International Student Loans for British Students in the U.S. and Canada

International Student Loans for British Students in the U.S. and Canada

In the 2020/21 academic year there were approximately 8,000 students from the UK studying as undergraduate or graduate students in the United States.

British students studying abroad are usually self-funded, or rely on family to support them, or they may receive fee waivers or reductions from their university, or receive financial aid through scholarships or awards.

In many cases, though, these funds don't cover all the costs. International Student Loan recognizes that many students need additional funding, and offers loans for British students to help fund their international education in the U.S. or Canada.

We have been a leader in providing loans for international students from the UK since 1998, and thousands of British students have applied for loans through our programs.

If you are a British student looking for an international student loan, you can compare lenders that work for your school by using ourCompare Student Loan tool. Once you've reviewed the loans, you can choose the private student loan that's right for you - and apply right online with initial approval within weeks!

How To Get An International Student Loan

The cost of studying in the U.S. is an issue for any international student. For private colleges, it can be as high at $75 thousand dollars a year and for public schools it's around 50k annually. Federal loans are popular among U.S.-based domestic students but they aren't available to British or other foreign citizens - instead they can apply for an International Student Loan.

If you are interested in a student loan to study in the U.S. or Canada, start your research with our Student Loan comparison tool that will match you with a list of lenders and student loan options specific to your school. Simply use the tool above and follow these three steps:

1. Choose your citizenship and school, and click “Compare Student Loans”
2. Review your list of lenders and compare terms
3. Select the student loan that meets your needs and start the online application

Our student loan comparison tool allows you to compare basic terms and choose the loan that's right for you. Then, apply online and get initial approval within weeks!

Eligibility

To qualify for a loan international students must attend an eligible school in the U.S. or Canada. You must also be enrolled as an undergraduate student or graduate student and pursue a degree, certificate, or license.

What Student Loans Cover

International students can apply for a loan for up to their school's total cost of attendance, as determined by the school, minus any other aid received. Total cost of attendance includes tuition, room and board, and expenses related to education such as books and transportation, as well as living expenses. All of our international student loans offer:

Education Loan Programs in Canada for British Students:

Students from the UK studying at eligible Canadian universities may find loan programs availalabe to them. In most cases a co-signer is not required when studying in Canada.

Like all private education loans, students in Canada can use the funds to cover part of or their entire tuition fee.

How to apply:

The application process for international student loans is quite simple.

1. Check your eligibility:

   Using the loan comparison tool on this page - this takes 10 seconds and will show you if any companies are able to lend to a student in your position.

2. Application:

   If you are matched with a lender you can then proceed with your application. The application process doesn't take long even if you are a non-US citizen. You will need to submit the necessary documents and paperwork to the loan company and they will decide whether you are approved or not.

3. Documentation

   These are the most common documents you will need to provide your lender. You may be asked to provide other documents if needed.

   • Identification proof
   • Proof of residence
   • Academic records
   • Valid passport & Visa
   • Proof of admission to your university
   • Extra-curricular certificates if appropriate

4. Approval:

   Once your application is conditionally approved, you will be notified of the interest rates (fixed or variable rate) and repayment terms. Once you agree with the terms, your loan application will be approved and funds disbursed. This usually takes around 6 weeks.

   You should go through the terms and conditions multiple times before making any decisions. It can be very confusing to understand. If you have any doubts, consult an expert before signing to accept your funds.