International Student Blog
How to Find an Education Loan

How Does an International Student Get an Education Loan?

Refinancing Education Loans

Besides leaving your home country to come study in the United States, oftentimes the most difficult part about studying abroad for international students is securing the funding, or finding an international student loan, in order to study in the United States. Higher education in the United States can be expensive, and more so for international students.

International students are not able to receive education loans from the United States government. However, that does not mean there are no options for international students to receive loans. Thankfully, there are a number of options available.

Financial Aid

One way to receive funding for your education is through financial aid packages from your university. Each university differs in the packages they have available and the requirements to be eligible for a package, so it is suggested that you contact your university in order to find out more information about the financial aid that they offer. US News offers a list of the top ten universities that award the most financial aid to international students. These universities include the University of Chicago, Harvard, and Yale. If a school does not offer a financial aid package, some schools offer loans.

Cosigner v No Cosigner

If you do not qualify for financial aid or your school does not offer loans, there are still other options available to international students. There are companies out there who give education loans to international students if they have a cosigner who is a permanent United States resident (green card holder or U.S. citizen), which can be difficult for an international student to find.

Still, even without a cosigner, there are other lending options for international students to secure funding for the studies in the United States. Undergraduate juniors and seniors, and graduate students attending a variety of schools in the U.S. may have this option. There are a number of variables that determine if an international student is able to get a loan. Nomad Credit can help you find these lenders.

Home Country Options

There are also options available to secure lending in your home country with a cosigner from your home country. For example, if you are an Indian and wish to come to the United States to study from India, you can receive a loan from an Indian institution. This could potentially be a better option because you may not require a cosigner. These are available from different banks and credit unions, and some may even have study abroad plans that cover not only tuition but other expenses as well.

Some Tips

In order to secure funding for your studies in the United States, there are a few tips we have to help you in your search for loans.

  • One, as mentioned earlier, do your research, start it early, and take your time with it.
  • Even if you have not been admitted into the program or school you wish to be admitted to, you should still start researching your options so you are not scrambling last minute.
  • Also, if you feel like you cannot secure the proper funding, it allows you to look into other education options as well.
  • We also suggest asking many questions.
  • There are a lot of variables and terms that come with loans, so the more you know, the less you will be surprised in the future.
  • Finally, if you have been admitted and have not looked into loan options yet, get on it right away; do not wait a long time to apply for a loan.
  • This will help speed up your visa application process to prove you can fund your studies in the United States.

We understand that finding the right loans to fund your study in the United States can be difficult. At Nomad Credit, we strive to help international students find funding for their studies. For more information, visit We will happily help you find the best option for education loans or study loans as well. If you have any questions, send an email to and we will happily help!



John Romanucci

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