In 2009, the number of American students who studied abroad increased by 8.5% to a new high of 262,416, continuing the trend or rapid increase in study abroad, with four times as many U.S. students participating in study abroad in 2007/08 than in 1987/88. Europe is still the number one destination for US students abroad, with the UK leading the way, and Spain, Italy and France following shortly behind. However, there is growing interest in China, India and other rapidly-developing countries.
For students looking to study abroad for a semester, or two, we offer Study Abroad Loans. These loans are available to US Citizens and permanent residents who are planning to study abroad through a school sanctioned study abroad program at either the undergraduate or graduate level, while still attending an approved school within the USA.
You should always apply for as much in federal loans as possible before you resort to private loans. However, for our Study Abroad Loan there is no need to complete a FAFSA, other benefits of the Study Abroad Loan include:
- Borrower up to the total cost of attendance, less other aid
- Flexible repayment terms
- Thousands of approved schools
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