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Student loans for non-citizens: How to plan and qualify in the U.S.

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For international postgraduates in the U.S., figuring out how to pay for your degree can feel overwhelming. Without access to federal loans, you’re left navigating a mix of private education loan lenders, university resources and personal support.

Yet while the process is more complex, it’s also more flexible than many students realize. Today’s landscape of student loans for non-citizens offers multiple paths to funding that can help you cover the true cost of your graduate degree: tuition, rent, insurance and other education related expenses.

Here’s how to think about your options, what to look for and how to make sure you’re not leaving money – or opportunity – on the table.

Finding the right fit: How eligibility shapes your options

Unlike U.S. citizens, international students can’t apply for federal loans. Instead, you’ll need to look for private lenders that work specifically with international student loans in the U.S. – or with programs that recognize your unique situation as an F-1 student loan borrower.

The biggest challenge? Cosigner requirements. Many private lenders want a U.S.-based cosigner with strong credit, but not everyone has that option. That’s why more education loan providers are now evaluating you based on your program and future job potential – not just a credit report.

Some questions to ask yourself as you narrow your search:

  • Does the lender require a cosigner? If not, how do they assess your eligibility?
  • Is the international student loan available for your specific program and visa status?
  • Will the funds cover not just tuition, but housing, health insurance for international students and daily costs?

Answering these questions helps you focus on lenders who truly understand the realities of international postgraduates.

Insert Image alt text hereDiverse group of international students sitting in a university common area, sharing a meal and discussing finances with laptops and notebooks open.

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Comparing your loan options

As an international student, your loan options break down into a few main categories:

  • Private lenders with cosigner requirements: These include many traditional banks, which often have lower rates – but only if you can provide a U.S.-based cosigner.
  • No-cosigner student loans: Some lenders skip the cosigner and look at your academic record, degree program and expected future income.
  • University-based loan funds: Some universities have small loan programs for international students, sometimes with flexible repayment plans tied to your degree program.
  • Personal education loans: These aren’t always designed for international students, but if you’re already in the U.S. and have some credit history, they can be an option.
  • Graduate student loans for international students: Often structured with special terms – like deferred payments during your program or fixed interest rates to make budgeting easier.

Each of these has its own advantages. By comparing interest rates, repayment terms and eligibility criteria, you’ll find the loan that fits not just your budget, but your goals.

Building a realistic funding strategy

A loan isn’t the only piece of the puzzle. For many international students, the smartest funding plan is layered:

  • Scholarships and grants: Apply for as many as you can – these don’t need to be repaid and reduce your loan burden.
  • Family and personal savings: Even small contributions can cover initial relocation costs or health insurance.
  • Private student loans: These bridge the gap when scholarships and savings don’t stretch far enough.
  • Part-time work: With F-1 rules in mind, many postgraduates work on campus or in internships to cover daily costs.

Blending these funding sources is about more than making ends meet – it’s about creating a sustainable plan for your entire degree, so you can focus on what matters: your classes, your research and your future career.

Insert Image alt text hereInternational student standing at a campus crosswalk, looking ahead at a university building, representing forward planning and determination.

How MPOWER Financing serves non-citizen students

MPOWER Financing’s mission is to remove obstacles that hold international postgraduates back. Rather than relying on cosigners or collateral, MPOWER looks at you – your university, your degree program and your drive to succeed.

Here’s what sets MPOWER’s no-cosigner no-collateral approach apart:

  • Merit-based lending: Focused on your future potential, not just your past credit or family wealth
  • Transparent rates: Fixed interest rates and no hidden fees – so you know exactly what to expect
  • Flexible loan amounts: Up to US$100,000, covering tuition, rent and essentials
  • Digital-first application: Fast, clear and designed for international students anywhere in the world
  • Career support: Free resources to help you find an internship and job and prepare you for optional practical training (OPT), STEM OPT and life after graduation.

For international postgraduates ready to invest in themselves and their future, MPOWER’s loans – and the support that comes with them – create a foundation for success that’s built around you.

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FAQs

Can non-U.S. citizens get private student loans in the U.S.?

Yes, many lenders now offer loans to non-citizens, especially if you’re enrolled in a recognized program.  However, they often come with a U.S. co-signer requirement.

Do I always need a cosigner for these loans?

No. Some lenders, like MPOWER, don’t require a cosigner and instead focus on your academic program and future potential.

How can I find the best loan for my needs?

Compare interest rates, repayment terms and what costs are covered – housing, insurance and living expenses matter as much as tuition.

Can these loans be combined with scholarships or savings?

Absolutely. The smartest funding plans blend loans with scholarships, family support and part-time work if you’re eligible.

Will loan repayment affect my F-1 status?

No. Your visa status is separate from your loan. Still, paying on time helps you build credit and financial independence in the U.S.


*Rates as low as 9.99% (11.16% APR). This interest rate and APR includes a 0.25% discount for automatic recurring payments.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

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