#1
February 5th, 2016, 10:09 AM
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Student loan for international students in USA
Hello sir my brother is going in USA for further studies so please provide me student loan scheme for international students.
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#2
February 5th, 2016, 10:10 AM
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Re: Student loan for international students in USA
Studying overseas is expensive, and many students look for some loan to fund their international studies. In USA there are many organisation which offers loan to the students. Eligible to apply for international student loans Students who are not U.S. citizens or non-citizen permanent residents and who are attending an eligible U.S. college or university Borrowers are required to have a creditworthy cosigner who is a U.S. citizen or a non-citizen permanent resident. Students who are not U.S. citizens or non-citizen permanent residents and who are attending schools outside the U.S. are not currently eligible for loans. Student loan will cover: Tuition Room and board Books and supplies Travel and transportation Health insurance Living expenses Interest Prime Interest Rate – This index is determined by the federal funds rate which is set by the US Federal Reserve. LIBOR – The LIBOR (London Interbank Offered Rate) is based on the British Bankers’ Association and is used on the London interbank market Repayment Repayment will vary depending on the loan option you choose. You will need to consider how much the monthly payments will be, when payments will begin, and how long you will be able to defer paying back the loan. The repayment period generally ranges from 10-25 years. The standard repayment plan options are: Full Deferral Interest Immediate Repayment |
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