There are many student loan optionsfor Americans studying abroad. If you are eligible for federal aid,you may be able to use that funding to study abroad. If you qualify for private student loans,you can typically use these as well. Be sure to understand how study abroad loans work and consider your other options before taking one out.
People also ask
Can I use federal student loans to study abroad?
As a rule of thumb, you should always use federal loans before borrowing from a private lender. These typically have lower interest rates, more repayment options, and better financial hardship protections. You can typically use federal student loans to study abroad if your school is already apart of the federal student aid program (which most are).
How can I get funding to study abroad?
You should speak to the university or college you檙e thinking of studying at to see if there is any funding you could get. Normally, students studying abroad for a year of their course would be entitled to a higher amount of Maintenance Loan to help with the costs of living overseas.
Do I need to update my student finance application if studying abroad?
If you had planned to study abroad but will now be studying online with your overseas provider, you檒l need to update your student finance application. Normally, students studying abroad for a year of their course would be entitled to a higher amount of Maintenance Loan to help with the costs of living overseas.
How do I find a student loan as an international student?
Whether you are an international student in the US or a US student studying abroad, finding a student loan doesn’t have to be difficult. With our student loan comparison tool you can find the right loan in seconds ?and then apply online. Why International Student Loans?