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PRIVATE (ALTERNATIVE) LOANS FOR UNDERGRADUATE INTERNATIONAL STUDENTS IN THE USA
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Private or alternative loans are offered to undergraduate international students who meet certain criteria by a number of US banks. As well, a variety of organizations and institutions provide private loans to undergraduate international students. In almost all cases, these loans require a US co-signer. A co-signer is someone who guarantees and is responsible for payment to the loaning institution if for any reason you are unable to pay back the loan.
Private or alternative loans are based on credit history and only the lender has discretion on approval of the loan. Most alternative loan programs have similar requirements and limits, mostly differing in guarantee and other fees and repayment options.
Follow the links in the menu to learn more about specific lenders for undergraduate international students.
Note: This is not a comprehensive list. There are a variety of other loan providers that serve the needs of undergraduate international students that target students from specific regions or countries and who meet certain criteria.
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