International Student Loans Without a Cosigner

Tips on Finding International Student Loans Without a Cosigner

Many international students choose to study at colleges and universities in the United States. It can be very expensive to get a college degree abroad, so many students look to scholarships, grants and loans to help fund their education.

Unfortunately, United States banks do not offer private student loans to international students without a cosigner. Many international student loan programs require a cosigner who is a U.S. citizen or permanent U.S. resident. A few loans do not require a U.S. cosigner, but do require a cosigner from your home country. This International Student Loan blog explains the process.

If you are not an international student but need a student loan without a cosigner - here are your options

Loans for international students are usually going to require a cosigner, either in the United States or from home or both. The interest rates for international students are going to be higher than rates for students who are U.S. citizens. Remember that whatever you borrow, you eventually have to pay back – with interest.

International Student Loans

  • Canadian Student Loan Program is available to Canadian students who plan to attend college in the United States. You must have a cosigner who is a U.S. citizen or permanent resident to apply. This program compares lenders and offers. The available loans offer flexible repayment options and competitive interest rates. Additionally, there is no application fee to use the program. Students may borrow the full cost of their education.
  • Global Student Loan Corporation (GSLC) partners with financial institutions around the world to provide educational loans to international students. GSLC does not require a cosigner from the U.S., but you must have a cosigner from your country. In addition to providing tuition, GSLC also covers expenses such as computers, insurance, travel, communication and housing.
  • Credilia Financial Services is a non-bank finance company that offers private student loans to international students from India. Credilia does not require a cosigner from the U.S., but the student must have a cosigner from India, usually a parent or relative. In addition, the loan is secured by collateral, such as a home or other property. Interest rates begin at 13.5 percent and a choice of repayment options.

Federal student loans may be available to international students who qualify as an eligible non-citizen. According to the Free Application for Federal Student Aid (FAFSA) website, the most common type of eligible non-citizen holds a “green card”. Visit their website for more information concerning eligibility.

Applying for federal aid is simple using the free online application at Before starting the complete application process, use the FAFSA4caster to view an estimate of your eligibility for federal loans.

EducationFinal Words:

My best advice to international students studying abroad is to explore all other options before applying for any private loans. Try to fund your education through scholarships, grants, gift money and work study before taking out any loans.

There may be other options to international students than the ones listed above. Check out for currentinformation.