As most of the non-US citizens are ineligible for federal student loans, they have to resort to private education loans. Overseas students can procure additional funding from private lenders like Ascent, SoFi, College Ave, Citizens Bank, Discover, Earnest, and Sallie Mae. These are the best international student loans in US.
The aforementioned loans are available to overseas students who can produce US co-signers. In order to get education loans from these private lenders, study in US students must meet the eligibility requirements.
Furthermore, private education loans help students to cover tuition fees and additional study costs.
List of Best International Student Loans in US
Now, let us look at the best international student loans in US.
Ascent
- Variable APR: 5.98% to 15.63%
- Fixed APR: 4.48% to 15.27%
College Ave
- Variable APR: 5.09% to 15.32%
- Fixed APR: 4.48% to 15.27%
SoFi
- Variable APR: 5.24% to 12.82%
- Fixed APR: 4.24% to 13.55%
Discover
- Variable APR: 6.12% to 15.37%
- Fixed APR: 5.49% to 14.99%
Earnest
- Variable APR: 5.15% to 16.20%
- Fixed APR: 4.45% to 14.09%
Citizens Bank
- Variable APR: 5.86% to 13.11%
- Fixed APR: 4.43% to 11.94%
Sallie Mae
- Variable APR: 5.15% to 16.20%
- Fixed APR: 4.50% to 14.90%
Federal Student Loans for International Students in US
Overseas students who are non-citizens must fall into either of the following categories to qualify for federal student loans:
- She/they/he must be a US national, which includes natives of Swains Island and American Samoa Island; or
- She/they/he must be permanent residents of the US. This implies that an individual must have a green card or Form I-151 or I-551C; or
- She/they/he must hold a T non-migrant status. Children of T-non-migrant status parents are also eligible for a federal loan; or
- She/they/he can be a designated “battered immigrant-qualified alien”. Children of parents with “battered immigrant-qualified alien” also qualify for federal student loans; or
- She/they/he can be a citizen of the Republic of Palau, the Federated States of Micronesia or the Republic of the Marshall Islands.
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