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Have you ever wondered if it’s possible to get a student loan for an American university as an international student? You’re definitely not alone. Many international students face major challenges when it comes to funding their education in the United States.
In this post, we’ll walk you through how to get a student loan as an international student in USA. We’ll also review two top lenders – College Ave and Sallie Mae – to see what options they offer for international students. Plus, if you’re ready to apply, you’ll find helpful affiliate links that could even score you a discount!
Let’s dive in.
Can International Students Get Student Loans in the U.S.A?
The short answer is yes, but there are important things to understand.
A student loan for international students is essentially a private loan that helps fund your education in the U.S. However, these loans often require a U.S. citizen or permanent resident as a co-signer because international students typically don’t have a credit history in America.
Some lenders do offer loans without a co-signer, but you must demonstrate strong creditworthiness and income.
What About Federal Student Loans?
Unfortunately, federal student loans are NOT available to international students. These loans are funded by the U.S. government and are only for U.S. citizens and eligible non-citizens.
That’s why international students have to rely on private student loans.
How to Get a Student Loan as an International Student in USA
Getting a student loan as an international student in the U.S. can be challenging but possible. To get a student loan as an international student in the U.S., you will need a U.S. citizen or permanent resident as a co-signer because international students often don’t have a U.S. credit history. While federal student loans aren’t available, private lenders like College Ave and Sallie Mae offer good options.
Let’s look at the available loan options for international students.
College Ave: Best Students loan in USA
College Ave is an online student loan portal that arranges loans through different banks. They don’t directly lend you the money, but they match you with lenders who do.
Their biggest advantage?
They offer a fast and easy pre-qualification process that does NOT affect your credit score. You can check your eligibility without hurting your credit!
Loan Requirements
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Must be at least 16 years old.
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Must have a Social Security number (unless applying with a co-signer).
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Must be enrolled in an eligible U.S. school.
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International students typically need a U.S. co-signer.
If you meet these, you can apply and potentially get offers immediately.
Loan Terms and Rates
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Loan amounts start from $1,000 up to the full cost of attendance.
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Fixed rates start at 3.89%.
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Variable rates start at 5.59%.
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Repayment flexibility: You can make minimum payments, pay interest only, or defer payments while studying.
College Ave encourages early payments by offering slightly lower interest rates if you start paying while in school.
Key Benefits
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Pre-qualification without credit impact.
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Flexible repayment terms.
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Lower starting interest rates.
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Option to refinance existing student loans.
Note: Their maximum interest rates are higher compared to some lenders (almost 18%).
Sallie Mae: Best Student loan in USA
Sallie Mae is a major player in the student loan world. Originally a federal loan provider, they now offer private loans for undergraduates, graduates, career training, and even part-time and international students.
Unlike College Ave, Sallie Mae does not offer pre-qualification.
When you apply, it will trigger a hard credit inquiry, which affects your credit score.
Loan Requirements
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Provide personal and school information.
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Know your school’s cost of attendance (including tuition, meals, books, etc.).
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Ideally have a U.S. co-signer, but not mandatory if you meet credit requirements.
Tip: Having a co-signer can help you qualify for better interest rates.
Loan Terms and Rates
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Fixed rates start at 3.99%, up to 15.49%.
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Variable rates start at 5.37%, up to 15.70%.
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Repayment options: Pay while studying, pay a flat $25 monthly fee, or defer payments until after graduation.
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Standard late payment fee of $25.
Although Sallie Mae’s starting rates are slightly higher than College Ave, their maximum rates are lower, making them a good long-term choice for some students.
Key Benefits
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Covers 100% of certified school expenses.
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Lower maximum rates compared to College Ave.
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Options for loans without a co-signer (if you qualify).
College Ave vs. Sallie Mae: Which One Should You Choose?
| Feature | College Ave | Sallie Mae |
|---|---|---|
| Pre-Qualification | Yes (no credit impact) | No (hard credit check) |
| Starting Fixed Rate | 3.89% | 3.99% |
| Maximum Fixed Rate | ~18% | 15.49% |
| Repayment Flexibility | More options | Fewer options |
| Best For | More repayment choices | Lower max interest rates |
Both lenders are excellent, but your choice depends on your needs:
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Want more repayment flexibility? → College Ave
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Prefer lower maximum interest rates? → Sallie Mae
No matter which one you choose, be sure to apply using the affiliate links provided. They might offer you a bonus or discount not available directly on the lender’s website!
See Also: How to Secure International Student Loans for Free (Without Paying Any Agent!)
Final Thoughts
Getting a student loan as an international student in the U.S. can seem overwhelming, but lenders like College Ave and Sallie Mae make it possible.
Always remember:
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Compare options carefully.
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Check if you need a co-signer.
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Understand repayment terms.
Thank you for reading, and if you found this guide helpful, please share it with other students who might benefit!
Got questions? Drop them in the comments below — we’re happy to help.
Good luck with your studies!
