Us student loans for international students

Introduction & The Problem

Albert, a graduate assistant at Wayne State University, addresses students who:

• Failed to secure fully funded scholarships.
• Have a low CGPA and worry about funding options.
  He introduces Empower Financing, a loan solution with no collateral/cosigner needed, covering tuition, living costs, and even car purchases.

Empower Loan Basics

• Loan range: $2,000 – $100,000.
• Flexible use: Tuition, rent, health insurance, or a car.
• Visa support: Provides documents for F1 applicants lacking bank statements.
• Eligible schools: 200+ U.S./Canada universities (list downloadable on their site).

School Eligibility Check

• Bachelor’s students: Loans cover only the last 2 years (not all 4).
• Master’s students: Full program support.
• Albert demonstrates how to search for affiliated schools (e.g., Michigan Tech).

Application Process – Part 1

1. Personal Details:

• Legal name (as per passport), email, citizenship (e.g., Ghana).
• U.S. immigration status (Non-citizen for international students).

1. Academic Plans:

• Program type (e.g., On-campus Master’s in Chemistry).
• Enrollment status (Full-time required for F1 visa).

Application Process – Part 2

3. Financial Needs:

• Yearly estimates: Tuition ($30,000) + living ($5,000) + health insurance ($2,000).
• Subtract scholarships/savings (e.g., $8,400 scholarship → $41,100 loan needed).

3. Loan Request: Enter amount (e.g., $41,100) and submit.

Approval & Terms

• Processing time: 1–2 weeks.
• Example approval: $55,800 for a $41,100 request.
• No prepayment penalties or strict credit checks.
• Repayment: Starts post-graduation with flexible terms.

Final Tips

• Apply early as a backup if scholarships fail.
• Use Empower’s Visa support letter for F1 interviews.
• Albert offers help via comments and links the application portal.

Key Takeaways

✅ Who Qualifies?

• International students (e.g., India, Nigeria, Pakistan).
• Master’s students (full support) / Bachelor’s (last 2 years).

✅ Why Choose Empower?

• No cosigner/guarantor.
• Funds can cover all study-related expenses.

✅ Action Steps

1. Check school eligibility [on Empower’s website].
2. Gather documents: Admission letter, cost estimates, passport.
3. Apply 3–6 months before visa interviews.

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us student loans for international students

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