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How to apply for a student loan from India to study in the U.S.

Indians know that investing in postgraduate education pays off over the span of one’s career.  Some students may not have family funds to support a study abroad journey. You have several financing options to consider for your postgraduate studies, especially when combined with other financial support for international students that may be available for your chosen university.

Understanding your student loan options in India

You have three main types of lenders when applying for education loans: public sector banks, Non-Banking Financial Companies (NBFCs) and international lenders. Each option has different requirements and processes.

Public sector banks handle a number of  education loans in India. These banks offer co-signed loans with variable interest rates between 9% to 13%. You’ll typically need to visit multiple branches and submit extensive paperwork. The process can take several weeks to complete.

NBFCs support about 45% of the education loan market. These lenders often have faster digital application processes compared to traditional banks. They may offer quicker approvals but interest rates can be higher than public sector banks.

International lenders serve about 20% of Indian students going abroad. These companies provide more options – no cosigner or fixed rates loan options in U.S. dollars. Some students prefer these options to access funds without family entanglement or to avoid currency conversion issues.

Most Indian lenders require two things for larger loans: a cosigner (usually a parent or relative) and collateral. The collateral requirement typically starts for loans above ₹7.5 lakh, depending on which lender you choose. Many families need to pledge property as collateral, which can create financial stress.

Required documents and application process

The documentation process for Indian education loans is extensive, and requirements can vary between lenders. Start gathering these documents early to avoid delays:

Academic documents you’ll need:

Financial documents for loan approval:

Identity and address proof:

The application process typically involves multiple steps. You’ll first need to approach your chosen lender with initial documents for pre-approval. After receiving conditional approval, you’ll submit complete documentation along with your university admission letter. The bank will then conduct property valuation (if collateral is required), final verification and loan sanction.

Expect the entire process to take anywhere from 15 to 45 days, depending on the lender and the completeness of your documentation. Public sector banks often take longer due to their more traditional processes, while NBFCs and private banks may offer quicker turnarounds.

MPOWER Financing: A no-collateral, no-cosigner solution

MPOWER Financing, an international lender committed to providing access to postgraduate education to more students, offers a different approach that addresses many pain points Indian students face with traditional lenders. Unlike domestic options, MPOWER doesn’t require a cosigner or collateral, which eliminates the need for your family to pledge property or take on additional financial risk.

Key benefits for Indian students:

MPOWER evaluates applications based on your academic performance, school choice and career prospects rather than your family’s financial assets. This approach is particularly valuable for students with strong academic credentials but limited collateral options.

The application process is entirely online, which appeals to students who’ve experienced the lengthy branch visits required by traditional Indian lenders. You can complete your application and receive an instant conditional offer, then upload documents and track progress through a digital platform.

 

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Common mistakes and tips for success

Avoid these frequent application errors:

Don’t underestimate processing time. Many students wait until after receiving admission to start their loan application. Begin the funding process as soon as you receive your standardized test scores and start applying to universities. This parallel approach prevents financing delays that could jeopardize your admission timeline.

Understand the total cost of borrowing beyond just interest rates. Many applicants focus only on the advertised interest rate without considering whether the rate in variable or fixed, associated processing fees, foreign exchange margins, required insurance and other fees. Ask lenders for a clear breakdown of all costs, including application fees and any charges for fund transfers to your U.S. university.

Don’t overlook the fine print on variable versus fixed rates. Many Indian lenders offer variable rates that can change over your repayment period. If you choose a variable rate, understand how rate changes will affect your monthly payments and total repayment amount.

Tips for a successful application:

Maintain strong academics and standardized test scores. Lenders increasingly consider your GRE, GMAT and university ranking when making approval decisions. Higher scores can lead to better rates and higher loan amounts.

Build relationships with admission counselors who can provide recommendations. Counselors often have insights into which lenders work well with specific universities. They can also connect you with valuable international student resources at your target schools.

Consider the timing of your application relative to academic cycles. Many lenders see increased applications during peak admission seasons, which can slow processing times. Apply early when possible to avoid delays.

Compare total costs, not just interest rates. Factor in processing fees, foreign exchange charges and prepayment penalties when evaluating different lenders. A slightly higher interest rate might be offset by lower fees or support finding an internship or job when in your postgraduate program.

Research your chosen university’s ranking and program reputation. Higher ranked schools can affect both approval odds and interest rates offered. Programs with strong employment outcomes typically receive more favorable consideration, especially those that provide clear pathways to international student employment after graduation.

Starting your loan application process early, understanding all available options and preparing comprehensive documentation will position you for success in funding your U.S. education.

International student loans without cosigner: Indian students’ eligibility guide

You’ve worked hard to get admitted to a U.S. university for your master’s program, but now you’re facing a common challenge many Indian families know too well: finding education financing without requiring your parents risking their property or becoming cosigners. While most education loan options in India require both collateral and cosigners, personal student loans without cosigner options do exist and can make your study abroad dreams possible without putting your family’s financial security at risk.

Why most Indian lenders require cosigners and collateral

Traditional education loan providers in India have strict requirements that can feel overwhelming when you’re trying to focus on your studies. Understanding why these requirements exist can help you see why alternative options might work better for your situation.

Risk management drives cosigner requirements

Indian banks and non-bank financial companies (NBFCs) view education loans as high-risk investments because students typically have no credit history or income. When you apply for an education loan in India, lenders want assurance that someone with established income and assets will guarantee repayment if you face challenges after graduation. This is why banks require a cosigner, usually your parents or close relatives.

This cosigner requirement puts tremendous pressure on Indian families. Your parents become legally responsible for the entire loan amount, which can affect their credit scores and borrowing capacity for years. Many families worry about this additional financial burden, especially when they’re already stretching their finances to support your education dreams.

Collateral requirements create additional stress

Most Indian lenders require collateral for loans above ₹7.5 lakh, which covers tuition for most U.S. master’s programs. This typically means pledging your family’s home, land or other valuable assets as collateral for the loan. The thought of potentially losing the family home creates anxiety that no student should have to carry while trying to excel academically.

The collateral evaluation process is also time-consuming and invasive. Bank officials visit your property, conduct valuations and scrutinize ownership documents. This process can take weeks or months, often delaying your loan approval when you need it most for university deadlines.

Limited loan amounts affect your options

Even when you meet cosigner and collateral requirements, many Indian lenders cap education loans at ₹20-30 lakh. With U.S. tuition costs rising and living expenses varying by location, this amount might not cover your complete financial needs. You could find yourself approved for a loan that still leaves a significant funding gap.

No-cosigner international student loans: How they work

International student loan companies operate differently from traditional Indian lenders, using alternative methods to evaluate your creditworthiness and potential for success. This approach can be liberating for students with strong academic credentials but limited family assets.

Alternative evaluation criteria

Instead of focusing on your family’s property or your parents’ income, loans for students without a cosigner evaluate your future earning potential. Lenders consider factors like your academic performance, the ranking of your U.S. university, your field of study and historical employment data for graduates from similar programs.

This approach recognizes something important: Your education is an investment in your future earning capacity. If you’re studying computer science, data analytics, engineering or business at a reputable university, lenders understand that you’re likely to secure well-paying employment after graduation.

School and program requirements

Most international education loan without collateral providers have approved lists of universities and programs. These typically include well-known institutions with strong track records for graduate employment. Your chosen university’s reputation and your program’s employment outcomes play crucial roles in approval decisions.

STEM fields often receive favorable consideration because of strong job market demand and higher starting salaries. MBA programs at ranked schools also typically qualify, as do other master’s programs with clear career paths and good employment statistics.

Credit building without Indian credit history

Since most Indian students have limited credit history, international lenders use different approaches to assess reliability. They might consider your academic consistency, any work experience, internships and even your application essay to understand your commitment and character.

Some lenders offer programs that help you build U.S. credit history during your studies, which benefits your long-term financial health in the U.S. This credit building aspect provides value beyond just funding your education.

MPOWER Financing: Removing barriers for Indian students

MPOWER Financing understands the unique challenges Indian students face when seeking education funding. The company specifically designed its no-cosigner international student loans to remove the barriers that prevent talented students from pursuing their educational goals.

No family financial risk

With MPOWER, your parents don’t need to cosign or pledge property. This eliminates the anxiety many Indian families experience about putting their home or assets at risk. Your family can support your education dreams without taking on legal financial obligations or risking their credit scores.

This approach is particularly valuable for students with strong academic credentials and family support for education but limited collateral options. MPOWER’s evaluation focuses on your potential, not your family’s assets.

Fixed rates provide payment predictability

Unlike many Indian lenders who offer unpredictable variable interest rates that can change over time, MPOWER provides fixed inflation-proof rates that remain constant throughout your repayment period. This predictability helps you plan your finances and avoid surprises during repayment.

Fixed rates are especially important when you’re managing currency considerations. Since you’ll likely earn in dollars after graduation, having a predictable monthly payment in dollars simplifies your financial planning and budgeting, saving you foreign exchange fees and hassle.

Interest-only in-school payments

MPOWER understands that most Indian students prefer smaller payments during their studies. While some international lenders require immediate monthly payments, MPOWER requires smaller, interest-only payments while in school and for six months after graduation. That means, you can focus on your coursework and internships without worrying about large monthly payments while you’re still studying.

Path2Success support program

Beyond funding, MPOWER provides comprehensive support through its Path2Success program  including career counseling, visa guidance, job search tools and professional networking opportunities. For Indian students navigating U.S. systems for the first time, this early career support can be invaluable.

Your success involves more than just loan approval. You need guidance on building your career, managing finances in a new country and making connections that support your professional growth.

 

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Eligibility requirements and application tips

Getting approved for a U.S. education loan for international students requires strategic preparation and understanding of what lenders value most. Here’s how to position yourself for success.

Academic excellence matters significantly

Your undergraduate GPA, standardized test scores (GRE, GMAT, TOEFL, IELTS) and university choice carry much more weight with international lenders than with traditional Indian banks. These lenders view strong academics as predictors of future success and earning potential.

If your GRE or GMAT scores are below target ranges for your chosen programs, consider retaking these exams. Higher scores not only improve your university admission chances but also strengthen your loan application significantly.

Choose your university and program strategically

Universities with strong alumni networks, high employment rates and good starting salaries for graduates receive more favorable loan consideration.

STEM programs typically have advantages in loan approval because of strong job market demand. If you’re choosing between similar programs, consider employment outcomes and starting salary data when making your decision.

Document your experience

International lenders want to understand your readiness for graduate-level work, so focus on outlining your relevant experience. Highlight internships, part-time or full-time roles, research responsibilities and any projects that show your skills in action. A focused personal statement can also help connect your academic plans to your long-term career direction.

Apply early and follow up appropriately

Start your loan application process as soon as you receive university admissions. International lenders often have faster processing times than Indian banks, but applying early ensures you meet university deposit deadlines without stress.

Respond quickly to any requests for additional information or documentation. International lenders appreciate responsiveness and attention to detail, which reinforces their confidence in your organizational skills and commitment.

Consider multiple options strategically

While focusing on no-cosigner options, also research scholarship opportunities and assistantships at your chosen universities. Combining partial scholarships with international student loans can reduce your overall borrowing needs and improve your financial position.

Some students successfully use international education loans without collateral to cover immediate needs while applying for scholarships for subsequent semesters. This approach can reduce total educational costs over time.

Finding the right financing for your U.S. education doesn’t have to put your family at financial risk. No-cosigner international student loans provide a pathway that recognizes your potential while protecting your family’s assets, allowing you to focus on what matters most: excelling in your studies and building your career.

No-collateral loans for Indian students: What you need to know

Traditional education loan providers in India typically require you to pledge your family’s property as security for larger loan amounts. This puts tremendous stress on families who worry about risking their homes for education. Fortunately, study loans without collateral are becoming more available, giving you funding options that don’t put your family’s assets at risk.

Why Indian lenders traditionally require collateral

Understanding collateral requirements helps you see why alternative funding options can be valuable for your family’s peace of mind.

What collateral means for your family

When you apply for a personal education loan above ₹7.5 lakh, most banks want security against the loan amount. This usually means:

The emotional burden of collateral requirements

Many Indian families find the collateral process stressful and invasive. Parents worry about potentially losing their home if something goes wrong with loan repayment. This anxiety can overshadow what should be a celebration of your academic achievements.

Students also feel pressure knowing their education goals could put family assets at risk. This emotional burden shouldn’t be part of your study abroad journey.

Traditional loan limits and gaps

Even with collateral, most Indian lenders cap loans at ₹20-30 lakh. With U.S. tuition rising and living costs varying by location, you might still face funding gaps that require additional arrangements.

How no-collateral loans work differently

Providers of international education loans without collateral use evaluation methods that focus on your future potential rather than your family’s current assets.

Alternative assessment criteria

Instead of property values, lenders evaluate:

Academic performance indicators

Future earning potential

Program and school requirements

Most no-collateral loan providers work with the strongest universities and programs because they rely on graduates to find great jobs to pay back the education loans. Universities are evaluated on key criteria, including:

Risk evaluation without family assets

Lenders use sophisticated models to predict your success probability. They consider factors like program completion rates, visa approval rates and employment outcomes for students with similar profiles.

This approach recognizes that your education investment should generate enough future income to support loan repayment without requiring family property as backup security.

MPOWER Financing’s approach to collateral-free funding

MPOWER Financing specifically designed its student loan for non-citizens to eliminate collateral requirements while maintaining responsible lending practices.

No property risk for your family

With MPOWER, your parents never need to pledge their home, land or other assets. This removes the anxiety many Indian families experience about putting property at risk for education funding.

Your family can support your dreams without taking on legal obligations or property restrictions that traditional Indian lenders require.

Merit-based evaluation process

MPOWER focuses on your academic achievements and potential rather than your family’s wealth or assets. The evaluation considers:

Fixed-rate predictability

Unlike floating-rate loans that can increase over time, MPOWER offers fixed, inflation-proof, interest rates that remain constant throughout repayment. This predictability helps you plan finances and avoid payment surprises.

Fixed rates are particularly valuable when managing currency considerations, as you’ll likely earn in dollars after graduation.

Comprehensive support services

Beyond funding, MPOWER’s Path2Success program provides:

This support recognizes that student success involves more than just loan approval.

 

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Qualifying for no-collateral education financing

Getting approved for study loans without collateral requires strategic preparation and understanding what lenders value most.

Academic preparation strategies

Strengthen your test scores:

Choose universities strategically:

Documentation requirements

Academic transcripts and certificates:

Personal and professional documents:

Application timing considerations

Start early in your admission process:

Coordinate with university deadlines:

Common qualification factors

Strong academic performance:

Clear career planning:

Program selection wisdom:

Red flags to avoid

Incomplete applications:

Unrealistic planning:

No-collateral loan options provide a pathway to U.S. education that protects your family’s assets while recognizing your academic potential. By understanding qualification requirements and preparing strategically, you can access funding that supports your educational goals without putting family property at risk.

How to Get a Social Security Number as an F-1 or J-1 Student

A Social Security number (SSN) is a nine-digit number used by the U.S. government to track income and taxes. As an international student on an F-1 or J-1 visa, you may need an SSN if you plan to work legally in the U.S. You do not need a SSN to apply for most private education loans.

This guide explains who is eligible for an SSN, how to apply and what documents you need to bring. If you’re not eligible, we’ll also cover what alternatives you can use.

Who needs a Social Security number?

You only need an SSN if you’re authorized to work in the U.S. For international students, that usually means one of the following:

If you do not plan to work, you don’t need an SSN. You can still open a bank account, sign a lease and get a phone plan using other forms of ID.

Can F-1 students get a Social Security number?

Yes, but only if you have an approved job or training opportunity. You cannot apply for an SSN just because you are an F-1 student. You must show proof of employment or work authorization.

Acceptable work includes:

Your school’s designated school official (DSO) must authorize the work and help you gather the right paperwork.

Can J-1 students get a Social Security number?

Yes. J-1 students can apply for an SSN if their DS-2019 form shows work authorization. This includes:

Your J-1 sponsor must confirm your work eligibility before you apply.

How to apply for a Social Security number

Once you’re eligible, follow these steps:

  1. Get a job offer letter from your employer (if required).
  2. Ask your DSO or J-1 sponsor for a work authorization letter.
  3. Wait at least 10 days after arriving in the U.S. to apply, so your immigration records can update.
  4. Visit a Social Security office in person with the required documents.

You don’t need to pay a fee to apply. Processing times vary but usually take two to four weeks.

What documents should you bring?

Bring the following items to your appointment:

Always bring original documents, not photocopies. The Social Security officer may ask follow-up questions about your program or job.

What if you are not eligible for an SSN?

If you’re not working and don’t qualify for an SSN, you can still:

Many systems in the U.S. are used to working with international students and will accept alternative documents.

How MPOWER Financing can support your financial setup

If you’re applying for an SSN to support a legal job or an international student internship, you’re likely thinking about your finances, too. MPOWER Financing offers no-cosigner student loans for J-1, F-1 and DACA students, so you can fund your education without relying on work to pay your bills.

MPOWER loans help you:

Many students use MPOWER to reduce their financial stress and focus on academics, whether they are eligible for an SSN or not.

Get your SSN the right way

Although a SSN is not part of U.S. student visa requirements, an SSN is an important piece of your U.S. identity if you’re working legally while studying. Make sure you understand the requirements, gather the right documents and follow the process step by step.

If you’re unsure, talk to your school’s international student office or visit your nearest Social Security office for guidance.

Cost Breakdown of Studying in the U.S. for Indian Graduate Students

Study abroad budgetingrequires understanding all the expenses you’ll face during your master’s program in the U.S. Beyond tuition fees, you’ll need to account for living expenses, health insurance, travel costs and other essentials that can significantly impact your total education investment. Having a clear cost breakdown helps you make informed decisions about funding and ensures you’re prepared for the financial realities of studying in America.

Tuition and academic expenses

Understanding tuition structures helps you plan your funding with scholarships, family funding and potentially a personal education loan and compare different program options effectively.

Public versus private university tuition differences

Public universities typically charge lower tuition rates, especially for popular STEM programs. Annual tuition for international graduate students at public universities ranges from US$25,000 to US$45,000 depending on the program and state location.

Private universities generally have higher tuition costs but often provide more generous financial aid packages. Tuition at private institutions typically ranges from US$40,000 to US$70,000 annually for master’s programs.

Program-specific cost variations

STEM programs often include additional lab fees and equipment costs:

MBA programs tend to have premium pricing:

Additional academic expenses

Beyond tuition, budget for these educational costs:

Books and supplies:

Technology requirements:

Living expenses across different U.S. regions

Your living costs will vary dramatically depending on your university’s location, making this a crucial input for your international student budgeting.

Housing costs by region

High-cost metropolitan areas (New York, San Francisco, Boston, Washington D.C.):

Medium-cost cities (Chicago, Austin, Seattle, Philadelphia):

Lower-cost areas (Midwest, South, smaller college towns):

Daily living expenses

Food and groceries:

Transportation costs:

Personal expenses:

MPOWER Financing’s comprehensive funding solution

MPOWER Financing understands that study loans for international students need to cover your complete educational journey, not just tuition payments.

Comprehensive cost coverage

MPOWER loans for U.S. universities can cover multiple expense categories:

Direct educational costs:

Living expense support:

Realistic loan amounts for total costs

MPOWER recognizes that total education costs often exceed US$50,000 annually when combining tuition with living expenses. Loan amounts can reach up to US$100,000 total, allowing you to focus on your studies rather than constant financial stress.

This comprehensive approach means you don’t need to patch together multiple funding sources or worry about gaps in coverage for essential expenses.

Interest rate advantages

MPOWER offers fixed, inflation-proof interest rates that remain constant throughout your repayment period. This predictability is crucial when planning long-term budgets that need to account for currency conversion between rupees and dollars.

Fixed rates protect you from interest rate increases that could significantly impact your total repayment costs over time.

 

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Smart budgeting strategies and cost-saving tips

Effective financial planning can significantly reduce your total education costs while maintaining your quality of life and academic performance.

Strategic program and location choices

Consider total cost of attendance:

Timing considerations:

Housing cost optimization

On-campus versus off-campus analysis:

Shared housing strategies:

Managing daily expenses

Food budget optimization:

Transportation efficiency:

Income opportunities during studies

On-campus work options:

Internship planning:

Emergency fund planning

Maintain an emergency fund equivalent to two to three months of living expenses. This provides security for unexpected costs like:

Understanding the complete cost picture empowers you to make informed decisions about financing your U.S. education. With proper planning and strategic choices, you can manage expenses effectively while focusing on academic excellence and career preparation.

Navigating Health Insurance as an F-1 Student: What’s Required and What’s Optional

As an international student in the U.S. on an F-1 visa, staying healthy is important, but so is understanding how health insurance works. Unlike some countries with universal health care, the U.S. health care system is largely private, and medical care can be very expensive without coverage.

This guide explains what kind of health insurance F-1 students need, what’s required by schools and what’s optional but helpful during your time in the U.S.

Are F-1 students required to have health insurance?

The U.S. government does not require those on an F-1 visa to have health insurance as part of the visa process. However, most universities do.

In many cases, your school will automatically enroll you in a student health insurance plan. This plan usually meets school standards and includes:

If your school does not require its plan, it may allow you to choose your health insurance for international students, but you will still need to prove that your coverage meets minimum requirements.

What does a typical student insurance plan cover?

Most student health insurance plans cover basic services, but details vary by health insurance provider. In general, you can expect coverage for:

You’ll usually pay a monthly premium plus out-of-pocket costs like copays, deductibles or coinsurance. These costs are much lower than paying full price without insurance.

Some schools also offer access to campus health centers, which may provide basic care at little or no additional cost.

Can you use a private health insurance plan instead?

Some universities allow F-1 students to waive their school-sponsored insurance if they have a comparable private plan. Each school sets its own waiver requirements, but most expect your private insurance to:

If your plan doesn’t meet your school’s criteria, your waiver request may be denied, and you’ll need to use the school’s plan instead. Always review your university’s specific policy and waiver deadline before purchasing outside insurance.

What happens if you do not have insurance?

If your university requires insurance and you do not have it, you may not be able to register for classes or access campus resources. In the event of a medical emergency, you could also face high bills without coverage.

Health insurance protects you financially and ensures you can get care when you need it. Even if your school does not require insurance, having a plan is still strongly recommended.

Required health coverage and optional add-ons for international students

Health insurance is often a requirement set by your university, not by the federal immigration system (for F-1 students). For J-1 visa holders, however, U.S. Department of State regulations do mandate minimum insurance levels including medical evacuation and repatriation.

Many universities allow students to waive their school’s insurance if their private plan meets those specific criteria, but those standards vary by school. Common expectations often include:

If your plan doesn’t satisfy your university’s requirements, your waiver might be denied and you’ll be required to enroll in the school’s plan. Always check your school’s policy, the waiver deadline, and your visa type before purchasing outside insurance.

Some extras like vision, dental, travel coverage between home and the U.S., or even medical evacuation/repatriation may be required, optional or supplemental, depending on your visa type and your university’s rules. For J-1 exchange visitors, evacuation and repatriation are typically required components per federal rules.

How MPOWER Financing helps international students protect their well-being

Health insurance is just one part of your overall financial planning as an international student. MPOWER Financing helps F-1 students cover tuition, housing and living costs – including health insurance premiums.

MPOWER private student loans can help you:

With no cosigner, no collateral and transparent repayment terms, MPOWER loans are designed to support your success, inside and outside the classroom.

 

Check your eligibility

 

Stay covered, stay focused

Health care in the U.S. can be complex, but your school and insurance provider can help you understand your options. Take time to review your coverage, know what’s included and make sure you meet any school or visa requirements.

Having the right insurance is not just a rule, it’s a key part of staying healthy, safe and successful during your time in the U.S.

International Student Housing: How to Find Safe and Affordable Accommodation

One of the first challenges many international students face is finding a place to live. Whether you’re arriving on a U.S. student visa or studying in Canada, choosing safe and affordable housing can make a big difference in your overall student experience.

This guide covers the main types of housing available, what to look for in a rental and how to avoid common issues when signing a lease.

On-campus housing: Convenient and beginner-friendly

Many universities offer dormitories or residence halls for first-year international students. This can be a great option if you’re new to the country and want a structured living environment close to classes.

Pros of on-campus housing:

 

Cons to consider:

If you’re interested in living on campus, apply early. Housing is usually assigned on a first-come, first-served basis.

Off-campus housing: More independence and flexibility

If you prefer more privacy or want to live with friends, off-campus housing may be a better fit. This includes:

Look for rentals near public transportation or within walking distance of campus. Many universities also have off-campus housing offices that can help you find verified listings or connect with roommates.

Common platforms for finding rentals include:

Always research the neighborhood and visit the place in person or via video tour before signing anything.

What to look for in a safe and reliable rental

Safety and comfort are important. When evaluating a place to live, consider:

If something feels unclear or unsafe, keep looking. It’s worth taking extra time to find the right place.

Avoiding common housing problems

International students are sometimes targets for rental scams or poor-quality apartments. To protect yourself:

If you’re unsure about anything, ask your school’s housing office or international student services for help before committing. When getting a student loan, always consider potential housing costs.

Temporary housing while you search

If you are arriving before you’ve secured permanent housing, consider:

Give yourself at least a few days to visit rentals in person and settle into your new city

How MPOWER Financing can help support your housing plans

Finding the right place to live is easier when your finances are in order. MPOWER Financing helps international students cover tuition and living expenses with no cosigner, uncollateralized loans that don’t require a U.S. credit history.

You can use your MPOWER loan to:

By removing financial pressure, MPOWER gives you more control over where and how you live during your academic program.

 

Check your eligibility

 

A safe home supports student success

Where you live affects your focus, well-being and peace of mind. Take your time, ask questions and make sure your housing choice fits your budget and lifestyle. Whether you’re living on campus or renting nearby, feeling safe and settled will help you succeed in school and beyond.

Social Security Number Guide: Document Checklist for Nepali F-1 Students

Obtaining your Social Security number early makes life easier. Payroll needs it for on-campus jobs, banks ask for it and it helps with how to build credit in the U.S. You can apply as soon as you have eligible work and the right documents. This page explains when you qualify, which papers to bring, how to move fast and what to do if something stalls.

Know when you qualify and when to go

First confirm you’re eligible. F-1 students can apply for an SSN when one of these is true:

Timing matters. Use these simple cutoffs:

  1. Wait at least 10 days after arriving in the U.S. so your entry record syncs across systems.
  2. Make sure your Student and Exchange Visitor Program (SEVIS) record is active. For on-campus jobs, your international office must note your employment. For CPT or OPT, the authorization must be issued on your I-20 or EAD.
  3. Apply soon after those steps, but only when you can bring every document on the checklist below.

Name order and dates must match across all papers. If your Nepali passport shows a single name or a different order than your I-20, ask your Designated School Official (DSO) for the correct format to use on the SS-5 form.

Your fast-track document checklist

Bring original, unexpired documents. Photocopies do not work. Organize them in this order so your visit is quick.

For on-campus employment

 

For CPT

 

For OPT

 

Quick precheck before you go:

 

Where to apply:

Use the Social Security office locator to find the nearest office. Many accept walk-ins, but booking an appointment can save time. Bring a pen and your own copies to reference while you fill out forms.

How MPOWER Financing supports your setup

MPOWER Financing focuses on international students at eligible universities in the U.S. and Canada. MPOWER does not require a U.S. cosigner or collateral in Nepal, which keeps family property unpledged while you study. In the U.S., funds can be used at eligible universities for approved education costs such as tuition, fees and living expenses listed by your university. In Canada, funds cover tuition and university-invoiced expenses. That clarity helps you avoid using high-interest cards to cover school bills while you wait for payroll to start.

This also connects to your identity footprint. With tuition funded through a clear source, you can keep your first credit card limit small, pay in full and build a score slowly once your SSN arrives. If a gap remains, a no-cosigner private student loan option to cover the shortfall can fit your study abroad budgeting and keep international student loan repayment comfortable later.

 

Check your eligibility

 

Fast-track playbook and troubleshooting

Follow these steps in order. Most students can complete them within two weeks.

  1. Lock your work start date. Confirm your on-campus job or CPT or OPT start date by email. Save the email as proof.
  2. Ask for letters. Request the employer letter and the international office letter on the same day. Give each office the exact wording your SSA office expects.
  3. Fill SS-5 neatly. Use the name order your DSO confirms. Leave unknown fields blank rather than guessing.
  4. Plan your visit. Choose a morning slot on a light class day. Bring a folder with originals in the order listed above.
  5. Keep a receipt. Ask for a printout or note the case number after you apply. The card usually arrives by mail.
  6. Protect your number. Memorize your SSN, then store the card safely. Do not carry it daily.

What to do if things stall:

Simple security tips:

With the right documents and a plan, your SSN setup becomes a short errand, not a semester-long stress point. You’ll be ready for payroll, banking and the credit steps that support your life in the U.S.

Culture Shock Guide: 7 U.S. Habits That Surprise Nepali Students

Moving from Nepal to a U.S. university changes your daily rhythm. People speak more directly, time runs on calendars and money rules feel different. You can adapt fast with a few simple scripts and small weekly habits. This article shows seven common surprises, how to respond with confidence and a short practice plan for your first week.

Seven U.S. habits that surprise Nepali students

  1. Small talk with strangers
    Expect quick chats with classmates, bus drivers or staff. Topics include weather, weekend plans and sports. Adapt with two lines: “Hi, I’m new to campus. How is the library at night?” and “Nice to meet you. See you in class.”
  2. Direct words and clear asks
    Professors and managers value short requests. Say what you need and add a when. Try: “I need help on problem 3. Can I stop by office hours on Tuesday?” This style saves time and shows respect.
  3. Punctuality and appointments
    Time is literal. If a lab starts at 9 a.m., arrive by 8:55. Book office hours, health visits and housing repairs in advance. Add travel time in your calendar so you’re not late.
  4. Email rules
    Use a short subject and one ask per note. Open with “Hello Professor Sharma,” state your request, thank them and sign with your name and section. Keep it under six lines. Save email for records when the topic is grades, visa or money.
  5. Team projects and speaking up
    You’ll share work but still own your part. In the first meeting, agree on roles and deadlines. Give short updates: “Yesterday, I tested the model. Today, I will clean the data. No blockers.” This helps everyone and builds trust.
  6. Money norms: Tipping and splitting
    In restaurants, tip 15 to 20% on the pre-tax total. When friends split a bill, apps like Venmo or Zelle are common. If you’re on a tight budget, suggest a coffee meeting instead of dinner. Keep your study abroad budgeting steady.
  7. Personal space and roommate rules
    Most people prefer an arm’s length in lines and shared spaces. Ask before entering rooms, borrowing items or playing music. Set quiet hours with roommates in week one to avoid stress later.

Build your support system and confidence

Start with your international office. Ask where to find campus mentors, free workshops and the quickest way to reach help after hours. Visit one student group that feels familiar and one that is new. Many Nepali students like hiking clubs, service groups or tech meetups. A weekly meeting gives you a home base and friends to ask when you feel stuck.

Practice short scripts you can reuse in any setting:

Take care of basics early. Learn how health insurance for international students works at your university, where urgent care is and how to reach campus safety. Open a bank account, set up a simple budget in dollars and read a quick guide on how to build credit in the U.S. so phone plans and rentals are easier to obtain over time. Small systems reduce stress and leave more energy for study and friends.

How MPOWER Financing helps you focus on life and study

MPOWER Financing serves international students with funding at eligible universities without a U.S. cosigner or collateral in Nepal. In the U.S., funds can be used at eligible universities for approved education costs such as tuition, fees and living expenses listed by your university. For eligible Canadian programs, funds cover tuition and university-invoiced expenses. Clear funding helps you say yes to lab gear, transit and housing deposits without leaning on high-interest credit cards.

Fixed rates and straightforward funding documents make budget planning simple. You can estimate total costs for the year, borrow only the shortfall after scholarships and keep your monthly plan realistic for the long term. With money steady, you can focus on international student internships and classes, not on surprise bills.

If a private education loan fits your plan, check your university’s eligibility and confirm how disbursement works under an education loan in the USA. Keep approvals in the same cloud folder as your campus and visa papers so everything stays organized.

 

Check your eligibility

 

A one-week acclimation plan

Day 1: Map your campus.
Walk your class routes and find the international office, library, student center and urgent care. Save each location in your phone.

Day 2: Set your digital basics.
Create a calendar for classes, labs and office hours. Add alerts 15 minutes early. Set email on your phone and draft one polite template for professors.

Day 3: Join two communities.
Attend one student meetup and one open club. Say hello to a club member and ask when they need volunteers.

Day 4: Handle your money.
Open a bank account, set up direct deposit if you will work on campus and pick a low-cost phone plan. Review last month’s spending to start your budget.

Day 5: Practice speaking up.
Visit one professor’s office hours with a real question. Use your short script and take notes. This builds confidence fast.

Day 6: Plan for health and safety.
Save your health plan card, urgent care address and campus safety number. Pack a small kit with meds you use, a water bottle and a snack.

Day 7: Explore and rest.
Take a short walk in a park or museum. Share photos with family during a planned call. A steady routine makes culture shock smaller each week.

Credit Cards for F-1 Nepali Students: Build Credit Without Cosigner

Arriving in the U.S. with no credit history is normal. You can open a starter credit card, pay it in full each month and build a strong score in less than a year. This article explains how U.S. credit works for F-1 students, the fastest path to your first card without a cosigner and the daily habits that raise your score while you study.

Understand how U.S. credit works for F-1 students

Credit scores reflect a few simple behaviors. The factors that impact your credit score include on-time payments and how much of your limit your use.

IDs and numbers you can use

What to expect at the start

Get your first card without a cosigner

Follow these steps over one month. Keep documents in a single folder so applications are fast and clean.

  1. Open a checking account near campus. Set up online banking and receive a debit card for daily spending.
  2. Choose your starter path. A secured card is the fastest route. You place a refundable deposit, such as US$200, and receive a matching limit. If you have steady on-campus income and an SSN or ITIN, a student card without a deposit may work.
  3. Apply once, then pause. Use your legal name as it appears on your passport and I-20. If you’re declined, wait 30 to 60 days before trying a different option so you do not add several hard inquiries in a short amount of time.
  4. Use the card the smart way. Put one or two predictable expenses on your card, such as a phone bill or groceries. Turn on auto pay for the full statement amount. Pay a second time mid-cycle to keep utilization low.
  5. Grow to an unsecured card. After six to 12 on-time statements, ask the issuer to review your account. Many convert secured cards to unsecured and return the deposit.

Helpful alternatives if credit is thin:

Keep this safeguard in mind:

Never carry a balance on purpose to “build credit.” Paying in full builds credit and avoids interest. A balance only adds cost.

How MPOWER Financing supports a no-cosigner plan

MPOWER Financing evaluates international students at eligible universities without a U.S. cosigner or collateral in Nepal. For eligible U.S. programs, funds can be used for approved education costs such as tuition, fees andliving expenses listed by your university. For eligible Canadian programs, funds cover tuition and university-invoiced expenses. This clarity helps you separate tuition funding from everyday card use so you do not lean on high-interest credit for school bills.

Three ways this supports credit building

Ask any potential lender one key question.

Will on-time loan payments be reported to major U.S. credit bureaus? If yes, responsible repayment can help build your profile. If reporting is not available, your credit card history becomes even more important.

 

Check your eligibility

 

Daily habits that raise your score fast

Think of credit as part of your weekly routine. Small actions add up.

If your family sends support from Nepal, plan remittances to land before your auto pay date and use fewer, larger transfers to cut FX and wire costs. Keep your budget simple, avoid impulse purchases and lean on international student resources like campus financial counseling when choices feel confusing. Over time, you will have a solid score, easier apartment approvals and better card offers. That makes how to build credit in the U.S. feel like a straight line, not a mystery.


*Rates as low as 9.99% (10.89% 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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