For international students studying in the United States, securing funding for education can often be challenging.
Among the various financing options, Wells Fargo Student Loans stand out as a trusted provider.
This guide highlights the 7 best Wells Fargo student loans available to international students, as well as alternatives such as College Ave and other competitive lenders.
Best Wells Fargo Student Loan for International Students
| Loan Provider | Loan Amount | Co-signer Requirement | Interest Rates | Loan Terms | Eligibility Requirements |
|---|---|---|---|---|---|
| 1. Wells Fargo Private Loan | Up to $120,000 | Yes | 5.94% – 11.75% | Up to 15 years | Co-signer required for international students. |
| 2. Sallie Mae Student Loan | Up to $200,000 | No (optional) | 4.62% – 13.83% | Up to 15 years | U.S.-based institution enrollment required. |
| 3. Discover Student Loans | Up to $200,000 | Yes | 5.49% – 12.39% | Up to 15 years | Co-signer with strong credit required. |
| 4. Ascent Private Loan | Up to $200,000 | No (for select borrowers) | 4.48% – 13.01% | Up to 15 years | Partnered with specific universities. |
| 5. Citizens One Student Loan | Up to $150,000 | Yes | 5.47% – 12.04% | Up to 15 years | Enrollment in an eligible school is mandatory. |
| 6. College Ave Student Loan | Up to $100,000 | Yes | 5.99% – 13.74% | 5 to 15 years | Co-signer and valid visa required. |
| 7. Prodigy Finance Loan | Up to $100,000 | No | 8.00% – 12.50% | Up to 20 years | Partner school enrollment required. |
1. Wells Fargo Private Student Loan
Wells Fargo provides flexible student loans specifically for international students studying at accredited U.S. institutions.
- Loan Amount: Up to $120,000 (varies by program).
- Interest Rates: Ranges between 5.94% and 11.75% (fixed and variable rates available).
- Loan Terms: Up to 15 years for undergraduate and graduate students.
- Eligibility Requirements: A U.S.-based co-signer is mandatory for international students, along with proof of enrollment in an eligible program.
2. Sallie Mae Student Loan
Sallie Mae is one of the leading lenders offering flexible student loans for undergraduate, graduate, and professional degrees.
- Loan Amount: Up to $200,000, depending on the program and expenses.
- Interest Rates: 4.62% to 13.83%, with fixed and variable options.
- Loan Terms: Up to 15 years.
- Eligibility Requirements: No co-signer is required for creditworthy borrowers. However, students with limited credit history may need one.
3. Discover Student Loans
Discover offers student loans with no application, origination, or late fees, making it a popular choice for international students.
- Loan Amount: Up to $200,000, based on program and cost of attendance.
- Interest Rates: 5.49% to 12.39%, depending on the borrower’s credit score and co-signer.
- Loan Terms: Up to 15 years.
- Eligibility Requirements: A U.S.-based co-signer with a strong credit history is required for international students.
4. Ascent Private Loan
Ascent is an innovative lender that provides loans to students with or without a co-signer, depending on eligibility criteria.
- Loan Amount: Up to $200,000.
- Interest Rates: 4.48% to 13.01%, with fixed and variable options.
- Loan Terms: Up to 15 years.
- Eligibility Requirements: International students need to be enrolled at a partner institution and may require a co-signer in some cases.
5. Citizens One Student Loan
Citizens One offers competitive private student loans with flexible repayment options.
- Loan Amount: Up to $150,000.
- Interest Rates: 5.47% to 12.04%, with a choice of fixed and variable rates.
- Loan Terms: Up to 15 years.
- Eligibility Requirements: A co-signer is required for international students. Enrollment in an eligible U.S. institution is mandatory.
6. College Ave Student Loan
College Ave provides student loans tailored to international students, offering straightforward terms and competitive rates.
- Loan Amount: Up to $100,000.
- Interest Rates: 5.99% to 13.74%, based on creditworthiness and co-signer details.
- Loan Terms: Ranges from 5 to 15 years.
- Eligibility Requirements: Requires a U.S.-based co-signer, valid visa, and enrollment in an accredited U.S. institution.
7. Prodigy Finance Loan
Prodigy Finance offers loans specifically for international students pursuing higher education.
- Loan Amount: Up to $100,000.
- Interest Rates: 8.00% to 12.50%, with no co-signer required.
- Loan Terms: Flexible repayment options, up to 20 years.
- Eligibility Requirements: Students must be enrolled in a partner school. No co-signer or credit history is needed.
Quick One: We have other useful loan articles here.
Frequently Asked Questions
Can international students get a Wells Fargo student loan without a co-signer?
No, Wells Fargo requires international students to have a U.S.-based co-signer with a strong credit history to qualify for a student loan.
What is the interest rate for Wells Fargo student loans?
The interest rate for Wells Fargo student loans ranges from 5.94% to 11.75%, depending on the co-signer’s creditworthiness and the loan type.
What are the loan terms for Wells Fargo student loans?
Wells Fargo student loans offer terms of up to 15 years, with flexible repayment options available during and after school.
Conclusion
Securing a student loan as an international student may seem daunting, but with options like Wells Fargo, College Ave, and Prodigy Finance, you can find loans tailored to your unique needs.
This list of the 7 best Wells Fargo student loans for international students provides a comprehensive starting point to compare providers, interest rates, and terms to ensure your education is fully funded.
Be sure to evaluate each lender’s eligibility requirements and repayment plans before making a final decision.
