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Navigating Funding Challenges as an International Student:

A Guide to Private Student Loans

Introduction: International students pursuing education in the North America often face unique challenges when it comes to funding their studies. Unlike domestic students, they are not eligible for federal student loans, making it crucial to explore alternative options. Private student loans can be a viable solution, but navigating through the intricacies of lenders and their offerings is essential. In this blog, we will discuss the challenges associated with funding for international students and shed light on a promising option now available for Financing.

  1. Limited Options for International Students: One of the primary hurdles for international students is the limited availability of lenders willing to offer loans. Not every financial institution caters to this demographic, and even among those that do, there can be significant variations in loan terms, amounts, and eligibility criteria.

  2. Minimum Loan Requirements: Many private student loan lenders set minimum borrowing amounts, potentially hindering students who only need a smaller sum to bridge funding gaps. This issue can force students to borrow more than necessary, leading to increased interest payments in the future.

  3. New Financing: Tailored for International Students: New Financing stands out as a lender specifically designed to address the needs of international students studying in the U.S. Unlike some lenders with high minimum loan thresholds, It allows students to apply for loans as low as US$2,001, accommodating those with smaller funding requirements to as high as $100,000.

  4. Flexible Use of Loan Funds: New Financing goes beyond covering tuition and fees; it allows students to use loan funds for various purposes, including living expenses, both on- and off-campus, and other school-related needs. This flexibility makes it an attractive option for students seeking comprehensive financial support.

  5. Overcoming Credit Challenges: A common obstacle for international students is the credit requirement imposed by many lenders. Without a robust credit history, securing a private student loan can be challenging. New Financing distinguishes itself by not requiring an existing credit profile, cosigner, or collateral, making it more accessible to a broader range of students.

  6. Additional Support Services: Apart from financial assistance, It offers valuable support services such as visa help, payment assistance, and career advice. These features contribute to a holistic approach, ensuring that international students not only secure funding but also receive guidance throughout their academic journey and beyond.

Conclusion: Navigating the landscape of funding options for international students can be daunting, but with the right information, students can make informed decisions. New Financing emerges as a promising solution, addressing common challenges and providing tailored support to ensure that international students can pursue their education in the U.S. without unnecessary financial burdens.

Apply today with us to explore New Financing opportunities for your career.

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