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.
Are you a German scholar, or do you want to study or research in Germany for an extended period? The Alexander von Humboldt Foundation supports researchers and scholars that come to Germany from all around the world, and it supports German scholars and scientists that research and study around the world. The Foundation has a variety of programs, and they have this to say about their selection criteria:
“If you would like to become a member of the Humboldt Family, only one thing counts: your own excellent performance. ”
Humboldt Research Fellowship Program: With this massive program, the Foundation provides 200 awards each year. The awards support scholars of all nationalities and disciplines, enabling them to carry out long-term research projects (6 to 12 months) in Germany. Fellowships are awarded on the basis of scholarly achievement alone. PhD required, under 40, proficient in German or English, from any country in the world. This fellowship comes with a monthly stipend, travel costs, language training, and family allowances.
German Chancellor Fellowship Program: Under this program, the Foundation provides ten awards to US citizens, each for a one year stay in Germany for research or study. Its a post-graduate or professional award, providing a monthly stipend of 2,000 to 3,000 euro. Application deadline is 31 October, and a bachelors degree is required.
You can see more about the Humboldt Research Fellowship Program and the German Chancellor Fellowship Program on InternationalScholarships.com.
Subscribe to out blog for an update when the next post comes out.
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 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 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 (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.
| CollegeWeekLive International Day December 14th, 7 AM – 7 PM Eastern US Time |
 |
|
|
|
|
|
 |
|
|
||||||
|
||||||||||||
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.
As we did last year, we would like to provide a quick update as we start 2010 for international students looking to finance an education in the US. We begin 2010 in a much more settled position that we did 2009, with loans available, but still with constraints to education financing as a fallout from the worldwide economic turmoil over the past two years.
Although many lenders have gone out of business or canceled their international student loans, and private loans in general have been cut back dramatically, International Student Loan has loans available to international students in the US. These loan programs require a co-signer with excellent credit, and require “school certification.” Visit International Student Loan and click the Apply Now button to begin your online application.
There are no longer any direct-to-consumer, non-school certified private student loans available to anyone. These DTC loans – ones that did not need to be certified by your school, and therefore could process very quickly and let you borrow more than the total amount that your school permits – were very popular with international and US students. But because of perceived and actual abuse, DTC student loans are gone and may not come back any time soon.
For international students, the basics of sound education financing become even more important. Those basics haven’t changed:
1. Be very realistic about your budgeting and financial needs, and choosing a college that is within your budget. Visit these two posts to see more on being realistic about your choice of college and setting an accurate school budget.
2. Consider a community college for the first two years of your education. Visit this post to learn how international students save money at community colleges.
3. Get as much in scholarships as you can. Start with your school, your government, and look online on sites like International Education Financial Aid.
4. If you need loans, check with International Student Loan and your school about the availability of a loan program for you.
Best of luck as we begin 2010. From an international education financing perspective, things are much better than last year, but we still have a long way to go to make an international education affordable to anyone with the initiative to pursue one!
Click here to subscribe to our blog and get an update when the next post comes out.
