Are you a student, looking for how you can finance your Education? Globally many lenders can finance your education in the USA. It is also difficult for students to find guarantors for their loans. Worry no more because there are lenders for whom you do not need a guarantor to be given out the loan.
Though most lenders require a guarantor, there are lenders for international students where you do not need a guarantor.
International education loan is mostly available for citizens outside the USA. Most foreign students apply for this loan to aid them in reducing the cost of studying. An education loan can cover the whole cost of school.
Top education loan lenders without a guarantor.
- MPOWER private loan
- Prodigy private student loan
- Sallie Mae Private student loan
- Ascent credit-base student loan
- Earnest Private student loan
- Discover undergraduate and graduate student loans
- LendKey private student loan
- Brazos’ private student loan
- EDvestinU Private student loan
1. MPOWER PRIVATE LOAN
Benefits:
- No prepayment penalty
- Supports 400+ USA and Canadian schools
- Visa support
Loan terms.
No fee paid out of pocket, 100% Educational fund, and get visa support to the US.
2. PRODIGY PRIVATE STUDENT LOAN.
Loan offered with no co-signer and no collateral. Application is done online and it has no hidden fee. It also offers loans for tuition and living cost.
Join over 850+ schools in 150 countries under this lender today.
3. SALLIE MAE PRIVATE STUDENT LOAN.
This is one of the lenders that offer student loans in different categories. They offer loans on:
- Undergraduate students loans
- Career training student loans
- Bar study loans
- Graduate school loans
- MBA loans
- Medical school loans
- Medical residency loans
- Dental school loans
- Health professions graduates
- Law school loans
4. ASCENT CREDIT-BASE STUDENT LOAN
Benefits of Ascent student loan:
- Affordable
- Repayments on your terms
- Fast and easy
- Free resources and apps
- Builds credit on your name
See more on this page: https://www.ascentfunding.com/
Many lenders support international students with school loans with similar characteristics as the above lenders. They include:
- EARNEST PRIVATE STUDENT LOAN.
- DISCOVER UNDERGRADUATE AND GRADUATE STUDENT LOAN
- LENDKEY PRIVATE STUDENT LOAN
- BRAZORS’ PRIVATE STUDENT LOAN
- EDVESTINU PRIVATE STUDENT LOAN.
APPLYING FOR STUDENT LOAN.
Before you decide on the loan application, make sure of the school you will study from, and calculate the amount you need to borrow. After that, you can apply for a private student loan on the lenders’ website, also check the lenders available from your school’s portal.
The things to know before you apply for this loan:
- You will have to choose the repayment interest rate type and repayment options.
- You can apply with a guarantor (optional for the above lenders)
- You must fill out basic personal information.
- You must fill out your financial information.
BENEFITS OF PRIVATE INTERNATIONAL LOAN.
- Easy lending requirements. This type of loan is very easy to acquire so long as you are a student who will be taking studies in the United States.
- Wide range of choices on lenders and services. This privilege is brought about by a large number of lenders in the US. You can borrow any amount that covers your fee, cost of attendance, room fee, and also living expenses.
- Students with good credit history get good terms. When you are qualified, you get very competitive rates for loans. They are also affordable.
DISADVANTAGES OF INTERNATIONAL STUDENT LOANS.
- REPAYMENT IS LESS FLEXIBLE. there is no repayment plan from the lender, you are required to repay the loan in a given time
- NO LOAN FORGIVENESS. In private student loans, there is no forgiveness, even if you have paid your previous loans
- INTEREST IS NOT FIXED. Sometimes the loan interest is very high
- YOU MAY NEED A GUARANTOR. In most cases, private student loan lenders require you to have a guarantor. Your guarantor should be financially stable with a good credit score.
Conclusion.
Private student loan lenders have helped a lot of students in attaining their dreams from all over the world. The lifestyle in the US. Is much more expensive hence making the loans come in handy. Follow this website for more blogs on loans