International student loans will be harder to get this year, as lenders have increased their credit criteria for private loans. And international student loans will be more expensive, as lenders have also increased their interest rates. These are unfortunate truths that have come about as a result of the Credit Crunch. Now more than ever, use scholarships, personal and family funds, and any other money you can to reduce the amount you need to borrow.
However, international student loans are still available. If you attend an approved school in the United States, and you have a credit-worthy US co-signer, you can apply for a loan of up to $70,000 per year for medical, dental, business or law school, and up to $50,000 per year for undergraduate or graduate study. Loans fund quickly, in as little as 5-10 days from a completed application, so there is still time to apply for funding for your fall semester. Loans are also available for US students going abroad.
Visit International Student Loan for more information.