Who are those eligible for the US students’ college loans? Are the loans restricted to only US Students or international students (from different continents and countries) studying in the US can also benefit from such loans??
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Who are those eligible for the US students’ college loans? Are the loans restricted to only US Students or international students (from different continents and countries) studying in the US can also benefit from such loans??
Granting loans to international students in the United States depends on the type of loan and the type of study program. Unsecured loans, such as credit cards, are easier to get for students, as long as they have a social security number. Some banks, especially those affiliated with the university will work with international students without an SSN as well. Granting higher loans can be available to only students who can provide a steady source of income. The higher the loan amount, the tougher it will get for an international student, because banks find it quite risky to lending to students who do not have a high income and won’t stay in the country for the duration of the loan.
That is based on what country you’re from and what collateral you and your family have. Any such loan should usually be secured in your home country, since in most cases international students have no credit history or assets in the US. So for instance if you live in India and your family owns their house, they would go to an Indian bank and apply for a loan using the house as a collateral. There are no legit sources of loans for this purpose in the USA who will lend a large sum to an international student without hard collateral assets.