How to apply for an international student loan
Posted on February 12th, 2008 by InternationalStudentGuruOne question that is always asked when I open the International Student Mailbag each day is “How can I apply for an international student loan?” or “How do I go about getting funding for my time abroad?”. So, I thought I would dedicate a blog post to give a brief overview of who is eligible for an international student loan and how you can apply for one.
The International Student Loan is available to any international student who wants to study at one of the approved schools in the USA or Canada. The approved schools list is also available online so you can check to see if your school is part of the program.
To apply for the loan program, you will need to have a cosigner to complete the application. Your cosigner must either be a US Citizen or permanent resident for at least the last 2 years. Once you have that you can apply for the program and the best way to do is either online (where you can walk through the application step by step) or you can phone our customer support team who will go through the application over the phone.
If you have all the information with you when you apply, and your cosigner has a good credit history you can receive your funds in as little as 5 business days – and even get a preliminary approval in 15 minutes.
Of course, there are many students who do not have a cosigner, and unfortunately without a cosigner the loan program is not available to you. However, there are many other resources and means to obtain funding – for example there are many international scholarships around that providing funding for students all over the world, plus you should get out the international financial aid blog which has updated listing of financial aid information.
If you have any other resources or comments about funding, post them below.
February 17th, 2008 at 6:14 pm
We have a website in Sri Lanka which allows users to find
teachers, colleges, Universities or educational institutes via our
site. One of the most common questions we get from our users is
“where can we find information on international educational
scholarships”.
I think the information on this page will be very useful for our users (i.e. users of http://www.FAT.lk). May I have your permission to get some information from this page and add it to http://www.FAT.lk
Thank you
Tilan
February 18th, 2008 at 9:50 pm
Hello Tilan
I am also from Sri Lanka. I am the International Student Recruiter at Minnesota State University Mankato. Tilan, we provide In-state tuition for all international students (this is considered as a scholarship) also. If you are interested let me know.
May 8th, 2008 at 3:57 am
hello ludmi.herath. you were saying that minnesota state university provide instate tuition? can you give me more info on that? I think i need to transfer out of california since it is too expensive for me. If you could email me at insanetrey@yahoo.com. thank you so much
September 26th, 2008 at 3:28 am
I am an international student who is in my last quarter, I had a student loan with Teri.org, but they no longer offer student loans due to the meltdown in the economy. I have tried over fifty financial instituitions but to no avail. Can anyone help me.
October 9th, 2008 at 7:03 pm
i am an international student and i need a loan rapidly because my sponsor has a financial problems and i have a co-signer that want to help me so i want some organisations thats can help me or someone who can give me some informations.
October 10th, 2008 at 7:14 am
you can try this website they help with international loan
http://www.isloan.org
let me know if it is helpful.
November 28th, 2008 at 8:19 am
I am an international student need financial loan to study posgraduate programe in England. Can anyone help me.
January 20th, 2009 at 2:54 pm
Hi. I’m from the Caribbean. Concerning the isloan.org website I’ve been there and got registered for a student loan only to find out that i would have to pay $11US to get my loan started. I think they ask for a lot more money later on too. It doesn’t seem fair to charge students to apply for a loan. Does anyone know of loans for students wanting to go to Canada to study????
February 11th, 2009 at 8:54 pm
I have been really in search of such information. Really thank you very much!
April 17th, 2009 at 8:57 pm
This helped me…
June 12th, 2009 at 5:19 am
I really enjoy blogs like this, since I am a blog addict I will visit again soon.
June 17th, 2009 at 12:18 pm
I am burkina faso student and i need scholarship next year(2010) for study in canada after passed my tehnology university diplom this year.can you elp me?
July 4th, 2009 at 2:20 am
Hi..im arshad from srilanka…i wanted to study in canada..due to sum financial issues im unable 2 move..my friend is in canada..can he b a co-signer..cuz hes a permanent resident… Plsss mail and reply me…awaitin beckarsh@yahoo.com
July 17th, 2009 at 7:14 pm
hi
i wanna study in canada.
whould you please tell me if i have canadian citizen can he be my cosigner?
July 19th, 2009 at 7:10 pm
Hi,
i am from Turkey, and i want to study in Canada
i need a loan too, but i cant find international student loan to study in canada, can you help me please?
August 28th, 2009 at 9:57 pm
I know these are difficult times for anyone to obtain loans. But at Minnesota State University Mankato we offer in-state tuition for our international students during their first semester. You will be paying only $3,200 for 18 credits per semester. (TUITION only). However, if you wish to continue beyond the first semester (all of our international students receives the scholarship again and again throughout their academic career IF they maintain their GPA and volunteer work for the University/community/mankato. (25 Hours per semester)
This is a great opportunity for international students. This scholarship applies for Undergraduate, graduate and doctoral students as well. If you want more information, you can visit http://www.mnsu.edu/international for more details, about MSU, About our office and what we offer. We offer over 160 undergraduate programs and over 86 graduate programs.
Regards
Ludmi Herath
International Student and Scholar Services (ISSS)
Elizabeth and Wynn Kearney International Center
Minnesota State University, Mankato
Mankato MN 56001
507-389-1281(phone) 507-389-2790(fax)
http://www.mnsu.edu/international
Find us on facebook our fan page “Minnesota State University Mankato – International Students”
December 12th, 2009 at 12:16 pm
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February 12th, 2010 at 10:17 pm
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