International students are typically non-U.S. citizens attending college in the United States for a specific period of time. Most non-U.S. citizens can’t take out federal student loans, though there are some exceptions. That means international students who need additional funding often turn to private student loans to help cover college costs.
Know that in general, lenders will require you to have a U.S. citizen co-signer in order to get a private loan. Below we have identified the best options for international students based on features like eligibility requirements, fees and flexible repayment options.
As the world continues to become more interconnected, the demand for international student loans has been steadily increasing. In an effort to help students realize their dreams of studying abroad, we’ve compiled a list of the top 8 best international student loans of 2023.
Before we get into the list, it’s important to consider what to look for in an international student loan. When assessing your options, it’s essential to consider the terms and conditions, interest rates, and repayment options.
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It’s also important to ensure that the loan provider is reliable and has a good track record. Additionally, you should consider whether the loan provider offers any additional features such as budgeting tools, career counseling, or deferred payment options. Now that we have a better understanding of what to look for, let’s dive into the list of the top 8 best international student loans of 2023:
A. SoFi: SoFi is one of the most popular international student loan providers. This company offers competitive interest rates, flexible repayment plans, and budgeting tools to help you stay on track. Additionally, SoFi offers the ability to refinance your loan for lower interest rates if you need to.
B. Prodigy Finance: Prodigy Finance is a reliable loan provider that offers competitive interest rates and flexible repayment plans. This company also offers career counseling services and deferred payment options to help students stay on track.
C. CommonBond: CommonBond is one of the most well-known international student loan providers. This company offers competitive interest rates, flexible repayment plans, and budgeting tools to help you stay on track. Additionally, CommonBond offers the ability to refinance your loan for lower interest rates if you need to.
D. College Ave: College Ave is a reliable loan provider that offers competitive interest rates and flexible repayment plans. This company also offers career counseling services and deferred payment options to help students stay on track.
E. MPOWER Financing: MPOWER Financing is a reliable loan provider that offers competitive interest rates and flexible repayment plans. This company also offers career counseling services and deferred payment options to help students stay on track.
F. Flywire: Flywire is a reliable loan provider that offers competitive interest rates and flexible repayment plans. This company also offers budgeting tools to help you stay on track. Additionally, Flywire offers the ability to refinance your loan for lower interest rates if you need to.
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G. USAC: USAC is a reliable loan provider that offers competitive interest rates and flexible repayment plans. This company also offers career counseling services and deferred payment options to help students stay on track.
H. Stilt: Stilt is a reliable loan provider that offers competitive interest rates and flexible repayment plans. This company also offers budgeting tools to help you stay on track. Additionally, Stilt offers the ability to refinance your loan for lower interest rates if you need to.
I. SunTrust: SunTrust is a great option for international students, offering loans with no origination fees and competitive rates.
J. Wells Fargo: Wells Fargo offers international student loans with no origination fees and competitive rations available to students in 2023. When choosing the right loan provider for you, it’s important to consider the terms and conditions, interest rates, and repayment options.
Additionally, it’s essential to ensure that the loan provider is reliable and has a good track record. Fortunately, the top 8 best international student loans of 2023 offer a wide range of features to help students realize their dreams of studying abroad.
