In this guide you will read about Study Loan For International Students in Nigeria. Many Nigerians come to the US as international students to earn their undergraduate or graduate certificate. This is not an easy cycle especially as the expense of school charges for an international education in the US can be very costly – and continues to rise many years, as well as the lack of education loan providers in Nigeria.
One choice to assist international students with affording their education is a study loan which can conceal to the total expense of your education minus any financial aid got. The loan amount should be guaranteed by your school.
Step by step instructions to Get An International Understudy Loan
If you want to study abroad you may have already realized that the expense of studying in the USA could be an issue for any international understudy. For private universities, school charges can be as high at $75 thousand dollars a year and for state funded schools it’s around 50k annually.
Federal loans are popular among US resident students yet the US government doesn’t give loans to Nigerian or other foreign residents – instead they can apply for an International Understudy Loan.
Assuming you are interested in an understudy loan to study in the USA or Canada, don’t waste time searching all of the loan destinations for students in Nigeria – start your research with our Understudy Loan comparison tool that will match you with a list of moneylenders well defined for your school. Basically utilize the tool above and follow these three stages:
- Pick your citizenship and school, and snap “Compare Study Loans”
- Survey your list of banks and compare terms and interest rate
- Select the study loan that addresses your issues and start the online application
Education Loan Programs in Canada for Nigerian Students:
Students from Nigeria studying at qualified Canadian colleges may find study loan programs availalabe to them. In many cases a co-underwriter is not needed while studying in Canada.
Like all private education loans, students in Canada can utilize the assets to cover part of or their whole educational expense, as well as living costs and school-related costs, medical insurance and travel costs.
Who is MPower Financing?
MPower is a top company that offers loans to international students in Nigeria. The company understands the challenges of financing advanced education, which is the reason it offers adaptable repayment terms and special programs geared toward students.
Eligibility Requirements for a Loan
An undergraduate or graduate understudy within two years of graduating or about to begin a 1-or 2-year program.
- An international understudy, DACA beneficiary, a U.S. resident, displaced person, or asylum-searcher.
- To Refinance, graduated, and working in the U.S. or on the other hand Canada for a minimum of 90 days.
- Admitted to or attending one of our 350 approved schools in the U.S. or on the other hand Canada.
Can I get an understudy loan in Nigeria to study abroad?
One choice to assist international students with affording their education is an understudy loan which can conceal to the total expense of your education minus any financial aid got. The loan amount should be ensured by your school.
Which bank gives loan to students in Nigeria?
The Principal Bank PLC Nigeria offers loans to students in Nigeria known as Eduloan. In any case, the loan is accommodated schools that can support their students or understudies with the loan. The loan has a repayment plan that is adaptable enough for 90 days. You can get up to N10, 000, 000.