What Kinds of Study Abroad Loans Are There?

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• What Kinds of Study Abroad Loans Are There?

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• Study abroad loans are treated differently
  depending on the program type, and each loan may
  require a different application process. Below
  are brief descriptions of all the different types
  of loans you may apply for.
• General Student Loan
• The difference between a study abroad loan and
  general student loan is the type of application,
  repayment schedule, and qualifications. Each loan
  institution treats these two loans differently in
  regards to process, so it is important to talk
  with your universitys financial aid office to
  find out if youll need to apply for a study
  abroad loan or if you could get away with a
  general student loan.

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• Federal Student Loan
• This type of loan is usually need-based, can be
  applied for through your universitys financial
  aid office, and the loan amount varies from about
  5,000 - 20,000. If youre wanting to apply for
  a Federal Student Loan, youll need to complete
  necessary paperwork such as a FAFSA.
• These loans can be used while studying abroad if
  you are currently earning credits through your
  home university. If youre applying for this loan
  for the first time, you may be required to go
  through entrance counseling a process that
  explains the general loan process and provides
  you with necessary financial planning tools. A
  few options of Federal Student Loans include

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• Stafford Loans These are available as both
  subsidized and unsubsidized loans. Subsidized
  loans are loans that are offered to students
  based on their financial need.
• PLUS Loans These Study Loans For Abroad are
  federal loans that are available for graduate
  students, professional students, or parents of
  undergraduate students, to assist them in college
  or career school financials.
• Perkins Loan The Federal Perkins Loan Program
  provides aid for college or career school
  students with financial need. These are
  low-interest loans, but not all schools may have
  these available. Be sure to check with your
  universitys financial aid office before applying.

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• Private Loan
• This loan can be applied for up to the total
  amount you need, and if you have leftover funds,
  you can return the funds back to the lender so
  you dont have to pay interest on it in the
  future.

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• PNC Bank This is one of the largest Study Loans
  For Abroad providers and offers financial
  products and services to help students and
  parents financially with college, graduate, and
  postgraduate degrees.
• Citizens Bank This institution offers the TruFit
  Student Loan to both U.S. and international
  students. They offer a choice of a fixed or
  variable interest rate, flexible repayment
  options, and there are no application,
  origination, or disbursement fees.

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• Wells Fargo These loans are available for
  students and the parents of those students. Wells
  Fargo student loans have low interest rates and
  flexible repayment options.
• SunTrust This loan is a great option for those
  who are looking for loans with flexible terms and
  conditions. They offer both, variable and fixed
  interest rates.
• However, if you do choose to apply for a private
  loan, be sure youll be working with a credible
  company, are aware of scams, and are able to
  apply and prepare early. If youre skeptical or
  need assistance applying, we recommend asking
  your universitys financial aid office for help!
• Source http//bit.ly/2iU2hxX

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