Student Loans
Find a Student Loan with ELMSelect
The University of Alabama’s Student Financial Aid Office uses ELMSelect as an unbiased tool for students to compare loan products available with the lenders used most frequently by UA students in the past year.
The University of Alabama’s Student Financial Aid Office does not endorse specific lenders, receive any incentives, or have any arrangements or agreements with any lenders. The Student Financial Aid Office will process loan requests from the lender of your choice, even if the lender does not appear on the lists on ELMSelect.
Many student loans for international students will require a U.S. co-signer or co-borrower. Some lenders offer international student loans without a co-signer/co-borrower and evaluate eligibility based on factors like academic success and career potential instead of credit history. These student loans are private loans, and you will be entering into a private agreement with the lender. The terms for these loans vary widely as do the eligibility criteria.
You (and your co-signer/co-borrower, if applicable) should carefully research the options and apply for the alternative, private loan that best suits your needs. If you wish to take out a private educational loan, you must provide any documentation requested by the sponsor of the loan and follow the application procedure that is specific to that loan.
Types of Lenders:
- Private Student Loan Companies: Many private lenders offer loans specifically to international students.
- Banks: Some banks offer student loans for international students.
- Global Loan Programs: Offer loans to students from various countries.