For foreign students, searching for loans to attend American universities can be difficult. In previous years, students could apply for the CanHelp student loan, but unfortunately, CanHelp loans were discontinued in 2008. Instead, through the Canadian Student Loan Program, students have the option to apply for a Smart Option loan through Sallie Mae.
The Canadian Student Loan Program allows students to take out a loan up to the cost of education. What’s great about this loan is that there are no early repayment penalties and students don’t need to start repayment until 6 months after they graduate. However, it’s important to note that any student who wishes to apply for a loan, must have a US cosigner.
Additionally, StudentScholarshipSearch has a number of scholarship listings for international students and would be a great place to search for a little extra money for school.
>>To apply for a Canadian Student Loan, visit InternationalStudentLoans.com.
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