Top 10 International Student Loan Lenders in the USA

Top 10 International Student Loan- students who cannot fund their study expenses can apply for students loans as it forms a way of supporting students to make them achieve their educational dreams. In the United States, students loan is easily accessible to citizens while it is not for non-citizens. Federal student loans are always available for US citizens while privately-owned organizations mostly offer international students loans.

There are many of these organizations (privately-owned student loans) in the United States, with different loan terms and the likes. We are going to explore the top 10 international student loan lenders in the USA, and their terms, and their terms and conditions.

Top 10 International Student Loan

What’s Student Loan

A student loan is a type of loan that helps students to fund their education and the associated fees, such as tuition, books and supplies, and living expenses. It is designed to offer support for students who cannot attend college due to financial reasons. The loan doesn’t require a credit history and has lower interest rates with different payment options.

Factors to Consider in Selecting a Student Loan Platform

Many platforms offer student loans for international students. They though have similar modes of operations, but their interest rates, payment method, and loan costs are different. These differences are some of the factors you need to consider choosing the best student loan. These factors are:

  1. Loan Costs

The first thing to consider when applying for a student loan is to consider how much you need to borrow, this is because each lender service has a loan limit which is called “maximum financial aid”. The limit tells what minimum or maximum amount you can be borrowed.

2. Repayment Policy

Another important factor to consider in selecting a lender is the repayment policy. Most lenders require borrowers to immediately start repayment within a couple of months, while others have various options. It is advisable to consider the ones with different repayment options.

3. Cosigner Rules

If you don’t have good credit or low income, you might be required to bring a cosigner before you can qualify for the student loans owned by private organizations. Parents or other trusted relatives can be your cosigner. The cosigner will be equally responsible for the debt which means if you miss the repayment, your cosigner will be a hook. Few of the lender services don’t require cosigners.

4. Interest Rate

This is supposedly the most important factor. All loans of any type come with an interest rate but it differs from platform to platform. So, in selecting a student loan service, you must consider its rate in comparison with hotplate another her platforms the interest rate for student loans by private lenders is 2.5% perm, NH, and this changes from time to time.

Top 10 International Student Loan Lenders in the USA

Having understood the factors to consider in selecting the best student loan lenders in the USA, here are the Top 10 International Student Loan lenders available in the United States of America for international students:


Fixed APR: 14.98% (undergraduate), 12.94% (graduate)

Repayment Options: 10 years

Loan Amounts: $2,001–$50,000

This is one of the top private student loans service available to international undergraduate and graduate students in the USA as well as Canada. It offers loan only to who are studying in any of the approved institutions in any of the country mentioned. Students make interest-only payments while in school for the first six months and six months after graduation. After this period, borrowers make full repayments (interest and principal) until the loan is paid off. There is no application or prepayment fee, but there is a 5% origination fee on every loan. Borrowers are not required to bring a co-signer, and they have access to free visa support letters, immigration resources, and scholarship opportunities.

2. Prodigy Finance

Fixed APR: 5.6%

Repayment Options: 7, 10, 15, or 20 years

Loan Amounts: $15,000

Prodigy Finance is a private company that offers student loans to international students without a co-signer, but it’s only available to students seeking a graduate degree in business, science, technology, engineering, maths, law, public policy, or healthcare. Students can only borrow $15,000 and its interest rates start at 5.6%. Borrowers have three repayment term options, and payments are automatically deferred while in school. There are no application or prepayment fees, but it charges a 4% administration fee on every loan.

3. Citizens One

Graduate Fixed APR: 4.64% – 10.95%

Repayment Options: 5, 10, or 15 years

Loan Amounts: $1,000 to $350,000

This is another student loan service for international students in the U.S. It requires borrowers to have a creditworthy co-signer who is a U.S. citizen or a permanent resident to be qualified for the loan. It gives more priority to graduate borrowers and also offers medical residency and bar study loans making it a more affordable choice for graduate students who have a co-signer.

Its rate is within 4.64% – 10.95% and there are no application, origination, or prepayment fees, and borrowers can choose from four in-school repayment options. There is a 0.25% discount if the borrower is enrolled in auto pay and if the borrower’s co-signer has an account with Citizens One, there is another 0.25% interest rate reduction.

4. Ascent Student Loans

Fixed APR: 3.26% – 11.42%

Repayment Options: 5, 7, 10, 12, or 15 years

Loan Amounts: $1,000 – $200,000

Ascent student loans are also one of the top loan services available to international students who have a U.S. citizen or permanent resident who can act as co-signer. Borrowers will have access to $1,000 to $200,000 loan with payment options of 5 to 15 years. There is no application, origination, or prepayment fees. Ascent gives co-signed loans a 0.25% interest rate reduction for enrolling in autopay and borrowers can get a 1% cashback reward once they graduate from the degree program for which the loan was used to fund.

5. Earnest

Fixed APR: 2.99% to 12.78%

Repayment Options: 5, 7, 10, 12, or 15 years

Loan Amounts: Minimum of $1,000

This is an online loan service that lends current college and graduate students and loans as well as Refinancing Loans, Parent Loans, MBA, Law School, and Medical School loans. Borrowers must have a creditworthiness of 650 to qualify for loans on this platform if there is no co-signer. There is no application, origination,  or late fees. The minimum loan that can be granted is $1,000 which you can pay across five repayment options. Autopay discount is also available.

6. EDvestinU

Fixed APR: 3.91 – 6.28%

Repayment Option: 5, 10, 15, or 20 years

Loan amounts: $7,500 to $200,000

This is another platform that offers private student loans as well as refinances loans to graduate students. The student loan is a program from the nonprofit New Hampshire Higher Education Loan Corp. To be able to access a loan from this platform, you must have a minimum income of $30,000 and 700 credit scores. Co-signers are accepted if borrowers can’t meet the eligibility criteria. The minimum amount borrowed is $7,500 while the maximum is $200,000 which can be repaid across five different repayment options.

7. Citizens Bank

Fixed APR: 2.39 – 9.15%

Repayment Option: 5 or 10

Loan amounts: Not disclosed.

Citizens Bank is a traditional bank in the US and affords non-citizens to take out or refinance student loans. Its private loan is said to be the best for international students and existing Citizens Bank customers. There is a need for creditworthiness to be qualified for Citizens Bank’s student loan or a co-signer in lieu. Amounts that could be borrowed aren’t disclosed but are repayable in either 5 or 10 years. There is a 0.25% loyalty discount for a co-signer who has an account with the bank. Citizen’s Bank is one of the few lenders to provide loans to part-time students.

Also Read: Harvard University Scholarships For International Students

8. U-fi Loans

Fixed APR: 3.59% to 12.37%

Repayment Options: 5 or 15 years

Loan Amount:   $1,000 to $250,000 (undergraduate),  $1,000 to $500, 000 (graduate)

U-fi offers private student loans to undergraduate and graduate borrowers. Also, MBA, Law School, and Health Professions Loans are available. The lender specializes in offering flexible repayment options which are between 5 and 15 years. There is a need for a 680 credit score to qualify for the loan, a co-signer isn’t accepted. Undergraduate loans range from $1,000 to $250,000, and graduate loans range from $1,000 to $500,000, depending on the borrower’s degree type. Lenders offer interest rate discounts for automatic repayment.

9. College Ave

Fixed APR: 2.99% to 12.99%

Loan Options: 5, 8, 10, or 15 years

Loan Amount: Minimum of $1,000

College Ave offers undergraduate, graduate, and parent loans for domestic and international students enrolled at schools affiliated with College Ave throughout the United States of America. It also offers to refinance, MBA, law school, dental school, and medical school. Co-signers are accepted for those with low credit score worthiness. A minimum of $1,000 can be borrowed and different repayment options are available. College Ave’s advantage is speed, with applications that take a few minutes to complete and instant decisions.

10. Education Loan Finance

Fixed APR: 3.20% to 11.99%

Loan Options: 5 or 15 years

Loan Amount: Minimum of $15,000

Education Loan Finance otherwise called ELFI is a student loan refinancing program offered by SouthEast Bank. It offers all types of loans which include Undergraduate, Graduate, Parent Loan, Refinance, Medical School, Dental School, MBA, and Law School. Borrowers must have at least 680 credit scores to be eligible to apply for the loan and co-signers aren’t required. The minimum amount which can be borrowed is $15,000 and can be repaid in 5 to 15 years.


International students loans are offered by private lenders for foreign students who cannot fund their academic programs. There are many of these platforms with different interest rates and repayment methods. Selecting the one to get a loan from should depend on factors like interest rates, repayment options, and others. We have just enumerated the top lenders of students loans in the United States. We hope this will guide you to choose a loan platform to support your study.

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