How Much Is Too Much When Taking Out An International Student Loan
May 4th, 2014 by Jennifer Frankel
Many international students make the decision to take out student loans to help finance their study abroad programs. Student loans can be an important financial tool to afford the study abroad experience including all of the costs that go along with it – transportation, tuition, room and board, etc. Doing your research into student loans and knowing how much money you should borrow is critical to making smart financial decisions that open the doors to opportunity, but don’t leave you with years of debt.
Taking out too little money can cause you to fall short on many fees and leave you with not enough funds for important functions like eating, rent, or even tuition. On the other hand, taking out too much can mean larger loan amounts, more money to repay, and more interest payments in the long run. So how can a student make sure to take out the right loan amount? Read the rest of this entry »