10 Best International Student Loans In The USA

Studying in the U.S. may need you to secure additional financial assistance to make that dream possible. This guide will review the 10 Best International Student Loans in the USA available for students who want International Student Loans in the USA to further their education in the USA.

As an international student, you can apply for loans to help pay for college, significantly as the cost can add up when tuition, transportation, room and board, books, health insurance, supplies, and other expenses. International student loans in the USA are available year-round and can cover the total cost of school minus any other financial aid received.

International student loans usually offer:

  • No collateral is required.
  • Flexible repayment terms.
  • Online application, etc.
Best International Student Loans In The USA
Photo credit: Navi

These are the 10 Best International Student Loans in the USA

MPOWER Financing

Many international students don’t have the option of having a U.S.-based cosigner, and borrowing in their own country may require collateral. MPOWER Financing offers private International Student Loans in the USA that don’t need a cosigner.


MPOWER is a private student loan available to international undergraduate and graduate students within two years of graduating or about to begin a one-year program at one of 350 approved schools in the USA.

Students make only interest for payments while in school for the first six months and six months after graduation. MPOWER is one of the best International Student Loans in the USA for borrowers without a cosigner because of the availability of loans for undergraduate students and access to free visa support letters, immigration resources, and scholarship opportunities.

Prodigy Finance

Prodigy Finance offers private International Student Loans in the USA to international students without a cosigner. It is only available to students that want a graduate degree in science, business, math, technology, engineering, law, healthcare, or public policy. Students have three repayment term options, and the payments are habitually deferred while in school, although you can make payments anytime without penalties. You don’t need application or prepayment fees, but Prodigy does charge a 5% administration fee on every loan. Prodigy is desirable for eligible students because of its simple interest rates.


Citizens Bank

Citizens Bank provides loans to international students with a creditworthy cosigner who is a USA citizen or a permanent inhabitant. There are no origination, application, or prepayment fees, and borrowers can choose from four in-school repayment options and three terms. Citizens Bank provides some of the lowest interest rates, mainly for its graduate and professional loans. Citizens Bank also offers medical residency and bar study loans, making it a more affordable choice for graduate students with cosigners.


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Ascent Student Loans

Ascent student loans are offered to international students with a U.S. citizen or permanent resident cosigner. There are no origination, application, or prepayment fees, and you can choose from three in-school repayment options and six repayment terms, up to 15 years for fixed-rate loans or 20 years for variable-rate loans. There are sadly some features Ascent provides that international students are not eligible for, including cosigner release, monthly scholarship drawings, and its referral program.



Discover provides private International Student Loans in the USA to international students who are attending U.S. college or university eligible and have a creditworthy cosigner who is a permanent resident or U.S. citizen. Loans do not have a fee, and students have the option of four in-school repayment options but only one term.

Discover is one of the only lenders that offer multi-year approval to students with or without an SSN. This helps students avoid multiple hard credit inquiries to continue building credit. Discover also gives a 1% cash reward for good grades and a 0.25% interest rate discount for enrolling in autopay.


SoFi is an online lender founded by Stanford business school students in 2011. Initially focused on student loan refinancing, the San Francisco-based company added private International Student Loans in the USA in 2019. Choose from undergraduate, graduate, law or MBA, health profession, or parent loans with no fees.


Sparrow was founded in 2020. Sparrow is an online market where students and parents can fill out a single application to see whether they qualify for loan offers from a different lender. Although Sparrow is not a lender, the free service allows you to compare rates across lending partners. Sparrow is also available for private International Student Loans in the USA.



This is the best for small loan amounts and one of the Best International Student Loans in the USA. EDvestinU is the non-profit student loan lending and refinancing organization of the New Hampshire Higher Education Loan Corp. Undergraduate and graduate loans. Student loan consolidation is available to borrowers with fixed and variable rates in select states and Puerto Rico.

College Ave

College Ave provides a solid all-around private loan product with a few exclusive features. Borrowers can choose an eight-year term, in addition to the typical 5, 10, and 15year terms many lenders provide. Borrowers can also get an extended six-month grace period beyond the initial payment-free six months allowed after separating from school.

Sallie Mae

Sallie Mae offers multiple payment reduction options for borrowers experiencing financial difficulty, including a one-year graduate repayment period after leaving school or a reduction of interest rate.

International students can get a loan with the help of a U.S. citizen cosigner. Still, student borrowers cannot get a cosigner release unless they are U.S. citizens or permanent residents when they appeal for the release.



International students applying for International Student Loans in the USA must have a U.S. citizen or permanent resident cosigner to get private International Student Loans in the USA. A few lenders don’t require one, but funding from these lenders is limited. Federal financial assistance often is the better option for students. But federal student loans are limited to U.S. citizens and eligible non-citizens.



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