Source: Inside Higher Ed
International students who come to study in the U.S. are often not able to get much financial assistance in the form of scholarships and are not eligible for federal aid or loans from banks.
A new market is therefore emerging, where student loans are available to international students but with a higher price tag. While local students can acquire loans with interest rates of 6 or 7 percent, international students would have to face interest rates of about 12.94 percent, according to Inside Higher Ed.
Whether these options make sense for international students or not will be up to them, but the market is nevertheless emerging to shape new loan options.
Read Full Story: Inside Higher Ed