| As there are different types of loans offered for | | | | - International Graduate Student Loans: |
| studying abroad, for undergraduate students and for | | | | These types of loans are available for US citizens and |
| graduate students and for studying in US. So, there | | | | permanent residents enrolled in TERI approved |
| procedures are different and different principal sum | | | | schools, colleges, and universities in USA who wish to |
| of loan amount can be offered according to the need | | | | pursue study abroad programs through those schools. |
| of a student's educational expenses. | | | | Information required is same as for the |
| - International Undergraduate Student Loans: | | | | Undergraduate Student Loans. This is also not a |
| This loan is available for non-US citizens who are | | | | need-based student loan program. If student has bad |
| enrolled at least as a part-time student at a TERI | | | | credit history, he can go for credit repair options first. |
| approved school. So, applying with a US co-signer is | | | | Qualified co-signer is required as well. Up to $40,000 |
| necessary to get approval for loan, no exceptions | | | | can be given for a year of student's education in |
| are accommodated. | | | | special cases and total up to $130,000 will be given |
| Students need to give information about their Full | | | | for graduate studies abroad. |
| names, Social Security Number, Date of Birth, | | | | - Alternative Student Loans: |
| Permanent Address, Monthly Rent, Home Phone | | | | These loans are for US citizens and permanent |
| Number, Occupation, Employer details, Business Phone | | | | residents attending schools, colleges, or universities |
| number, Gross Annual Income, Proof of enrollment, | | | | within the USA or international students with a US |
| and References. | | | | citizen co-signer. A co-signer is strongly required for |
| The international student loan is not need-based so | | | | both US citizens and non-US citizens. And both the |
| students don't need to worry about it. If the student | | | | student and co-signer must have good credit history. |
| has bad credit history, he should first review the | | | | Information required applying for these loans are |
| credit repair options. A qualified co-signer is a must. | | | | similar to those for International Loans. These types |
| The time of getting a loan depends on different | | | | of loans are also not need-based. Credit review |
| factors i.e. credit history, school, and amount of loan | | | | options must be viewed before applying for loans |
| the student requested for. The maximum of 3% | | | | with bad credit history. Maximum 3% interest rates |
| interest rates will be charged for this kind of loans. | | | | will be charged on these kinds of loans. |
| Undergraduate Students can borrow up to the lesser | | | | Per academic year, a student can be assigned up to |
| of the cost of attendance or $30,000. The total a | | | | $30,000 with a maximum of $130,000 overall for |
| student can borrow for undergraduate studies is | | | | graduate or undergraduate studies. |
| $130,000 overall. | | | | |