Interest Rate Questions for International Student Loans
December 24th, 2012 by Jennifer Frankel

As the cost of higher education in the United States continues to rise, more international students than ever are looking for assistance when it comes to financing their higher education goals. As a result, while personal savings (self-financing) and scholarships (financial aid) remain the two most widely-used ways for such students to pay for college in the US, more international students than ever are turning to international student loans. International student loans, much like any other loan, represent a legally binding agreement with long-term consequences and should not be entered into lightly. Thus, potential borrowers should make sure they understand the terms and conditions of what they are signing. Here are a few questions (and answers) that may help: Read the rest of this entry »

Financial Aid for Brazilian Students in the US
December 17th, 2012 by Jennifer Frankel

When it comes to international higher education in the United States it is hard to ignore the elephant (and tiger) in the room. Indeed, according to the latest Open Doors data, China and India represented the two leading places of origin for students coming to the United States. Together accounting for more than a third of the total number of inbound students, China (25.4%) and India (13.1%) are clear too big to ignore. Still, those who focus on these two titans to the exclusion of other emerging like Saudi Arabia, Vietnam, Mexico, and especially Brazil do so at their peril. After all, the long tail of international student exchange means that broad based recruitment efforts encourage both campus diversity and long-term success. Read the rest of this entry »

Understanding Interest Rates for International Student Loans
December 13th, 2012 by Jennifer Frankel

It comes as no surprise that international students are interested in, well, interest. After all, interest – broadly defined as the money above and beyond the principal (original amount of the loan) paid to the lender in exchange for borrowing money – represents a significant financial burden for any kind of loan. That burden, however, can be quite different for international students than it is for domestic students.

Varying international student loan interest rates are one of the key reasons for this. Indeed, while the interest rates on federal student loans are fixed by law, such loans are usually inaccessible to foreign students studying abroad in the United States. Fortunately, in addition to self-financing through personal savings and scholarships, international students can turn to international student loans when financing the goal of higher education. Unlike federal student loans, however, the international student loan interest rates are not fixed. Instead, a number of factors, when taken together, determine the interest rate on a private loan. Read the rest of this entry »

South Korean Enrollment Affected By Finances
December 4th, 2012 by Jennifer Frankel

The results are in for this past academic year and South Koreans were the third most populous group of international students in the US, following China and India respectively. Interestingly, if you look back at the data, you’ll notice that South Korean students have had consistent enrollments with limited growth, staying around 72,000 for years.

Why you might ask? Read the rest of this entry »