3 Key Loan Tips for Foreign Enrolled Students
March 11th, 2015 by Lette Berhe
If you are a US student planning to directly enroll in a foreign university, one of the most important things to stay on top of are the deadlines. Having a solid timeline outlined for applications (university, financial aid, loans) will help ensure that you take advantage of all financial assistance at your disposal. If you have made the decision to take out a private student loan, make sure that you have exhausted all your other options: scholarships and savings (and FAFSA if you are a US student). The college application process can be overwhelming, but here are some key loan tips to help ease the stress.
1. Ask and You Shall Receive
Knowledge is power; the more informed you are the easier your decisions will be. Foreign universities may have a different system than what you are familiar with, so it is a good idea to get in contact with the financial aid department. Opening a line of communication with the school´s financial aid advisors can help you create a solid financial plan. You can normally find the financial advisors’ contact information published on the school website. Here are some ideas of what may be worth asking: Read the rest of this entry »