7 International Student Loans for 2022; Citizens Private Student Loan

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Private student loans will be the best option for international students since most cannot qualify for federal student loans.

International students have fewer U.S. student loan options than most borrowers. Unless you’re an eligible noncitizen who can qualify for federal student loans, you may need to borrow from a private lender.

Some banks, credit unions and online lenders offer private student loans for international students, but they often require you to have a co-signer who is a U.S. citizen or permanent resident. Your co-signer will need good credit for approval and to get the most favorable rates.

You may be able to find a private lender that doesn’t require a co-signer, but you’ll pay higher interest rates as a result.

You’ll find both types of lenders below, as well as guidance as to who qualifies as an eligible noncitizen.

Want to compare more options? Here are our other top picks:

Citizens Private Student Loan

Who is an eligible noncitizen?Those who have an Arrival-Departure Record from U.S. Citizenship and Immigration Services showing the following statuses: refugee; asylum granted; Cuban-Haitian Entrant; Conditional Entrant issued before April 1, 1980; or parolee.

Those who are “battered immigrant-qualified aliens,” or children of someone designated as such.
To recap our selections…

NerdWallet’s International Student Loans for 2021
Best for International student loans without co-signer

4 International Student Loan Refinancing Options for 2021

Refinancing international student loans is more difficult for visa holders working in the U.S. who don’t have a credit history. There are private lenders that will refinance student loans, but you’ll have to do one of the following:

Qualify for a niche loan for international working graduates.

Refinancing means a lender will pay off your existing student loans with a new single loan at a lower interest rate. It can help you save money immediately and over time.

Below you’ll find lenders that refinance international borrowers, plus more information about the refinancing strategies available to noncitizens who have built U.S. credit history, have a U.S. co-signer or have graduated and are working in the U.S. These lenders will only refinance student loans that were originally borrowed with a co-signer from U.S.-based lenders or from niche lenders for international students

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