Interest Rates Still Low on International Student Loans

June 14th, 2011 by admin

One positive by-product of a relatively weak ecomony is the continuing low interest rates for international student loans for study in the USA. Interest rates for loan programs offered by International Student Loan range from 2.25% APR to 9.11% APR with no origination fees. When you consider that there is no collateral required for a student loan, unlike a home or car loan, it is impressive that student loan programs can operate at such rates. Since student loans are often based on LIBOR, a low LIBOR is certainly helping the situation.

Lenders offered through the loan center on InternationalStudent.com also offer excellent rates, and you can compare and contrast them.  A quick search today showed current APRs beginning at 3.16%.

Private student loans are available for international students studying at approved schools in the United States.  All international students need a US co-signer.  The interest rate for each student is set by the loan underwriter based largely on the credit score and income history of the US co-signer, so a stronger co-signer can mean a lower rate. You can apply for up to the total cost of education, minus other aid received.

Check both options to figure out which works best for you and your school:

http://www.internationalstudentloan.com

http://www.internationalstudent.com/loans/

Subscribe to the International Financial Aid Blog to get an update for each new post.


Hult MBA Offers Scholarships to African Students

February 24th, 2011 by admin

Hult International Business School is a highly regarded business education institution, offering MBA, Masters and Undergraduate programs in five locations around the globe: Boston; San Francisco; Dubai; London; and Shanghai. Hult was ranked the 27th best business education in the world, and the 17th best business education in the U.S. by the Economist Intelligence Unit. The Financial Times has also recognized it as one of the Top 100 business schools worldwide.

Hult offers a very popular one-year MBA program, which allows you to study at up to three of their five worldwide locations. Finishing in one year instead of two, as required by most MBAs, can be a very efficient way to improve your career opportunities faster, saving you money on the way.

Hult also offers scholarships to deserving, accomplished students.  See Hult’s profile page on International Scholarships to see more about their scholarship offer for students from Africa:

http://www.internationalscholarships.com/

Subscribe to our blog to get an update when the next post comes out.


Rotary Clubs a Great Source of Scholarships / Georgia Student Rotary Program

February 4th, 2011 by admin

Rotary clubs around the world are a great source of scholarships for international study, and for any student trying to study abroad, Rotary Clubs should be top on the list to research any relevant scholarships. For instance, Rotary Clubs in the State of Georgia (USA) have sponsored the Georgia Rotary Student Program since 1946.

The GRSP brings in 80 international students per year for one full academic year, and pays their tuition, book allowance, meal allowance and on-campus room, at a college or university in the State of Georgia, USA. To be eligible, you must be between 18 and 25 and be an undergraduate student in your home country, and have never studied in the USA. In addition, you must be recommended by your home Rotary Club. Visit the Georgia Rotary Student Program website to learn more about their international scholarships.

Also, you can read a good story about Benjamin Ikaal from Kenya, who is a Rotary scholarship recipient studying at Valdosta State University in Valdosta, Georgia.

Subscribe to our blog to get an update when the next post comes out.


Ramapo College of New Jersey Offers Full Scholarships to International Students

January 19th, 2011 by admin

Ramapo College of New Jersey is a public, liberal arts college, founded in 1969 and rated by Kiplingers in 2010 as one of the “100 Best Values in Public Colleges.”  With 5,660 students, including several hundred international students, Ramapo offers degrees in the arts, business, the humanities, the social sciences, and the sciences, as well as in professional studies programs such as nursing, social work and Teacher Education.

Scholarships available to international students include the Presidential Scholarship and the Provost Scholarship:

Presidential Scholarship (Full tuition waiver for four years): To be considered for the Presidential Scholarship, an international student must be in the top 10 percent of their high school class with SAT scores of at least 1300 in Critical Reading and Mathematics.    For more information, visit:  http://www.InternationalScholarships.com/Ramapo Presidential

Provost Scholarship ($10,000 per year for four years):  To be considered for the Provost Scholarship, an international student must be in the top 10 percent of their high school class with SAT scores of at least 1230 in Critical Reading and Mathematics.  For more information, visit:  http://www.InternationalScholarships.com/Ramapo Provost

To get an update when the next post comes out, subscribe to our blog.


Zaragoza Logistics Center Offers Scholarships for Students Around the World

December 16th, 2010 by admin

Zaragoza Logistics Center (ZLC) is a research institute established by the Government of Aragón in Spain in partnership with the Massachusetts Institute of Technology and the University of Zaragoza. The mission is to create in Zaragoza an international center of excellence for education and research in logistics and supply chain management that actively engages with industry and the public sector to develop and disseminate knowledge.

ZLC offers several different scholarships, including:

MIT-Zaragoza Eastern and Central Europe Scholarships for students from Eastern and Central Europe that want to study at ZLC;

MIT-Zaragoza African Supply Chain Professional Scholarship for students from Africa that want to study at ZLC;

MIT-Zaragoza Western & Northern European Logistics Scholarship for students from Western and Northern Europe that want to study at ZLC; and

MIT-Zaragoza Supporting Promising Professionals in Logistics and SCM for promising students anywhere in the world.

To learn more, you can click on any of the links above, or visit the Zaragoza site:  http://www.zlc.edu.es

Application deadline is April 15.

Click here to subscribe to the International Financial Aid Blog and get a notice when the next post comes out.


Chat live with 250+ US Colleges and Universities and register to win $2,500 scholarship

December 8th, 2010 by admin

CollegeWeekLive International Day
December 14th, 7 AM – 7 PM Eastern US Time
Chat Live with 250+ Schools FREE! &
Have a Chance to Win a $2,5000 Scholarship!

Sign Up Today!

At CollegeWeekLive, you can…

  • Chat live with admissions reps from hundreds of universities- show your interest!
  • Watch live video presentations about what campus life is like via student webcasts from your favorite schools.
  • Be eligible to win a $2,500 scholarship just for logging in!

  • Register for FREE at www.CollegeWeekLive.com


    International Student Loan Launches New Website

    May 14th, 2010 by admin

    International Student Loan has re-launched its website, with a new loan matching system, improved navigation and an updated design.  International students will now be matched to an appropriate loan product much more quickly, simplifying product selection and application.

    Instead of requiring a student to navigate through the site to the appropriate loan product, now students can use the simple form to quickly find out if they are eligible to apply for a loan, and if so, what loan is appropriate. The new system will also allow International Student Loan to work more easily with multiple lenders, making sure that they can keep up with the rapidly changing market and deliver the best loan products to students.

    The new site also has a cool new look – wider, with more images and a more current look. The content has been updated and added to, so students can get the information they need quickly.

    For international students studying in the USA, and for US students studying overseas, the financing options are more limited than for domestic study.  Through International Student Loan, students can apply for up to the total cost of education, minus any other aid received.  A US co-signer is required for all international students and most US students.

    Check out the new site: http://www.InternationalStudentLoan.com

    About InternationalStudentLoan.com: InternationalStudentLoan.com is owned and operated by Envisage International Corporation and headquartered in Neptune Beach, Florida. As a NAFSA Global Partner and with an A+ Reliability Rating from the Better Business Bureau, InternationalStudentLoan.com has been helping students from all over the world achieve their goals of international education since 1998, and has become the leading destination for international education financing.

    Click here to subscribe to our blog and get an update when the next post comes out.


    Sources of Funds for International Students in the US

    March 5th, 2010 by admin

    Each year, the Institute of International Education publishes the Open Doors Report, packed full of information about international students in the US, US students abroad and trends in international education.

    One of the tables I check out each year is the Primary Source of Funds table. This shows the primary source of education funding for international students in the US, and it really has not changed much over the past five years. The online table is great, and shows that most international students at US colleges and universities still must rely on their own funds to pay for their education — like family funds, loans and savings.

    But the printed report is even better, as it breaks the data down by academic level. IIE just released the full printed 2009 Open Doors Report, and the data shows that the overwhelming majority (81.9%) of international undergraduates in the US are self-funded, while less than half (48.8%) of international graduate students cite personal and family funds as their primary source of funding.

    The next set of numbers shows how those graduate students are funding their education – with help from their school. 43.3% of international graduates receive their primary funding from their US College or University, while the number is only 9.1% for undergraduates.

    Here’s the full data table from the 2009 Open Doors Report showing the primary source of funds for international undergraduate and graduate students in the US:

    Primary Source of Funds % undergraduate % graduate
    Personal & Family 81.9 48.8
    U.S. College or University 9.1 43.3
    Home Government/University 3.9 3.1
    U.S. Government 0.3 0.8
    U.S. Private Sponsor 1.4 0.9
    Foreign Private Sponsor 2.1 1
    International Organization 0.1 0.3
    Current Employment 0.2 1
    Other Sources 1 0.8
    Total 100 100

    Graduate students are much more likely to receive financial assistance from their school, often in the form of assistantships, research grants, etc., whereas very few undergraduates receive any form of aid from their school. This information is quite helpful as you set expectations about how to pay for an international education. There are scholarships for undergraduates, but far fewer than the financing opportunities available to graduate students.

    Click here to subscribe to our blog and get an update when the next post comes out.


    IEFA logo
    Thank you for visiting IEFA.org
    Providing information about international financial aid & scholarships since 1998
    2020 Envisage International Corporation
    224 First Street, Neptune Beach, FL 32266