How to apply for an international student loan
Posted on February 12th, 2008 by Jennifer FrankelOne 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 in most cases. 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 do not have a cosigner you can explore no cosigner loans.
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 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.
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
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June 12th, 2009 at 5:19 am
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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
Thanks for the info… I truly like this blog. I bookmarked this post and will definitely be making a return visit.
March 31st, 2010 at 12:22 am
Can I borrow a loan when I want to start a small project that does not require a huge amount of money for example rabbit or chicken rearing? What should I show the bank to convince them I need the loan for the business?
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May 19th, 2010 at 7:23 pm
Dear Sir,
I am an Egyptian resident in Cairo
And iam the owner of company operating in the computer field, but I have a financial problem that threatens to close my company, so I need a loan of seven thousand dollars to rescue my company and my family will be paid in 48 months” monthly Payed ” with any guarantees, i have Apartment, i can make it grantee for the loan
please reply me ASAP,
thank you
Naglaa elsayed
0127958489
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November 6th, 2010 at 4:06 pm
I am a caribbean student as well wanting to go to Canada for studies next year 2011 i have been accepted at the school already however i need a loan. i already have someone in the US to co-sign i just need an organization that offers loan to person who wants to go to Canada to study.
January 8th, 2011 at 9:01 pm
i already have someone in the US to co-sign i just need an organization that offers loan to person who wants to go to Canada to study. I need more info about this.
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February 9th, 2011 at 12:33 am
This must be a new concept. I never heard of it before.
April 11th, 2011 at 8:59 pm
Could anybody help me with information of lenders that lends to Devry university international student. Thanks.
April 11th, 2011 at 9:01 pm
Could anybody help me with information of lenders that lends to Devry university international student. Thanks.
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September 9th, 2011 at 6:53 pm
…thanks for d info.my question is when do i apply for the loan ?is it when i av got d addmission or before it?
December 28th, 2011 at 4:28 am
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February 17th, 2012 at 1:32 pm
I was hoping to find info about loans for international students to study in canada here; yet i didnt find any. Well you guys are doing good. Keep it up
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April 10th, 2012 at 8:02 pm
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May 12th, 2012 at 9:26 am
Wat about a student travelling to canada on 4yrs visa nd he detamine to sponsor him self with student loan in canada
May 23rd, 2012 at 2:34 am
life is a lot easier now, at my time in college I never got such options. I had to borrow little money from friends and family…
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September 14th, 2012 at 5:59 am
hello,
i am a 19 year old ugandan citizen searching for a 1000 dollars low interest student loan in a week’s period of time. i am pursuing my bachelors degree of pharmacy in uganda. please if you can help me, email me on kasomajoel@gmail.com
thankyou
September 14th, 2012 at 11:54 am
Hi Kasoma,
Thank you for your inquiry.
Unfortunately, our loan programs are for international students from anywhere in the world studying in the United States, or for US students studying abroad. We do not currently have a program for international students studying elsewhere in the world, even with a US co-signer.
If you would like more information about international student loans for studying inside the US please let us know and will get you further information right away.
October 9th, 2012 at 3:53 am
Hi,
I am a student from Srilanka. I have a dream to study in Canada. I did my Als in Maths stream and I like to follow a degree program in Engineering.If there is any way of getting a loan to study in Canada please let me know
November 12th, 2012 at 10:29 am
This is a very good and helpful website. However, I am worried that some of the posts recommending loan sites sound very much like scams. It would be a disgrace if such posts were placed here targeting students who are already broke.
December 4th, 2012 at 1:48 am
My brother is a Canadian permanent resident for the last 5 years.Can i apply for study loan to study in Canada?
December 7th, 2012 at 9:59 am
Hi Harry,
Thank you for your inquiry. I have sent you an email with more information on obtaining an international student loan. Additionally, you can find more information here.
December 10th, 2012 at 2:02 pm
Hi Harry,
Thank you for your inquiry. It will depend on what country you are a citizen of. We do have loans available to those from the US who will be studying at an eligible school inside of Canada. If this applies to you, you can apply for an international student loan here.
Good luck!