Best Banks for Student Loans for Internationals

Student Lounge International Students
1

<p>Hi guys,</p>

<p>I will need to take a loan of about $20k a year for the next two years. I'm an international student, and I have someone who has agreed to be my cosigner. </p>

<p>I am wondering if any international/domestic student here has borrowed a loan from a bank or a financial institution in recent years, and have had NO PROBLEMS with repayments, interest rates, or any of that.</p>

<p>I have heard and read so many bad and sometimes horrible things about Sallie Mae and Citibank and I'm too scared to take a loan, even though I really need it. There are only a handful of other institutions that will lend to internationals, namely banks like Chase and Wells Fargo.</p>

2

<p>Wouldn’t your home country be a better option? Fewer hassles if you ask me…</p>

3

<p>Banks in my home country has loan limits of up to $15,000 in total or something, which is less than half of what I need.</p>

4

<p>Tough one… Try asking your American co-signer as he may know a bit more after living there. Also the university officers might be able to help you. I can’t think of anything else :(</p>

5

<p>

</p>

<p>Yea, contact their financial deparment. They would help you out in the best way!</p>

6

<p>Your co-signer in the US better not have a FICO score below 630-650 which is probably subprime and very risky especially after the credit crisis where private lenders withdrew from student loan programs. Now, they probably need a FICO score of 740 to 769.</p>

<p>[FinAid</a> | Loans | Credit Scores](<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid)</p>