As mentioned, there are loans available to international students for international students wishing to study in United States or Canada. The number of students from around the world who want to do this is increasing exponentially every year. In general, international students who wish to apply for student loans must meet eligibility requirements and certain criteria, such as their school of choice must be approved by a TERI school. In addition, a student must have someone in the United States that is willing to cosign your loan.
For students in the United States and Canada who want to study abroad, there are an incredible number of lending options for international students. There are loans for studies abroad, which apply to students who are U.S. citizens and permanent residents who are currently enrolled in school attending in the United States. This loan is excellent for students who only intend to study abroad for a short period of time - a semester or two.
The loans are enrolled in foreign loans for international students offered to U.S. citizens and residents who wish to receive a degree from a school outside the United States - to the extent that it is a recognized school. This program provides funding for the entire length of a student at the university.
The ever-popular Stafford loans are also available, either U.S. citizens or non-citizens who meet the eligibility requirements (ie permanent residents). Applies to students who wish to study abroad while they are still enrolled in a college or university in the United States, but also to students who want to enroll in an international school.
Scholarships and grants are also available for students who want to study abroad or here in the United States. However, they are often not sufficient to cover the amount of money a student will need. The purpose of student loans is to bridge the gap and ensure that a student wishing to study in another part will finance and the means. In recent years, studying abroad has been difficult due to high costs, but with the desire of students to study abroad is increasing every year, more and more international student loans available each year in counterpoint.