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