Taking a look on the internet for the kind of financial aid available for international students does not produce the results that most other searches do. Often, one might think it does, only to read a particular college's mission statement on financial aid for international students and find that it is completely null and void. However, there is some hope out there for international students who wish to study and attend a college or university within the United States.
From what it looks like, students from the United States who want to study abroad in either countries - either for simply a semester or two, or for the entire course of their college career - fare far, far better than international students who wish to study in the United States. Students from the United States - or eligible non-citizens and permanent residents - have their choice of several different types of financial aid packages for studying abroad. They can receive Study Abroad Loans, which fund them if they wish to spend a semester or two abroad. They can also receive Foreign Enrolled Loans, which is available for students who wish to pursue a degree in another country, as long as the university or college they choose is an approved one. As well, American students wishing to study abroad can rely on Stafford Loans (as can non-citizens who meet the eligibility requirements) - again, as long as the college or university they choose is an approved institution.
Depending on the financial aid offered in an individual international student's country, he or she might be out of luck. There are certain corporations and programs which offer financial aid for international students, such as Sallie Mae and InternationalStudentLoan.com, but for the most part, the pickings are rather slim. In some cases, international students must first qualify for a visa. Most schools in the United States do not have the resources for financial aid for international students. However, some banks and other third-party companies within the United States also have ways of providing aid to international students. In most, if not all, of these cases, the international student must have someone within the United States - who must be a valid citizen or have a green card - to act as a cosigner for their loans.
Likewise, international students are generally not considered eligible to fill out and submit FAFSA forms because they are not United States citizens. However, with guidance from the appropriate sources, there might actually be ways around it.
The one good thing is that the desire of students inside and outside the United States to study in another country is growing every single year. As the popularity increases, the possibility for financial aid for international students will go up with it, opening up more and more possibilities for international students who wish to study in the United States. That does not help much now but until that finally comes to pass, there are possibilities available now, as well as a variety of private and third-party loans, just as long as the international student in question has someone in the United States willing to cosign a loan.
Article Title : Finding Financial Aid For International Students
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!
How EdFed Helped others!
By consolidating through EdFed, I locked in my current low interest rate, beating the rising rates. Then they went one step further and reduced it an additional 1.25% through their exclusive benefits. EdFed is the lender that takes consolidation one step farther. - Jamal B. Atlanta, GA
Student Loan Consolidation Info - How to Choose the Right Loan Company
The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.
Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.