Loans That Do Not Require a Cosigner in the US and Canada

May 31st, 2019 by Al C

Loans Without a Cosigner for International Students in the US

International student loans in the USA no cosigner required

If you are already, or are going to be an international student in the US, it will be required of you to have a cosigner while applying for a loan.

If you do require a cosigner, the cosigner must be a US citizen or permanent resident, and they must have lived in the US for more than 2 years. They should likewise have good credit history. Non-US natives and non-US permanent residents are not allowed to be a cosigner for international student loans.

No-cosigner Loans are a Growing Trend

Despite of the fact that most international student loan applications require a cosigner, students attending a growing number of schools and colleges in the US and Canada can apply for a loan without one.

If you do not have a cosigner, there is guidance on how to find one in the International Student Loan Resources, but looking for a “no cosigner loan” could be the best choice for you.

Since most international students in the US don’t have any financial history there, a cosigner joins the loan application process. Approval for the loan and the interest rate applicable are then based upon the perceived reliability of the cosigner.

Knowing the No-cosigner Deal Technicalities

The cosigner is lawfully bound to repay the loan if the borrower does not make the payments.

Don’t have a cosigner? If research doesn’t help you find one, see if a loan that doesn’t require a cosigner is available for you.

With loans that do not require a cosigner, rather than using the applicant’s credit history, lenders assess your education and career path, in addition to other factors when making a decision on approval for a loan. These might include your nation of origin, graduation date, and what school you are attending.

The majority of student loans available for international students are solely for non-US natives who will be in the United States. However, a new option helps students apply for loans at a number of colleges in Canada as well!

Loans for International Students in Canada

International student loans canada no cosigner required

International Students in Canada may now apply for an international student loan without a cosigner!

International Student Loan has partnered with a lender that can offer loans to students from over 190 countries, including the US, who are attending select schools in Canada. Up to this point it has been hard for international students to finance university education in Canada, but thanks to our partner lenders and International Student Loan, there are now various schools in Canada where no-cosigner loans are available.

Loan Application is Now Available

International students at eligible schools can apply for a loan to fund the expense of your education including the cost of tuition, lodging, sustenance, insurance, and supplies. As referenced previously, with this sort of loan, rather than focusing on your or your cosigner’s financial record, the loan specialists take into account different factors.

Considerations for Loan Approval

For example, your education and future career, your nation of origin, your expected graduation date and what school you will be studying at will be considered. Students who are not US natives or permanent residents, and who are going to schools outside the US/Canada are not presently qualified for international student loans.

Students who are not US natives or permanent residents, and who are going to schools outside the US/Canada are not presently qualified for international student loans.

Finding and Comparing No-Cosigner Loans

International students should use the loan comparison tool to see whether they can apply for a loan without a cosigner and if their chosen school is available. Provided that this is the case, they should then be able to review the terms and conditions of the credit agreement and apply online.

While inquiring about a no-cosigner loan, here are a couple of things you should consider:

  • The amount you can borrow
  • The interest rate (and whether it’s fixed or variable)
  • Repayment terms
  • How the loan is disbursed

When your application has been assessed you will get further information about your loan and the terms and conditions. These will cover the financing cost and the total amount you can obtain. These will differ by loan specialist and depend on your circumstances.

No-cosigner Loan Amount and Tenure

No-cosigner advances through our partner have a fixed rate of interest and enable you to access up to $50,000 in a 2 year period. You should state the amount you might want to borrow on your application.

Once approved for the loan, the funds are disbursed directly to your school or college.

The whole process takes around about a month and a half, so you should plan ahead and ensure that you make your application in time.

To check whether there are no-cosigner loans at your school, start with the loan comparison tool.

Find out more about International Student Loans.


€5000 Scholarship to Study a Master’s in Europe

April 26th, 2019 by Al C

Europe - €5000 Scholarship to Study a Master's in Europe

Sponsored by educations.com
Deadline: April 2020

Educations.com believe that students who study abroad become the next generation of globally-minded leaders – and they want more of you to do it!

They’re offering a scholarship of up to €5000 to help cover your tuition fees and get you one step closer to your next great adventure.

What is the €5000 Masters Scholarship in Europe about?

The scholarship will be awarded for the fall/autumn semester and is open to students from any country who will be studying a master’s degree abroad at a European university or school.

Eligibility for the Masters Scholarship in Europe

To apply for this scholarship, you must:

Have applied (or will apply) to a university or school within Europe

The applicant should have already gone through the whole process of application to be accepted as a regular student in any European school. If not, then applicants should have serious intent to study in any European school.

Have applied (or will apply) for a master’s-level degree starting in the Fall/Autumn semester

The applicant must have already applied for entry to any school that is based in Europe as one of their regular students. If this isn’t the case, then the hopeful applicant should show serious intent to study in any European college or university.

Be studying the degree program in Europe specifically (not online or in another country)

The applicant must be currently studying any degree program that is offered by the European college or university. Online courses attended from another country aren’t considered.

Meet necessary requirements

In order to benefit from the masters scholarship study fund, applicants should have graduated and finished a bachelor’s (undergraduate) degree. They should also meet the program’s language requirements, especially that Europe is a multilingual continent.

Spanish, French, and German are some of the top languages needed to be learned, depending on location, alongside the universal language, English. The applicant should also be eligible to apply for any study visa that is relevant to his or her desired master’s degree.

Be a foreign student

The applicant should also have experienced studying abroad. The country where the education took place should also not be the place the applicant was born in. Furthermore, he or she shouldn’t also be a regular resident of the country he or she currently studies in.

What is the ideal candidate to become a masters scholar in Europe?

Globally-minded and interested in other cultures

The applicant should show an interest in other cultures. This is very important, especially that Europe is a continent where people from different countries and cultures live.

The applicant should understand that the world he’s living in is a globalized world where people from different walks of life and from different corners of the globe live together and in harmony. Showing a positive attitude towards the people around him or her are good signs of becoming a scholar.

Motivated and inspired to positively change the world

The applicant should have a set goal in mind, one where he or she is aimed at contributing something productive and positive to the world through the education that they are likely to get. Showing passion and eagerness to improve their skillset and acquire more knowledge for the betterment of society are good signs of a carefully handpicked scholar.

High academic achiever with consistently outstanding grades to prove it

The applicant should be intellectually superior, both academically and in extracurricular activities as well. Those that are academic achievers are given priority as they are the ones who are most likely to excel.

Furthermore, applicants should show a willingness to improve their grades and do the best of what they can to strive for perfection, despite the fact that all are imperfect in one way or another.

Involved in extra-curricular groups and activities

Those who are active and engaged in participating in extracurricular groups and activities are given priority as they show a positive attitude towards their peers. Academic excellence isn’t the only thing considered but social skills as well.

Excited to begin your adventure and share your story with the world

The applicant should show eagerness in starting a new journey of his or her life, knowing that their are endless possibilities around him or her. They should also be excited in sharing their experiences and story with the world, specifically to their families, friends, and peers from their homeplace.

Get more details on the €5000 Scholarship to Study a Master’s in Europe and how to apply.


3D printing competition for international students

March 5th, 2019 by Al C

3D printing competition for international students

Win $1000 & turn your project into a product

Don’t miss your chance to participate in this exciting 3D printing competition for international students!

Show 3D HUBS how you used 3D printing to realize your innovative engineering or design project.

They’re looking for inventors, entrepreneurs and creative talents who push the boundaries of 3D printing to solve real-life problems.

They’re accepting submissions in five categories:

  • Product Design
  • Robotics
  • Sustainability
  • Transportation
  • Healthcare

The deadline for submissions is June 30th

All submissions must present a physical product or prototype. Whole or part of the design must be fabricated through a 3D printing process. We accept submissions from both individual contributors and teams. All contributors must be either current students (in secondary, undergraduate or postgraduate education) or recent graduates that have completed their studies after July 2018.

The awardees will be selected by a panel of experts based on certain selection criteria. The winner of each category will receive:

  • $1000 in grant funding to support their project
  • Exposure to a global audience (powered by 3D Hubs)
  • Technical support to turn their idea into a product

The five finalists of each category will receive a copy of The 3D Printing Handbook and an official finalist certificate.

Apply at internationalscholarships.com

Find more resources at our blog and at IEFA.org

Not for you?

Global Citizen Scholarship


Global Citizen Scholarship

February 28th, 2019 by Al C

Global Citizen Scholarship for international students

Global Citizen Scholarship

Deadline: April 15

Students at select schools can apply for the Global Citizen Scholarship – a $5,000 award granted to students from any country studying in the US and Canada.

Eligibility for Global Citizen Scholarship:

  • The student must have been accepted or enrolled at a full-time program at a U.S. or Canadian school that is an MPOWER Partner College or University
  • For study at a U.S. partner college or university the student must have one of the following immigration statuses: F1 visa status, Green Card holder (permanent resident) status, or a DACA recipient status
  • For study at a Canadian partner college or university the student must have one of the following immigration statuses: permanent resident or Canadian study permit holder
  • The student must be 18 years or older

How to apply:

Visit internationalscholarships.com for application details and to apply for the Global Citizen Scholarship.

Selection:

Winners of the Global Citizen Scholarship will be selected based solely on their short essay response. Essays will be judged based on (1) grammar, vocabulary, and clarity, (2) creativity, and (3) insightfulness and power of story. Scholarship essays will be judged blindly by an unbiased committee.

For the latest information about international scholarships please visit InternationalScholarships.com.

Find resources to support your international education on our resources page.

Read our latest blog posts on the International Financial Aid and College Scholarship blog.


Even international students have to do their taxes!

February 18th, 2019 by Al C

International Student Taxes – International students in the United States are required to file a tax return every year. The deadline in 2019 is April 15th.

International Student Taxes- Students prepare tax paperwork for 2019 tax season

All students and their dependents must file a form 8843 (one form per person).

If you have received any income in the last calendar year then you will most likely Form 1040NR-EZ also.

How to file your taxes as an International Student

There are a number of ways that you can submit these forms:

You can do it yourself because the forms are all available online from the IRS. This means you can print them off, complete them for each family member and submit them directly to the IRS directly for processing.

Do it yourself (with help). InternationalStudent.com has created an online IRS Form 8843 Wizard that pre-populates the Form 8843 automatically for you. You can enter all your details into the web form for them to pre-populate Form 8843 with all your details. Just check it over, sign and date it and send it to the IRS for processing.

Or you can seek Expert Tax Advice. InternationalStudent.com has partnered with Sprintax who provide expert tax advice and assistance (for a fee). You can contact them directly for assistance or advice. This is especially helpful for more complicated tax returns.

Filing your taxes is not optional.

Every international student and their dependents (including spouses and children of all ages) must file their tax if they were in the US during the previous calendar year.

Although it may seem difficult to file your tax return, there are a number of resources to help you comply with the law and your visa regulations.

Find out more at our partner site: InternationalStudent.com

And as always there’s much more International Financial Aid and College Scholarships information at iefa.org and on the blog. And you can contact us or check out our partners for further information.


The 2018 InternationalStudent.com Travel Video Contest Winners Announced

November 16th, 2018 by Juncal


The 2018 InternationalStudent.com Travel Video Contest winners have been announced! For all the ones who have been following the contest, you know that it wasn’t an easy decision for our judges since all the finalist videos were incredible, but they had to come with 3 winners. Today, the last day of International Education Week, we are pleased to announce the final winners of the 2018 contest:

The $4,000 grand prize winner: Mariana Barbosa with Remembering to Live

Mariana is from Brazil, an amazing country that unfortunately, due to all the budget cuts, had to cut off student scholarships at federal universities. For this reason, Mariana put her eyes on another country that will bring her more opportunities and new experiences, Canada! Mariana will walk away with the $4,000 grand prize to help her study in Canada!

The second place winner ($500): Prabhat Gurung with: Me and my Camera

Prabhat is from Nepal and he moved to New Jersey to began his undergraduate education. In the United States, Prabhat has made new friends and shared his culture with his fellow international peers. It’s there where he found out what his true passion was: a camera. He wants to go home and share with his people everything he has learned while being abroad. Prabhat will receive $500 to help him pursue his dream of  sharing the beauty of Nepal with the world!

The third place winner ($250): Hoang Thuy Ha with Why Later?

Hoang is from Vietnam and found in dancing a therapy that made her a more confident person. She found this passion at the age of 30 and advises you not to wait any longer to follow your dreams. She will take home $250 to help her study dance therapy abroad.

Next year InternationalStudent.com will host their annual Travel Video Contest and you won’t want to miss out! Check back on September 2019 for your chance to enter the contest!


The 2018 InternationalStudent.com Travel Video Contest Finalists and Viewers’ Choice Winner Announced

November 15th, 2018 by Juncal

In late August InternationalStudent.com invited you to participate in their annual Travel Video Contest where students can create a 4 minute or less video describing their proposed study abroad, or any trip they would like to take if already studying abroad. After receiving numerous entries with emotional and inspiring videos, InternationalStudent.com has announced who the lucky finalists are, including the Viewers’ Choice Winner.

We encourage you to watch their amazing videos and listen to their unique stories- perhaps one of your favorites was nominated within the 12 finalists! To choose the three final winners, InternationalStudent.com has a Judging Panel comprised of leaders in international education.

As well as watching the 12 finalist videos, we encourage you to check out the Viewers’ Choice winning video: Leaving Routine Behind, created by Kaleema Lowery, who is actually participating for her second time in this contest! Winning the Viewers’ Choice Award means she not only will receive $1,000, but also gains automatic entry into the finalist round. Check out Kaleema’s video and let her tell you her story through her moving video, where she shares her desire to visit and live in South Korea in order to leave the routine behind.

Stay tuned as the 3 winners will be announced during the last day of the International Education Week: November 16th! If you’re interested in entering this Travel Video Contest next year make sure you sign up to receive the latest alerts from InternationalStudent.com.


University of Arizona International Tuition Award

October 24th, 2018 by Juncal Caballero

University of Arizona
Deadline: April 1st

Looking to study at the University of Arizona (UA) but can’t afford the tuition? This is your chance! The UA is offering Tuition Awards to international students that go from $4,000 to $24,000 per academic year.

The University of Arizona is one of the United States’ most respected public research institutions. The UA provides more than a world-class education, they help students develop the necessary skills of discovery, research, and creativity and that’s why you can’t miss this opportunity to study there!

What’s the scholarship about?

In recognition for students who exhibit an outstanding academic performance, the University of Arizona offers the International Tuition Award which offers $4,000 – $24,000 per academic year for freshman, and $5,000 per academic year for transfer students.

Eligibility:

  • International applicants whose primary language is not English, or who attended school in a non-English speaking country, must prove English proficiency.
  • Must verify your lawful presence as described under Arizona’s Proposition 300.
  • Semesters without lawful presence verified will be lost and counted against the scholarship’s total eight semesters.
  • Awards are for undergraduate studies only.
  • In addition to the criteria above, submit a complete application and all required documents.
  • Scholarship recipients must accept their award by paying their enrollment fee by May 1 for freshmen and by June 1 for transfer students.
  • Sponsored students are not eligible. However, if sponsorship is for years two – four only, a one time award may be applied per the charts above.
  • Non-degree seeking, exchange, and conditionally admitted students are not eligible.

If you meet the criteria, be sure you submit your application on time for the next fall semester!

Get more details on the University of Arizona International Tuition Award and how to apply.


Enter the 2018 InternationalStudent.com Travel Video Contest!

September 8th, 2018 by Juncal Caballero


The 2018 InternationalStudent.com Travel Video Contest
Deadline: October 9th

The InternationalStudent.com Travel Video Contest is back and is open for entries until October 9th! If you are planning to become an international student or if you are already one, this contest is a great opportunity for you! Keep reading to get all the details about the InternationalStudent.com Travel Video Contest!

What is it about?
You will need to create and submit an original video before the deadline to be considered for a $4,000 grand prize. One lucky winner will receive the grand prize and their very own blog on InternationalStudent.com. There will also be a second place, third place and a viewers’ choice winner. The grand prize winner will be announced on November 16th.

To be eligible you must be 18 or older and already enrolled or planning to enroll in college or university outside of your home country. If you are currently studying outside of your home country, your video must describe any trip you would like to take. If you are not currently studying outside of your home country, your entry must describe your proposed study abroad.

Your video must be created specifically for the current InternationalStudent.com Travel Video Contest with a maximum length of 4 minutes.

Make sure you read the full list of rules and regulations before you enter. You would also want to check the tips & tricks section and view the past winners, as well as see who will be judging your video.

Get more information on how to enter the 2018 Travel Video Contest!


Westbon Scholarship for International Students in the U.S.

July 6th, 2018 by Juncal Caballero

Westbon
Deadline: October, 15

Westbon is the first lending platform for international students in the U.S. Based in Chicago, they specialize in providing auto loans and personal loans for their customers, who have always been an underserved group due to their lack of a Social Security Number (SSN) and credit history.

Westbon is dedicated to assisting international students in their pursuit to study in the United States and is always amazed by how vibrant and talented the international student community is.

To help international students further pursue their dreams in the U.S., Westbon has established a scholarship program for international students who are on F1 Visa in the United States. Regardless of your fields of study, Westbon is happy to offer the assistance you need for your college studies in the United States.

Eligibility

To qualify, you must be:

  • International students on F1 Visa with valid I20
  • Undergrad, master students all welcomed to apply
  • All nationalities and majors are welcomed to apply
  • Minimum GPA 2.70 out of 4.00 or equivalent
  • Online application form
  • L20 & Transcript
  • Supporting documents if necessary

What are they looking for?

Applicants who have the excellent achievement and great potential in academic, extracurricular activities or social fields.

Academic

  • Applicants who excel in their study with demonstrated academic performance.
  • Please provide your most recent transcript. Supporting documents like recommendation letters from your professors or supervisors are recommended but not required.

Adventurous/ Creative

  • Enthusiastic travelers who have seen and witnessed the true beauty of the world.
  • Talented artists and designers who have an amazing, stunning portfolio.
  • Adventurers who have an amazing story to tell.
  • It all depends on your experience and endeavors.

Social Impact/ Leadership/ Entrepreneurship

  • Candidates who have entrepreneurship spirit, a significant social impact, or the ability to influence others in a positive way.
  • Candidates who have shown leadership in extracurricular activities or won recognition within the international student organization and communities.

All undergraduate and master program students are welcome to apply. You can find further details here.


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