As an undergraduate student planning to, or currently studying in the USA or Canada, funding your entire college program is not easy. InternationalStudentLoan.com is proud to provide you with access to the International Student Loan for undergraduate students who are studying at approved schools within the USA and Canada.

All non-US applicants require a US co-signer
Applying with a US co-signer is required to be approved – there are no exceptions!
The co-signer must meet all of the following criteria:
1. Have a satisfactory credit, residence and employment history of at least two years.
2. Have proof of current income (if self-employed have been in business for at least two years).
3. Be a US Citizen or permanent resident and have resided in the USA for the previous two years.

The International Student Loan for undergraduate students offers extensive benefits and features, to learn more about the loan program please see below :

Repayment Options

  • You may defer until six months after graduation or you cease to be enrolled at least half time
  • No pre-payment penalties
  • Minimum monthly payment as low as $25 (see repayment example)

Loan Limits

  • Undergraduate students now can borrow up to $40,000 a year for certain schools where TERI has determined that the annual cost of attendance exceeds $30,000*
  • $130,000 aggregate maximum borrowing limit
  • $1,500 minimum loan amount

Rate Reductions

  • 0.25% rate deduction for borrowers who elect to make automatic payments
  • An additional 0.25% rate reduction to borrowers who make 36 successful automated payments

Eligibility

  • An undergraduate student enrolled in a degree or certificate program
  • Enrolled at least half-time as defined by your school
  • Attending a TERI-approved school (call 1-800-255-TERI to confirm eligibility of school)
  • Proof of enrollment must be provided
  • Your co-signer must meet the following credit requirements (a co-signer is required)

Deferment Options

Select a repayment plan to fit your financial situation.
Option 1: Immediate Repayment

  • Allows maximum savings over the life of the loan.
  • Pay principal and interest in a fixed monthly amount beginning approximately 45 days after funds are disbursed.

Option 2: Interest-Only Repayment

  • Allows low payments during school to help reduce overall debt.
  • Defer principal and pay only interest while you are enrolled in school for up to four consecutive years (up to five years if enrolled in a five-year program). Interest payments begin approximately 45 days after disbursement. Repayment of principal and interest begins approximately 45 days after graduation or ceasing to be enrolled at least half time.

Option 3: Deferred Principal & Interest Repayment

  • Allows you the convenience of delaying repayment.
  • Make no payment while in school for up to four consecutive years (up to five years if enrolled in a five-year program). Repayment of principal and interest begins approximately 180 days after graduation or ceasing to be enrolled at least half time. The interest on deferred loans is capitalized quarterly and at the beginning of repayment

visit InternationalStudentLoan.com to apply

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