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Answers to questions from real grad school applicants. For more information check out our pages on the TheGradCafe and Quora.

How can international students get loans for graduate school?

For the best terms and the lowest rate, you will need a US co-signer. Lenders base underwriting decisions on credit history, and an international student has none. If you’re able to use a US co-signer, you have an array of options to choose from. Make sure to shop around and to check multiple financial institutions, including credit unions.

If you don’t have access to a US co-signer, you may qualify for an unsecured personal loan though Prodigy or Stilt. These companies lend to high-skilled immigrant borrowers with high future earning potential. If you qualify, our loans will not require a co-signer or collateral.

If you’re looking to attend certain post-graduate programs as an international student, Prodigy Finance can finance your loans often without a co-signer or collateral. However, they only accept certain programs in business, law, engineering and public policy. Visit their website to see if your program qualifies: Investing in International Business School Students

Another possibility is to examine loan options in the country you are coming from. In India, for example, student loans are possible but will be need to be collateralized. Collateralizing such debt often comes with a parent or other family member having to take out a second mortgage. It’s a big request. To learn more, here is a useful article from Forbes on companies working in international student finance.

How can international students get loans for graduate school? was last modified: November 7th, 2017 by Tom