Foreign Enrolled Student Loan
The world of international education has opened the door for students to gain a top education from universities around the globe. However, even though studying outside the US is often less expensive than earning an education inside the United States, finding the funding to study at a foreign school is still a common barrier for US students who explore this opportunity. If you're one of the many US students faced with the difficulty of finding funds to pursue your degree internationally, you do have options when it comes to aid, here we cover those and provide you with a loan search tool to get you started.
Find My Student Loan
Private foreign enrolled student loans are offered through private lenders and available to eligible US citizens or permanent residents who are enrolled directly in an eligible college or university outside their home country. Unlike students who plan to study abroad through their US school for a semester, or a year, foreign enrolled students are directly enrolled in the school abroad and typically plan on completing their degree from the international school they are enrolled in.
Eligible InstitutionsUniversities in many different countries are on the list for eligible foreign enrolled students to apply for a private student loan to study internationally. Schools must be approved by the US Department of Education to offer private international student loans. We have helped make the process of finding a lender easy for students with our loan search tool. See if the school you plan to attend outside the US is on the list by entering your basic information including the school name; a list of available lenders will then appear for you to explore. If your international school is not on the list, unfortunately we do not have a foreign enrolled loan available for that institution. If you contact the school directly they may have additional financial aid solutions for you.
Find a Student LoanSearch
Federal Foreign Enrolled Loans
Keep in mind that although private foreign enrolled loans can help when federal aid isn't available, the first stop for any US student, whether studying in the US or around the globe, is to complete the Free Application for Federal Student Aid _(_FAFSA). FAFSA allows American students to see what federal funding options are available to them from the US government. Schools must be accredited by an agency recognized by the US Secretary of Education and approved to participate in the US federal student loan and aid programs. Students studying outside of the US will not be eligible for grants like the Pell Grant, however, they may be eligible for federal loans including:
- Direct Stafford Loan (subsidized and unsubsidized)
- Parent PLUS
- Graduate PLUS