Student Loans for International Students - Eligibility Criterion and Two Things to Know - PowerPoint PPT Presentation

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Student Loans for International Students - Eligibility Criterion and Two Things to Know


Study Loans For Abroad to fund your studies? It provides education loan for students planning for their higher studies abroad. – PowerPoint PPT presentation

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Title: Student Loans for International Students - Eligibility Criterion and Two Things to Know

Student Loans for International Students -
Eligibility Criterion and Two Things to Know
  • Education is the most important inheritance a
    child can receive from its parents. A properly
    educated child does not only have high chances of
    finding good jobs but he or she has what it takes
    to start a thriving business too.

  • Education excellence is essential in spite of a
    person's background. While many aspiring students
    have what it takes to excel in higher education
    some cannot pay for it.

  • The cost of educating children in best schools
    located in developed countries is very high
    currently. It is therefore difficult to complete
    a course without using student loans for
    international students.

  • These Study Loans for Abroad can be used together
    with international student scholarships provided
    by local governments and other financial
    institutions. While borrowing may seem difficult
    at first, it can help a student build a good
    credit-rating that would help him or her in
    future loan applications or student loan

  • Unfortunately a student is not automatically
    given a loan to pursue his studies abroad. There
    is a selection criterion that helps the lenders
    choose the students who are best qualified. The
    eligibility criterion often requires a proof of
    the following.

  • That one is not a citizen of the country
    providing the student loans for international
    students. If the providers are based in the U.S,
    for instance, an aspiring loan applicant has to
    prove that he or she does not have a USA
  • That one is already enrolled in a college or
    University in the country that provides loans for
    overseas students. For example, a loan applicant
    who is already studying at a USA-based university
    has to prove this to a loan provider. If one is
    accepted in a school but has not yet joined, he
    or she can use a student visa to process the loan
  • That a borrower has a reliable and creditworthy
    con-signer who is either a citizen of the USA by
    birth or a non-citizen who has acquired a
    permanent residence. This rule is upheld in other
    developed countries as well such as Australia,
    the UK and Canada among others.

  • Fulfilling the conditions that makes a student
    eligible to receive a loan is okay but not
    sufficient. There are a few other things that an
    applicant has to know and do. Two things are
    described below.
  • Searching for Student Loans for International
  • Even if a borrower is eligible to apply for a
    student loan he or she should find out the
    available loans. A simple comparison tool is all
    an international student requires to do this. It
    is able to match a borrower with the best lenders
    in relation to his or her needs. This tool can be
    used to locate lenders in a good number of
    developed countries that provide financial aid to
    overseas students.

The comparison tool can sometimes return zero
lenders. This should not discourage a student
because it simply shows that there are no
compatible lenders located by the tool. An
applicant should consult the school's financial
aid office directly to find out if there are
loans for international students.
Size of a Loan a Student Can Receive
  • The size of the loan that a scholar can apply for
    is determined by the financial aids office of the
    university that he or she is enrolled with. An
    endorsement is required from the office if a
    student wants to borrow funds for the entire
    course. The office must first verify the
    creditworthiness of the con-signer and the
    borrower. One thing to note is that student loans
    for international students are only provided to
    an applicant who produces a co-signer. The
    con-signer must have a good credit score to be

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