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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 financial aid to study abroad?
Undergraduates can use a Direct Subsidized or Direct Unsubsidized loan, and graduate students can take out Unsubsidized or Direct PLUS loans (also available to parents of dependent undergraduates). One drawback: federal grants are not accepted for overseas study, so you will have to depend on other forms of aid.
How much can you get for study abroad loans?
However, StudyAbroadLoans.com will lend up to $50,000 per year for study abroad, so it’s a good choice if you need a large loan. The StudyAbroadLoans.com program does not have as many approved schools, so if you do not see your school listed on that site, check out the InternationalStudentLoan.com study abroad loan program described above.
Can I get a maintenance loan if I study abroad?
If you’re studying in China, Japan or Russia for a whole year of your course, you can ask to get your Maintenance Loan payments in one instalment. If you檙e studying abroad, you could also get a Travel Grant to help with extra costs. Under the Erasmus+ or Turing scheme , you can study part of your degree in one of 32 countries across Europe.