Quincy, MA (PRWEB) June 20, 2006
For US students that enroll directly in a foreign school for their undergraduate or graduate education, costs are higher and funding options are much more limited than for domestic study. Federal loans can only cover a portion of the cost, other aid is often not available, and the weakened dollar puts many already expensive but popular destinations for US students, like the United Kingdom and Western Europe, out of reach. Private student loans have become an increasingly popular and available method to finance an international education.
To address escalating funding needs, InternationalStudentLoan.com has introduced an improved Foreign Enrolled Loan for US students studying at approved foreign schools. The Foreign Enrolled Loan now has high funding limits of $50,000 per year for undergraduates and $70,000 per year for graduate study, allowing students to borrow the full cost of their international education. Keith Clausen, President of InternationalStudentLoan.com, commented “We are delighted to offer a loan with higher funding limits that are more realistic considering all of the costs associated with an international education. Although we encourage students to avail themselves of federal aid and scholarships whenever possible, the shortfall can be quite dramatic. Our Foreign Enrolled Loan can fill the gap, or can be the sole funding source when necessary.”
Hundreds of foreign schools are approved for the Foreign Enrolled Loan, including medical, dental, business and law schools, with more schools being approved all the time. There are no application fees or out-of-pocket costs, borrowers can apply online or by phone, and the entire process can be completed in as little as 2 weeks.
"As the value of an international education continues to grow, and demand for internationally-trained graduates soars, more and more US students are enrolling directly in foreign schools. These students need realistic financing options. With deferred repayment, competitive rates and a simple application process, foreign enrolled students can access private loans just as readily as domestic students." added Mr. Clausen.
Undergraduate and graduate students can apply for the Foreign Enrolled Loan at http://www.internationalstudentloan.com/foreign_enrolled/ or by calling (800) 926-3069.
Contact Keith Clausen at kclausen@InternationalStudentLoan.com for more information.
InternationalStudentLoan.com is owned and operated by Envisage International Corporation and has been helping students from all over the world achieve their goals of international education since 1998. InternationalStudentLoan.com is a proud member of the International Student Network and the Student Loan Network, which can be found on the web at http://www.InternationalStudentNetwork.com and http://www.StudentLoanNetwork.com.