Sunday, 20 October 2013

International Student Loans IEFA


International Student Loans

IEFA has partnered with the leading provider of international student loan programs to provide students around the world with financial aid options to fund their education abroad. Through this site, you will gain access to the only loan comparison tool designed specifically for international students. Simply enter in your information to the loan widget and you will be shown the loan options that are available to you. There are up to 8 lenders who are currently providing financial aid to international students, and more will be added as time goes by so start searching today!

How do I apply for a student loan?

You can compare lenders and apply right online. Instant approval of your loan can be as quick as a few weeks.Click here to start your loan application.


Who is eligible to apply for international student loans?

Students who are not U.S. citizens or non-citizen permanent residents and who are attending an eligible U.S. college or university. Borrowers are required to have a creditworthy cosigner who is a U.S. citizen or a non-citizen permanent resident. Students who are not U.S. citizens or non-citizen permanent residents and who are attending schools outside the U.S. are not currently eligible for our loans.

I'm a non-US citizen nor a US-permanent resident studying in a destination outside the US, am I eligible for a loan?

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.


When I take out a student loan, how much do I pay back and when?

The interest rate and repayment will depend on the loan option and lender you select. After you select the loan that works best for you, you will need to review the terms or contact the lender directly with your questions. The interest rate is calculated based on an index plus a margin that will add an additional percentage interest rate depending on your cosigner's creditworthiness. Based on their creditworthiness, an additional interest rate will be added to the index which will be the total interest rate you owe and at that point you can determine whether you'd like to proceed. Every lender's range varies so it is important to do the loan comparison and review the interest rate and repayment terms.

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