International Student Loan Programs Provide Financial Lifeline
International education is poised to explode, while at the same time financing international education remains difficult for the typical student. Annually, over 190,000 US students study abroad, and over 550,000 international students study in the US, and large increases are expected. For both these groups traditional financial aid often does not apply. InternationalStudentLoan.com has helped address the need for funding by developing the International Student Loan and Study Abroad Loan programs.
Quincy, MA (PRWEB) January 4, 2006 -- International education, already a significant growth area in undergraduate and graduate education, is poised to explode, while at the same time financing international education remains difficult for the typical student. Late last year the Lincoln Commission, a blue-ribbon panel of U.S. educators and lawmakers, released its report calling for an increase in the number of U.S. students studying abroad, from the current total of approximately 190,000 per year to one million annually by 2017. There are also over 550,000 international students who come to the U.S. each year to study, and for both these groups traditional financial aid often does not apply. The Commission's report cited this lack of access to funding as the primary obstacle to ensuring continued growth of international education.
InternationalStudentLoan.com has helped address the need for funding by developing the International Student Loan and Study Abroad Loan programs. As Keith Clausen, director of InternationalStudentLoan.com commented, "Our unique international and study abroad student loan programs provide a critical financial resource to many students who could not otherwise afford to study internationally. Our programs provide access to loans with competitive interest rates to U.S. students who are studying abroad and to international students coming into the U.S., and loans are available up to $30,000 per year or the estimated cost of attendance, whichever is lower.”
The International Student Loan and Study Abroad Loan Programs have industry-leading features, including a new secure online application process that can provide preliminary approval in as little as fifteen minutes, funding in as little as 5 business days, and the loan can be used to fund past due balances from previous years’ study. These new features make the loan program one of the most competitive in the marketplace for students who want to study internationally.
"As the number of students studying internationally and the cost of education continue to grow, our main objective was to offer students a loan program with improved loan products and a better application process. With InternationalStudentLoan.com, we've done that and made it easier for students to obtain funding. Although most applicants will require a U.S. co-signer, all students can apply online, rates are competitive, and loans can fund quickly," added Mr. Clausen.
Undergraduate and graduate students can apply with their co-signer for the international student loan and study abroad loan programs at http://www.InternationalStudentLoan.com
or by calling (866) 229-8900.
Contact Keith Clausen at info@InternationalStudentLoan.com for more information.
InternationalStudentLoan.com is a member of the Edvisors Network, a comprehensive education services network offering students options for managing the entire education lifecycle, from getting in to the college of their choice to financing their education and beyond. Visit them on the web at http://www.EdvisorsNetwork.com for more information.
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