Are International Student Loans Available for Studying Abroad?


Quick Answer

American students studying abroad are eligible for Subsidized or Unsubsidized Direct Loans from the William D. Ford Federal Direct Loan Program provided they attend an international school that participates in the program. Graduate students are eligible for Unsubsidized Direct Loans and Direct PLUS Loans.

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Full Answer

Borrowing limits for Direct Loans vary according to factors such as the student's dependency status and year of school. The amounts available range from $5,500 to $20,500. PLUS Loans calculate a student's borrowing limit to cover the difference between the total cost of attendance and any other financial aid awarded to the student. If the student is participating in an American school's study-abroad program, he may use his financial aid package from the American school to cover the costs.

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