Pursuing higher education abroad can be a costly endeavor, especially for international students. However, various lenders offer education loans to help bridge the financial gap.

This article highlights the top 10 education loan providers for international students, including MPower Financing, College Ave, Earnest, Sallie Mae, and Ascent Funding, among others. These lenders offer flexible repayment terms, competitive interest rates, and accessible funding options to support academic goals.

1. Prodigy Finance Education Loan

Prodigy Finance offers education loans to international students pursuing master’s studies in top universities worldwide. With no collateral or cosigner required, it’s an attractive option for students. The loan covers tuition fees, living expenses, and travel costs, with competitive interest rates. Prodigy Finance assesses creditworthiness based on future earning potential, not credit history.

Loans are available up to $220,000, with repayment terms up to 20 years. Prodigy Finance has supported over 20,000 students from 150 countries, making it a trusted choice for international students seeking funding for their graduate education. Apply online with a simple, streamlined process.

2. MPower Financing Education Loan

MPower Financing offers education loans to international students studying in the US or Canada, with no cosigner or collateral required. Loans are available up to $100,000, with competitive interest rates and flexible repayment terms up to 10 years. MPower Financing assesses creditworthiness based on future earning potential, academic performance, and career prospects.

The application process is online, with quick decisions and disbursement. MPower Financing supports students from over 200 countries, providing access to top universities and graduate programs. With a focus on financial inclusion, MPower Financing empowers international students to achieve their academic and professional goals.

3. Sallie Mae International Student Loan

Sallie Mae’s International Student Loan provides funding to international students studying in the US. With a cosigner required, loans are available up to 100% of the student’s school-certified cost of attendance. Competitive interest rates and flexible repayment terms up to 15 years are offered. Sallie Mae considers creditworthiness based on the cosigner’s credit history.

The loan has no prepayment penalty, and borrowers can apply for a 12-month deferment. Sallie Mae has supported international students for over 40 years, providing access to top US universities and graduate programs. Apply online with a simple, streamlined process.

4. Earnest Education Loan

Earnest provides private student loans for international students with flexible repayment terms and competitive interest rates. They offer no origination fees, prepayment penalties, or late fees. Earnest considers creditworthiness, income, education, and merit-based factors like GPA and course load.

They offer a pre-approval tool and allow borrowers to skip a payment once per year. Earnest loans have flexible repayment terms, and borrowers can defer payments for up to 12 months. They also offer a 0.25% interest rate reduction for automatic payments, making them a great option for international students.

5. Lendwise Education Loan

Lendwise offers education loans to international students studying in the UK, with no cosigner or collateral required. Loans are available up to £100,000, with competitive interest rates and flexible repayment terms up to 10 years. Lendwise assesses creditworthiness based on future earning potential, academic performance, and career prospects. The application process is online, with quick decisions and disbursement.

Lendwise supports students from over 150 countries, providing access to top UK universities and graduate programs. With a focus on financial inclusion, Lendwise empowers international students to achieve their academic and professional goals without requiring a UK guarantor.