pub/irs-pdf/p970.pdf.

6 To view whether or not a loan is eligible to participate in the Upromise Loan Link program, please visit Upromise.com/LoanLink. Access to Upromise is not limited to Sallie Mae customers.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS) AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE (SALLIEMAE.COM) CLOSE TO THEIR LOAN APPLICATION DATE AND AGAIN PRIOR TO DISBURSEMENT TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES AND BORROWER BENEFITS.

Sallie Mae, and Sallie Mae Bank are registered service marks and Sallie Mae Smart Option Student Loan is a service mark of Sallie Mae, Inc. Upromise and Upromise Loan Link are registered service marks of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. ©2009 Sallie Mae, Inc. All rights reserved. (7/09)

Please learn more about the Study Abroad Loan Program:

Study Abroad Student Loan Program

If a school is listed below, study abroad students enrolled at the school may be eligible to apply for one or more of the loan products available through International Student Loan. Presence of a school on the list of approved schools does not imply a partnership or other relationship between the school and International Student Loan or its lenders.

Alaska	Montana
Alabama	North Carolina
Arkansas	North Dakota
American Samoa	Nebraska
Arizona	New Hampshire
California	New Jersey
Colorado	New Mexico
Connecticut	Nevada
District Of Columbia	New York
Delaware	Ohio
Florida	Oklahoma
Georgia	Oregon
Guam	Pennsylvania
Hawaii	Puerto Rico
Iowa	Palau
Idaho	Rhode Island
Illinois	South Carolina
Indiana	South Dakota
Kansas	Tennessee
Kentucky	Texas
Louisiana	Utah
Massachusetts	Virginia
Maryland	Virgin Islands
Maine	Vermont
Michigan	Washington
Minnesota	Wisconsin
Missouri	West Virginia
Mississippi	Wyoming FOR MORE COUNTRY CLICK HERE

The International Student Loan Center

Each year over 200,000 Americans study abroad and nearly 600,000 international students come to the USA to study. However, studying abroad often requires financial assistance for extra expenses such as travel, accommodations and materials, which can make it a greater financial commitment. InternationalStudentLoan.com is here to help, by offering access to a range of international student loans and study abroad loans to international students and Canadian students in the USA and for US Students studying around the world.

International Student Loans are available for:

International Students	US Students
More information about private loans for international students studying in the United States, or planning to study in the United States. More Information | Apply Online	Federal and private loan programs are available for US Students who are studying abroad or fully enrolled in a non-US School. More Information | Apply Online

Why get an International Student Loan?

For the most part, students struggle to fund their international education. Scholarships and grants are always available, but if you are one of the lucky ones to receive one it will still not cover all your expenses. That is where an International Student Loan can help. Through our lender partners, students with creditworthy cosigners at eligible schools can apply for up to the cost of attendance as certified by your school and confirmed by your lender, less other financial aid received.

Borrow Responsibly.

US students should maximize their borrowing under Stafford and other federally subsidized loans before resorting to private loans. Both US and international students should use scholarships, personal and family funds, and any other money you can first.

Please take the time to visit and learn more about our international student loans, canadian student loans and us student loans. We also have a dedicated customer support center to help students with your loan application and research - please contact us with any questions.

Student Loan Debt Consolidation Programs - How to Obtain Them

For prospective student borrowers who are seriously contemplating on getting a student loan debt

consolidation, these programs can be obtained either from a brick and mortar office of a lending company or from the numerous loan websites on the internet.

Student borrowers must be wise decision makers so far as finding and securing for themselves programs on student loan refinancing is concerned. This would only mean that the borrowers should not only understand the benefits and advantage that such programs offer, but likewise all the possible disadvantages that they might experience out these programs.

Definitely, forming a proper decision on obtaining the right student loan debt consolidation is a difficult task that you can make. Therefore, if you do feel that you are incapable of deciding which program is best for you, employing a professional loan consultant or adviser is the best thing to do. It is a must that you get only a legitimate and established lending adviser to ensure that you are receiving the best and most sound loan advice. Only a professional will know which type of program fits your loan requirements.

Indeed, when it comes to enjoying better and more convenient mode of repayment, college loan consolidation programs and schemes are a way to go. The consolidation and merging of loans helps students deal with multiple debts in a less stressful way. Not only are students given a single monthly due date, but the rate of interest of their new loan is much lower, which consequently means lower due every month.

Yellob Four Plans of Consolidating Student Loans

When thinking about consolidating your students loans, there are four plans for direct student loan consolidation. You can review them one by one to investigate the best one for your needs.
Standard Repayment Plan is the first one you can take. It gives you a fixed monthly installment for up to 10 years.
The second plan is [...]

Direct student loan consolidation

This is a matter of fact that student loans can be considered as two-edged swords. The reason is quite simple that without these loans, you simply can’t pay for the degree you work so hard to earn. At the same time, without student loan consolidation, you can actually get to keep the amount you pay everyone month for yourself. You can get this amount to pay other bills on time, afford a more reliable car or can find a better place to live.

You need to think about your situation carefully. If you feel like repaying your student loans is a bit challenging for your budget, or worse, threat to your finances – and credit rating – in the red, you should be thinking about a direct student loan consolidation.

A direct student loan consolidation allows you to exchange your outstanding student loans with high interest rates against one loan with more manageable and flexible interest rate.

Only the direct student loan consolidation is the right answer for more than one student loans problem. As you might already be struggling to meet your monthly installments as might have already used the options for deferment or forbearance your loan offers, only direct student loan consolidation can mean a fresh and flexible start.

Once you have taken the step towards direct student loan consolidation, deferment and forbearance options will again be available in case you might need it. Moreover, a direct student loan consolidation gives you much lower interest rates for instance 0.6% points. It is this way help lowering your monthly payments. Another great advantage of consolidation loan is that when you consolidate your existing student loans under a new loan, these loans show up as paid in your credit reports and hence your credit score gets its benefits.

So, bottom line is direct student loan consolidation is Win-Win situation for everyone involved.

See Also,

Loan Status Check

We now offer the ability to check the status of your international student, study abroad, foreign enrolled or canadian student loan either online or through our customer support telephone numbers. Please see the correct method to check on your loan below:

Foreign Enrolled Loan

Phone: 800-926-3069 or +1 (786) 621-4326

International Student Loan, Study Abroad Loan, or Canadian Student Loan

If you applied on or before May 15, 2008:

Phone: Call to check status: 866-244-1842

If you applied on or after May 16, 2008:

Phone: 800-926-3069 or +1 (786) 621-4326

Rates, Qualifications, and Credit Guidelines

Interest Rates

The interest rate for all of our international private loan programs (International Student Loan, Foreign Enrolled Loan, Study Abroad Loan and Canadian Student Loan) is equal to the LIBOR Index plus a margin. The margin for the Loan may vary, depending on the credit-worthiness of the borrower or co-borrower (if any). Please see the individual pages for rate and repayment information for the program you are interested in!

Eligible Schools

For any of the international student and study abroad loans that are available through InternationalStudentLoan.com, you will need to be attending an eligible school in order to submit a loan application. Typically loans require financial aid certification from your school. If you see your school listed here, you may be able to apply for a loan through us. Remember, although we try to keep this resource updated, this school list is just a guide - only your lender can confirm that your school is eligible.

International Financial Aid Resources

The InternationalStudentLoan.com International Financial Aid resources pages are designed to provide you with further information about studying abroad with articles and resources on several areas of studying abroad such as finance information, insurance information, how to prepare for your time abroad and much more. We also have further information about our loan programs such as which school participate in our loan program

Why get an International Student Loan?

For the most part, students struggle to fund their international education. Scholarships and grants are always available, but if you are one of the lucky ones to receive one it will still not cover all your expenses. That is where an International Student Loan can help. Through our lender partners, students with creditworthy cosigners at eligible schools can apply for up to the cost of attendance as certified by your school and confirmed by your lender, less other financial aid received.

Borrow Responsibly.

US students should maximize their borrowing under Stafford and other federally subsidized loans before resorting to private loans. Both US and international students should use scholarships, personal and family funds, and any other money you can first.

Please take the time to visit and learn more about our international student loans, canadian student loans and us student loans. We also have a dedicated customer support center to help students with your loan application and research - please contact us with any questions.

The International Student Loan Center

Each year over 200,000 Americans study abroad and nearly 600,000 international students come to the USA to study. However, studying abroad often requires financial assistance for extra expenses such as travel, accommodations and materials, which can make it a greater financial commitment. InternationalStudentLoan.com is here to help, by offering access to a range of international student loans and study abroad loans to international students and Canadian students in the USA and for US Students studying around the world.