International Student Loans

Loan Program 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.

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

Degree Program	Cumulative Loan Limit	Limits for each Academic Year
Undergraduate	$1,500 - $120,000	Lesser of $50,000 or Cost of Attendance
Medicine or Dentistry	$1,500 - $225,000	Lesser of $70,000 or Cost of Attendance
Law School	$1,500 - $130,000	Lesser of $70,000 or Cost of Attendance
Osteopathic	$1,500 - $130,000	Lesser of $70,000 or Cost of Attendance
Business	$1,500 - $120,000	Lesser of $70,000 or Cost of Attendance
All Others	$1,500 - $120,000	Lesser of $50,000 or Cost of Attendance

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 + 6.80% to LIBOR +18.60% (as of August 5, 2008).

Origination fee is 8% on all loans (as of August 5, 2008).

Your specific interest rate and origination fee will be provided to you in the loan documents sent to you for review and signature, if you are approved for a loan. If you don't want the loan offered, simply cancel your loan at that point, at no cost or fee to you.

In School Rates as low as:

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
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
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, possible APR and repayment schedules for the best borrowers are shown below. Your annual percentage rate may increase or decrease after consummation.

Repayment Option	Origination Fee	APR	In School & Grace Period	Repayment Period
Immediate Interest and Principal Repayment	8.00%	10.851%	N/A	240 payments of $102.21
Immediate Interest and Deferred Principal Repayment	8.00%	10.694%	30 payments of $86.05	240 payments of $102.21
Both Deferred Interest and Principal Repayment	8.00%	10.466%	N/A	240 payments of $129.25

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.

Repayment Option	Origination Fee	APR	In School & Grace Period	Repayment Period
Immediate Interest and Principal Repayment	8.00%	17.729%	N/A	240 payments of $152.25
Immediate Interest and Deferred Principal Repayment	8.00%	17.600%	30 payments of $144.93	240 payments of $152.24
Both Deferred Interest and Principal Repayment	8.00%	17.097%	N/A	240 payments of $225.36

Learn more about our International Student Loan Programs:

More Info | Eligible Schools | Apply Online

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Your website for international student loans and study abroad loans since 1998!
Doral Bank NY FSB, an Equal Opportunity Lender is the lender for the International Student Loan Center private loans.