Private Student Loan Cosigners for International Students

If you are an international student who wishes to study in the United States, you will be required to have a student loan cosigner who is a U.S. citizen or national who has lived in the United States for the two years prior to your loan application.

Your co-signer can be a family member or friend. Private student loans are granted based on credit worthiness, so it is important to be sure that your co-signer has a sufficient credit rating to be able to help you obtain your loan. Your co-signer can build good credit in anticipation of your needs by maintaining steady employment, paying down debt, and not using too much credit. Without a co-signer, it may be difficult for you to obtain the private loans necessary to fund your education.

There are several advantages to private student loans. They are not based on income, so even higher income families can obtain the loans. The funds are paid directly to you and not to the school. Finally, your private student loan is that you can use the funds to provide proof of finances in order to obtain your visa.

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