10 Easy International Student Loans To Help You Study Abroad


Not every student who wishes to study abroad are financially capable to and this is why most opt for international student loans.

International student loans are just like the regular student loans which is provided to assist students to bear the cost of their post-secondary education expenses like tuition, books and some other living expenses. The only difference is that, international student loans are for  students from other countries (international students) to study in a particular country. And with this difference comes certain terms and conditions which makes international student loans more difficult to access.

America for example has a lot of companies who lend to its citizens, but not many lend to international students. The few lenders that offer international student loans usually require a co-signer which makes it even more difficult to access them.


But who is a co-signer?

A co-signer is someone who stands in for you and promises to pay back your loan when its due if you are unable to. This person could be a close family member or a friend and they are made to sign some documents along with you to further re-assure your lender that your loan will be repaid.

Most lenders in the U.S require your co-signer to be a citizen or a permanent resident. This provides security to the lender in the event that the borrower is unable to repay the loan or departs the United States.
Unfortunately, this requirement poses a big challenge to most international student as some do not have family or friends who are financially eligible and willing to be their co-signer. This thus restricts their access to the loans.

But whether you have a co-signer or not, if you are an international student planning to study abroad in countries like the U.S, we have options for you. We have researched a list of international student loans and private student loan lenders. And you know what?  you don’t need an SSN, a collateral and a few of them doesn’t require a CO-SIGNER!

Are you ready?? Lets go!

5 Best International Students Loans (2021/2022)

  • MPOWER Financing (Best for Undergraduate Students Without a Co-signer)
  • Ascent (Student Loans Best Interest Rates)
  • Prodigy Finance (Best for Graduate Students Without a Co-signer)
  • Sallie Mae
  • Wells Fargo
  • Citizens One (Best for Graduate Students With a Co-signer)
  • Discover (Best for DACA Recipients)

MPOWER Financing (Best for Undergraduate Students Without a Co-signer)


MPOWER Financing offers loans to international students studying in Canada or the United States based on their future earnings potential, without the need for a co-signer or a credit check. It provides fixed-rate interest rates to students in any field of study who are accepted or enrolled in one of the company’s 350 schools and are in their last two years of study. Other perks include a six-month grace period after graduation to begin repaying loans, as well as a 1.50 percent interest rate cut if borrowers meet specific criteria. It also gives career assistance and support services. (Learn more).


Ascent (Student Loans Best Interest Rates)


Ascent is an award-winning private student loan firm that provides international student loans to borrowers whether or not they have a co-signer.

International students can apply for Ascent student loans if they have a co-signer who is a US citizen or permanent resident. There are no application, origination, or prepayment costs, and you have three in-school repayment options and six payback terms to choose from, with fixed-rate loans lasting up to 15 years and variable-rate loans lasting up to 20 years.

Ascent provides low rates, flexible repayment options, and special bonuses (such as 1 percent cash back, scholarships, and a Refer A Friend Program).

Enrolling in auto-pay on co-signed loans results in a 0.25 percent interest rate reduction, and borrowers can receive a 1% cashback reward if they complete the degree program for which the loan was used to fund. Before their loan is granted, students must complete a free interactive financial literacy course offered by Ascent.

Unfortunately, international students are not eligible for certain of Ascent’s services, such as co-signer release, monthly scholarship drawings, and its referral program. (Learn more).

Prodigy Finance (Best for Graduate Students Without a Co-signer)


Prodigy Finance is another lender that offers private student loans to international students who don’t have a co-signer. Instead, Prodigy offers loan and repayment arrangements based on its predictive credit model. This model considers over 150 factors to calculate how much each applicant can afford after graduation.
Students can choose from three payback terms, and students don’t have to worry about payments while in school. Payments are automatically postponed while in school, although there are no charges nor penalties if payment is made while in school or anytime at all.

Also, there are no application or prepayment costs, except for a 5% administrative fee.

Prodigy Finance however does not supports all students but only the ones pursuing graduate degrees in business, science, technology, engineering, math, law, public policy, or healthcare. (Learn more).

Sallie Mae


International students in the USA are eligible for Sallie Mae loan only if they have a co-signer.
Salli Mae does not offer personalized interest rate until application is completed but offer discounts to students who choose the in-school repayment and auto-debit options to repay their loan when its time.
Also, borrowers incur no pre-payment or origination fees and may pay interest for the post-graduation first year alone.

Wells Fargo


Wells Fargo offers a variety of international student loans for undergraduate and graduate students attending a qualify school. Borrowers are not obligated to begin payments until six months after graduation, but they can do so while still enrolled without penalty.
Wells Fargo does not impose application or origination fees, but international students who apply for a loan must have a co-signer. Graduate students must also have a credit history in the United States to be considered. (Learn more)

Citizens One


Citizens One provides international student loans to international students who have a creditworthy co-signer who is a U.S. citizen or permanent resident. There are no application, origination, or prepayment fees, and borrowers can pick from four in-school repayment options and three terms.

The following are the specifics of Citizen One’s international student loan:

Graduate Fixed APR: 4.18% – 10.95%
Repayment terms: 5, 10, or 15 years
Graduate loan amounts: depending on the degree, $1,000 up to the complete cost of attendance or $350,000 total aggregate is available.

Citizens One has some of the lowest interest rates in the industry, particularly for graduate and professional loans. Medical residency and bar study loans are also available from the lender, making it a more inexpensive option for graduate students with a co-signer.

Borrowers can get a 0.25 percent interest rate decrease if they enroll in auto-pay, and additional 0.25 percent if the student or co-signer has a Citizens Bank account or loan. International students, however, are unable to take advantage of Citizens One’s other advantages, such as multi-year approval or co-signer release. (Learn more)




Discover is open to international students enrolled in an accredited and eligible American university or college if they have a U.S citizen or permanent resident as a creditworthy co-signer. The loans have no fees attached, and students can pick from four in-school repayment options, but only for one term.

DACA stands Deferred Action for Childhood Arrivals and its beneficiaries can apply for Social Security Number but not a federal financial aid like the regular citizens. As a result, many people are establishing credit yet still need to rely on private student loans to pay for their education (Just like the international students).

Discover unlike most other lenders that will approve students with or without an SSN for a multi-year loan. This makes it easy for students to avoid numerous hard credit inquiries and thus be able to continue building their credit scores. Also, Discover offers a 1% cash reward for outstanding grades, as well as a 0.25 percent interest rate reduction when you choose autopay option for your loan repayment. (Learn more)



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Written by Habeeb


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