Sallie Mae loans for international students in United States

Author: Sally Croft

Sallie Mae one of the most trusted names in the students loan market, has various schemes for International students studying in the US. Certain basic conditions are to be satisfied so as to enable students to apply for such loans. They are as follows:

Students applying for loan are not US citizens.
Students should be attending a US college of university for short term abroad programs or full term degree program.

Loans available for international students in United States
Having ensured compliance with the basic requirements stated by Sallie Mae lending company, let us now proceed to know the various loan schemes available with them

Signature Students Loan:

It is a credit based loan which is privately insured. Students willing to apply for this loan are required to satisfy the following

The student is enrolled at least half the time in a four or five year course in a college or university recognized by the US Department of Education.
Studying a graduate or undergraduate degree program.
The application is made along with a cosigner who is a US Citizen or a permanent resident.

MBA Loans:

The entire cost of the business education can be financed with the help of this loan.
. An international student is required to apply along with a cosigner who is a US Citizen or a permanent resident.

. Ensure the school you choose to study participates in this programs.

. You are eligible to participate even if you are enrolled for a less than half a term course.

LAWLOANS Private Loans :

You can finance the entire law program with the help of this loan

Apply along with a eligible cosigner who is a US Citizen or permanent resident.
Apply even if you are enrolled for a less than half the term program in a ABA approve graduate law program.

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Satria says:

October 9, 2008 at 1:37 pm

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admin says:

October 10, 2008 at 5:30 am

Thanks Satria, for liking the blog, feel free to share the information with your friends as well. I have checked your site & found it helpful & informative!

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February 5, 2009 at 1:54 am

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uttedevegilla says:

February 9, 2009 at 6:36 am

Hi, cool site, good writing

SoujaBoy81 says:

March 17, 2009 at 2:11 am

There is obviously a lot more to figure out about this issue, but you made some really good points. I will definitely be checking here more often. Thank you.

Sally Croft says:

March 17, 2009 at 11:48 pm

@ SoujaBoy81 @ Uttedevegilla thanks for your appreciating comments, do visit the site even more often.

McVee says:

April 12, 2009 at 6:21 pm

Hie! I’ve been to the Sallie Mae website a couple of times & on the Signature Student Loan page it’s indicating that the loans are available for programs that begin on or before June 30th, 2009. What does this mean for some of us starting college in August?? Also, how has the credit crunch affected approval rates for International students seeking loans to study in the US? Info will be much appreciated. Thanks!

April 13, 2009 at 12:59 am

@ McVee : Best is you check with Sallie Mae site on your own. Leave a question to them on ‘contact us’ form with your valid email Id.
Credit crunch has affected our lives in many ways, but it also depend on who your lender is, sometime private lenders give you better interest rate to students than federal lenders, so make sure where you are taking loans from.

MakeMoneyNow says:

May 1, 2009 at 8:24 am

Thanks for this

Maddy says:

June 8, 2009 at 1:22 am

Hey,

Anybody have any idea how long it will take Sallie Mae to issue study loans outside of US.

I am a international student who was studying in Australia but due to this recession i cant study anymore in Australia, i have to continue my studies in USA.

Any advices? Please

Bye

June 8, 2009 at 11:42 pm

@ Maddy: Are you in Australia at the moment or back to your home town? In any case check with Sallie Mae website and lookout for the options that you have.

Secondly I would suggest check other loans and scholarships options as well like Fulbright Scholarship, Prestigious Scholarships and Fellowships etc. There are certain scholarships for overseas students only that you can look for, read more from: http://www.studentloaninfo.org/blog/scholarships-for-overseas-students/

June 12, 2009 at 2:58 pm

Hey Sally,

Thanks for the quick reply,

I am back home now, i want to continue my studies.. I have two very important questions..

1. How long Sallie Mae will start giving loans for international students who wants to study Anywhere in the world?

2. How difficult is to get loan due to this recession time, any updates on that Please..

Thanks for the information, I really appreciate that..

Waiting for the positive answers for my questions..

Thanks Sally.

June 15, 2009 at 12:44 am

@ Maddy: Thanks for writing again & I am glad my reply was helpful to you. Now as for your queries let me answer them the way you have asked.

Reply to 1. Check with Student Correspondence Adviser of Sallie Mae or write to them in detail though an email.

Reply to 2. Recession has no real affect on getting Student Loan as far as you have good credit score and you have enough balance to make repayments on time.

Hey feel free to write to me if you need to ask anything more. Take Care..!!

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July 1, 2009 at 5:04 am

Greetings,

Sallie Mae is only offering loans who wants to study in USA, but as you know i want to continue my studies in Switzerland.

I have two very strong co-signers, and both are enough qualify for the loans.

Any suggestions, about getting loans who wants to study outside in US and when they will start the programme.

Your answer is very important to make my decision.

Thank you so much.

Maddy

July 2, 2009 at 3:55 am

@ Maddy: Hi & thanks for your confidence in me.

Well I did some research for you, first you said you don’t want to study in US instead you want to study in Switzerland. Have you checked with colleges there or not? You mentioned cosigners, I checked with certain sites for International Students in Switzerland and they mentioned your cosigner has to be a US citizen too. Ref: http://www.internationalstudentloan.com/includes/mru_cosigner.html

Check below links for complete update on study plans in Switzerland.

http://www.studyabroad.com/
http://www.studyabroadfunding.org/Switzerland/

Best of Luck!!