9 Best Cash Loan for International Students: (Best Lenders)

Financing education abroad is a significant challenge for international students.

In addition to tuition fees, students also require funds for living expenses, books, and unforeseen costs.

Cash loans designed for international students can help bridge the financial gap.

This article outlines the 9 best cash loan providers for international students, their benefits, and specific terms to help you make informed decisions.

Best Cash Loan for International Students

Loan Provider	Loan Amount	Co-signer Requirement	Interest Rates	Loan Terms	Eligibility Requirements
1. MPOWER Financing	Up to $100,000	No	11.99% (fixed)	10 years	Enrolled in eligible U.S. or Canadian schools
2. Prodigy Finance	Up to 80% of COA	No	8.20% – 12.20% (variable)	7 to 20 years	Graduate programs at supported institutions
3. Discover Student Loans	Up to 100% of COA	Yes	5.49% – 14.99%	15 years	U.S.-based co-signer required
4. Sallie Mae	Up to 100% of COA	Yes	5.37% – 14.45%	15 years	U.S.-based co-signer required
5. Ascent	Up to $200,000	Optional	9.78% – 15.67%	10 to 15 years	U.S. study programs
6. College Ave Student Loans	Up to $200,000	Yes	5.99% – 13.74%	5 to 15 years	U.S.-based co-signer required
7. Empowerment Funding	Varies	No	9.00% – 14.00%	Flexible terms	Enrollment in approved institutions
8. Lendwise	Up to $100,000	No	9.00% – 12.00%	10 to 15 years	Graduate and postgraduate programs only
9. Wells Fargo	Up to $120,000	Yes	5.50% – 13.99%	Up to 15 years	U.S.-based co-signer required

1. MPOWER Financing

MPOWER Financing is an excellent option for international students without a co-signer.

• Loan Amount: Up to $100,000 for tuition and living expenses.
• Interest Rates: Fixed at 11.99%.
• Loan Terms: Up to 10 years.
• Eligibility Requirements: Must be enrolled in eligible U.S. or Canadian institutions.
• Unique Benefits: Offers up to a 1.50% interest rate discount for automatic payments and career-building incentives.

2. Prodigy Finance

Prodigy Finance specializes in loans for graduate students at supported universities worldwide.

• Loan Amount: Up to 80% of COA.
• Interest Rates: Variable rates between 8.20% and 12.20%.
• Loan Terms: Ranges from 7 to 20 years.
• Eligibility Requirements: Graduate programs at Prodigy-approved institutions are required.
• Unique Benefits: No collateral or co-signer is required. Loans are tailored to individual earning potential.

3. Discover Student Loans

Discover Student Loans is a great option for students with a qualified co-signer.

• Loan Amount: Covers 100% of COA, including tuition and living expenses.
• Interest Rates: Fixed rates between 5.49% and 14.99%.
• Loan Terms: Up to 15 years.
• Eligibility Requirements: A U.S.-based co-signer is required.
• Unique Benefits: Offers a 1% cash reward for students with a 3.0 GPA or higher.

4. Sallie Mae

Sallie Mae offers flexible loans for international students with a U.S.-based co-signer.

• Loan Amount: Covers 100% of COA, including books and other education-related costs.
• Interest Rates: Fixed rates between 5.37% and 14.45%.
• Loan Terms: 15 years.
• Eligibility Requirements: Requires a U.S.-based co-signer.
• Unique Benefits: Offers in-school deferment options and multiple repayment plans.

5. Ascent

Ascent provides loans for international students, with or without a co-signer, depending on the program.

• Loan Amount: Up to $200,000.
• Interest Rates: Fixed rates range from 9.78% to 15.67%.
• Loan Terms: 10 to 15 years.
• Eligibility Requirements: Enrolled in a U.S. institution.
• Unique Benefits: Non-co-signed loans are available for qualifying students.

6. College Ave Student Loans

College Ave offers flexible loan options with competitive rates for international students.

• Loan Amount: Up to $200,000.
• Interest Rates: Fixed rates between 5.99% and 13.74%.
• Loan Terms: Flexible repayment terms of 5 to 15 years.
• Eligibility Requirements: Requires a U.S.-based co-signer.
• Unique Benefits: Allows borrowers to choose between interest-only, deferred, or full repayment plans.

7. Empowerment Funding

Empowerment Funding is tailored for international students seeking no-cosigner loans.

• Loan Amount: Varies based on institution and program.
• Interest Rates: Ranges from 9.00% to 14.00%.
• Loan Terms: Flexible based on needs.
• Eligibility Requirements: Must be enrolled in an approved program.
• Unique Benefits: Offers additional resources for career development and financial literacy.

8. Lendwise

Lendwise is a UK-based lender offering education loans for postgraduate students.

• Loan Amount: Up to $100,000.
• Interest Rates: Fixed rates range between 9.00% and 12.00%.
• Loan Terms: Repayment periods range from 10 to 15 years.
• Eligibility Requirements: Must be pursuing graduate or postgraduate programs.
• Unique Benefits: Personalized loan terms and support for international students.

9. Wells Fargo

Wells Fargo provides loans for international students with a co-signer.

• Loan Amount: Up to $120,000.
• Interest Rates: Fixed rates between 5.50% and 13.99%.
• Loan Terms: Up to 15 years.
• Eligibility Requirements: Requires a U.S.-based co-signer.
• Unique Benefits: Includes no origination or prepayment fees.

Quick One: We have other useful loan articles here.

Frequently Asked Questions

Conclusion

Selecting the right cash loan provider is critical for international students seeking financial stability during their academic journey.

From MPOWER Financing’s co-signer-free loans to Discover Student Loans’ GPA rewards, each option offers unique advantages.

Evaluate your needs and eligibility to choose a lender that aligns with your education and financial goals.