| Yearly, there are 200,000 students from the United | | | | The best types of international loans are federal |
| States that study in foreign universities. Because of | | | | loans. The best advice is to apply for all the federal |
| the greater financial commitment, many students | | | | loans, scholarships and grants that you can, and, if |
| forfeit the opportunity because they don't have the | | | | possible, get all of your financial aid from them. The |
| financial help that they need. Somehow the student | | | | other type of international loan is a private loan. |
| has to pay for their air travel to and from the | | | | These have much higher interest and should only be |
| country, local housing arrangements and travel inside | | | | used as a last resort. |
| the country. One solution for students who desire to | | | | The federal loans that most students apply for are |
| study abroad is an international student loan. | | | | Stafford loans. Any students can apply upon showing |
| Many of the students who study abroad apply for | | | | that they have a financial need and that the school |
| grants and scholarships, but even when they receive | | | | they are attending is on the approved list of foreign |
| one, it doesn't pay for all of their expenses. The | | | | schools. |
| advantage of an international loan is that it will pay | | | | If you don't want to make payments while you are |
| for all of your university expenses minus the grants | | | | in school and for six months after you graduate, then |
| or scholarships you have received. | | | | apply for a Stafford loan. They even give you the |
| You must be a U. S. Citizen or have your permanent | | | | benefit of paying your loan back early without |
| resident card in order to apply for an international | | | | charging you any extra. You can, also, follow and |
| loan. You must, also, be enrolled in a foreign | | | | manage your account on-line. They will not do a |
| university for a short time with plans to return and | | | | credit check on you. |
| earn your degree in the United States, or be | | | | Either legal residents or citizens of the U. S. Qualify |
| attending a university on the list of approved schools | | | | for an international student loan. With this excellent |
| on a full-time basis with intention of earning a degree. | | | | opportunity, it's time to go ahead and make plans to |
| To apply for federal international student loans you | | | | get your degree in a foreign university. Don't lose the |
| must have a FAFSA pin number. | | | | opportunity to study in another culture. |