An education loan to study abroad is a financial assistance that helps students to pay for the costs related to their studies at a foreign university. The loan can be secured in two ways – through a private lender or through the government.
The eligibility criteria for a student loan to study abroad depend on the type of program you want to pursue, as well as your personal situation. For example, you’ll have to meet the federal requirements for loans if you want to receive federal aid, and you may need to amend your federal loan package to cover your study abroad expenses.
Scholarships for study abroad programs vary widely, so you need to do your research to find the right one for your situation. Scholarships are typically offered by nonprofits or government entities, and they can be competitive.
FundRight offers a free, confidential service for students looking for an education loan to study abroad. Our expert advisors help you determine your eligibility for a student loan and provide advice on the best loan to suit your situation.
Getting a student loan to study abroad can be tricky. There are many different types of student loans and each one has its own set of rules.
The main reason why most people turn to a loan is because they cannot afford to pay for their education out of pocket. Often, family income and savings are not enough to cover the cost of an education overseas.