● The first category is local government agencies or banks, which mainly serve our own people. There are also many institutions that can provide loans for international students, but all need a local citizen or green card holder as a co-signer, that is, a guarantor.
● The second category is international lending institutions, and the well-known one is MPOWER financing. MPOWER provides unsecured and unsecured loans for international students going to the United States and Canada, and they can apply as long as they get the offer from the school. MPOWER's repayment is very flexible. The loan term is 10 year, and the repayment can be arranged according to your own situation. There is no penalty for prepayment. There is also a maximum grace period of 30 months. There is no need to repay the principal during school. After graduation, you will be given a grace period of six months to find a job, and the principal will be repaid after six months.
● In addition to the two most common institutions mentioned above, there is a special third category, that is, funds established by universities themselves or in cooperation with non-profit organizations. For example, Harvard, Yale, Stanford and other universities provide student loans for their students. As long as the admitted students want to apply for grants and student loans in a unified way, this kind of competition is often very fierce.