International Student Loans - Loan Information

Where can I study?

You can study at any approved school in the US. Click here to see the list of approved schools in the US. If you would like to study in Canada, click here for an international student loan program available in Canada.

How do I qualify?

• You must have a co-borrower who is a US Citizen or permanent resident with a valid permanent-resident card;
• Be at least 18 years old;
• Be enrolled at least half-time (or accepted) at an eligible US institution; and
• Your co-borrower must meet our criteria for creditworthiness. If your co-borrower does not meet our criteria, you can reapply with a creditworthy co-borrower.

What can I use the International Student Loan funds for?

Funds can be used to cover a range of expenses associated with pursuing the study abroad program, including tuition, room and board, transportation and other living expenses.

How much can I borrow?

• Annual minimum of $1,500
• Annual maximum of the lesser of $50,000 or cost of attendance 
• Annual maximum of the lesser of $70,000 or cost of attendance for Dentistry, Law, Medicine, Osteopathic and Business School Loan

What is my interest rate going to be?

Different borrowers receive different rates, depending on the credit of your co-borrower and your repayment plan. Rates range from LIBOR + 5.30% to LIBOR + 12.60%

• LIBOR + 6.80% (Immediate Interest and Deferred Principal Repayment)
• LIBOR + 6.80% (Both Deferred Interest and Principal Repayment) 

Repayment Rates as low as:

• LIBOR + 6.90% (Immediate Interest and Principal Repayment)
• LIBOR + 6.90% (Immediate Interest and Deferred Principal Repayment)
• LIBOR + 6.90% (Both Deferred Interest and Principal Repayment)

Other Benefits of an International Student Loan

• .25% interest rate reduction if you choose to have your loan payment automatically deducted from your bank account or if you make 48 consecutive on-time payments
• Low minimum monthly payment of $50 
• Full deferment and forbearance options available while in school, working towards a residency or internship, unemployed or experiencing an economic hardship, serving in the military or needing an administrative forbearance
• 6-month grace period before repayment begins
• Origination fee as low as 0%
• You can use this loan to cover any education related expenses, including tuition, transportation, computers, books and room and board

Annual Percentage Rate (APR) and Repayment Example - Best Borrower:

If you borrowed $10,000 in a single installment, the 3-month LIBOR remained constant at 2.68% (as of July 1, 2008) and you had a 24-month combined in-school and 6-month grace period with a 240-month repayment period, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.

Annual Percentage Rate (APR) and Repayment Example - Mid-Tier Borrower:

If you borrowed $10,000 in a single installment, the 3-month LIBOR remained constant at 2.68% (as of July 1, 2008) and you had a 24-month combined in-school and 6-month grace period with a 240-month repayment period, possible APR and repayment schedules for mid-tier borrowers are shown below. Your annual percentage rate may increase or decrease after consummation.

Loan Information | Approved Schools | Apply Now

International Student Loans funded by Doral Bank FSB

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