I intend to make use of the International Student Loan Program (ISLP). http://www.iefc.com/intl/intl_islp_grad_tc.cfm
I have relatives in US who are permanent residents,who can be my co-signers, and the interest rate is ridiculously low compared to private loans in my country.
Most of the schools i have applied to are in the eligible school list.
I wish you the best of luck with that, because the ISLP has been terminated. TERI, which used to guarantee the loans for this program, filed for Chapter 11 Bankruptcy protection, and subsequently all the lenders pulled out from lending in this particular student loan market segment.
(IEFC must not be doing a good job of cleaning up their webservers)http://www.iefc.com/intl/intl_index.cfm
As of April 18th, 2008 our private loan lenders stopped accepting new applications for the private International Student Loan Program (ISLP) and CanHELP loan programs. We are actively working to develop alternative programs to support the borrowing needs of international students, and will post new information as it becomes available.
If you had an ISLP or CanHELP loan in process before April 18, 2008 and would like to check on its status, please contact us at :
US and Canada: 888 296 4332
UK & Europe: 00 800 1270 1270
Australia: 00 11 800 1270 1270